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Portside Square: Luxury Waterfront Living in Dubai’s Mina Rashid

A collaboration between Ellington and Emaar delivers a unique waterfront project with 100% sea views in Dubai Maritime City.

Living with Views of the Sea and the Downtown Dubai Skyline

Portside Square is a brand-new residential project in Mina Rashid, Dubai. It marks the first time that top-tier developers Ellington and Emaar have collaborated on a project, setting high expectations from the outset. This luxurious 16-storey building is situated directly on the water in Dubai Maritime City, just a 10-minute drive from Downtown Dubai.

What makes Portside Square unique is its unobstructed views. From the front, you overlook the Arabian Gulf, while the rear offers vistas of the Downtown Dubai skyline. The immediate surroundings feature low-rise buildings of only three storeys, meaning full sea views are possible even from the first floor.

The facilities are of resort-level quality: a clubhouse, multiple swimming pools, fitness centres, wellness studios, a spa, a kids’ play area, a cinema, co-working spaces, and even an arcade. For convenience, there are also commercial units and a concierge service. Parking is available with EV charging points.

From Studios to Penthouses with Flexible Payment Plans

The units are available in various types, from studios to 4-bedroom penthouses. The areas range from 37 sq m to 320 sq m. A 1-bedroom apartment starts from approximately 75 sq m, with a starting price from AED 2.3 million (approx. €588,000 / £505,000).

The expected completion is in Q4 2029. The payment plan is 70/30, with 20% upon reservation, 50% during construction, and 30% upon handover. This makes it accessible for buyers looking to enter the market with staged payments. There are also options for mortgages and Sharia-compliant financing.

The location of Portside Square is excellently connected to the rest of Dubai:

  • 10 mins from Al Maktoum International Airport
  • 6 mins from Sheikh Zayed Road
  • 35 mins to Downtown Dubai
  • 30 mins to Dubai Marina
  • 1 min from the Queen Elizabeth 2

For investors, this project is particularly interesting. The expected rental yields are between 6% and 8% net, comparable to yields in Dubai Marina and Dubai Maritime City. Furthermore, investors are eligible for a 10-year UAE Golden Visa for purchases from AED 2 million.

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