Marina Place 1 Mina Rashid Dubai

Marina Place 1 is the first building of Emaar's Marina Place release at Rashid Yachts & Marina, the waterfront district being built at Mina Rashid in Bur Dubai. It holds one, two and three-bedroom apartments of about 802 to 2,100 sq ft, with three-bedroom townhouses of 2,652 to 2,660 sq ft in the wider release. One-bedroom apartments are quoted from AED 2,080,000 (about Rs 5.36 crore) on an 80/20 payment plan with a 10% booking, and handover is printed for Q4 2028.

Two things separate this from the rest of the district. The entry price clears the AED 2 million Golden Visa threshold on the smallest apartment, which is unusual and is the most useful fact on this page for an overseas buyer. And the building's size is disputed: 545 residences over 12 floors on one source, about 162 units on another. Both cannot be right, and the difference decides how many neighbours list their apartment the same month you do.

At a glance

Price and unit pricing

At about AED 2,594 per sq ft the entry apartment sits just under the district's quoted entry of roughly AED 2,900 and inside the AED 2,200 to 4,500 band launches here sold at from 2022 to 2025. The rate has moved fast — from about AED 913 per sq ft in 2021 to around AED 2,520 by December 2025 — so a 2028 handover at AED 2,594 is a bet the run continues, not a discount to it.

The comparison worth making is with Bayline in the same district, from AED 1.6 million at about AED 1,966 per sq ft with a 2027 handover. Marina Place 1 asks roughly 32% more per sq ft for a year longer wait, and no source explains why. The document that settles it is Emaar's current price list for both buildings side by side — ask for them together.

Payment plan and total cost

80/20: 10% on booking, 80% in construction instalments, 20% at handover. The booking sits inside the 80%, so read it as 80% before the keys and 20% on them. Worked on the AED 2,080,000 entry apartment:

With a Q4 2028 handover the 70% construction slice spreads over roughly three years — near AED 40,000 a month if even. It will not be: Emaar ties instalments to construction milestones, so ask for the schedule in writing, because a milestone plan can put two payments in one quarter.

Service charges are the unpublished number here too. No rate has been released for Rashid Yachts & Marina. Comparable Emaar waterfront schemes are guided at AED 18 to 25 per sq ft a year, and one analysis of this district suggests AED 20 to 30 because of the marina infrastructure — roughly AED 14,400 to 24,100 a year on an 802 sq ft apartment, before utilities.

Location and connectivity

Rashid Yachts & Marina is Emaar's redevelopment of Port Rashid on the creek side of Bur Dubai, built with P&O Marinas: about 6.8 million sq ft, a 4 km waterfront promenade and a 430-berth marina able to take superyachts, with hotels, retail and restaurants alongside.

Its position is the argument. Guides put DIFC at about 8 minutes, Downtown at 12 and Dubai International Airport at 15, closer to the working city than Dubai Marina, Emaar Beachfront or Dubai Creek Harbour. The cost is a district that stays a building site for years: a Q4 2028 handover arrives into a neighbourhood still filling in.

The earlier Emaar release in the same district is Bayline, handing over in 2027 from AED 1.6 million. Everything we track in the emirate is listed on all Dubai projects, and the wider list across our markets is on the projects page.

Amenities and specifications

Marina Place is a marina-facing release of apartments and townhouses inside Emaar's master plan, whose shared facilities are the promenade, the marina, retail and dining. Building amenities in an Emaar block of this grade normally include a pool, gym, podium gardens, play space and covered parking — the segment standard, not a published list for this building.

Not published in the sources checked: the amenity schedule for Marina Place 1 itself, the fit-out and appliance specification, parking allocation, the split between apartments and townhouses, the service-charge budget or the escrow bank. Final specification as per the sale and purchase agreement.

About the developer

Emaar Properties, developing here through Mina Rashid Properties, is Dubai's largest developer and the builder of Downtown Dubai, Dubai Marina, Dubai Hills Estate and Emaar Beachfront. Published figures put it at more than 129,100 residential units delivered globally since 2002, with a separate count of 186 projects and 68,900 units and about 47,326 under construction; the two cover different scopes and should not be added.

On timing, one analysis puts about 80% of Emaar projects within six months of the stated handover date, against a market average nearer 55% to 60%, and its reported revenue backlog of AED 163.4 billion as of 31 March 2026 is why its buildings finish. For a purchase completing in late 2028, that balance-sheet depth is most of what the premium buys.

For Indian buyers

Ownership. Mina Rashid is freehold and open to every nationality, resident or not, with the title deed issued by the Dubai Land Department in your own name. The UAE charges no annual property tax and a residential sale does not attract VAT, so the government cost is the 4% DLD transfer fee — AED 83,200 here — plus Oqood and admin fees.

Golden Visa. This is the standout. At AED 2,080,000 the smallest apartment clears the AED 2 million property threshold with AED 80,000 to spare, so a one-bedroom here qualifies where a one-bedroom in most of the district does not. Confirm with the Dubai Land Department how the threshold is assessed for an off-plan purchase and at what stage of payment the application can be made, because the rules have changed before.

Remittance. The Liberalised Remittance Scheme allows USD 250,000 per person per financial year. AED 2,080,000 is about USD 566,000, so even a couple remitting USD 500,000 in a year spills into a second. The plan handles it: the booking is about USD 57,000 and instalments run to late 2028 — three years of allowance for one person, comfortable for two.

Yield and exit. The district has barely begun letting, so estimates diverge: 6.5% to 8% gross projected once the marina is operational, 7% to 9% claimed by some agents, and a cautious 4% to 5% at first handover, in line with Dubai Harbour. Plan on the cautious figure and subtract AED 18 to 30 per sq ft of service charge. For a 2028 handover the honest framing is capital growth plus the visa, with rent a secondary return. An Emaar waterfront title is liquid on exit, but if the building really holds 545 apartments you are one of many sellers. Rent and capital gains are taxable in India for an Indian tax resident, with credit for UAE tax that is nil in practice.

Pros

• The AED 2,080,000 entry apartment clears the AED 2 M Golden Visa threshold — rare at one-bedroom level
• Emaar, with a reported 80% of projects handed over within six months of the stated date
• An AED 163.4 billion revenue backlog reported as of 31 March 2026, which is why its buildings finish
• About 8 minutes to DIFC, 12 to Downtown, 15 to the airport — closer in than Dubai Marina
• AED 2,594 per sq ft sits under the district's quoted entry of about AED 2,900
• Only 20% falls due at handover, with the construction slice spread over roughly three years
• A 4 km promenade and a 430-berth superyacht marina inside a 6.8 million sq ft master plan

Cons

• Sources disagree on the building's size: 545 residences over 12 floors on one, about 162 units on another
• About 32% more per sq ft than Bayline in the same district, for a handover a year later, with no published explanation
• Handover is Q4 2028 — more than two years of construction risk and price risk
• No service charge published; estimates run AED 18 to 30 per sq ft, or AED 14,400 to 24,100 a year here
• Yield estimates for the district range from 4% to 9%, which means nobody knows yet
• Prices for the two and three-bedroom apartments and the townhouses are not published
• No source prints the DLD project number, the escrow bank or a construction-progress figure

Who this is for

• Buyers who want a Golden Visa from the smallest unit in the building rather than a step up
• End users who want an Emaar waterfront home 8 to 12 minutes from DIFC and Downtown
• Investors with a five-year horizon buying the district's build-out
• Buyers who prefer paying over three years to a compressed two-year plan

Who should look elsewhere

• Yield-first investors — 4% to 5% at first handover is the honest planning figure
• Buyers who want the same address sooner or cheaper — Bayline hands over in 2027
• Anyone who cannot absorb a service charge of AED 18 to 30 per sq ft a year
• Buyers who need certainty about how many apartments are in the building before committing

Our verdict

Marina Place 1 is the Golden Visa entry point of Rashid Yachts & Marina. At AED 2,080,000 the smallest apartment clears the AED 2 million threshold on its own, which is worth real money to an overseas buyer and is the clearest reason to pick it over cheaper stock nearby. The address is well placed — eight minutes to DIFC beats almost every waterfront community in Dubai — and Emaar's balance sheet makes a 2028 completion about as safe as an off-plan bet gets. Unsettled: a price gap of roughly 32% per sq ft over Bayline a few hundred metres away for a handover a year later, with nothing published to justify it, and a unit count two sources put at 545 and about 162. Ask for both price lists together, get the unit count in writing, and treat rent as the third reason to buy.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What is the price of Marina Place 1?

One-bedroom apartments are quoted from AED 2,080,000, about Rs 5.36 crore or USD 566,000. At 802 sq ft that is roughly AED 2,594 per sq ft. Prices for the two and three-bedroom apartments and the three-bedroom townhouses are not published, so ask Emaar for the full price list by unit type.

What is the payment plan?

An 80/20 plan with a 10% booking: 80% falls due through construction, 20% at handover. On AED 2,080,000 that is AED 208,000 at booking, about AED 1,456,000 through construction and AED 416,000 at the keys, plus AED 83,200 of DLD fee. Instalments follow milestones, so ask for the schedule in writing.

When is the handover?

Q4 2028, printed as December 2028 by one source. No construction-progress percentage is published for this building. Get the completion date written into the sale and purchase agreement and track progress on the Dubai REST app.

How many apartments are in Marina Place 1?

Sources disagree. One describes 545 residences across a 12-floor building; another estimates about 162 units, and notes the 545 figure belongs to Marina Views, a separate Emaar building in the same district. Get the unit count and building name written into the contract.

Does it qualify for a Golden Visa?

Yes, at the entry price. The threshold is AED 2 million of property and the smallest apartment is quoted at AED 2,080,000. Confirm with the Dubai Land Department how the threshold is assessed on an off-plan purchase and at what payment stage you can apply, because those rules have changed before.

How does it compare with Bayline in the same district?

Bayline is from AED 1.6 million at about AED 1,966 per sq ft with a 2027 handover; Marina Place 1 from AED 2,080,000 at about AED 2,594 per sq ft with a Q4 2028 handover — roughly 32% more per sq ft for a year longer wait, unexplained by any source. Ask Emaar for both price lists together.

What are the service charges?

No figure has been published for Rashid Yachts & Marina. Comparable Emaar waterfront developments are guided at AED 18 to 25 per sq ft a year, and one analysis of this district suggests AED 20 to 30 because of the marina infrastructure. On an 802 sq ft apartment that is roughly AED 14,400 to 24,100 a year before utilities.

What rental yield can I expect?

Estimates range from 4% to 9%. A cautious view puts apartment stock at 4% to 5% gross at first handover, in line with Dubai Harbour; more optimistic guides project 6.5% to 8% once the marina is operational. With a 2028 handover, treat rent as a secondary return behind capital growth and the visa.

Can an overseas buyer own here?

Yes. Mina Rashid is freehold and open to every nationality, resident or not, with the title deed issued by the Dubai Land Department in your own name. An Indian resident remits under the Liberalised Remittance Scheme at USD 250,000 per person per financial year; at about USD 566,000 the purchase needs three allowances for one person, or two people across two financial years, which the three-year plan accommodates.

Want Emaar's Marina Place 1 price list by unit type, the milestone payment schedule, the unit count in writing and a side-by-side with Bayline? Ask Realty Hunting and we will send them.

Compare with other Dubai projects

Also in Mina Rashid: Marina Place 2 (from AED 2,080,000, handover 2028), Sera By Emaar (from AED 2.1 M, handover 2029), Pier Point (from AED 1,930,000, handover 2028) and Marina Views (from AED 1,650,000, handover 2028). See every Dubai Marina project with prices and handover dates.

More by Emaar: Emaar BLVD Heights (from AED 2.09 M, ready), Emaar Creek Rise (from AED 2,100,000, ready) and St. Regis Residences (from AED 2.1 M, handover 2026).

A similar budget elsewhere in Dubai: Mansory Residences (from AED 2.1 M, handover 2028), Nakheel The Palm Tower (from AED 2.1 M, ready) and Samana Ocean Bay (from AED 2,100,000, handover 2028).

Read next: Emaar Projects in Dubai: Every Project, Price and Handover Date · Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Dubai Golden Visa Through Property. Every Dubai project we track is listed on the Dubai section.