Rashid Yachts & Marina Area Guide

Area Summary

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 and apartments, retail stores, restaurants, and more.

Key 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

Who Would Enjoy The Area?

• Affluent individuals: You can spend your high disposable income on the area’s many luxurious amenities, waterfront properties, and high-end retail outlets.
• Yachting enthusiasts: Bring your yacht and park it on one of the 4,300 wet berths in the vicinity, then visit the Queen Elizabeth 2 and the community’s Yacht clubs.
• Tourists: Visit many tourist attractions like Queen Elizabeth 2, Dubai Ferry and Water Taxis, and the culturally significant Al Shindagha Historical District and Dubai Souks.
• Families: Have a family day on the area’s upcoming community parks, splash park, dedicated kids’ play area, and educational facilities.

Detailed Features

Attractions

• Marina Waterfront: Unwind in waterfront hotspots with unique eateries, cafes, and bars with views of the Persian Gulf.
• Queen Elizabeth 2: Experience the retired British ocean liner’s Heritage Tour, international cuisine restaurants, and the world’s largest floating nightclub FLOAT Dubai.
• Al Shindagha Historical District: Travel back to mid-19th century Dubai in the city’s historical district alongside Dubai Creek.
• Just Padel: Book a session at the largest Padel Tennis facility in the UAE.
• RollDXB: Enroll for skating classes or participate in roller disco evenings.

Accessibility & Transport

Metro Stations

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

Bus Stations

• 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

Key Landmarks

• 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

Education Nearby

Nurseries

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

Primary Schools

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

High Schools

• The Indian High School: 6.7 km away

Universities

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

Healthcare Facilities

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

Neighborhoods/Developments

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.

Emaar’s off-plan developments have a starting unit size of 1,118 sq. ft.

Future Plans for the Area

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: An elite waterfront destination offering luxury retail, dining, and leisure experiences.
• Enhanced Yacht Accessibility: An additional 430 berths to further cement the area’s position as a premier yachting club
• Other exciting developments: A private beach club, a community park, a vibrant boardwalk promenade, a splash park, a community podium with a well-equipped gym and kids’ play area, and a waterfront plaza with diverse retail and F&B options.

FAQs

1. How can non-residents buy 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.

2. 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.

3. 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.

4. How does living in Rashid Yachts & Marina compare to other parts of 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.

5. 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.