Mina Rashid (Port Rashid)

Dubai’s Maritime Heritage, Reborn.

A Snapshot of Mina Rashid (Port Rashid)

Mina Rashid, also known as Port Rashid or Rashid Yachts & Marina, occupies a genuinely unique place in Dubai’s story: it was the emirate’s first modern commercial port, opened in 1972 under the vision of Sheikh Rashid bin Saeed Al Maktoum, and the very infrastructure that laid the foundation for the Dubai of today. Now, in an AED 25 billion transformation led by Emaar Properties in partnership with P&O Marinas, a DP World subsidiary, that same waterfront is being reimagined as one of the city’s most distinctive residential and leisure destinations.

The masterplan spans approximately 6.8 million square feet along the coastline between Deira and Bur Dubai, close to Dubai’s historic Gold Souk and central business district. It is organised into seven planned mini-communities, delivering a mix of one to four-bedroom apartments and four-bedroom penthouses across low to mid-rise buildings, each with an individualised architectural character and views over the marina, the Dubai Canal, or the open Gulf.

At the heart of the development sits the QE2, the former Cunard ocean liner Queen Elizabeth 2, permanently docked at Mina Rashid since 2008 and now operating as a 13-deck floating hotel, dining, and heritage attraction. Alongside it, Emaar’s plans include a 430-berth marina capable of hosting the world’s largest superyachts, a floating yacht club, Dubai’s longest swimming pool, a 1.26-hectare sandy beach, and The Dubai Mall by the Sea, a waterfront retail, dining, and leisure hub extending the Dubai Mall brand to the coast.

For buyers, Mina Rashid offers a genuinely rare combination: Emaar’s proven delivery track record, a working heritage landmark few other Dubai communities can claim, and a location that puts Downtown Dubai, DIFC, and the airport all within a 20-minute drive, while remaining meaningfully more accessible than comparable waterfront addresses. As of 2026, Sirdhana, the community’s first cluster, is fully delivered and generating rental income, while Marina Views, Marina Place, Seascape, Aurea, and Ocean Cove continue rolling out through 2026 to 2028.

Location and Connectivity

Mina Rashid sits directly on the coastline between Deira and Bur Dubai, close to Dubai’s historic Gold Souk and central business district, with excellent access via Sheikh Rashid Road and Al Khaleej Road. This position gives residents a genuinely rare combination: proximity to Old Dubai’s heritage districts alongside a straightforward, uncongested run to Downtown Dubai, DIFC, and Dubai International Airport.

Approximate Commute Times:
• Dubai Gold Souk & Deira: 5–10 minutes
• Bur Dubai: 8–10 minutes
• Al Seef & Dubai Creek: 10 minutes
• DIFC: 15–18 minutes
• Downtown Dubai & Burj Khalifa: 15–20 minutes
• Dubai International Airport (DXB): 12–15 minutes
• Business Bay: 18–20 minutes
• City Walk & La Mer: 15–18 minutes
• Dubai Marina & JBR: 25–30 minutes
• Al Maktoum International Airport (DWC): 40–45 minutes
Transport links:
• Sheikh Rashid Road — provides the community’s primary connection to Downtown Dubai, DIFC, and the wider Sheikh Zayed Road corridor.
• Al Khaleej Road — links Mina Rashid to Bur Dubai, Al Seef, and the historic Dubai Creek waterfront.
• Dubai Metro — the Dubai Metro serves the wider area well, with nearby stations providing convenient onward access to the rest of the city.
• RTA Bus Routes — multiple bus routes connect Mina Rashid to Deira, Bur Dubai, and the broader RTA network.
• Taxis and Ride-Hailing — taxis and ride-sharing services are readily available throughout the community, a genuine convenience given its central, historic location.
• Airport Access — Dubai International Airport is approximately 12 to 15 minutes away, among the fastest airport connections of any major waterfront community in Dubai
Everyday access:
Mina Rashid’s everyday amenity base is still expanding alongside its residential delivery, with retail outlets, dining, and community-level services already operating within Sirdhana and further infrastructure planned as later phases, including The Dubai Mall by the Sea, come online.

Everyday Living

Community and Lifestyle

Mina Rashid’s character is inseparable from its history. This was the port that connected Dubai to the rest of the world in the 1970s, and that heritage is deliberately preserved rather than erased: the QE2 remains permanently docked as a working hotel and heritage attraction, and the community’s design language consistently nods to its maritime past even as sleek, glass-fronted towers rise around it. Residents describe a genuine sense of living somewhere with real history, a quality that is difficult to manufacture in Dubai’s newer waterfront developments.

The community’s identity is also unmistakably maritime: a working 430-berth marina, a floating yacht club, and direct water access give Mina Rashid a genuine yachting culture that few other Dubai addresses can match at this scale. That said, the community has increasingly broadened beyond a purely yacht-owner audience, drawing families and young professionals who value the area’s lifestyle, its proximity to central Dubai, and its blend of urban and coastal living.

The resident and investor profile spans buyers drawn to Sirdhana’s already-delivered, income-generating stock, those targeting the newer Marina Views and Marina Place clusters for capital growth ahead of 2028 completion, and a distinct segment attracted to the Address Residences Mina Rashid, a branded, hotel-linked collection offering the clearest short-term rental vehicle in the community given its hotel management access.

As with any large, multi-phase waterfront masterplan, buyers should expect Mina Rashid’s character to continue evolving considerably over the next several years. Sirdhana feels genuinely settled and complete, while Seascape, Aurea, Ocean Cove, Marina Views, and Marina Place remain under active construction, with The Dubai Mall by the Sea and the full marina and yacht club infrastructure still to come.

Lifestyle Highlights:

The QE2 — the former Cunard ocean liner, permanently docked since 2008, now operating as a 13-deck floating hotel and heritage attraction with dining and interactive exhibitions
Rashid Yachts and Marina — a 430-berth marina designed for the world’s largest superyachts, giving the community a genuine, working yachting culture
Genuine Maritime Heritage — Dubai’s historic first commercial port, preserved and woven into the community’s design rather than erased by redevelopment
The Dubai Mall by the Sea (Planned) — Emaar’s planned extension of the Dubai Mall brand to Mina Rashid’s coastline, alongside a 1.26-hectare beach and Dubai’s longest swimming pool
Exceptional Airport Access — Dubai International Airport is just 12 to 15 minutes away, among the fastest airport connections of any Dubai waterfront community
Central, Well-Connected Location — Downtown Dubai, DIFC, and the historic Gold Souk are all within a 20-minute drive, giving residents genuinely central connectivity
Golden Visa Eligibility — properties from AED 2 million qualify for the UAE’s 10-year Golden Visa for investors and their families

Nearby Communities

Deira
Dubai’s historic trading district bordering Mina Rashid, home to the Gold Souk, Spice Souk, and a dense, characterful urban fabric reflecting the emirate’s pre-oil trading heritage.
Bur Dubai
The historic district across Dubai Creek from Deira, approximately 8 to 10 minutes from Mina Rashid, offering heritage architecture, museums, and a comparable blend of old and new Dubai.
Al Seef
The waterfront heritage and retail district along Dubai Creek, approximately 10 minutes away, offering a walkable promenade, dining, and boutique shopping in a similarly heritage-inspired setting.
DIFC
Dubai’s international financial centre, approximately 15 to 18 minutes away, home to the region’s leading banks, law firms, and a growing gallery and dining scene, and a major source of professional tenant demand for Mina Rashid.
Downtown Dubai
Home to the Burj Khalifa and Dubai Mall, approximately 15 to 20 minutes away, extending Mina Rashid’s retail, dining, and entertainment catchment considerably.
Business Bay
The commercial and residential district along the Dubai Canal, approximately 18 to 20 minutes away, offering further waterfront dining and a growing office and residential tower cluster.

Nearby Attractions

Landmarks and Culture:

The QE2 — the permanently docked former Cunard ocean liner, now a 13-deck floating hotel offering an interactive exhibition of its heritage from the 1960s
Dubai Gold Souk and Spice Souk — Dubai’s historic gold and spice trading district, approximately 5 to 10 minutes away
Al Seef — a waterfront heritage and retail promenade along Dubai Creek, approximately 10 minutes away

Nature and Outdoor:

Mina Rashid Beach (Planned) — a 1.26-hectare sandy beach planned as part of the community’s waterfront leisure offer
Waterfront Promenade — a scenic waterfront walkway connecting the community’s residential clusters and marina
Water Canal (Sirdhana) — a 500-metre water canal available to residents for swimming, with dedicated recreation areas

Sport and Entertainment:

Rashid Yachts and Marina — a 430-berth marina designed to accommodate the world’s largest superyachts, with a planned floating yacht club
Dubai’s Longest Swimming Pool (Planned) — planned as part of the masterplan’s waterfront leisure offer
QE2 Dining and Events — dining and entertainment aboard the permanently docked ocean liner

Shopping and Dining:

The Dubai Mall by the Sea (Planned) — Emaar’s planned waterfront extension of the Dubai Mall brand, bringing retail, dining, and leisure directly to Mina Rashid’s coastline.
Community Retail — retail outlets and dining already operating within the community’s delivered clusters.
Al Seef — one of Dubai’s most established waterfront dining and retail destinations, approximately 10 minutes away.

Families and Education

Mina Rashid’s family infrastructure remains an area to watch as the masterplan matures; while schools and recreational facilities are reported as part of the community’s rapidly developing infrastructure, families should currently plan around established schooling options in neighbouring Deira, Bur Dubai, and Downtown Dubai.

Schools and Nurseries:

Planned Schools and Nurseries — schools and recreational facilities are described as part of Mina Rashid’s rapidly developing infrastructure, with some sources citing approximately 10-minute proximity as the community matures
Nearby Schools (Current) — a broader range of British, American, and international curriculum schools are located within a 15 to 20-minute drive across Deira, Bur Dubai, and Downtown Dubai

Family Amenities:

Community Parks (Planned) — community parks are included within the masterplan’s recreational offer alongside the beach and swimming pool
Water Canal Recreation Areas — the water canal and its surrounding recreation areas give families in delivered clusters like Sirdhana genuine outdoor space today
QE2 Heritage Exhibition — the QE2’s interactive heritage exhibition offers families a genuinely distinctive, educational day-out experience within the community itself

The Property Market

What You’ll Find:

Mina Rashid’s property market spans a genuinely wide range as its various clusters deliver at different stages. Overall listings range from approximately AED 1.65 million to AED 24.5 million, with one-bedroom apartments from AED 1.65 million to AED 2.38 million (741 to 816 sq ft) and two-bedroom apartments from AED 2.87 million to AED 5 million (1,228 sq ft and above). Sirdhana, the community’s delivered cluster, offers the most accessible entry point, with resale and remaining inventory available from its original AED 974,888 to AED 999,888 launch pricing up to around AED 2.7 million for premium water-view two-bedroom units.

Average price per square foot across the community has grown substantially, from approximately AED 913 in 2021 to around AED 2,500 by late 2025 on area-level indices, though this masks real variation between buildings, view lines, and delivery stages. Reported gross rental yields most consistently sit in the 5% to 7.2% range, with one-bedroom units in Sirdhana specifically cited around 6.5% to 7.2%; higher short-term figures circulating in marketing material should be treated as scenario-specific rather than a safe baseline.

Market Insight:

Mina Rashid’s investment case rests on a combination that is difficult to replicate: Emaar’s proven execution quality, a working maritime heritage landmark in the QE2 that cannot be recreated elsewhere, and a central, historic location with among the fastest airport access of any Dubai waterfront community. Price per square foot more than doubling between 2021 and 2024, and continuing to climb into 2025 and 2026, reflects sustained investor confidence, though buyers should treat community-wide indices as directional rather than a precise guide to any individual building. As Seascape, Aurea, Ocean Cove, Marina Views, and Marina Place complete through 2026 to 2028, and The Dubai Mall by the Sea and full marina infrastructure come online, Mina Rashid’s investment case is expected to strengthen further as the masterplan’s full vision is realised.

Master Developer: Emaar Properties, in partnership with P&O Marinas (DP World)

Also Known As: Port Rashid; Rashid Yachts & Marina

Historic Significance: Dubai’s first commercial port, opened 1972

Total Investment: Approximately AED 25 billion (AED 25bn) / USD 6.8 billion

Total Area: Approximately 6.8 million square feet

Marina Capacity: 430 berths, accommodating the world’s largest superyachts

Ownership: 100% freehold; Golden Visa eligible from AED 2,000,000

Gross Rental Yields: Approximately 5% to 7.2%

Dubai International Airport: Approximately 12–15 minutes

Genuine Heritage Is a Structural Differentiator: Mina Rashid’s genuine maritime heritage, anchored by the permanently docked QE2, is a structurally unique asset that no newly reclaimed Dubai waterfront community can replicate, a durable point of differentiation for long-term value.
Sirdhana Currently Offers the Strongest Liquidity: Sirdhana’s status as the community’s only fully delivered, income-generating cluster gives it the strongest current liquidity and the longest DLD transaction history within Mina Rashid, a meaningful consideration for buyers prioritising near-term resale flexibility.
A Clear Pipeline of Future Catalysts Remains Ahead: Emaar’s continued phased delivery, alongside the still-to-come Dubai Mall by the Sea and full marina infrastructure, represents a clear, identifiable pipeline of future catalysts that should continue supporting capital appreciation as the masterplan matures.
Airport Proximity Supports Both End-User and Investor Demand: Mina Rashid’s exceptional airport access, among the fastest of any major Dubai waterfront community, is a genuine, durable advantage for both end-users who travel frequently and investors targeting the short-term and business-travel rental segment.

Living Tips

Know Which Clusters Are Ready and Which Are Still Under Construction: Sirdhana is the community’s only fully delivered cluster, offering immediate occupancy and rental income today, while Marina Views, Marina Place, Seascape, Aurea, and Ocean Cove remain under construction with completions through 2026 to 2028. Buyers should be clear on whether they want ready, income-generating stock or are comfortable with an off-plan timeline.
Pricing Varies Significantly by Cluster and Release Date: reported entry pricing varies considerably by source and cluster, from Sirdhana’s original AED 974,888 to AED 999,888 launch pricing up to Marina Views and Marina Place starting from AED 1,650,000 and AED 2,800,000 respectively. Always confirm current, unit-specific pricing for your chosen cluster.
Treat High Headline Yield Claims with Appropriate Caution: gross rental yields are most consistently reported in the 5% to 7.2% range for standard apartment stock, with one-bedroom units in Sirdhana specifically cited around 6.5% to 7.2%. Be cautious of higher yield figures (9 to 11%) circulating in some marketing material, which typically reflect specific short-term, peak-season scenarios rather than a safe baseline.
Branded Residences Suit Short-Term Rental Strategies: the Address Residences Mina Rashid offers the clearest structured short-term rental vehicle in the community, given its hotel management access, a genuine consideration for investors specifically targeting holiday-let income over long-term leasing.
Historical Price Growth Has Been Strong but Varies by Building: price per square foot has grown substantially, from roughly AED 913 in 2021 to over AED 2,500 by late 2025 on area-level indices, though this is a community-wide average that will not match every building, view line, or unit type. Request building-specific data before making investment decisions.
Buy the Unit, Not Just the Community Name: buyers should evaluate the specific unit, building, and cluster rather than simply the Mina Rashid name; view orientation (marina, canal, or open Gulf), floor level, and delivery stage all meaningfully affect both price and rental performance.

Why Mina Rashid with Vetra

Mina Rashid asks buyers to value something genuinely difficult to manufacture: real maritime heritage, embodied in a permanently docked ocean liner and the very port that built modern Dubai, paired with Emaar’s proven delivery quality and a location that keeps Downtown, DIFC, and the airport all within a 20-minute reach. It rewards buyers who take the time to distinguish between the community’s already-delivered, income-generating stock and its still-completing later phases.

The case is straightforward. A working port and heritage landmark that cannot be replicated elsewhere in Dubai. Emaar’s track record, the developer behind Downtown Dubai and Dubai Marina, now applied to a AED 25 billion waterfront transformation. Among the fastest airport connections of any major Dubai waterfront community, at just 12 to 15 minutes. And a masterplan still several years from full completion, offering genuine entry points across both delivered and off-plan stock.

At Vetra, we track Mina Rashid cluster by cluster. We know which units in Sirdhana offer the strongest immediate rental income, how Marina Views and Marina Place compare on value ahead of their 2026 to 2028 completions, and where the Address Residences’ branded, hotel-managed model fits within a broader short-term rental strategy. Whether you are an investor seeking ready, income-generating waterfront stock, a buyer drawn to Mina Rashid’s genuine maritime heritage, or someone planning ahead for the community’s full masterplan completion, Vetra brings the expertise and honest guidance to help you make the right decision in Mina Rashid.

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