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About Rashid Yachts and Marina

Formerly known as Mina Rashid, Rashid Yachts & Marina is the exciting waterfront community within Port Rashid from the renowned EMAAR Properties and P&O Marinas. The new development is 6.8 million sq ft. and will feature amenities such as luxury hotels, retail stores, restaurants, and apartments for sale in Rashid Yachts and Marina

Features

  • 100m Long Yachts
  • 4,300 Wet Berths
  • 6 Interconnected District Parks
  • Iconic Views of the Burj Khalifa and the Arabian Sea
  • Floating Yacht Club
  • Queen Elizabeth 2

About Rashid Yachts & Marina

Located at the heart of Port Rashid, the Rashid Yachts & Marina features a waterfront destination for residents, tourists, yachts, and yacht owners. The Marina is a waterfront hotspot that boasts unique eateries, cafes, and bars with relaxing views of the Arabian Gulf. Notably, Rashid Yachts & Marina can accommodate around 20,000 yachts. 

At Rashid Yachts & Marina, you can experience a myriad of leisure and entertainment options such as: 

  • Queen Elizabeth 2: Enjoy a luxurious stay at the QE2, a retired British ocean liner converted into the only floating hotel in Dubai. There are many entertainment options in the QE2, including the ship’s Heritage Tour, international cuisine restaurants, and the world’s largest floating nightclub, FLOAT Dubai, among other options.

  • Just Padel: Play an exciting game of Padel Tennis at the largest Padel Tennis facility in the UAE: Just Padel Mina Rashid. The facility features six indoor courts, four outdoor courts, and four ladies-only indoor courts.

  • RollDXB: Revisit the 1980s with the UAE’s first purpose-built roller skating rink. RollDXB offers skating classes during the day and roller discos in the evenings.

  • Dubai Ferry and Water Taxis: Travel in luxury and style with Dubai’s Ferry and Water Taxis. Rashid Yachts & Marina is close to Dubai’s Marine Transport Stations at Dubai Creek, allowing easy access to these services.

Key Demographics in Rashid Yachts and Marina

Rashid Yachts and Marina’s key demographics mainly involve affluent individuals, yachting enthusiasts, and more. These demographics are likely interested and will benefit from purchasing properties for sale in Rashid Yachts & Marina.

  • Affluent Individuals: If you have high disposable income and require water berthing facilities for your yacht, Rashid Yachts & Marina is the community for you. The development offers many luxurious amenities, waterfront properties, and high-end retail outlets for your enjoyment. You may avail of the area’s luxury apartments for sale in Dubai for your leisure. 

  • Yachting Enthusiasts: If you are a local or international enthusiast, Rashid Yachts & Marina caters to you with its 4,300 wet berths, facilities like Queen Elizabeth 2, and Yacht clubs. You may avail of the several apartments for sale in Dubai within Mina Rashid.

  • Tourists: If you are a tourist visiting Dubai, Rashid Yachts and Marina offers various tourist attractions like the Queen Elizabeth 2, Dubai Ferry and Water Taxis, and proximity to cultural attractions like the Al Shindagha Historical District and Dubai Souks. You can also purchase any properties for sale in Dubai within Mina Rashid, so you can always return to the area’s luxury waterfront living. 

  • Families: If you have a family, Rashid Yachts & Marina also offers features suitable for you, such as community parks, a splash park, a dedicated kids’ play area, and educational facilities planned for the future. You may avail of the area’s several luxury properties for sale in Dubai for your family. 

Residential Landscape in Rashid Yachts and Marina

  • Cultural/Historical Significance 

Port Rashid is a historic trading port in Dubai that opened in 1972, named after the late ruler HH Sheikh Rashid Bin Saeed Al Maktoum, the Father of Dubai. Since its inception, the port transformed Dubai into a crucial port of call between the East and the West.

In 2018, Port Rashid moved all its cargo operations to Jebel Ali Port. Currently, Port Rashid (or Mina Rashid) is a cruise terminal, seafront coastal destination, and residential area. 

  • Globally Acclaimed Cruise Destination 

Mina Rashid is a globally acclaimed cruise destination that attracts hundreds and thousands of tourists annually from around the globe. Cruise ships dock at Mina Rashid’s two famous and luxurious terminals: Mina Rashid Cruise Terminal and Hamdan bin Mohammed Cruise Terminal.

  • Mina Rashid Cruise Terminal: With 7 berths, Mina Rashid Cruise Terminal can handle 7 large-sized vessels or 25,000 passengers simultaneously.

  • Hamdan bin Mohammed Cruise Terminal: Inaugurated in 2015, the Hamdan bin Mohammed Cruise Terminal is the world’s largest covered cruise facility with a 14,000 daily passenger capacity.

Cultural Attractions in Rashid Yachts & Marina

From Rashid Yachts & Marina, you only need to drive for a few minutes to reach Dubai’s traditional district and explore different cultural attractions such as museums, old-world markets, and more.

  • Al Shindagha Historical District: The Al Shindagha Historical District is a preserved district alongside Dubai Creek that showcases Dubai’s humble beginnings. With 162 buildings restored in an area of 1.8 million sq ft., the historical district showcases the traditional style of life prevalent in mid-19th century Dubai.

  • Bur Dubai Souk: Dubai’s traditional market is on the shores of Dubai Creek. Navigate the old-world alleys of Bur Dubai Souk and find various stores and traders selling many types of merchandise. You can also purchase unique souvenirs such as abayas, thawbs, silk scarves, tailored garments, and more.

  • Dubai Creek: The city’s historic commercial hub separating Deira and Bur Dubai. Explore the creek’s historic location and cross the canal between Deira and Bur Dubai on a traditional Abra boat ride.

  • Dubai Spice Souk: An odour-rich area with spices piled high, the Dubai Spice Souk allows you to buy a wide range of spices, gifts, and other commodities.

  • Dubai Gold Souk: As one of Dubai’s oldest traditional markets, Gold Souk houses over 350 retailers trading tax-free gold with different options of carats, designs, and weights.

Development Plans in Rashid Yachts & Marina

In March 2019, EMAAR and P&O Marinas (a DP World Properties subsidiary) announced an ambitious AED 25 billion development plan to transform Mina Rashid into a Riviera-style coastal destination – now referred to as Rashid Yachts & Marina. Among these planned developments include: 

  • Dubai Mall by the Sea: This elite waterfront destination will offer a symphony of retail, dining, and leisure experiences, setting a new standard for waterfront living.

  • Multiple Waterfront Residences: EMAAR has envisioned a collection of stunning waterfront properties, including Sunridge, Seascape, and Seashore apartments, each offering panoramic views and unparalleled luxury. Notably, Sunridge is scheduled to be completed by Q2 of 2024. 

  • Enhanced Yacht Accessibility: To accommodate the growing yachting community, EMAAR plans to expand Rashid Yachts & Marina berthing capacity by nearly 430, further cementing its position as a premier yachting hub.

  • Other exciting developments: Beyond its stunning residences and retail offerings, Rashid Yachts & Marina will be enriched by a plethora of amenities, including a private beach club, a community park, a vibrant boardwalk promenade, a refreshing splash park, a community podium with a well-equipped gym and a dedicated kids' play area, and a waterfront plaza brimming with diverse retail and F&B options.

Rashid Yachts & Marina Property Trends 

EMAAR offers six collections of 1, 2, and 3-bedroom apartment off-plan developments at Rashid Yachts & Marina. Homeowners can enjoy the area’s amenities, such as 100m long yachts, 4,300 wet berths, 6 interconnected district parks, iconic views, a floating yacht club, and the Queen Elizabeth 2, among other waterfront amenities.

Property Name Unit Type Starting Unit Size Starting Price
Seagate at Rashid Yachts & Marina 1, 2, and 3-bedroom apartments - -
Seascape at Rashid Yachts & Marina 1, 2, and 3-bedroom apartments 2,625 Sq. Ft. AED 4,700,000
Sunridge at Rashid Yachts & Marina 1 and 2-bedroom apartments - -
Clearpoint at Rashid Yachts & Marina 1, 2, and 3-bedroom apartments 1,118 Sq. Ft. AED 2,300,888
Bayline at Rashid Yachts & Marina 1, 2, and 3-bedroom apartments 1,209 Sq. Ft. AED 2,340,888
Avonlea at Rashid Yachts & Marina 1, 2, and 3-bedroom apartments 1,527 Sq. Ft. AED 2,628,888

EMAAR’s off-plan developments have a starting price of AED 2,300,888 with a starting unit size of 1,118 sq. ft.

Accessibility and Transportation in Rashid Yachts & Marina

Rashid Yachts & Marina ensures convenient access to key transportation hubs and prominent districts across Dubai.

Metro Stations Near Rashid Yachts & Marina

  • Al Ghubaiba Metro Station: 4 km away from Rashid Yachts & Marina 

Bus Stations Near Rashid Yachts & Marina

  • Department of Ports and Customs: 3 km away from Rashid Yachts & Marina
  • Caltex Reservoir: 2 km away from Rashid Yachts & Marina
  • Al Ghubaiba Bus Station: 3.5 km away from Rashid Yachts & Marina

Notable Locations in Rashid Yachts & Marina

  • Dubai International Airport: 13 km away from Rashid Yachts & Marina
  • Deira and Bur Dubai: 5 to 10 km away from Rashid Yachts & Marina
  • Downtown Dubai: 12.5 km away from Rashid Yachts & Marina

Educational Facilities in Rashid Yachts & Marina

A part of Rashid Yachts & Marina’s development projects is to add a school within the area itself. In the meantime, there are several educational facilities close to Rashid Yachts & Marina. 

Nurseries in Rashid Yachts & Marina

  • Little Nest Nursery: 3.9 km away
  • Little Diamond Nursery: 5.1 km away

Primary Schools in Rashid Yachts & Marina

  • New Academy School: 3.6 km away
  • Al Maktoum Primary School: 4.9 km away
  • Saadiyat School: 12.8 km away

High Schools in Rashid Yachts & Marina

  • The Indian High School: 6.7 km away

Universities in Rashid Yachts & Marina

  • Canadian University Dubai: 7.0 km away
  • Al Wasl University: 5.4 km away
  • Mohammed Bin Rashid University: 8.1 km away

Healthcare Facilities in Rashid Yachts & Marina

Rashid Yachts & Marina residents can visit the following healthcare facilities near the area: 

  • iCare Clinic Mankhool: 5.4 km away
  • Health Family Clinic Karama: 8.1 km away
  • Aster Clinic Karama: 8.0 km away

Property Overview

  • Engaging with a Real Estate Agent

Real Estate is a significant investment; as a result, you must prioritize effectively selecting a trustworthy real estate agent to lead you through the investing process. Ensure to check their credentials, reputation, specialization, and track record, among other things.

  • Confirm RERA Certification

Ensuring your agent’s valid RERA Certification is crucial for your peace of mind. The Dubai Real Estate Regulatory Agency (RERA) is a government agency that has regulated Dubai’s Real Estate sector since 2007. Therefore, a RERA Certified agent signifies your agent’s qualification and experience and assures that they adhere to strict government regulations, safeguarding you against potential fraud or misconduct.

  • Assess Agency Reputation

An agency’s reputation in the market or region can say a lot about its business practices. Notably, more reputable companies are more likely to provide thorough training to their agents to ensure better results.

  • Look for Specialisation in Your Area

Real Estate agents specializing in your property’s particular area can be more effective for your needs. This effectiveness can stem from their increased knowledge and understanding of your property and its neighborhood.

  • Check Agent Track Record

Inquire about your agent’s recent transactions in your area to ensure your agent has the essential qualities of a reliable real estate partner. If your agent has a successful track record, it demonstrates their ability to navigate local markets, effectively negotiate, and close deals.

  • Personalized Consultations

Reach out to your prospective agent and schedule a personalized consultation. This consultation will allow you to properly communicate your goals, preferences, and expectations and ensure your agent focuses on meeting your unique requirements. 

How to Purchase Property in Rashid Yachts & Marina with Driven Properties?

  1. Visit the Driven Properties website: Explore the Driven Properties website to discover a range of properties matching your preferences. Our user-friendly interface lets you filter property listings according to your budget, location, and desired features. 

  2. Browse through Driven Properties’ extensive property listings: Consider details such as property specifications, pricing, and any other additional information you need to make an informed decision.

  3. Choose your ideal property: Select the ideal property that aligns with your preferences and meets your specific requirements.  

  4. Contact one of our reputable real estate agents: Our agents at Driven Properties are here to assist you by offering a wealth of valuable insights and guidance. We will serve you and ensure a smooth and informed property buying experience.

  5. Communicate with the property seller: Initiate a conversation with the property seller to ensure clarity on terms, conditions, and other specific details related to the property.  

  6. Sign the Real Estate Sale Agreement and pay a deposit: Formalise your agreement with the seller by signing the Real Estate Sale Agreement, commonly known as the Memorandum of Understanding (MOU). This document outlines the terms and conditions of the property sale. You must also pay a deposit of 5% to 25% of the property's value.  

  7. Apply for a No Objection Certificate (NOC): Begin the process of getting a No Objection Certificate (NOC) from the property developer to ensure a seamless transfer of ownership.

  8. Submit the required documents to complete the ownership transfer: Ensure you have all the necessary paperwork early for a smooth transaction. 

  9. Receive your title deed: After completing the abovementioned processes, you will be issued a new title deed! This title deed identifies you as the property owner. Congratulations on your new home! 

 

Location

FAQ on Rashid Yachts and Marina

How can non-residents purchase a property in Rashid Yachts & Marina?

As Rashid Yachts & Marina is in a freehold area, non-residents can purchase property in Rashid Yachts and Marina by following these steps:

  1. Visit the Driven Properties website.
  2. Browse through Driven Properties’ extensive property listings.
  3. Choose your ideal property.
  4. Contact one of our reputable real estate agents.
  5. Communicate with the property seller.
  6. Sign the Real Estate Sale Agreement and pay a deposit.
  7. Apply for a No Objection Certificate (NOC).
  8. Submit the required documents to complete the ownership transfer.
  9. Receive your title deed.

 

Are there any ownership restrictions in Rashid Yachts & Marina?

While freehold ownership is generally available, certain restrictions may apply:

  • Leasehold options: Some properties may be offered on leasehold terms, granting ownership for a specific period, typically 99 years.
  • Unit caps: Specific sub-communities may limit the number of units one owner can purchase.
  • Nationality restrictions: While rare, some restrictions may exist for specific nationalities.
  • Mortgage limitations: Non-residents may have lower loan-to-value ratios for mortgages.
  • Registration fees: Non-residents pay a 4% registration fee and other associated charges.
  • Building regulations: Owners must comply with all regulations set by the developer and local authorities.
  • Community rules: Adherence to community rules regarding noise, parking, and pet ownership is mandatory.
  • Investment restrictions: Some properties may have restrictions on short-term rentals or commercial use.

 

What are the typical maintenance costs for properties in the area?

Maintenance fees vary depending on the property size, type, and community. Expect to pay around AED 5-10 per square foot annually, covering common area maintenance, landscaping, security, and waste disposal.

How does Rashid Yachts & Marina compare to other areas in Dubai?

Rashid Yachts & Marina offers a unique waterfront lifestyle with luxurious amenities, stunning views, and a vibrant yacht community. Compared to other areas:

  • It offers a quieter, more relaxed atmosphere than bustling downtown Dubai.
  • It boasts ample green spaces and parks, making it ideal for families.
  • It provides easy access to Dubai's main attractions via ferries and water taxis.
  • It offers a higher standard of living but may come with a higher cost of living.

 

Are there any upcoming development plans for Rashid Yachts & Marina?

Yes, several exciting development plans are underway, including:

  • Dubai Mall by the Sea: This waterfront retail and dining destination is expected to open soon.
  • Enhanced yacht accessibility: The berthing capacity will increase to accommodate the growing yachting community.
  • Additional amenities: A school, more parks, a boardwalk extension, and a water park are planned