Construction at the AED 800mn ($218mn) Dubai Wharf development in Culture Village is 70 percent complete.
Overlooking a canal promenade adjacent to Dubai Creek, the first tower will be completed this month, developer Dubai Properties said.
Two other towers in the residential development are scheduled for completion in Q1 2017, while the fourth tower and the developments retail space will be completed by the end of next year.
Dubai Properties is offering to pay the 2 percent DLD fee for investors until the end of 2016.
Following the success of the release of the second phase development, additional studios and apartments within the development are now available for sale at the DP sales and customer services centre in Ras Al Khor.
Located close to Al Jaddaf Metro station, Dubai Wharf has a total of 594 studio-, one-, two-, and three bedroom apartments.
The development will have 110 retail, F&B and entertainment outlets on the ground floor that overlook the canal at Culture Village.