Direct Answer
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.*
Ask Dhabi AI
Get instant answers about property ownership in the UAE from our AI property intelligence assistant.
Ready to buy property in the UAE?
Our advisors are specialists in Abu Dhabi and Dubai investment zones. Speak to us directly.