Off-planQ4 2028
Pier Point 1 is a G+1P+9-storey residential tower within the two-tower Pier Point development at Rashid Yachts & Marina, Mina Rashid. The building's contemporary design language prioritises clean lines and direct visual engagement with the marina, with residences configured across 122 units spanning 1-bedroom apartments through to 3-bedroom townhouses.
Unit sizes range from 774 sq ft for a 1-bedroom apartment up to 2,667 sq ft for a 3-bedroom townhouse, giving buyers a meaningful choice of scale without sacrificing the coherent design aesthetic applied across all typologies. Interiors are finished to a contemporary standard, with attention to detail cited across all unit categories.
Pier Point 1 sits within Rashid Yachts & Marina, one of Dubai's dedicated full-service marina destinations. The development's landscaped podium connects both towers and functions as a shared amenity layer — incorporating tranquil gardens, yoga platforms, and BBQ areas — rather than purely as a circulation deck.
The broader Rashid Yachts & Marina master community combines luxury residences with a working marina, curated retail, and a restaurant lineup oriented toward yacht owners and waterfront residents. This positions Pier Point 1 at the intersection of operational marina infrastructure and residential amenity, a combination that remains rare in Dubai's current supply.
The 122 units are distributed across four typologies: 57 one-bedroom apartments (774–811 sq ft, from AED 1.93M), 51 two-bedroom apartments (1,213–1,373 sq ft, from AED 2.87M), 9 three-bedroom apartments (1,669–1,907 sq ft, from AED 4.07M), and 5 three-bedroom townhouses (2,643–2,667 sq ft, from AED 8.73M). The townhouse allocation is limited to five units, making them the rarest typology in the building.
Mina Rashid is a waterfront address with limited residential supply relative to established communities such as Dubai Marina, which supports long-term pricing resilience. Pier Point 1's proximity to old Dubai and Downtown — combined with direct marina access — targets both owner-occupiers and short-term rental investors who can leverage the marina lifestyle credential.
The project's 10/90 payment structure, with the final 20% due on handover in October 2028, distributes capital outlay across a four-year construction window. With construction begun in February 2025 and DLD completion tracking, buyers can monitor progress against the registered project timeline.
Rashid Yachts & Marina sits between old Dubai (Deira, Bur Dubai) and the Downtown corridor, placing Pier Point 1 within roughly 10–15 minutes of both the historic city core and Burj Khalifa by car via Sheikh Zayed Road. Dubai International Airport is accessible in a comparable drive time, and the planned future Blue Line metro extension shown on the project map would further improve public transit access to the area.
The immediate environment is defined by the marina itself — berths, promenades, waterfront dining, and retail — rather than a dense urban streetscape. Neighbouring districts including Deira and Bur Dubai provide everyday retail and dining variety, while Downtown Dubai and DIFC are close enough for professional and leisure use without Pier Point 1 carrying their price premium.
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Real Dubai Land Department transactions and rent contracts — not developer marketing.
122 transactions · last 12 months
1 br · 407 sales analyzed
At the starting price of AED 1,930,000, typical rent for a 1 br in Mina Rashid (AED 75,750/year, ~AED 6,300/month) implies a 3.9% gross yield.
Based on 12 DLD rent contracts in the last 12 months. Gross yield excludes service charges, vacancy and management fees.
Source: Dubai Land Department open data. Analytics are computed from registered transactions and rent contracts; figures are indicative and not a guarantee of future performance.
The payment plan spans from September 2024 to October 2028 across 9 instalments. A 10% down payment is followed by eight further instalments of 10% each (some tied to construction milestones), with the final 20% due on handover at 100% construction completion in October 2028.
The DLD-registered project end date is 31 October 2028, corresponding to the 100% construction completion milestone when the final 20% payment falls due.
Pier Point 1 is developed by Mina Rashid Real Estate, the developer entity behind the Rashid Yachts & Marina master community. The escrow account is held with First Abu Dhabi Bank.
Amenities include a full-service marina, landscaped podium gardens, yoga platforms, BBQ areas, a waterfront promenade, marina-facing retail and restaurants. The wider Rashid Yachts & Marina community adds further dining and leisure infrastructure.
Pier Point 1 is approximately 10–15 minutes by car from both Downtown Dubai and Dubai International Airport via Sheikh Zayed Road. The project map also shows a planned future Blue Line metro extension that would improve public transport access to the area.
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