Pier Residence Dubai Maritime City

Pier Residence is a 30-storey residential tower that LMD, through its development arm Continental Investments LMD, is building in Dubai Maritime City, the peninsula between Port Rashid and the Dubai Dry Docks. The architects are Arkiplan and J2 Design, and the facade is shaped to look like the crest of a wave. Portal pages count about 272 homes, one, two and three-bedroom apartments of about 615 to 2,007 sq ft.

The source listing prints no price. Portal and broker pages quote one-bedrooms from AED 1.4 M (about Rs 3.61 crore), and others from AED 1.6 M. The plan is printed as 60/40, and handover is Q2 2027 on most pages. It is not the Emaar tower Pier Point in Mina Rashid across the water; it is a separate building from a different developer.

At a glance

Price and unit pricing

We print AED 1.4 M because two of the most-cited portal pages give it as the one-bedroom start (USD 381K). Several broker pages quote AED 1.6 M (USD 436K) with the 60/40 plan, which is about 14% higher and probably a later release. The AED 900K figure comes from a developer-profile page and looks like an early launch price or an error; we would not rely on it. The AED 2.8 M figure applies to a larger unit.

Sizes run from about 615 sq ft for a one-bedroom to about 2,007 sq ft for the largest three-bedroom. No source prints a full price list by unit type, so we do not guess two and three-bedroom prices. Ask LMD for the current list with unit numbers and floors; the DLD transaction record for the tower settles what units have actually sold for.

Against Maritime City

A 2026 investor guide puts Maritime City apartments at AED 1,400 to 2,200 per sq ft, with one-bedrooms from about AED 1.1 M. At about AED 2,276 per sq ft, the AED 1.4 M one-bedroom here sits just above the top of that range, and the AED 1.6 M figure is well above it. You are paying for a new tower with a named architect, but you are not buying at a discount to the district.

Payment plan and total cost

The plan most pages print is 60/40: 60% during construction and 40% at handover, with a 10% booking amount on some pages. One broker page prints a different version: 20% on booking, 40% over five construction instalments, 5% at handover and 35% over 24 months after handover. Two plans in print usually means two releases; the SPA fixes the one you sign.

Worked example: a AED 1,400,000 one-bedroom on 60/40

On the post-handover version the same unit would be AED 280,000 on booking, AED 560,000 during construction, AED 70,000 at handover and AED 490,000 over the two years after it. That leaves more of the price for after you can rent the flat out. A broker adds 2% plus VAT, about AED 29,400 on this price.

Service charge. Not published for Pier Residence. Dubai apartment service charges average about AED 10 to 30 per sq ft a year on 2026 guides; on a 615 sq ft one-bedroom that is about AED 6,150 to 18,450 a year. A tower with an infinity pool, padel court and rooftop deck will not sit at the bottom of that range. Ask LMD for the budget before handover.

Location and connectivity

Dubai Maritime City is a man-made peninsula on the old side of the city, between Port Rashid and Mina Rashid on one side and the Dubai Dry Docks on the other. It connects to Sheikh Rashid Road and Al Mina Road, which puts Bur Dubai, Karama, Jumeirah 1 and the Dubai Creek area a short drive away. The developer's marketing gives Downtown Dubai as about 20 minutes, and Dubai International Airport (DXB) is typically 15 to 25 minutes by car outside peak hours.

There is no Dubai Metro station inside Maritime City; the nearest Green and Red Line stations are in Bur Dubai and Al Jafiliya, so most residents will drive or take a taxi. The district was an industrial and maritime zone for years and is only now turning residential, so expect building sites around you for several years.

Pier Residence is one of several towers here. Its neighbours on our site include Anwa Aria, a larger tower that starts at about AED 1.5 M, and LIV Maritime at about AED 1.71 M; Pier Residence is the smaller, single-tower option with the lower entry figure on paper. For Emaar's building across the harbour, see Pier Point in Mina Rashid, a separate project. For everything else, see all Dubai projects we track and the full projects list.

Amenities and specifications

The amenity list on the launch coverage and broker pages is a full one for a single tower: an infinity pool with sea views, a fully equipped gym, a jogging track, a yoga studio, a padel court, a rooftop deck, a children's play area, BBQ areas, landscaped gardens, lounges for adults and children, retail at the base, parking and CCTV.

Inside, the quoted fit-out is more specific than most: smart home controls, Scandinavian oak flooring, Italian marble, Villeroy & Boch sanitary ware, quartz kitchen counters and integrated appliances. Arkiplan and J2 Design are named as architects, and the wave-crest facade is the building's calling card.

The sources checked do not publish appliance brands, parking allocation per unit or ceiling heights. Ask for the finish schedule and floor plan with the unit number before you pay. Final specification as per the SPA.

About the developer

Continental Investments is the property development arm of LMD and was founded in 2011. Developer-profile pages list its Dubai work as Continental Tower and Marina Living in Dubai Marina, Rukan in Dubailand and Boutique XII on the Al Jaddaf Waterfront. It also builds outside the UAE, with 91 Muntaner in Barcelona and projects planned in Greece.

LMD launched Pier Residence with Devmark, a UAE sales and marketing consultancy, which is common for mid-sized developers releasing a single tower. That tells you the sales process is professional; it does not tell you how fast LMD builds. The sources checked give no delay record for LMD's earlier Dubai buildings, and one page listed a Q4 2026 handover that has already slipped. Ask for the handover dates LMD actually achieved on Marina Living and Boutique XII before you commit, and confirm the escrow account on the DLD's records.

For Indian buyers

Ownership. Dubai Maritime City is freehold for foreign buyers. During construction your purchase is registered as an Oqood record at the DLD; at handover the DLD issues the title deed in your name. The UAE has no annual property tax and no VAT on a residential sale; the government cost is the 4% DLD transfer fee, AED 56,000 on a AED 1.4 M one-bedroom.

Remittance. Under the Liberalised Remittance Scheme each person can send USD 250,000 per financial year. The one-bedroom with fees is about AED 1.46 M, roughly USD 398,000: more than one person's allowance, inside a couple's USD 500,000. On the 60/40 plan the 10% booking and the DLD fee come to about AED 200,000 at the start, so one person can fund the early stages and a second can join for the handover payment. TCS of 20% on remittances above Rs 10 lakh a year is adjusted against your income tax.

Golden Visa. The property route needs AED 2 million. A one-bedroom here does not reach it; a larger two or three-bedroom priced above AED 2 M would, on the title deed value.

Rent and tax. A 2026 guide puts Maritime City apartment gross yields at 6% to 7.5%, about AED 84,000 to 105,000 a year on AED 1.4 M, before service charges, management and vacancy. The UAE does not tax the rent; an Indian tax resident declares it in India, claims the 30% standard deduction and reports the flat as a foreign asset. Resale in a district with this much new supply may take time, so treat it as a five-year hold.

Pros

• A waterfront address between Port Rashid and the Dry Docks, close to Bur Dubai, Jumeirah and DXB
• A small, single-tower project of about 272 homes, with a padel court, infinity pool and rooftop deck
• The 60/40 plan leaves 40% until handover; one version stretches 35% over two years after handover
• Quoted fit-out names real materials: oak floors, Italian marble, Villeroy & Boch sanitary ware
• Maritime City apartment yields run 6% to 7.5% gross on a 2026 guide

Cons

• Four different starting prices in print - AED 900K, 1.4 M, 1.6 M and 2.8 M - so ask for the unit's own price
• At AED 1.4 M for about 615 sq ft, about AED 2,280 per sq ft, above the AED 1,400-2,200 range one guide gives for Maritime City
• Handover Q2 2027 while the tower was reported at early works; slippage is likely
• LMD is a mid-sized developer with no published delay record
• Maritime City has several towers from Danube, Sobha, Anwa and others finishing in the same years, so resale and rental supply will rise

Who this is for

• Buyers who want a waterfront one-bedroom close to old Dubai and DXB rather than in the Marina
• Investors comfortable with a smaller developer and a 60/40 plan
• Couples funding under USD 500,000 through the LRS
• Buyers who value a single boutique tower over a large master community

Who should look elsewhere

• Anyone who needs keys in 2027 for certain
• Golden Visa buyers on a one-bedroom budget: the entry unit is well under AED 2 M
• Buyers who want the cheapest foot in Maritime City; several neighbours start lower per sq ft
• Anyone who will not check the DLD project number and escrow before paying

Our verdict

Pier Residence is a single 30-storey tower from a mid-sized developer, sold on its Arkiplan wave facade and a waterfront address between Port Rashid and the Dry Docks. The most useful number is the AED 1.4 M one-bedroom start, but at about 615 sq ft it works out near AED 2,280 per sq ft, slightly above the AED 1,400-2,200 range one guide gives for Maritime City. The price trail is untidy: AED 900K, 1.4 M, 1.6 M and 2.8 M all appear, which usually means different releases and unit types rather than one list. The plan is buyer-friendly, and the post-handover version helps cash flow. The weak point is time: a Q2 2027 handover printed while the tower was at early works, from a developer without a public delay record.

Worth a look for a buyer who wants a boutique waterfront tower near old Dubai and is not in a hurry. Get LMD's own price list and the DLD project number, compare the per-foot rate with Anwa Aria and LIV Maritime next door, and plan around keys after 2027. For a Golden Visa or a firm 2027 handover, look elsewhere.

Talk to Realty Hunting for the current price list, the developer's latest payment plan and a site-visit plan.

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 Pier Residence?

Broker and portal pages quote one-bedrooms from AED 1.4 M (about Rs 3.61 crore), and others from AED 1.6 M. One developer-profile page gives a 57 sq m one-bedroom from AED 900K and one page quotes AED 2.8 M for a larger unit. The developer's current price list settles it.

What is the payment plan for Pier Residence?

Most pages print 60/40: 60% during construction and 40% at handover, with 10% on booking on some. One broker page prints 20% on booking, 40% during construction, 5% at handover and 35% over 24 months after handover. The SPA fixes the plan you sign.

When is handover for Pier Residence?

Q2 2027 on most pages and Q4 2026 on one, which has passed without handover. The tower was reported at an early construction stage, so allow for a later date and check progress on the Dubai REST app.

Who is the developer of Pier Residence?

LMD, through Continental Investments LMD L.L.C., founded in 2011. Its Dubai projects include Continental Tower and Marina Living in Dubai Marina, Rukan in Dubailand and Boutique XII in Al Jaddaf.

What is the service charge at Pier Residence?

Not published for this tower. Dubai apartment service charges average AED 10 to 30 per sq ft a year on 2026 guides, about AED 6,150 to 18,450 on a 615 sq ft one-bedroom.

What rent can a unit earn?

A 2026 guide puts Maritime City apartment gross yields at 6% to 7.5%. On AED 1.4 M that is about AED 84,000 to 105,000 a year before service charges and management.

Does Pier Residence qualify for the Golden Visa?

A one-bedroom at AED 1.4 M or 1.6 M does not; the property route needs AED 2 M. A larger two or three-bedroom priced above AED 2 M should.

Can an Indian buyer own a unit at Pier Residence?

Yes. Dubai Maritime City is a freehold area for foreign buyers. The money leaves India under the LRS, up to USD 250,000 per person per financial year, and the DLD issues the title deed in your name after handover.

Compare with other Dubai projects

Also in Dubai Maritime City: Danube Breez (from AED 1,400,000, handover 2029), Anwa Aria (from AED 1.5 M, handover 2026), Harbour Lights (from AED 1.58 M, handover 2027) and Danube Oceanz (from AED 1.1 M, handover 2027).

More by LMD: Marina Living (from AED 1,650,000, ready).

A similar budget elsewhere in Dubai: Arista One (from AED 1.4 M, ready), Binghatti Royale (from AED 1.4 M, ready) and Ellington House (from AED 1.4 M, ready).

Read next: Off-Plan Property in Dubai: How It Works · Dubai Property Payment Plans: 1% Monthly, Post-Handover and More · The Cost of Buying Property in Dubai. Every Dubai project we track is listed on the Dubai section.