Eagle Hills · Riga, Latvia
Riga WaterfrontWaterfront residences in Riga, Latvia
Pier Residences, the newest building at Eagle Hills' Riga Waterfront: 1, 2 and 3-bedroom apartments beside the Daugava River and The Powerhouse, a short walk from the city centre.
- From
- €250,8881-bedroom apartments
- Payment plan
- 20 / 8080% on handover
- Residency
- EU residence permitThrough the purchase, for non-EU buyers
- Homes
- 1 to 3 bedroomsPier Residences apartments
Riga Waterfront at a glance
A new district, on the Daugava riverfront.
Riga Waterfront is Eagle Hills' 55-hectare development along a 5 km stretch of the Daugava River in Riga, the capital of Latvia. Homes, shops, offices, yacht marinas and cultural spaces are planned around The Powerhouse, Riga's first power station, restored as a hub for dining, shopping and leisure, with a tram line at the doorstep.
Four residential buildings have been launched and sold; Pier Residences is the newest, with more phases to come. Its apartments, including mansard homes on the sixth floor, look toward the waterfront and The Powerhouse.
Latvia is a member of the European Union, the eurozone and the Schengen area. Homes are sold freehold, and prices include 21% VAT.
Buyers from outside the EU can apply for a Latvian temporary residence permit through their purchase, for themselves, their spouse and children under 18. The permit is decided by the Latvian authorities and is not guaranteed.
- Developer
- Eagle Hills
- Location
- Andrejsala, Riga, Latvia
- Masterplan
- 55 hectares along a 5 km riverfront
- Architects
- FaulknerBrowns
- Ownership
- Freehold; prices include 21% VAT
- Handover costs
- Land Register fee 1.5% of the price before VAT; notary about €500
- Residency
- Temporary residence permit, renewable every five years
- Handover
- Q4 2029
Gallery
Life on the river, steps from the city.
Amenities
Everything within the community.
- Waterfront location by the river promenade
- The Powerhouse: dining, shops and leisure
- Green courtyard with a children’s playground
- Summer swimming area and winter jacuzzi on the river
- Underground parking
- Bicycle and stroller storage
- Yacht marinas and a cruise terminal
- Five-star hotel, international school and museum
- Tram line at the doorstep
Residences & floor plans
Pier Residences, 1 to 3 bedrooms.
One-bedroom apartments with an open entrance, kitchen and living area, a bedroom, a bathroom and a laundry; many have a balcony.
- Bedrooms
- 1
- Sizes
- 49 to 58 sqm, total gross area
- Price
- €250,888 to €380,888
- Payment plan
- 20/80
- Handover
- Q4 2029
- Delivered with
- Engineered wood floors, porcelain-tiled bathrooms with engineered stone vanity tops, underfloor heating and a ventilation system; kitchen appliances, cupboards and wardrobes not included
Floor plans
Three of the six one-bedroom layouts in the brochure. Sizes are total gross areas including the balcony (type 1.5B: 56.6 to 58.2 sqm), converted to square feet. Prices include 21% VAT and are subject to availability; plans are indicative.
Two-bedroom apartments with an open entrance, kitchen and living area, two bedrooms, two bathrooms and a laundry, several with a walk-in closet; outdoor space ranges from a balcony to a terrace of almost 39 sqm.
- Bedrooms
- 2
- Sizes
- 77 to 116 sqm, total gross area
- Price
- €450,888 to €600,888
- Payment plan
- 20/80
- Handover
- Q4 2029
- Delivered with
- Engineered wood floors, porcelain-tiled bathrooms with engineered stone vanity tops, underfloor heating and a ventilation system; kitchen appliances, cupboards and wardrobes not included
Floor plans
Four of the eleven two-bedroom layouts in the brochure. Sizes are total gross areas including balconies and terraces, converted to square feet. Prices include 21% VAT and are subject to availability; plans are indicative.
Three-bedroom apartments with a large open living area, two or three bathrooms, a laundry and, in most layouts, a powder room and walk-in closet; the largest has a 63.5 sqm terrace.
- Bedrooms
- 3
- Sizes
- 114 to 183 sqm, total gross area
- Price
- €770,788 to €1,204,888
- Payment plan
- 20/80
- Handover
- Q4 2029
- Delivered with
- Engineered wood floors, porcelain-tiled bathrooms with engineered stone vanity tops, underfloor heating and a ventilation system; kitchen appliances, cupboards and wardrobes not included
Floor plans
Four of the six three-bedroom layouts in the brochure. Sizes are total gross areas including balconies and terraces, converted to square feet. Prices include 21% VAT and are subject to availability; plans are indicative.
Found the home that suits you?An advisor will confirm availability, prices and the payment plan for Riga Waterfront.
Payment plan · 20/80
20% before handover, 80% on handover.
Eagle Hills' payment plan: 5% on booking, 5% after three months, 10% after eight months and 80% on handover, planned for Q4 2029.
- 5%Booking
- 5%After 3 months
- 10%After 8 months
- 80%Handover, Q4 2029
Eagle Hills' payment plan for Riga Waterfront. Prices include 21% VAT. On handover, buyers also pay the Land Register fee, 1.5% of the price before VAT (2% for a company), and a notary fee of about €500.
Location & connectivity
On the Daugava, steps from the city centre.
Riga Waterfront sits on Andrejsala, on the Daugava River at the edge of Riga's historic centre, whose medieval Old Town is a UNESCO World Heritage Site. A tram line runs at the doorstep, and the nearby ferry terminal is to be renovated and expanded.
Open in Google Maps- Riga Old Town2km
- Riga Central Station3km
- Riga International Airport14km
Approximate distances by road.
Riga Waterfront FAQs
Questions buyers ask about Riga Waterfront
How does buying at Riga Waterfront lead to EU residency?
Buyers from outside the EU who buy a home worth at least €250,000 at Riga Waterfront can apply for a Latvian temporary residence permit. The permit is formally linked to the home once it is completed and registered in your name. To apply sooner, Eagle Hills offers a two-step route: a refundable €100,000 investment starts your application now, and is returned or set against your final payment when the home is delivered, so the payment plan does not change.
What does the residence permit allow?
Travel within the Schengen area for up to 90 days in any 180, the right to live and work in Latvia for you and your spouse, and access to Latvian public schools for your children. Your spouse and children under 18 can be included; dependent parents are considered case by case.
How long is the permit valid, and how often must I visit Latvia?
The permit is valid for five years and can be renewed every five years for as long as you own the home. It is registered once a year, which needs one visit; there is no minimum stay.
Is residency guaranteed?
No. The decision belongs to Latvia’s Office of Citizenship and Migration Affairs. If the permit is refused, €90,000 of the €100,000 investment is refunded. Nationals of Russia and Belarus cannot currently apply. Eagle Hills does not handle applications itself; an advisor can introduce you to the service providers who do.
What does residency cost beyond the price of the home?
A state fee of 5% of the purchase price when the permit is based on the property (€10,000 when it is based on the €100,000 investment), application fees of €160 to €560 per person, yearly registration fees of €75 to €290 per person, and legal fees of about €5,000 to €10,000. Health insurance and proof of funds are required.
How long does the application take?
A decision is usually made within 30 days of submitting the documents, but checks can extend this to four months; with the purchase itself, the whole process typically takes four to six months.
Is there a path to permanent residence or citizenship?
After five years of temporary residence, living mainly in Latvia and passing an A2 Latvian language exam, you can apply for permanent residence. Citizenship may follow after ten years in total, with language and history tests.
Can I rent out my home?
Yes. There are no restrictions on letting a home that qualifies for the residence permit.
Enquire about Riga Waterfront
Interested in Riga Waterfront? Speak to an advisor.
Explore the development in greater detail. Request the official project brochure or speak with XIS for a more comprehensive project analysis.
- The official Pier Residences brochure
- A comprehensive XIS project analysis
