“Riga Waterfront” — The new centre of Europe
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With a €3 billion investment from the renowned Gulf developer behind the Burj Khalifa and Downtown Dubai, the Riga Waterfront project is set to transform the area into the vibrant and dynamic Riga SoHo.
On May 22nd, 2024, the Abu Dhabi-based Eagle Hills announced the official launch of a luxurious waterfront development in the capital city of Latvia, Riga.
With an investment that will exceed €3 billion ($3.25 billion), it will transform 57 hectares and 5 km along the old port city neighbourhood into a vibrant hub that will offer a harmonious blend of luxury residential buildings, green spaces, and an active community life with a direct view of the waterfront.
The Riga Waterfront will feature:
- 8,000 modern apartments accommodating up to 30,000 residents
- Premium hotels with 1,000 rooms
- A state-of-the-art passenger terminal and yacht marina
- The largest shopping centre and grade A office spaces
- High-end retail spaces with luxury brands
- Recreational and leisure facilities including parks and waterfront promenades
Eagle Hills is led by Mohamed Alabbar, who founded Emaar Properties PJSC — the firm that built the world’s tallest tower in Dubai. It’s one of the biggest Gulf developers, with projects spanning 16 different countries in Europe, Africa, and the Middle East, and boasts over 30 years of experience.
Mohamed Alabbar expressed his vision for the project:
“Riga deserves a truly great waterfront development. My experience in real estate across 16 countries suggests that this is a unique place.”
“Riga Waterfront is a reflection of a strategic vision aimed at the development and revitalization of Latvia, and its capital city, Riga, and positioning it as the new centre of Europe”
Perfect Location
The Riga Waterfront neighbourhood has a convenient location — just a 10-minute walk from Riga’s UNESCO World Heritage Site and Riga City Centre, and a 20-minute drive to Riga International Airport, with links to central hubs in Europe and the Middle East.
EU Residency for Foreign Investors
A minimum €250,000 investment in the Riga Waterfront would enable buyers to acquire temporary residence permits in Latvia, known as a European Golden Visa.
Our agency experts can assist from selection to application, enabling you to obtain EU residency through real estate purchase in Latvia today.
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