Marina Place

TL;DR: Marina Place is a premium off-plan waterfront residential development by Emaar Properties at Rashid Yachts & Marina (Mina Rashid), Dubai, offering 1-, 2-, and 3-bedroom freehold apartments and 3-bedroom townhouses ranging from 799 to 2,660 sq ft with Q4 2027 handover. Starting from AED 2.08 million for 1-bedroom units, Marina Place delivers Riviera-inspired coastal living with infinity pool, gym, kids' play areas, and landscaped waterfront gardens — backed by a flexible post-handover payment plan and the irreplaceable proximity to the superyacht marina, historic Port Rashid, and Dubai's cultural heritage districts of Bur Dubai and Deira.

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Overview

Marina Place is Emaar Properties' flagship residential offering within the Rashid Yachts & Marina masterplan — the ambitious redevelopment of Dubai's historic Port Rashid (Mina Rashid) into a world-class superyacht marina and coastal lifestyle destination. Launched in Q4 2024 with a Q4 2027 target handover, Marina Place brings Emaar's signature design quality to one of Dubai's most historically significant coastal locations: a port that once served as the gateway for the city's early trading economy, now reborn as a Mediterranean-inspired waterfront community.

The project offers a diverse residential portfolio of 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, and 3-bedroom townhouses, spanning from 799 sq ft to 2,660 sq ft and priced from AED 2.08 million for 1-bedrooms through to AED 4.3 million for 3-bedroom residences. The total development is positioned as Emaar's answer to the global demand for premium marina-front lifestyle living — combining the developer's renowned design and build quality with the unique character of the Port Rashid maritime heritage.

Marina Place is registered as freehold title, enabling international buyers from any nationality to own property outright with DLD-registered title. Units priced at AED 2 million and above qualify purchasers for the UAE's 10-year Golden Visa residency program.

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Location & Connectivity

Marina Place occupies a genuinely unique locational position in Dubai's residential geography. Unlike most Dubai waterfront developments that sit on artificial islands (Palm Jumeirah) or reclaimed coastlines (JBR/Dubai Marina), Rashid Yachts & Marina is built on the site of one of the oldest functioning maritime facilities in the Gulf — giving it authentic nautical character and historical depth that money simply cannot manufacture in a greenfield site.

Distances from Marina Place, Mina Rashid:

• Historic Bur Dubai Waterfront (Creek): ~5 km (8–10 minutes)
• Deira Old Souk (Gold Souk, Spice Souk): ~8 km (12–15 minutes)
• Business Bay / Downtown Dubai: ~15 km (15–20 minutes)
• Dubai International Airport (DXB): ~15–18 km (15–20 minutes)
• Burj Khalifa / Dubai Mall: ~16 km (20 minutes)
• DIFC: ~12 km (15 minutes)
• Dubai Frame: ~8 km (10 minutes)
• Dubai Creek Harbour: ~12 km (15 minutes)
• Dubai Marina: ~30 km (30–35 minutes)
• Abu Dhabi: ~150 km (~90 minutes via E11)

The Mina Rashid location is proximate to Dubai's historic city core in a way that newer developments on the Palm or in Dubai South are not — residents have direct access to the city's original cultural DNA in Deira and Bur Dubai while being within 20 minutes of the modern CBD.

Sheikh Zayed Road and Financial Centre Road provide efficient expressway access to both sides of the city, while the upcoming expansion of Dubai's Metro network is anticipated to enhance public transit connectivity to the area over the medium term.

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Architecture & Unit Design

Marina Place's architecture draws from the Mediterranean marina town typology — the same visual language as Monaco's Port Hercule, Portofino, and other iconic superyacht harbors — expressed through Emaar's contemporary Gulf-adapted design vocabulary.

Architectural Features:

• Mid-rise residential towers with clean contemporary lines
• Expansive glass facades and floor-to-ceiling windows maximizing marina and sea views
• High ceilings creating a spacious, airy interior atmosphere
• Open floor plans with seamless living-dining-kitchen integration
• Generous balconies and terraces with direct marina or waterfront outlook
• Landscaped podium connecting residential towers to community amenities

Unit Portfolio:

| Unit Type | Size Range | Starting Price | |---|---|---| | 1-Bedroom Apartment | 799–1,100 sq ft | AED 2,080,000 | | 2-Bedroom Apartment | 1,200–1,800 sq ft | AED 3,080,000 | | 3-Bedroom Apartment | 1,800–2,300 sq ft | AED 4,300,000 | | 3-Bedroom Townhouse | 2,300–2,660 sq ft | Price on application |

Interior Finishes (Emaar Standard):

• High-quality fitted kitchens with European-specification appliances
• Premium bathroom fittings and sanitaryware
• Wood-effect and stone-effect flooring in living areas
• Built-in wardrobes in all bedrooms
• Central air conditioning
• Smart home pre-wiring
• Covered parking allocation

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Payment Plan

Marina Place offers a post-handover payment plan designed to minimize cash outlay during the construction period and align major payments with property completion and income generation:

| Milestone | Payment | Cumulative | |---|---|---| | Down Payment (Booking) | 5% | 5% | | During Construction | 55% (installments) | 60% | | Post-Handover | 40% | 100% |

The 5/55/40 post-handover structure is one of Emaar's most competitive payment frameworks. The 40% post-handover balance can be spread over a defined period following key handover, enabling buyers to potentially offset post-handover payments against rental income — effectively allowing the property to partially fund its own acquisition. For mortgage buyers, the post-handover balance can also be refinanced into a conventional UAE home loan at handover.

Total cash required before handover: 60% of purchase price (5% booking + 55% installments)

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Amenities & Facilities

Within Marina Place:

• Infinity pool with marina views
• State-of-the-art gymnasium
• Dedicated kids' play areas
• Multipurpose community rooms for events and gatherings
• Landscaped podium gardens with yoga platforms
• BBQ and outdoor dining areas
• 24-hour security
• CCTV surveillance throughout
• Central air conditioning
• Covered parking

Rashid Yachts & Marina Community Amenities:

• Superyacht marina — berthing for vessels up to 200+ metres with full marina services
• Marina promenade with waterfront dining and retail
• Beach club and aquatic leisure
• Community parks and cycling infrastructure
• Fine dining and casual F&B along the marina boardwalk
• The Queen Elizabeth 2 (QE2) floating hotel — permanently docked heritage vessel within the marina

Historic Neighborhood Proximity:

• Traditional Dhow Wharfage (active creek dhow harbor) visible from community waterways
• Deira Souks (Gold, Spice, Textile) — authentic market experiences unique to historic Dubai
• Bur Dubai cultural district (Al Fahidi Historical Neighbourhood, Dubai Museum, Textile Souk)
• Al Seef waterfront promenade (heritage retail and F&B district)

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Investment Analysis

Marina Place represents an early-stage investment in one of Dubai's most ambitious waterfront regeneration projects — the transformation of the functional industrial port of Mina Rashid into a global superyacht destination.

Rental Market Benchmarks (Mina Rashid vicinity, 2024–2025):

• 1-Bedroom waterfront: AED 100,000–140,000 per year
• 2-Bedroom waterfront: AED 150,000–200,000 per year
• 3-Bedroom waterfront: AED 200,000–280,000 per year

Gross Rental Yield:

• On AED 2.08M 1BR: approximately 5–6.7% gross yield
• On AED 3.08M 2BR: approximately 4.8–6.5% gross yield
• Waterfront Emaar projects historically trade at lower yields than sub-AED 1M products but command consistent capital appreciation

Capital Appreciation:

• Rashid Yachts & Marina is in active development — buying at Q4 2024 launch pricing captures the pre-completion appreciation cycle
• Port Rashid's transformation from industrial port to premium marina is a multi-decade urbanization story, with values expected to appreciate substantially as the masterplan completes
• Emaar's track record in Dubai Creek Harbour, Emaar Beachfront, and Dubai Marina demonstrates the developer's ability to create premium pricing environments

Airport Proximity Premium:

• Mina Rashid's proximity to Dubai International Airport (~15–18 km, 15–20 minutes) is a significant premium driver for corporate tenant demand — executives, consultants, and professionals who fly frequently strongly prefer short airport commutes

UAE Golden Visa:

• All Marina Place 1BR, 2BR, 3BR, and townhouse units at AED 2M+ qualify for the 10-year Golden Visa

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Why Marina Place Stands Out

1. Superyacht Marina Address. Rashid Yachts & Marina is designed around one of the world's premier superyacht berthing facilities — an address with global recognition among ultra-high-net-worth individuals and the international yachting community, creating a distinctive premium positioning.

2. QE2 as Permanent Landmark. The historic RMS Queen Elizabeth 2 ocean liner is permanently berthed at Mina Rashid as a floating heritage hotel and dining destination. Having a world-famous heritage vessel as your immediate neighbor creates unique community identity and tourist appeal.

3. Historic Authenticity. Unlike manufactured waterfront developments built on sand dredge, Mina Rashid has 60+ years of maritime history. That authenticity cannot be manufactured and creates a depth of character that many Dubai developments lack.

4. Emaar Developer Confidence. Emaar Properties is Dubai's largest developer and the creator of Downtown Dubai, Dubai Marina, Emaar Beachfront, and Dubai Creek Harbour. Buying off-plan from Emaar carries a level of institutional confidence that smaller developers cannot match.

5. Airport + Downtown Sweet Spot. Marina Place's location equidistant between Dubai International Airport (20 min) and Downtown Dubai (20 min) places it in a commuting sweet spot for the city's high-earning professional and executive demographic.

6. Post-Handover Plan = Rental Income Offset. The 40% post-handover structure means buyers can potentially use tenant rental income to service post-handover installments — a particularly attractive structure for buy-to-let investors who want the asset earning from day one of handover.

7. Mediterranean Marina Typology. Dubai has Dubai Marina (high-rise canal), Palm Jumeirah (artificial island), and now Rashid Yachts & Marina (authentic working harbor) as its three premium waterfront addresses. Marina Place enters a category with no direct comparable and limited long-term supply.

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Summary

Marina Place by Emaar Properties at Rashid Yachts & Marina (Mina Rashid), Dubai, is a premium off-plan freehold waterfront residential development offering 1-bedroom apartments from AED 2.08 million, 2-bedrooms from AED 3.08 million, and 3-bedrooms from AED 4.3 million, with units spanning 799–2,660 sq ft and Q4 2027 handover. A 5/55/40 post-handover payment plan requires just 5% down, with 40% deferred to post-handover delivery. Infinity pool, gym, yoga platforms, landscaped gardens, and BBQ areas sit within the broader Rashid Yachts & Marina superyacht community, while the QE2, Bur Dubai's cultural heritage, Dubai International Airport (20 min), and Downtown Dubai (20 min) make this one of the most strategically positioned off-plan addresses in the 2024–2027 Dubai market.