Dubai's real estate market never ceases to amaze investors, agents, and brokers alike. As a seasoned broker in this dynamic landscape, I've had the privilege of witnessing many success stories. Yet, Mina Rashid, also known as Rashid Yachts & Marina (RYM), holds a special place. It's not just another development; it's Dubai's last seaside community, a testament to visionary planning and unparalleled investment potential. Let's delve into its journey and explore the exciting opportunities that lie ahead.
Phase One: A Sold-Out Success Story
Mina Rashid's transformation from a historic port to a Riviera-style coastal town began with the launch of Seagate in 2019. Its success paved the way for a series of launches, each more impressive than the last.
- Seagate (2019): Launched at approximately AED 1400 per sqft (Sold Out - Resale Only)
- Seascape (2022): Sold at an average of AED 1800 per sqft (Sold Out - Resale Only)
- Clearpoint (2023): Average price of AED 1900 per sqft (Sold Out - Resale Only)
- Avonlea (2023): Sold at AED 2000 per sqft (Sold Out - Resale Only)
- Sunridge (2023): Launched at AED 2000 per sqft (Sold Out - Resale Only)
- Bayline (2023): Sold out in Jan 2024 at an average of AED 2000 per sqft (Sold Out - Resale Only)
- Ocean Star & Ocean Cove (2024): Trading around AED 2100 per sqft (Few remaining options)
- Marina Views (2024): Highest buildings, premium sea-facing units sold at AED 2400-3000 per sqft (Few remaining options)
*Please note that these represent the initial launch prices per sqft.
The consistent price appreciation and rapid sell-outs in Phase One underscore the community's desirability and robust investment potential.
Phase Two: The Next Wave is Coming
Phase One's overwhelming success sets the stage for an even more exciting Phase Two. With launches expected any time now, and prices projected around AED 2600 per sqft, the opportunity for substantial capital appreciation is clear.
A Waterfront Wonderland Awaits
Mina Rashid is more than just a collection of impressive numbers; it's a lifestyle destination. Envisioned as a AED25 billion waterfront masterpiece, this master-planned community will boast an array of world-class amenities, including:
- A 500-meter canal pool
- The Dubai Mall by the Sea
- The iconic Queen Elizabeth 2 Floating Hotel
- 430 wet berths for yachts
- A charming Venetian Piazza
- An exclusive man-made beach
- A state-of-the-art theater
- A floating yacht club
- A private beach club
And that's just the beginning!
Your Gateway to Mina Rashid
Whether you're an investor seeking high returns or a buyer looking for a dream home by the sea, Mina Rashid offers an unparalleled opportunity. With Phase One nearly sold out and Phase Two on the horizon, the time to act is now.
As your trusted broker, I'm here to guide you through the exciting options available at Mina Rashid. Contact me today, and let's secure your place in Dubai's most coveted seaside community.