Rashid Yachts & Marina Area Guide: Spotlight on Fior 1 Waterfront Living
An in-depth guide to Rashid Yachts & Marina (Mina Rashid), spotlighting Fior 1 by Emaar. Review 1-3BR apartments starting at AED 2.2M, payment plans, yields, and area market stats.
Key Takeaways
- Fior 1 is an off-plan waterfront development at Rashid Yachts & Marina developed by Emaar Properties and P&O Marinas, targeting completion in Q3 2030.
- The project features 1, 2, and 3-bedroom configurations with starting prices ranging from AED 2.2 Million to AED 5.5 Million.
- Fior 1 offers a flexible 10/70/20 payment plan, requiring a 10% down payment on booking, 70% during construction, and 20% on handover.
- Mina Rashid demonstrated strong market liquidity with 781 transactions over the trailing 12 months, and average prices per square foot rising by nearly 40% since 2022.
The Transformation of Port Rashid: Old Dubai's Luxury Riviera
Port Rashid, originally inaugurated in 1972 as Dubai's first deep-water commercial port, served as the primary engine for the city's early global maritime trade. Today, this historic port is undergoing one of the most ambitious urban transformations in the Middle East. Through a monumental AED 25 billion joint venture between Emaar Properties and P&O Marinas, the district is being reborn as Rashid Yachts & Marina (officially registered as Mina Rashid under the Dubai Land Department). This master-planned coastal community bridges the heritage of "Old Dubai"—nestled strategically between Bur Dubai and Deira—with a contemporary, low-density waterfront lifestyle.
For buyers searching for a premium Mina Rashid property Fior 1 or looking generally for Rashid Yachts and Marina apartments, the area presents a rare value proposition. Unlike newer, highly saturated coastal districts like Dubai Marina or Jumeirah Beach Residence, Rashid Yachts & Marina focuses on mid-rise, Mediterranean-inspired architecture, spacious public parks, and elite maritime facilities. The development provides an authentic coastal environment that honors its commercial heritage while offering the absolute peak of modern waterfront luxury.
World-Class Maritime Infrastructure and Amenities
At the core of the Rashid Yachts & Marina community is its world-class yachting infrastructure, designed to rival the most exclusive harbors of the Mediterranean, such as Monaco or Port Cervo. The master plan features a state-of-the-art superyacht marina with 430 wet berths, capable of accommodating yachts and mega-yachts up to 100 meters in length. This facility is complemented by a floating yacht club, activating the waterfront as a vibrant social and recreational hub.
Beyond its yachting amenities, the community offers residents access to a lifestyle defined by leisure and wellness:
- The Venetian Canal Pool: A defining architectural feature of the district is the spectacular 500-meter-long canal pool. As one of the longest swimmable canal pools in the region, it runs parallel to the residential blocks, offering a resort-style swimming experience right at the residents' doorsteps.
- QE2 Floating Hotel: The historic ocean liner Queen Elizabeth 2 (QE2) is permanently docked at the marina, serving as a unique floating hotel, museum, and dining venue that anchors the district's historical significance.
- Waterfront Promenades: Miles of pedestrian-friendly boardwalks lined with boutique retail shops, gourmet dining, and outdoor cafes activate the shoreline, ensuring a vibrant street-level experience for residents and visitors alike.
Spotlight on Fior 1 by Emaar: Elite Waterfront Living
Within this visionary master community, Emaar has launched Fior 1 by Emaar (Project ID: 11731, located in Mina Rashid, Area ID 53). Fior 1 is designed as a luxury waterfront residential enclave offering a collection of premium one, two, and three-bedroom apartments. The architecture focuses on clean modern lines, floor-to-ceiling windows to optimize views of the marina, Arabian Gulf, and Dubai skyline, and spacious balconies that encourage indoor-outdoor living.
Project Pricing and Configurations
Fior 1 caters to a variety of buyer profiles, from single professionals and executive couples to larger families seeking a coastal retreat. The unit configurations and pricing are structured as follows:
- 1-Bedroom Apartments: Serving as a highly liquid entry point for investors targeting rental yields.
- 2-Bedroom Apartments: Offering generous living layouts, highly popular with young families and professionals.
- 3-Bedroom Apartments: Premium, corner-oriented residences designed for spacious family living.
- Starting Prices: Residences at Fior 1 are priced between AED 2,200,000 and AED 5,500,000, representing exceptional value for Emaar-branded waterfront property.
- Completion Target: The project has a clearly defined completion target of Q3 2030.
The 10/70/20 Investor Payment Plan
To support capital acquisition and provide financial flexibility, Emaar has structured a balanced payment plan for Fior 1:
- 10% Down Payment: Due upon booking.
- 70% Construction Phase: Spread across key construction milestones during the building process.
- 20% Handover Payment: Due upon final project completion in Q3 2030.
This payment structure minimizes initial capital requirements, allowing investors to benefit from capital appreciation during the construction cycle.
Market Dynamics: Transactions and Yield Performance
Analyzing the investment viability of a Mina Rashid property Fior 1 requires examining real transactional data from the Dubai Land Department (DLD). According to official records, Mina Rashid has witnessed strong transaction velocity, recording 781 sales transactions over the trailing 12 months. This liquidity demonstrates strong, sustained demand for off-plan assets in the district.
Value Appreciation and Scarcity
The district has experienced remarkable capital growth in recent years. The average price per square foot for residential units in the area surged from AED 1,656 in 2022 to approximately AED 2,321 in late 2024 and early 2025. This represents a substantial value appreciation of nearly 40% over a two-year period.
The primary driver of this appreciation is the absolute scarcity of waterfront land in Dubai. Because there is a finite amount of coastline available for residential development—especially within close proximity to Dubai's historic trade centers and DXB airport—waterfront assets historically command a premium and show superior price resilience during market cycles.
Yield Outlook: Gross vs. Net
For yield-focused investors, the luxury waterfront segment in Rashid Yachts & Marina offers promising returns:
- Gross Rental Yields: Currently range from 4% to 7% for comparable luxury apartments in the waterfront corridor.
- Net Rental Yields: When calculating net returns, investors must factor in the marina-community service charges, which cover the maintenance of common areas, security, landscaping, and the canal pool.
- First Handover Catalyst: The upcoming Summer 2025 completion and handover of the community's first major residential phase (the Sirdhana project) will serve as a critical secondary market catalyst. When the community transitions from a pure construction site to an active, lived-in neighborhood, localized secondary prices and rental baselines are expected to establish themselves firmly, validating the early-entry pricing of off-plan launches like Fior 1.
Strategic Location and Connectivity
One of the most compelling aspects of Rashid Yachts & Marina is its strategic location. Residents enjoy a tranquil coastal setting without sacrificing urban connectivity:
- Proximity to Historic Hubs: The community is situated adjacent to Bur Dubai and Deira, providing immediate access to Dubai's authentic cultural neighborhoods, traditional souks, and heritage sites.
- Commute Times: It takes approximately 15 minutes to reach Dubai International Airport (DXB), making it ideal for frequent travelers. Furthermore, planned road infrastructure improvements are designed to connect the community directly to Downtown Dubai and the Burj Khalifa district in under 10 minutes.
- Secluded yet Connected: The community's peninsula layout keeps it free from through-traffic, offering a peaceful sanctuary that remains seamlessly integrated with the city's key commercial centers.
Conclusion: A Blue-Chip Coastal Asset
Fior 1 by Emaar offers a premium entry point into one of Dubai's most significant coastal transformations. Backed by solid market metrics—including a 40% increase in area pricing since 2022 and 781 transactions in the last 12 months—Rashid Yachts & Marina has established itself as a premier destination for long-term investors.
With its combination of Emaar’s signature build quality, a flexible 10/70/20 payment plan, and world-class marina infrastructure, Fior 1 is a compelling option for those looking to secure a high-performing real estate asset. As the first major handovers begin in Summer 2025, the window for securing early-phase off-plan pricing is steadily narrowing, reinforcing the strategic value of early commitments in this historic riviera.