Pier Point Phase 2: Emaar's Waterfront Offering in Mina Rashid
Pier Point Phase 2 is a residential development by Emaar Properties in Mina Rashid, a waterfront district along Dubai's Gulf coastline near the old Port Rashid area. The project covers apartments and townhouses, with construction underway since February 2025 and handover expected in late 2028.
What Living in Mina Rashid Actually Means
Mina Rashid sits at the northern edge of Bur Dubai, roughly 10 to 15 minutes by road from Downtown Dubai and around 20 minutes from Dubai International Airport under normal conditions. Buyers commuting to Deira, Port Saeed, or the older commercial cores of central Dubai will find the location straightforward. Those working in Business Bay or the DIFC have a longer drive, though it is not difficult.
The address is waterfront in character. Proximity to the marina and the Gulf coastline is a real differentiator over inland projects in the same price band. For investors, a waterfront address in a developing district typically draws a tenant pool that will pay for the location, particularly professionals and families.
A Price Spread That Spans Four Product Types
The asking range runs from AED 1,930,000 to AED 8,730,000. That gap is not noise; it reflects a genuinely diverse unit mix.
One-bedroom apartments, from 773 to 810 square feet, start at AED 1.93M. These are the entry point: suited to first-time buyers and yield-focused investors who want Emaar branding and a waterfront address at a competitive price for the category.
Two-bedroom apartments of 1,212 to 1,372 sq ft open at AED 2,870,000. The size range accommodates dual-income households and buyers targeting the professional rental market.
Three-bedroom apartments at 1,671 to 1,907 sq ft start at AED 4,070,000. At the top of the range sits a single three-bedroom townhouse format at 2,667 sq ft, starting at AED 8,730,000. That is a different buyer entirely: one seeking more private, house-format living within a managed waterfront development.
What the Amenity Set Says
| Category | Amenities |
|---|---|
| Fitness | Gymnasium, Yoga room |
| Leisure | Infinity Pool |
| Outdoor | Landscaped Gardens, Children's Play Area |
| Safety | CCTV Security |
Six amenities is focused rather than comprehensive. The gym-plus-yoga-room combination signals an active, health-oriented resident. The children's play area suggests Emaar expects a meaningful share of end-users rather than purely investor buyers. The infinity pool earns its place given the waterfront setting. This is not a project stacked with co-working lounges, dining outlets, or entertainment venues.
Getting In for 10%
| Payment Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 70% |
| Handover | 20% |
The 10% down payment is the standout figure. On a one-bedroom unit, that is roughly AED 193,000 to secure a position. That is an accessible entry for this type of Emaar waterfront launch.
The construction-linked tranche is heavy at 70%, paid across the build period from February 2025 through to October 2028. That is approximately 44 months of installments. The remaining 20% is due at handover, with no post-handover deferral in the plan.
Two and a Half Years to Handover
Construction started in February 2025. Expected completion is October 2028. For a buyer entering in mid-2026, that is roughly two and a half years to handover. That is a standard off-plan horizon for Dubai. The project is early enough in its build cycle that the staged payment schedule still has most of its runway ahead, which means buyers can spread the bulk of the cost across the remaining period rather than front-loading immediately.