Port Rashid is a district of Dubai, 1.0 km from Al Ghubaiba Metro Station, 6 listings available with us.
Port Rashid, often referred to by its original name Mina Rashid, is Dubai’s historic deep-water port and a waterfront precinct in the Bur Dubai area. Established in the late 1960s and formally opened in 1972, the location has played a central role in Dubai’s transition from a regional trading hub into an international port and, more recently, into a mixed-use waterfront destination.
Port Rashid occupies reclaimed land near Shindaga in Bur Dubai and was built to provide deep-water berths for ocean-going ships. From its early design and construction in the 1960s and early 1970s it grew rapidly to accommodate increasing trade, and by the late 1970s it had been expanded substantially. The site has historic significance for Dubai’s import and construction supply chain and later for passenger shipping. In 2008 authorities announced a strategic transition for Mina Rashid: cargo operations were to move to Jebel Ali and the existing port area would be redeveloped as a cruise terminal and a mixed-use urban waterfront planned to house up to 200,000 people.
Port Rashid is connected to central parts of Dubai by road and public transport. The nearest Metro station on the Green Line is coded G24; the station is approximately 1,020 metres away and is considered walkable from the port area. Road travel times from Port Rashid to a selection of Dubai destinations have been quoted as follows (approximate):
For maritime access, Mina Rashid historically accommodated passenger liners and has been reconfigured to operate as a cruise terminal, reflecting its continued role as a point of arrival and departure for sea traffic.
The evolution of Port Rashid is closely tied to Dubai’s wider port and logistics strategy. Initial designs were prepared in the mid-1960s and the port opened in stages: dredging and reclamation created berths and ancillary facilities, and the port was progressively expanded to serve larger volumes of cargo and passenger ships through the 1970s. Management of operations involved private contractors and entities set up specifically to run port services.
In the late 1970s the scale of the harbour works grew further; later, the development of Jebel Ali took over as the emirate’s main cargo hub, and operations were merged under the Dubai Ports Authority in 1991. The 2008 decision to move cargo functions to Jebel Ali accelerated a change of use for Mina Rashid toward cruise, hospitality and mixed urban uses. Planning for the area envisions a waterfront district that combines maritime facilities with residential and leisure components, aimed at creating a dense, walkable waterfront precinct.
Market and transaction activity is recorded by the Dubai Land Department under Open Data: there are fifty sale transaction records available for Port Rashid, reflecting ongoing activity in the area’s property market. Beyond this, detailed registers of projects and units are managed in official registries; project-level listings were not included in the supplied location facts.
Port Rashid’s urban character combines port infrastructure, reclamation-era industrial elements and planned waterfront redevelopment. The area’s fabric includes quays, berths and support facilities alongside plots designated for mixed-use conversion. As a waterfront precinct that has been reimagined from heavy port operations into cruise and urban functions, it presents a mix of maritime infrastructure and new development opportunities oriented to visitors and residents of a waterfront neighbourhood.
What is Port Rashid historically?
Port Rashid (Mina Rashid) was developed in the 1960s and early 1970s as Dubai’s deep-water port to handle ocean-going ships, enabling the emirate to expand international trade and construction supplies. It opened officially in 1972 and was progressively expanded through the 1970s.
What is the current role of Port Rashid?
The port area has been repurposed from cargo handling toward cruise operations and a mixed-use waterfront. In 2008 a plan was announced to reposition Mina Rashid as a cruise terminal and a mixed-use urban district intended to accommodate a large residential and visitor population.
How is Port Rashid connected to the rest of Dubai?
The nearest Metro access is the Green Line station G24 at about 1,020 metres (walkable). Road connections provide straightforward access to central Dubai, major tourist destinations and Dubai International Airport within the approximate driving times listed above.
Are there recent property transactions in the area?
Open-data records include fifty sale transaction records for Port Rashid, reflecting active dealings in the area’s property market.
The figures below come from registered Dubai Land Department transactions, not from listings. We show the median rather than the mean, so that one-off penthouses do not distort it.
The yearly figure compares the last 12 months with the 12 before them. Calendar years would not work here: the current one is unfinished, so the comparison would understate the change. The median across the whole district moved +12% over the same year — that gap reflects which buildings came to market, not existing homes changing in price.
Top to bottom: purchase price per m², year, annual rent per m², gross yield. Showing the last 5 years, from 2022.
* 2026 is still in progress, so its bar covers part of the year and is not directly comparable with the ones before it. The growth figure below uses completed years only.
All figures are medians rather than means: in thin years the mean swings with the mix of units and shows movement the market never had. The yield is gross — service charges are not published in the register, so they cannot be deducted honestly.
| Building | Deals | Price per m² |
|---|---|---|
| Baystar by VIDA Tower 1 | 158 | 37 251 |
| Aurea | 158 | 33 378 |
| Marina Place 2 | 151 | 31 140 |
| Marina Place 1 | 127 | 31 462 |
| Baystar by VIDA Tower 2 | 125 | 34 765 |
| SERA 2 - Tower B | 61 | 29 613 |
| Sunridge | 60 | 20 454 |
| Fior 1 | 52 | 32 873 |
| SERA 2 - Tower A | 51 | 29 838 |
| Seascape - Building 2 | 49 | 19 523 |
| Seagate Building 1 | 35 | 19 522 |
| SERA 1 - Tower A | 34 | 30 925 |
Linked names lead to our pages for those projects.
Source: Dubai Land Department transaction registry. Prices per square metre, sale transactions.
Dubai market as a whole: prices, transactions and trends (DLD data) →
Neighbouring areas and sub-communities to compare location and prices.
