Riviera Residences 2 Abu Dhabi: payment plan, unit mix and handover of MERED’s second phase on Al Reem

Riviera Residences 2 is the second phase of MERED’s waterfront community on Al Reem Island, Abu Dhabi: 389 apartments, eight Bay Villas, six Sky Villas and one penthouse, designed by Herzog & de Meuron. Sales opened on 4 November 2026 on a 50/50 payment plan, with completion targeted for Q2 2030.

We covered the first phase in Riviera Residences and its pearl facade. Every pre-launch unit there sold in Q4 2025, so Phase 2 arrives with a waiting list already in place.

Where is Riviera Residences 2?

On Al Reem Island, inside the Abu Dhabi Global Market (ADGM) jurisdiction, the capital’s financial free zone with English common law. The community sits on the shoreline with a waterfront promenade of about 300 metres lined with cafés, restaurants and shops.

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Reem Mall, the Al Maryah Island financial district and Cleveland Clinic Abu Dhabi are close, and Saadiyat Island is a short drive away.

What is the unit mix in Phase 2?

The phase includes:

389 one-, two- and three-bedroom apartments;
8 Bay Villas, waterfront residences with interiors by London studio Dseesion Interiors;
6 Sky Villas, multi-level homes on the upper floors;
one penthouse.

Unit sizes are released with the price list on request; the press release does not include them, so we do not quote them.

What is the Riviera Residences 2 payment plan?

A 50/50 structure: half the price is paid in line with construction and half on handover in Q2 2030. MERED plans to start work before the end of 2026. Phase 1, where enabling works are complete, is due in Q3 2029.

Abu Dhabi adds a 2% registration fee to the first payment. Under emirate law, buyer payments go into the project’s escrow account.

Who are the developer and the architect?

MERED is a UAE luxury developer led by chief executive Michael Belton. The scheme is designed by Pritzker Prize winners Herzog & de Meuron, who also created a 30-metre 3D sand-printed installation for the lobby.

Landscaping is by Paris-based Michel Desvigne Paysagiste: around 300 trees and palms, more than 7,000 sq m of planting, three themed gardens, a one-kilometre walking path and a sky garden.

What amenities does the community offer?

More than 65,000 sq ft of resort-style facilities: pools, spa and wellness areas, indoor and outdoor fitness spaces, a padel court, lounges and children’s play areas, plus the waterfront promenade with its restaurants.

Why does a second phase on Al Reem appeal to investors?

ADREC data show residential sales on Al Reem and Al Maryah islands reached AED 10.5 billion in H1 2026, up 153% year on year. In October Al Reem ranked second in the capital by off-plan deal count, as our October 2026 Abu Dhabi sales review shows.

A sold-out first phase gives a benchmark: resales next door will reveal real pricing before Phase 2 completes. The drawback is the horizon. Keys come in 2030, so this is a three-and-a-half-year hold, not a quick flip.