Description

Project Overview

Riga Waterfront is a landmark mixed-use development in Riga, Latvia, redefining modern waterfront living in Northern Europe.
Developed by Eagle Hills Properties (Abu Dhabi), this visionary project transforms over 55 hectares along the Daugava River into a vibrant, sustainable, and cosmopolitan district — bringing together residential, retail, hospitality, business, and leisure components within one world-class destination.

Location Highlights

City: Riga – Capital of Latvia (European Union & Schengen Zone)
Waterfront: Situated directly on the Daugava River, connecting to the city center and Riga Port
Accessibility: 20 minutes from Riga International Airport (RIX)
Area: ≈ 55–57 hectares (phase 1 site)
Masterplan: Urban waterfront with public promenade, retail boulevard, green parks, and marina access

Developer

The project is developed by Eagle Hills Properties, an Abu Dhabi-based global developer known for creating high-profile mixed-use destinations across 16 countries — including projects in Serbia, Georgia, Bahrain, and Morocco.
In Latvia, Eagle Hills is working with local authorities to establish a new residential and lifestyle district that positions Riga as a leading investment and tourism hub in the Baltic region.

Masterplan Overview

Total Development Area: ≈ 55 hectares of prime waterfront land
Investment Value: ≈ €3 billion
Residential Units: ≈ 8,000 homes (1 – 3 bedroom apartments)
Population Capacity: ≈ 30,000 residents
Mixed Use Components: Residences • Retail • Hospitality • Office spaces • Public parks • Marina & Promenade
Handover: Expected by 2029 (phase 1)

Residential Offering

Designed for both local and international buyers, Riga Waterfront Residences offer elegant, contemporary homes with European design and panoramic river views.

Unit Type	Bedrooms	Size (sq ft)	Starting Price (EUR)	Notes
Apartments	1 – 3 Bedrooms	527 – 2,153 sq ft	from €100,000 (on entry) / approx €775,000 full value	Modern layouts with balconies and river views
Penthouses	3 Bedrooms + Terrace	2,000 + sq ft	on request	Exclusive top-floor units with panoramic views of Riga

Payment Plan: 5% Down Payment • Flexible Installments until handover

Lifestyle & Amenities

Waterfront Living Redefined

1 – 3 bedroom modern apartments with high-quality European finishes
Private riverfront promenade and retail boulevard
Boutique shops, cafés & restaurants on the ground level
Exclusive marina and yacht docking facilities
Parks and green spaces for relaxation and community events
Wellness center, fitness facilities and cycling tracks
Secure underground parking and 24/7 security

Key Highlights

Modern Waterfront Apartments (1 – 3 Bedrooms)
Starting Investment: €100,000 on entry (5% down payment)
EU Schengen Residency Visa available within 45 days (subject to program approval)
Strong capital appreciation potential in a fast-growing EU market
Developed by Eagle Hills – Global developer of luxury communities

Investment Advantages

Own property in the European Union (Schengen Zone)
Obtain a 5-year renewable Schengen residency permit through investment
Freehold ownership for foreign buyers
High rental demand due to Riga’s status as a regional business hub
Projected ROI: 6 – 8% annual rental yield (expected)
Capital growth potential driven by EU investment and tourism

Design & Sustainability

Riga Waterfront is built around the principles of smart urban design, energy efficiency, and sustainable mobility.
The development integrates eco-friendly materials, smart building technology, and renewable energy solutions to ensure long-term environmental balance and modern comfort for residents.