Marina Place Phase 2: Emaar Brings a Waterfront Address to Mina Rashid
Emaar Properties is building Marina Place Phase 2 in Mina Rashid, a waterfront district on Dubai's coast near Port Rashid. This is the second phase of a marina-fronting community offering apartments and townhouses, with 1-bedroom units from AED 2.08 million and 3-bedroom townhouses reaching AED 8.95 million. Construction began in April 2025.
Where Mina Rashid Sits
Mina Rashid occupies a strip between Bur Dubai and the Gulf coast, roughly 10 minutes from Dubai's historic core. Sheikh Zayed Road and the coastal road network connect the area to the rest of the city. For residents, that means proximity to the cultural and commercial anchors of old Dubai while staying close to the water.
This is not Downtown and it is not JBR. Mina Rashid offers a genuine waterfront address at prices that sit well below Marina or Palm. As Dubai repurposes its old port land into residential waterfront communities, this district is building its identity. Marina Place Phase 2 is one of the branded projects anchoring that development.
Commuters driving to Business Bay or Downtown Dubai can expect a 15 to 20 minute drive in normal traffic. Dubai International Airport sits roughly 20 minutes to the northeast.
What AED 2.08M to AED 8.95M Buys Here
The AED 2,080,000 floor covers 1-bedroom apartments ranging from 800 to 910 sq ft. For a buyer who wants the Emaar name and a waterfront setting, that is a significantly lower entry point than comparable addresses in Dubai Marina or the Palm.
The AED 8,950,000 ceiling is the 3-bedroom townhouses at around 2,543 to 2,557 sq ft. These compete with villa-adjacent products in established communities and suit a different buyer entirely. The range is wide because apartments and townhouses serve distinct use cases and price points.
The 2-bedroom apartments start at AED 3,080,000 (from 1,163 to 1,402 sq ft), and 3-bedroom apartments at AED 4,300,000 (from 1,718 to 1,954 sq ft).
Apartments and Townhouses: Who Each Suits
The 1-bedroom units are sized for single professionals or couples seeking a manageable unit in a branded waterfront setting. The 2- and 3-bedroom apartments scale up for families or yield-focused buyers looking at larger units.
The 3-bedroom townhouses at around 2,550 sq ft occupy the top of the price range and offer ground-level living with more separation from the building's main residential stack. That format suits families who want more space and a degree of private outdoor access within a managed community.
What the Amenities Say About the Project
| Category | Facilities |
|---|---|
| Recreation | Infinity Pool, Gymnasium |
| Dining & Retail | Restaurants, Retail Facilities, Dining in building |
| Outdoor | Landscaped Gardens |
| Family | Children's Play Area |
The mix points to a resident-focused rather than investor-only proposition. On-site restaurants and dining within the building reduce the need to leave for daily meals, which matters in a district that is still developing its surrounding retail. The infinity pool is a practical draw at a waterfront address, and the gym and children's play area signal Emaar's intent to attract owner-occupiers alongside investors.
A December 2028 Handover
Construction began in April 2025. The expected completion is December 2028, a build timeline of approximately 44 months. For off-plan buyers entering now, the 2028 handover means roughly two and a half years before title transfer is possible.
Getting In for 10%
| Stage | % of Purchase Price |
|---|---|
| Down payment | 10% |
| During construction | 70% |
| At handover | 20% |
10% down is a low entry point. The bulk of the cost (70%) spreads across the construction period, ending at handover in late 2028. The remaining 20% is due at handover, with no post-handover payment period. The full purchase price is settled on the day of title transfer.