Portside Square

This 2-bedroom apartment at Portside Square offers 1,215 sq ft in Rashid Yachts & Marina (Mina Rashid), priced from AED 3,596,828 (about AED 2,960 per sq ft), with handover expected in Q4 2029.

Portside Square is an Ellington Properties project in Rashid Yachts & Marina, the waterfront district at the old Port Rashid. One agency page describes three residential towers of G+2+15 floors with 408 homes, from studios to four-bedroom penthouses, around a resort-style podium. Property Finder lists construction starting in October 2025.

Mina Rashid sits beside the QE2 floating hotel and the marina, with links to Sheikh Zayed Road. Agency pages give drive times of about 15 to 20 minutes to Downtown Dubai and 20 to 25 minutes to Dubai International Airport. Listed amenities include pools with cabanas, a gym, sauna and steam room, a spinning studio, co-working pods, a clubhouse, EV charging and 24-hour concierge.

A two-bedroom suits a couple or small family who want marina living with resort-style amenities, a short drive from Downtown. Some two-bedroom layouts include a study, so ask us for the specific plan.

Our feed lists a 70/30 payment plan. Agency pages break this down as 20% on booking, 50% during construction and 30% on handover.

How does the price compare with Madinat Dubai Al Melaheyah? Registered sales in Madinat Dubai Al Melaheyah had a median of AED 2,962 per sq ft from 1 January to 1 October 2026 (Dubai Land Department, 811 sales). At about AED 2,960 per sq ft, this unit is in line with that median.

What rental yield can investors expect in Madinat Dubai Al Melaheyah? The median annual rent was AED 95,000, a gross yield of about 2.7% over the same period (Dubai Land Department, 1,902 Ejari contracts in Madinat Dubai Almelaheyah). Actual returns depend on the unit, floor and market at handover.

Handover is listed as Q4 2029 in our feed and on the agency pages we checked, with Property Finder giving December 2029.

Prices and availability come from the developer and can change. Contact Platinum Square for current availability, floor plans and the full payment schedule.