Marina Place By Emaar: A Waterfront Off-Plan from Dubai's Largest Developer
Emaar Properties launched Marina Place in Mina Rashid in April 2025, with construction already underway. The project offers apartments and townhouses priced from AED 2,080,000 to AED 8,950,000. That spread covers two distinct product types at very different price points, and understanding the difference matters before you decide where you sit in the range.
Getting In for 10%
The entry point here is notable. A 10% down payment secures a unit, with the remaining balance structured across the construction period and handover. Emaar also offers a second payment track at 20% down for buyers who prefer to front-load.
| Milestone | Option 1 | Option 2 |
|---|---|---|
| Down payment | 10% | 20% |
| During construction | 70% | 60% |
| At handover | 20% | 20% |
The bulk of the payment sits in the construction window running through December 2028, with 20% due at handover. Both options converge at the same handover amount, so the choice is really about how much you put in now versus how much you commit across the build period.
What AED 2.08M to AED 8.95M Actually Covers
The price floor is a one-bedroom apartment, starting at AED 2,080,000 for units from 817 to 944 square feet. At that size and price, these apartments run roughly AED 2,200 to 2,500 per square foot.
Two-bedroom apartments begin at AED 3,080,000, with layouts ranging from 1,164 to 1,661 square feet across multiple configurations. The wider size range at this tier gives buyers flexibility: a compact two-bedroom at 1,164 square feet works differently from a 1,661-square-foot unit, even at the same starting price.
Three-bedroom apartments start at AED 4,300,000, from 1,722 to 2,099 square feet.
The ceiling is the three-bedroom townhouse at AED 8,950,000 for 2,660 square feet, or roughly AED 3,365 per square foot. This is a different purchase entirely: a multi-floor residence within a managed community, not a flat. The buyer at this end wants space and a distinct address in an Emaar-managed waterfront development.
Mina Rashid: Developing Waterfront, Early Positioning
Mina Rashid sits along Dubai's historic port waterfront, adjacent to Port Rashid and the cruise terminal. The area connects toward Dubai Creek on one side and the Arabian Gulf on the other, giving it a genuinely waterfront character that inland communities cannot match.
For commuters, the location puts you roughly 15 to 20 minutes from Downtown Dubai and Business Bay under normal traffic. Deira is close to the north. The surrounding area still carries some port-adjacent industrial character from the active port infrastructure nearby. That is changing as residential development expands in the district.
For investors, the current development stage is part of the thesis. Entering a district before it fully builds out means accepting some uncertainty about the final residential character of the surrounding area.
Apartments and Townhouses: Who Buys Which
One- and two-bedroom apartments suit professionals, couples, and investors seeking an Emaar address at this price point. The multiple layout types at the two-bedroom level give buyers flexibility on size without changing the starting price.
Three-bedroom apartments work for growing families who want more space within an apartment building format. At 1,722 to 2,099 square feet, they are large by apartment standards.
Townhouses at AED 8.95M target a buyer who wants a multi-floor format with shared community amenities and space that apartment living cannot provide. You get Emaar community management and a distinct residential address in a managed setting.
The Amenity Set
| Category | Facilities |
|---|---|
| Fitness | Gymnasium, Yoga room |
| Water | Infinity Pool |
| Outdoor | Landscaped Gardens, Community Park |
| Family | Children's Play Area |
The yoga room is a deliberate addition beyond a standard gym. Combined with the infinity pool and community park, the amenity set reflects a resident who values wellness routines and outdoor access. The children's play area reinforces the family orientation that the three-bedroom product mix already signals.
Handover at End of 2028
Construction started in April 2025. Expected completion is December 2028, giving off-plan buyers roughly two and a half years of construction period ahead. Payment drawdowns will follow construction milestones through that window, with the 20% handover payment landing at keys.