Rashid Yachts & Marina

Rashid Yachts & Marina (marketed as Mina Rashid) is a large master-planned waterfront community by Emaar Properties, developed in partnership with P&O Marinas on the site of Dubai's historic Port Rashid in Bur Dubai. The plan converts the old port into a luxury superyacht destination spanning several million square feet, with seven mixed-use districts, a full-service marina of 430+ wet berths (capable of hosting superyachts up to 100m), a private beach, the city's longest swimmable canal pool (500m) and the iconic Queen Elizabeth 2 ocean liner reborn as a 13-deck hotel. It is one of the most prominent regeneration projects in old Dubai.

Yes — fully and legally. Rashid Yachts & Marina is a designated freehold community, so foreign investors can own both the apartment and the land outright, with no time limit and full rights to sell, rent and bequeath. This is a notable point: while much of the surrounding old city (parts of Bur Dubai and Deira) is restricted to UAE/GCC nationals, Emaar's Mina Rashid masterplan is freehold and open to all nationalities. Registration is completed at the Dubai Land Department (DLD).

Market analysts project gross rental yields of 6.5–8% on 1–2 bedroom apartments once the community is operational, with larger units and penthouses closer to 5.5–7%. That is broadly in line with the wider Dubai average (~6.8%) and competitive with established waterfront markets. Important caveat: the district is still under construction, so these are projected — not realised — yields. Rental income only begins at handover, and yields are expected to firm up as the marina, beach, retail promenade and QE2 hub come fully online.

On Palmera, the 5 current Emaar projects in Rashid Yachts & Marina start from AED 2.1M, with a median around AED 2.13M and a top listing near AED 2.31M — these are real, current listing figures. Across the wider district, off-plan one-bedroom units have launched from roughly AED 1.6M, with premium three-bedroom waterfront units and penthouses reaching AED 4.5–9M+. Pricing varies sharply by tower, floor and whether the unit faces the marina or canal.

Emaar Properties is the master developer of the entire community — the same developer behind Downtown Dubai, Dubai Marina, Dubai Hills Estate and the Burj Khalifa. All five projects currently on Palmera in this area are Emaar developments (including Marina Place, Fior, Aurea and Sera). Emaar is delivering the masterplan in phases in partnership with P&O Marinas, which operates the superyacht berths.

Both are full-service marina communities, but they target different moments. Dubai Marina is a mature, fully-built district with deep rental demand, immediate income and a large secondary market. Rashid Yachts & Marina is a brand-new, early-phase Emaar masterplan — you buy ahead of completion, typically 20–35% below comparable completed waterfront stock, with capital-appreciation upside as the marina, beach and QE2 hub mature. The trade-off: no income until handover and the normal off-plan execution risk. Rashid also adds genuine superyacht berths (up to 100m) and a 500m swimmable canal that Dubai Marina does not have.

Emaar is delivering the community in phases. Early towers are handing over progressively, with broader phase completions expected around 2027–2028 and the full master-plan build-out (marina, retail, beach and all districts) anticipated between 2028 and 2030. Because it is phased, some buildings reach handover well before the surrounding amenities are fully open — worth confirming the specific tower's handover date before purchase.

Yes, if your purchase meets the threshold. A property worth AED 2M+ grants a 10-year Golden Visa (renewable, including spouse and children, no sponsor required). Since entry on Palmera here starts from AED 2.1M, most listings clear the threshold. A purchase between AED 750K and 2M grants a renewable 2-year residency visa. The visa is valid even on a payment plan as long as the property's value is AED 2M+. There is no active-residency requirement — a single visit every 180 days keeps it valid.

No — the UAE has no annual property tax, no rental-income tax and no capital-gains tax. The costs are a one-time 4% DLD purchase fee at registration, and annual service charges to the owners' association — estimated at roughly AED 18–25 per sqft per year for standard towers here, with branded residences and penthouses running higher (these are RERA-approved annual budgets and vary by building). Investors should confirm their own reporting obligations under the tax rules of their country of residence.

Yes — its old-Dubai position is unusually central. It sits roughly 8 minutes from DIFC, 12 minutes from Downtown Dubai and 15 minutes from DXB International Airport, with Sheikh Zayed Road about 10 minutes away. The nearest metro is Al Ghubaiba (Green Line), a short drive from the community, and the masterplan adds internal marina mobility and water connections. Being close to both the financial core and the historic creek districts is one of the area's distinctive selling points.

The principal risks are standard for an early-phase masterplan: handover timing (phased delivery means amenities can lag the buildings), no rental income until completion, and the possibility of supply coming online in waves as Emaar releases new towers. These are mitigated by Dubai's RERA escrow law (payments are held in a trust account and released against verified construction milestones), Emaar's strong delivery track record, and the DLD's transparent registration system. As with any off-plan purchase, confirm the SPA milestones, the specific tower's handover date and the payment-plan structure before committing.