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Mina Rashid is Emaar waterfront marina community built around Port Rashid — Dubai original deep-water port, now being transformed into a superyacht marina and residential destination. Apartments from AED 1.5M in a genuine marina setting. Early-stage community with strong capital growth thesis as Port Rashid transformation progresses.
What Mina Rashid Is
Mina Rashid (Port Rashid) is a mixed-use waterfront development by Emaar built around Dubai's original deep-water commercial port, approximately 10 minutes from Downtown Dubai and 5 minutes from Deira. The transformation converts industrial port land into a residential marina community with promenade, superyacht berths, retail, and hotel facilities.
Residential projects include Harbour Lights (in partnership with De Grisogono), The Yachts, Rashid Yachts & Marina, and others. The community is in active development with early phases delivered and later phases under construction.
Price and Yield Data — 2026
| Property Type | Avg Sale Price | Annual Rent | Gross Yield |
|---|---|---|---|
| Studio | AED 950,000 | AED 58,000 | 6.1% |
| 1BR Apartment | AED 1,500,000 | AED 90,000 | 6.0% |
| 2BR Apartment | AED 2,400,000 | AED 138,000 | 5.8% |
The Port Rashid Transformation Thesis
Mina Rashid is a long-horizon play on the transformation of a former industrial port into a premium residential address. This transformation is underway but incomplete — the community lacks the full amenity infrastructure of mature waterfront developments like Dubai Marina. Investors who bought early in Dubai Marina before full delivery saw exceptional returns. Mina Rashid presents a comparable thesis at a central Dubai waterfront location.
DRE Verdict
Mina Rashid is one of Dubai's most interesting emerging waterfront communities — central location, genuine marina infrastructure, and Emaar execution. The investment thesis requires patience: the community needs 5–8 more years to reach maturity. For long-term buyers who want a central Dubai waterfront address at below-Dubai Marina prices, Mina Rashid is worth serious consideration.
Data: DLD, District Real Estate transaction records, Q1-Q2 2026.
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