Marina Place 1 is a residential project by Emaar Properties in Rashid Yachts and Marina, Dubai, with handover 31.12.2028, construction 4.2% complete per the DLD registry, 162 units.
Construction progress
- StatusActive
- Handover31.12.2028
- Status date2024-11-15
- DLD project number3386
Data from the Dubai Land Department project registry (updated 08.08.2026 10:48).
Recent transactions
| Date | Type | Size, m² | Price, AED |
|---|---|---|---|
| 22.05.2026 | 1 BR | 76.0 | 2 400 000 |
| 22.05.2026 | 2 BR | 119.0 | 3 520 000 |
| 22.05.2026 | 2 BR | 120.6 | 3 570 001 |
| 15.05.2025 | 3 BR | 246.4 | 9 061 888 |
| 13.05.2025 | 3 BR | 246.4 | 9 061 888 |
| 23.04.2025 | 2 BR | 123.3 | 4 905 888 |
| 07.04.2025 | 2 BR | 119.0 | 3 126 888 |
| 07.04.2025 | 2 BR | 154.3 | 3 307 888 |
| 07.04.2025 | 1 BR | 74.5 | 2 086 888 |
| 26.03.2025 | 2 BR | 119.0 | 3 243 888 |
| 11.03.2025 | 2 BR | 108.2 | 3 081 888 |
| 06.03.2025 | 1 BR | 76.0 | 2 238 888 |
| 03.03.2025 | 1 BR | 74.5 | 2 086 888 |
| 03.03.2025 | 2 BR | 130.1 | 3 244 888 |
| 26.02.2025 | 2 BR | 108.2 | 3 739 888 |
| 26.02.2025 | 2 BR | 119.0 | 3 213 888 |
| 25.02.2025 | 2 BR | 108.2 | 4 371 888 |
| 25.02.2025 | 2 BR | 108.2 | 3 147 888 |
| 25.02.2025 | 2 BR | 120.6 | 3 117 888 |
| 25.02.2025 | 1 BR | 76.0 | 2 178 888 |
Dubai Land Department transaction registry, updated 2026-08-07. Explore Dubai property transactions →
About the project
Marina Place 1 is a 162-unit residential development by Emaar Properties in Rashid Yachts & Marina. The project comprises one building with a ground floor, podium and 12 floors. It is active, with a recorded completion ratio of 4.23% and a completion date of 31 December 2028.
A single residential building at Rashid Yachts & Marina
Marina Place 1 is planned as one residential building configured as ground floor, podium and 12 upper floors. The development contains 162 residential units within a total project area of 16,712.96 square metres. Its start date is 24 April 2025, and the current project status is active. The building forms part of Rashid Yachts & Marina, a waterfront precinct on Dubai Creek near Bur Dubai and Deira. The wider district combines residential development with marina, hospitality, retail, dining and leisure components, while retaining the maritime setting of Port Rashid.
Project scale and current construction position
The project has 162 residential units and one building. Its recorded completion ratio is 4.23%, with project activity underway from 24 April 2025. Marina Place 1 has a scheduled completion date of 31 December 2028. Buyers considering an off-plan purchase can assess the project as an early-stage residential development within an established waterfront masterplan. The development’s building format is ground floor, podium and 12 floors, rather than a multi-building scheme. This gives Marina Place 1 a defined unit count and a single-building structure within Rashid Yachts & Marina.
Rashid Yachts & Marina waterfront setting
Rashid Yachts & Marina is a redevelopment of the Mina Rashid precinct, positioned on Dubai Creek with views towards the Arabian Gulf and Downtown Dubai. The district includes a marina with more than 430 wet berths and capacity for yachts up to 100 metres in length. Its waterfront plan includes a 500-metre palm-fringed swimmable canal, a 12,600-square-metre sandy beach, public promenades, a floating yacht club, a private beach club, hotels and interconnected public spaces. The QE2 is permanently docked in the precinct as a hotel and exhibition venue. The area also incorporates waterfront retail, dining and leisure facilities.
Nearby heritage, leisure and green spaces
Marina Place 1 is 0.4 km from Dubai Heritage Village and Vox Cinema at City Centre Shindagh. The Queen Elizabeth 2 is 0.8 km away, while Dubai Museum is 1.2 km away. Maritime City Park is 1.6 km from the project, followed by Vox Cinemas at BurJuman Mall at 2.3 km and Zabeel Park at 3.8 km. Dubai Islands Beach is 4.0 km away. For golf, Dubai Creek Golf & Yacht Club is 5.6 km from Marina Place 1, while Al Badia Golf Club is 9.8 km away. These destinations place heritage attractions, cinema venues, parks, beach access and golf facilities within the surrounding area.
Connection to the surrounding city
Rashid Yachts & Marina is pedestrian-accessible to Dubai Metro Green Line station G24, which is 661 metres from the site. The marina area is connected by road to Dubai Mall in 16 minutes, Palm Jumeirah in 28 minutes, Burj Al Arab in 26 minutes and The Walk at JBR in 32 minutes. Dubai International Airport is 17 minutes away by car, while Al Maktoum International Airport is 53 minutes away. Port Rashid also has cruise-terminal infrastructure, including the Hamdan bin Mohammed Cruise Terminal, which provides berth-side services for yachts and cruise ships.
Emaar Properties
Marina Place 1 is developed by Emaar Properties, a developer founded in 1997. Emaar is also leading the Rashid Yachts & Marina redevelopment in partnership with P&O Marinas. Within the wider waterfront district, the plan brings together marina berths, residential blocks, hospitality, leisure spaces, promenades and a waterfront retail and dining destination. The marina and berthing facilities are supported by P&O Marinas, while the neighbourhood’s residential development forms part of the broader redevelopment of Port Rashid. Marina Place 1 is one of the residential projects within this waterfront setting.
