Mina Rashid

Mina Rashid, also known as Port Rashid, is a premier waterfront destination in Dubai, UAE, offering a prime opportunity for those seeking apartments for sale in Mina Rashid. Developed by Emaar Properties and P&O Marinas, this iconic coastal community spans 6.8 million square feet between Deira and Bur Dubai, blending Dubai’s maritime heritage with modern luxury. Located near Sheikh Zayed Road (E11), it’s 10–15 minutes from Downtown Dubai, 18 minutes from Dubai International Airport, and 40–45 minutes from Sharjah’s Al Nahda. Featuring projects like Sirdhana, Seagate, Seascape, Clearpoint, and Marina Views, Mina Rashid appeals to professionals, families, and investors seeking a serene yet vibrant waterfront lifestyle. This guide explores the real estate market, apartment types, lifestyle benefits, and practical tips for purchasing an apartment in Mina Rashid, contrasting it with Sharjah’s affordable Al Nahda and City Walk’s urban sophistication.

Introduction to Mina Rashid

Mina Rashid, a historic port opened in the 1970s, is transforming into a world-class waterfront destination, home to the iconic Queen Elizabeth 2 (QE2) floating hotel and the Middle East’s leading cruise terminal for 14 consecutive years. Its 430 wet berths, 500-meter canal, and upcoming Dubai Mall by the Sea enhance its appeal. Residential projects like Sirdhana, Seagate, and Clearpoint offer 1- to 3-bedroom apartments and 4-bedroom penthouses with panoramic marina and skyline views. Unlike Sharjah’s Al Nahda, which provides budget-friendly urban apartments, or City Walk’s cosmopolitan vibe in Jumeirah, Mina Rashid offers a unique blend of coastal luxury and maritime heritage. As a freehold area, it allows 100% foreign ownership, making real estate in Mina Rashid highly attractive for global buyers.

Real Estate Market Overview in Mina Rashid

The real estate market in Mina Rashid is thriving, driven by its waterfront location and Emaar’s prestigious developments. The Dubai Land Department recorded 1,715 apartment transactions over the past 12 months, averaging AED 2,950,000, reflecting a +10% price increase due to demand for projects like Seagate, Clearpoint, and Marina Views. Rental yields average 5.5–7.5%, with 1-bedroom units offering up to 7.5% (AED 90,000/year for 742 sq.ft.). Off-plan projects like Pier Point 2 (delivery Q4 2028) offer 60/40 payment plans and 10–15% capital appreciation potential by 2027. Compared to Al Nahda (median AED 950,000, 6–8% yields) and City Walk (AED 3,200,000, 5.5–7% yields), Mina Rashid offers competitive pricing and strong ROI in a luxurious coastal setting.

Types of Apartments Available for Sale

Mina Rashid offers a diverse range of apartments in projects like Sirdhana, Seagate, Seascape, Clearpoint, Marina Views, and Avonlea, catering to various budgets. Here’s a breakdown:

• 1-Bedroom Apartments: Compact units (700–817 sq.ft.), ideal for singles or couples, starting at AED 1,110,888 (e.g., Seagate, AED 1,150,888 for 742 sq.ft.). Features include floor-to-ceiling windows, balconies, and marina or sea views.

• 2-Bedroom Apartments: Family-friendly units (1,087–1,320 sq.ft.), priced from AED 2,105,888 to AED 3,250,000 (e.g., Seascape, AED 2,590,000 for 1,320 sq.ft.). Includes smart home systems and access to premium amenities.

• 3-Bedroom Apartments: Spacious units (1,743–2,721 sq.ft.), priced from AED 3,245,000 to AED 5,290,000 (e.g., Clearpoint, AED 3,700,000 for 1,743 sq.ft.). Offers maid’s rooms and panoramic skyline views.

• 4-Bedroom Penthouses: Luxury units (2,500+ sq.ft.) in projects like Sirdhana, starting at AED 4,776,888, with private terraces and exclusive marina access.

Apartments feature modern designs, glass façades, and amenities like private beaches, rooftop recreation spaces, and retail promenades, offering a more coastal, heritage-inspired experience than City Walk’s urban luxury or Al Nahda’s basic apartments.

Current Property Prices and Market Trends

Apartment prices in Mina Rashid reflect its premium waterfront status. As of August 1, 2025, the price range is:

• 1-Bedroom Apartments: AED 1,110,888 to AED 1,900,000 (median AED 1,500,000)

• 2-Bedroom Apartments: AED 2,105,888 to AED 3,250,000 (median AED 2,610,000)

• 3-Bedroom Apartments: AED 3,245,000 to AED 5,290,000 (median AED 4,000,000)

• 4-Bedroom Penthouses: AED 4,776,888 and above

The median price per square foot is AED 1,800, with a +6% increase over six months, compared to AED 900/sq.ft. in Al Nahda and AED 2,300/sq.ft. in City Walk. Rental yields range from 5.5% (3-bedroom) to 7.5% (1-bedroom). Off-plan projects like Seagate and Pier Point 2 offer 60/40 payment plans and 10–15% capital appreciation potential by 2027, driven by the port’s expansion and tourism growth. A projected supply of 76,000 new units in Dubai by 2027 may stabilize prices, but Mina Rashid’s unique maritime appeal and cruise terminal status ensure strong demand.

Amenities and Lifestyle in Mina Rashid

Mina Rashid offers a luxurious, waterfront lifestyle, contrasting with Al Nahda’s urban affordability and City Walk’s cosmopolitan vibe. Key amenities include:

• Shopping and Dining: Upcoming Dubai Mall by the Sea, QE2’s dining venues, and proximity to City Centre Al Shindagha and BurJuman (12–15 minutes), surpassing Al Nahda’s Safeer Mall and matching City Walk’s retail hub.

• Schools and Nurseries: Ambassador School and GEMS Winchester School (15–18 minutes) cater to families, comparable to Al Nahda’s Emirates College proximity.

• Parks and Recreation: Private beach, 500-meter canal, marina promenade, and proximity to Al Seef (10 minutes), compared to City Walk’s Central Park or Al Nahda’s Botanical Garden (40–45 minutes).

• Metro Connectivity: No direct metro, but Sheikh Zayed Road ensures access to Downtown Dubai (10–15 minutes), better than Al Nahda’s bus-reliant system but less convenient than City Walk’s Burj Al Arab Metro Station.

• Healthcare: Rashid Hospital and Aster Hospital (18–22 minutes) offer quality care, similar to Medcare Hospital near City Walk.

• Fitness and Leisure: Fitness centers, rooftop recreation spaces, yacht clubs, and water sports, offering a more coastal vibe than City Walk’s urban amenities or Dubai South’s community focus.

Mina Rashid’s maritime heritage, private beach, and vibrant promenade create a serene yet dynamic lifestyle, ideal for yacht enthusiasts and families.

Reasons to Buy Property in Mina Rashid

Investing in apartments for sale in Mina Rashid offers several advantages:

• Waterfront Luxury: Marina and Arabian Gulf views, surpassing Al Nahda’s urban setting and complementing City Walk’s urban luxury.

• Rental Yields: 5.5–7.5% yields, comparable to Al Nahda’s 6–8% and City Walk’s 5.5–7%, with high demand from tourists and professionals.

• Capital Appreciation: 10–15% growth potential by 2027, driven by the cruise terminal and Dubai Mall by the Sea, matching City Walk and Dubai South.

• Strategic Location: 10–15 minutes from Downtown Dubai and DIFC, closer than Al Nahda (40–45 minutes) and comparable to City Walk (5–10 minutes).

• Freehold Ownership: 100% foreign ownership with investor visas (2-year for AED 750,000+, 10-year Golden Visa for AED 2 million+), similar to Dubai and Sharjah.

Mina Rashid’s coastal charm and investment potential make it a prime choice for investment properties in Mina Rashid.

Comparison with Nearby Areas

Mina Rashid compares favorably to other UAE areas:

• City Walk (Jumeirah): Apartments at AED 2,300/sq.ft. with 5.5–7% yields, 10–15 minutes away, with an urban, pedestrian-friendly focus rather than Mina Rashid’s coastal heritage.

• Dubai South: Apartments at AED 1,200/sq.ft. with 5–7.5% yields, 30–35 minutes away, with a master-planned, affordable focus rather than waterfront luxury.

• Al Nahda (Sharjah): Studios from AED 350,000 with 6–8% yields, 40–45 minutes away, with fewer amenities and no waterfront appeal.

Mina Rashid’s maritime allure and central location give it an edge over Al Nahda’s affordability and Dubai South’s community-driven appeal.Mina Rashid, a prestigious waterfront community in Dubai, offers a luxurious coastal lifestyle for those seeking apartments for sale in Mina Rashid. With 1- to 3-bedroom apartments and 4-bedroom penthouses in projects like Sirdhana, Seagate, and Clearpoint starting at AED 1,110,888, it provides 5.5–7.5% rental yields, 10–15% capital appreciation potential, and world-class amenities like a private beach, yacht marina, and the upcoming Dubai Mall by the Sea. Compared to Sharjah’s Al Nahda (budget-friendly but urban) and City Walk’s urban luxury (pricier), Mina Rashid offers a unique blend of maritime heritage and modern living, ideal for investors and residents. Start exploring Emaar’s projects like Seascape today—contact us to secure your dream home or a high-return investment in this vibrant Dubai hub.