The old Port Rashid, being converted by Emaar into a waterfront district with a superyacht marina and the QE2 in the harbour.
29 units in stock. 29 with a confirmed status: 17 ready, 12 under construction. 38th most expensive of 67 districts by median price.
Mina Rashid is a residential waterfront district on the old port land at the mouth of Dubai Creek, immediately north of the historic centre, being developed by Emaar.
The plan includes mid-rise apartment buildings along the water, a marina targeting the superyacht market, a promenade, retail and a beach. The QE2 sits permanently berthed in the harbour as a hotel and anchor attraction.
The district connects to Deira and Bur Dubai on one side and to the Sheikh Zayed Road corridor on the other, which makes it central in a way the newer coastal developments are not.
Because the land is intrinsically valuable and historically under-used. Working ports occupy prime central waterfront, and when shipping moves to a modern facility — in Dubai’s case Jebel Ali — what remains is a large, well-located, developable site.
The pattern has repeated in London, Hamburg, Barcelona and Sydney, and in most of those cities the regenerated port district became among the most valuable residential areas.
The mechanism is waterfront plus central location plus a coherent masterplan plus time. The first three are present here.
Port regeneration typically takes fifteen to twenty-five years to mature, and the early years are the hardest — living on a construction site next to an area that has not yet gentrified.
The surrounding context matters too. Mina Rashid borders Deira and Bur Dubai, which are dense, older and very different in character. That contrast can become an asset — genuine urban texture, which most of Dubai lacks — or a drag on values, depending on how the surrounding area evolves.
And the anchor attractions have to materialise. A marina district without a working marina is just apartments near water.
Entry prices at Mina Rashid have been materially below the established waterfront districts. You are buying central waterfront at a price that reflects the district being early rather than the location being poor.
Rental demand today is thinner than in mature districts, which is the honest cost of being early. Model conservative rent and a longer letting period for the first few years.
Emaar delivery and community management are the reliable elements, and they matter more in an early district than in an established one.
Which phases are under construction and which are on the board only. Buy within the former.
The marina timeline specifically — it is the feature that differentiates this district and its delivery drives much of the value case.
What is planned on the plots between your building and the water. "Waterfront" in a masterplan can mean second row once the first is built.
The service charge including the community component, noting that marine infrastructure carries cost.
The surrounding area, visited in person rather than assessed from a render.
A patient investor with a ten-year horizon buying the location and the regeneration thesis rather than next year’s rent. Historically this has been one of the more reliable ways to make money in property, and it requires exactly the patience most buyers do not have.
It suits poorly anyone who needs strong income now, anyone who will be unhappy living amid construction, and anyone who might need to sell quickly.
−25% −22% 
−18% 
−17% −16% −15% 
−12% −12% −12% −12% −11% −10% This is the official index for the whole emirate, not for Mina Rashid: the Dubai Land Department does not publish a district breakdown publicly. Treat it as background — it tells you whether the market is rising or flat while you read the prices above. Transaction data for a specific building I pull separately, on request. Source: Dubai Land Department, read 07/08/2026.
It is an early-stage waterfront regeneration in a central location at prices well below mature waterfront districts, developed by Emaar. That combination has historically rewarded patient buyers, but the district will take many years to mature and early rental demand is thin.
The former Cunard liner is permanently berthed there as a floating hotel and serves as an anchor attraction for the district’s marina and waterfront regeneration.
Send me the building or the unit and I will pull the registered transaction history, the current service charge and what comparable units actually let for — before you make an offer, not after.
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