Mina Rashid

ABOUT

NEIGHBORHOOD

TRANSPORTATION

EDUCATION

SOCIAL AND CULTURAL FACILITIES

COST OF LIVING

OVERVIEW

REAL ESTATE MARKET

TYPES OF HOUSING

About Mina Rashid

Mina Rashid, a majestic man-made marvel, stands as a testament to Dubai's unwavering spirit of innovation and progress. Once the city's bustling commercial port, it has transformed into a multifaceted waterfront destination, seamlessly blending its rich heritage with a vibrant tapestry of modern delights. Imagine a panorama where towering cruise ships bask in the golden sunlight, their reflections dancing on the azure waters of the Arabian Gulf. Picture sleek yachts gliding gracefully alongside traditional dhows, their sails billowing in the gentle breeze. This captivating fusion of old and new is the essence of Mina Rashid, a place where history whispers from every weathered stone yet the future gleams with boundless possibilities.

IN A NUTSHELL:

• Transformation into a vibrant waterfront destination
• Boasts a sought-after residential community
• Soon-to-be-developed recreational area promising to celebrate Dubai's rich cultural heritage
• Situated close to the city center and iconic landmarks like the Dubai Creek and Gold Souk
• Convenient access to all that Dubai has to offer

Home to some of the exquisite residences in Dubai

Here's a list of attractions at Mina Rashid, perfect for your next trip to Dubai:

• Mina Rashid Marina: Home to some of the most luxurious yachts in the world, this dazzling marina is a must-see for any boat enthusiast. Take a stroll along the waterfront promenade, admire the sleek vessels, and soak up the vibrant atmosphere.
• Galleria Cinema: Catch a blockbuster or an indie gem at this state-of-the-art cinema complex. With plush seats, cutting-edge technology, and a diverse selection of films, Galleria Cinema is the perfect place to escape the Dubai heat and enjoy a cinematic experience. 
• Boat Tour Dubai: Explore Dubai's stunning coastline from a unique perspective on a boat tour. Glide past iconic landmarks like the Burj Khalifa and Palm Jumeirah, and discover hidden gems along the way. Different tour operators offer various routes and durations, so you can choose the perfect one for your interests and budget. 
• Dubai Maritime City: Immerse yourself in the world of maritime trade and culture at Dubai Maritime City. Visit the Dubai Maritime Museum to learn about the city's rich maritime history, or take a tour of the impressive DP World container terminal.  

Transportation

Mina Rashid offers options for both landlubbers and seafarers. While it awaits its own internal network, public transportation is just a short journey away, with bus stations like Al Ghubaiba and Dubai Dry Docks within a 15-20 minute ride. Buses like C1 and X92 conveniently pass nearby, and for a waterborne adventure, hop on the tourist-exclusive water taxi that zips between the cruise terminal and Al Ghubaiba station. Though Mina Rashid might not be on the metro map yet, its future holds the promise of a well-developed system, ensuring seamless connectivity for residents and visitors alike.

Education

Mina Rashid has a wealth of educational options within a short distance. For younger learners, reputable choices like Ambassador School, Hessa Bint Al Mer Private School, and Al Maktoum Primary School offer quality curriculums. For secondary education, gems Winchester School on Oud Metha Road provides a well-regarded program from Foundation Stage 2 all the way up to Year 12. Higher education seekers can venture slightly further to find universities like Al Wasl University, European University College, and Mohammed Bin Rashid University of Medicine and Health Sciences, all within a comfortable 20-minute drive. With this diverse range of institutions nearby, Mina Rashid ensures its residents have convenient access to a variety of educational pathways for all ages and aspirations.

Social and Cultural Facilities

Mina Rashid is renowned for its exceptional social and cultural facilities that contribute to the vibrant lifestyle of its residents and visitors. The community boasts a diverse array of amenities designed to cater to various interests and enhance the overall well-being of its inhabitants. From modern art galleries and theaters showcasing local and international talent to state-of-the-art community centers promoting cultural exchange and enrichment, Mina Rashid stands as a hub for artistic and social activities. 

Residents can immerse themselves in a rich tapestry of cultural events, workshops, and festivals that celebrate the diverse heritage of the region. Additionally, the community prioritizes social connectivity with its well-planned public spaces, parks, and recreational facilities, fostering a sense of unity and shared experiences among its residents. Mina Rashid's commitment to providing a holistic cultural and social environment underscores its position as a dynamic and inclusive destination in the heart of Dubai.

Cost of Living

Mina Rashid, Dubai's emerging luxury waterfront neighborhood, offers a lifestyle as dazzling as its yacht-filled harbor. But this magnificence comes at a high cost. Properties in Mina Rashid reigns supreme, with stylish off-plan apartments starting at AED 1.5 million and resales easily topping AED 2 million. Beyond brick and mortar, dining and entertainment costs should reflect the neighborhood's affluence. Michelin-starred restaurants and fancy boutiques are the norm, and even a simple coffee costs more. While Mina Rashid provides indisputable exclusivity and breathtaking views, budget-conscious consumers should steer clear; this playground is designated for those with platinum credit cards and champagne dreams.

Overview

Mina Rashid's strategic location places it within easy reach of Dubai's top attractions. A 15-minute drive separates it from the Dubai International Airport, while Downtown Dubai, with its soaring Burj Khalifa and Dubai Mall, is just a 20-minute drive away. This accessibility, coupled with its unique blend of history, luxury, and leisure, makes Mina Rashid a coveted address in Dubai, offering a lifestyle as dynamic and diverse as the city itself.

Real Estate Market

Housing and rental prices

Mina Rashid, Dubai's prestigious waterfront address, boasts luxurious living at a premium. Housing, whether apartments or villas, commands impressive prices, with starting points at AED 999,888 for apartments and a hefty AED 1,000,000 for villas. Renting isn't much gentler, with annual villa costs ranging from AED 200,000 to a staggering AED 1,600,000, depending on size and amenities. This exclusivity reflects Mina Rashid's prime location, offering stunning harbor views, opulent amenities, and proximity to Dubai's vibrant attractions. While not for the faint of wallet, it caters to those seeking a slice of Dubai's high-end residential units.

If you're looking for properties in Mina Rashid, contact Vartur Real Estate, a reputable agency with extensive experience in the real estate sector.

What has been the district property price trend in recent years? What are the predictions for the future of this trend?

Mina Rashid's property trends shimmer like its waterfront: promising and rapidly evolving. This Riviera-inspired Dubai community, a collaboration between Emaar and DP World, boasts opulent coastal homes and a new marina, attracting global residents. Prices in Mina Rashid reflect the exclusivity, with apartments and villas averaging higher than the emirate's average. While still under development, Mina Rashid shows exciting potential: historical transactions indicate steady price growth, hinting at an upward trajectory, especially as the community matures and amenities like the marina materialize. However, with the broader Dubai’s real estate market experiencing slight softening, potential investors should keep an eye on future trends before diving in.

Which are the most popular and valuable areas in the district?

Here are some of the most popular areas in Mina Rashid: 

La Mer Beach: This trendy beachfront spot boasts a vibrant atmosphere with a plethora of restaurants, cafes, and shops. Take a dip in the turquoise waters, build sandcastles with the kids, or catch a movie under the stars at the open-air cinema.

Jumeirah Beach: A Dubai classic, Jumeirah Beach offers pristine sands, calm waters, and plenty of space to spread out. Rent a sun lounger, try your hand at paddleboarding, or simply soak up the rays. Don't miss the iconic Burj Al Arab Jumeirah, rising majestically from the sea.

Dubai Islands: This archipelago of man-made islands offers a luxurious escape with private beaches, opulent resorts, and world-class restaurants. Explore by yacht, go diving in the crystal-clear waters, or tee off at one of the championship golf courses.

Types of Housing

The different types of housing in Mina Rashid, you can find in this sought-after area:

Apartments: Most apartments in Mina Rashid offer breathtaking panoramas of the Arabian Sea, the Dubai skyline, and the bustling Port Rashid.

Penthouses: For those seeking the pinnacle of luxury, Mina Rashid offers stunning penthouses with expansive terraces and private infinity pools.

Villas: Experience the ultimate in seaside living with a waterfront villa in Mina Rashid. Step out your back door and onto the pristine sands of Mina Rashid Beach.

Vartur Real Estate, which specializes in connecting clients with attractive real estate options, may provide specialized assistance in locating the appropriate property in Mina Rashid.