Riga Waterfront — 2nd Sales Launch Officially Begins

The highly anticipated Riga Waterfront project by UAE-based developer Eagle Hills has officially launched the second sale of residential properties with Club Residences. This release includes stunning waterfront 1 to 3-bedroom apartments, along with exclusive opportunities for 4-bedroom townhouses. The official sales launch date is 27th August 2024.

In case you missed it, Riga Waterfront is a significant €3 billion ($3.25 billion) redevelopment project on the harbourfront of Riga, Latvia, situated along the Daugava River and adjacent to the UNESCO World Heritage Site of Riga. This extensive project includes 8,000 residential units, hotels, shopping centres, restaurants, and more, all developed by Eagle Hills, a subsidiary of Emaar, the renowned developer behind Burj Khalifa and Downtown Dubai. Read more in our other article here.

The first launch of Riga Waterfront, Courtyard Residences — a 7-storey residential building with 180 units — took place in early June 2024. As for the second launch of Club Residences, fewer than 25 apartments remain available. You can read more about this project here.

Situated at the heart of the Riga Waterfront development, Club Residences offer close proximity to the Daugava River, its promenade, and the Eksporta Basin. This unique location combines the tranquility of Riga’s SoHo district with spectacular waterfront views of the river and marina.

The retail center will be right at your doorstep, with Club Residences perfectly connected to the Riga Power Station project, which is set to become the area’s shopping and dining hub.

As with Courtyard Residences, Club Residences is divided into four blocks: A, B, C, and D. Each block has its own entrance, reception lobbies, and elevators, with a garden courtyard in the middle of the building — a signature feature of nearly every Riga Waterfront residential building.

The project features three levels:

• Basement: Underground parking (99 units available for an additional fee)
• Ground Floor (1st floor): Commercial spaces
• Floors 2 and higher: Residential apartments

Club Residences currently offers a total of 155 residential units:

• 1-bedroom: 63 units
• 2-bedroom: 78 units
• 3-bedroom: 14 units

Exclusive addition: 4-bedroom, 2-storey townhouses seamlessly integrated into the building — only 3 units available.

Apartments will feature:

The ground floor of the building will offer amenities for both leisure and business, including:

• Elegant Lobbies
• Bar & Cafe
• Retail Spaces
• Party Room
• Meeting Room
• Cinema Room
• Fitness Gym
• Locker Rooms and Bicycle Storages
• Sauna

The handover of apartments is expected in Q3 2027, approximately 1–2 months after Courtyard Residences, the first building of the Riga Waterfront development.

Club Residences prices range from €3,900 to €5,300 per square metre (€362 to €492 per square foot).

Reservations are now open, and to secure an apartment, a down payment of €2,000 is required.

A minimum investment of €250,000 in Riga Waterfront qualifies non-EU buyers for a temporary residence permit in Latvia, also known as the European Golden Visa.

Our team has thoroughly analysed Club Residences. If you are interested in the top picks with good sun exposure, best panoramic views and optimal layouts for investment, contact us through any of the convenient methods below. We can assist you in finding the right property tailored to your needs.

Additionally, our experts can guide you through the process of obtaining EU residency through real estate investment in Latvia.

For any questions or inquiries, feel free to reach out using one of the methods below:

• Email: info@neighbours.lv
• Website: Contact Us
• WhatsApp: Reach Out