Portside Square Mina Rashid – Premium Waterfront Residences

Project Name: Portside Square Mina Rashid
This exclusive launch, Portside Square Mina Rashid, developed by Ellington Properties, is a distinguished residential complex located in the prestigious waterfront district of Mina Rashid, Dubai. The project comprises three sculptural residential towers and one dedicated office/business tower, all designed with fluid lines inspired by the rhythm of the sea and port heritage. Units range from stylish studios and one- to three-bedroom apartments (including two-bedroom plus study layouts) to luxurious four-bedroom penthouses. The complex offers modern, high-quality finishes throughout and features a thoughtfully curated set of amenities including a lobby lounge, EV charging stations, bicycle parking, shaded children’s playground, green terraces, swimming pools and more. The for-sale size ranges: 1 BR units start from approx. 767 sq ft; 2 BR from approx. 1,169 sq ft; 2 BR + Study from ~1,365 sq ft; 3 BR + Study from ~1,723 sq ft; 4 BR Penthouses from ~3,441 sq ft. Indicative starting investment from around AED 2.3 million. Handover is scheduled for Q4 2029. Ownership is freehold, making it accessible for both UAE nationals and foreign investors.

Overview of the Project

Portside Square Mina Rashid sets out to redefine waterfront living in Dubai by blending heritage, design, location and lifestyle. Situated at the historic port precinct of Mina Rashid—once Dubai’s primary commercial port and today a rejuvenated waterfront precinct—the development captures the legacy of maritime trade while offering contemporary residential luxury. Each of the three signature towers embodies sculptural architecture with flowing facades, expansive glazing and panoramic views across marina, sea and skyline. Interiors are crafted with warm materials and modern finishes. The project emphasises the concept of ‘living by design’, delivering homes that are not only visually appealing but functional, light-filled and oriented toward lifestyle. Residents benefit from direct access to promenade, marina berths, retail, F&B options and a full lifestyle offering. With completion slated for Q4 2029 and flexible payment terms available, the project presents a compelling opportunity for home-buyers and investors alike.

Property Information

Developer: Ellington Properties
Location: Mina Rashid, Dubai
Ownership Type: Freehold
Handover Date: Q4 2029
Configuration: Three residential towers + one business tower
Unit Mix & Size Range:

• Studios: approx. 395 – 454 sq ft

• 1-Bedroom apartments: approx. 767 – 915 sq ft

• 2-Bedroom apartments: approx. 1,172 – 1,377 sq ft

• 2-Bedroom + Study: approx. 1,370 – 1,533 sq ft

• 3-Bedroom apartments (or 3-Bedroom + Study in some sources): approx. 1,723 – 1,874 sq ft

• 4-Bedroom Penthouses: approx. 3,440 sq ft
  Total Number of Units: 408 across three towers.
  Service Charge Estimate: Approx. AED 17 per sq ft.
  Payment Plan: Flexible 70/30 (70% during construction milestones, 30% on completion/handover).
  View & Orientation: Marina, Arabian Gulf, Downtown Dubai skyline, waterfront promenade.
  Design Theme: Architecture inspired by wind and water, soft curves, fluid façades set against the sea background.
  Community & Connectivity: Located in the transformed Mina Rashid waterfront destination, offering yacht-berthing, promenade living and easy access to central Dubai highways.

Detailed Description

The Portside Square Mina Rashid development invites residents into a new paradigm of waterfront residential living in Dubai. Anchored in one of the city’s most historic maritime locations, the project resides in Mina Rashid—a neighbourhood once defined by shipping, trade and port activity, now reborn as a vibrant coastal residential precinct with marina promenades, dining, leisure and connection to the sea.
Every element of Portside Square Mina Rashid has been conceived to bring together heritage and modernity, architecture and lifestyle. The towers themselves rise with sculptural elegance, their facades articulating motion, flow and light in reference to the rhythms of waves and wind. Inside, the homes are crafted for comfort and style: large windows frame panoramic views over marina and sea, interiors balance elegance with coastal warmth, kitchens are practical yet sophisticated, living spaces invite light and movement, and terraces or balconies bring the outside in.
The residential mix caters to a broad spectrum—from young professionals and couples looking for a studio or one-bedroom apartment, to families seeking two-bedroom or three-bedroom homes, and discerning buyers wanting the space and privilege of a four-bedroom penthouse. Each unit type benefits from high-quality finishing, thoughtful layout and access to resort-style amenities.
But living at Portside Square Mina Rashid is about more than just a home—it is about a lifestyle. The development weaves in wellness, connectivity, recreation, social zones and marina-front leisure as integral parts of daily life. Whether residents are strolling the waterfront promenade, dipping into a pool at dusk, working from a co-working lounge, or enjoying an evening out at nearby retail and dining outlets, the setting is designed to deliver both tranquillity and pulse.
Connectivity to the broader Dubai landscape is strong. Downtown Dubai, Dubai Marina, Sheikh Zayed Road, Dubai International Airport and other major hubs are all within easy reach, while the waterfront setting offers a sense of escape. For investors, the freehold status and strong demand forecast in waterfront communities make Portside Square Mina Rashid a compelling proposition for capital growth and rental yield.
Designed for tomorrow yet rooted in the legacy of the port, Portside Square Mina Rashid positions itself as a landmark residential offering where every home, every amenity and every connection has been considered to elevate lifestyle and investment value.

Payment Plans

Portside Square Mina Rashid offers a structured, investor-friendly payment plan, designed to minimise upfront burden and spread payment across construction milestones. A typical payment schedule is as follows:

• 20% at booking

• 10% payable 60 days after reservation

• 10% payable 120 days after reservation

• 5% payable at 240 days

• 5% payable at 360 days

• 5% payable on completion of 20% construction

• 5% payable on completion of 30% construction

• 5% payable on completion of 40% construction

• 5% payable on completion of 50% construction

• 30% payable on handover/completion of the project
  This flexibility allows buyers to lock in their unit early and spread the balance payments over time, aligning cash-flow with project construction progress. The 70/30 split (70% during construction, 30% on completion) is competitive and helps appeal to both end-users and investors.

Economic Appeal

The economic appeal of Portside Square Mina Rashid is multifaceted, combining location, design, brand and timing to create a strong foundation for both lifestyle and investment. Located in Mina Rashid—a government-backed waterfront regeneration zone—the project benefits from long-term value drivers: limited future supply of premium waterfront residences, proximity to central Dubai hubs, and a distinctive design-led developer brand. For investors, the freehold status opens doors to foreign ownership, the starting price point provides comparative value against other waterfront offerings, and rental yield potential in the area is estimated in the range of 6-8% for well-positioned units. The architectural quality, low-density nature (408 units across three towers), and resort-style amenities support premium positioning and future resale value. By handover in Q4 2029, as the area matures and connectivity improves, Portside Square Mina Rashid is positioned to capture both capital appreciation and sustained rental demand.

Nearby Attractions and Distances

Portside Square Mina Rashid enjoys an enviable waterfront location with excellent connectivity and proximity to many of Dubai’s prime destinations:

• Around 1 minute to the historic cruise liner Queen Elizabeth 2 (QE2) hotel at the marina.

• Around 2 minutes to Mina Rashid Marina.

• Approximately 6 minutes to Sheikh Zayed Road.

• Approximately 10 minutes to Downtown Dubai / Dubai Mall / Burj Khalifa.

• About 14 minutes to Dubai International Financial Centre (DIFC).

• Approximately 10 minutes to Dubai International Airport (DXB).

• Around 18 minutes to Mall of the Emirates.

• Around 20 minutes to Palm Jumeirah.

• Around 25 minutes to Dubai Marina.
  Such proximity ensures residents enjoy quick access to business districts, shopping destinations, leisure hubs and airport connectivity—all while living in a serene waterfront enclave.

Amenities and Facilities

Lobby & Reception Lounge
A welcoming lobby and elegant reception area set the tone for the development. Residents and guests are greeted by high-quality finishes, attentive service and intermission zones that reflect the premium nature of the offering.
EV Charging Station & Bicycle Parking
In support of modern, sustainable living, the project includes electric vehicle charging stations and dedicated bicycle parking—encouraging alternative transport and addressing future mobility trends.
Green Terraces & Shaded Children’s Playground
Landscaped terraces provide peaceful outdoor zones for relaxation, while a shaded children’s playground allows younger residents to play safely in natural surroundings.
Swimming Pool & Kids’ Pool
Resort-style swimming pools—both for adults and children—offer a leisure environment where residents can unwind, socialise and take advantage of the waterfront setting.
Fitness Studio, Yoga & Pilates Studio
Wellness is catered to via dedicated indoor spaces for fitness, yoga and pilates—allowing residents to integrate exercise and mindfulness easily into daily routine without leaving home.
Clubhouse, Leisure Areas & Pool Deck
A clubhouse provides social and leisure zones, pool decks create spaces for sun and relaxation, and sitting areas and sunken seating offer choices for social gatherings, quiet reading or informal work.
Gaming Lounge & Cinema Lounge
Indoor entertainment is catered to with a cinema lounge and a games room—perfect for socialising, hosting family and friends or simply enjoying downtime.
Multipurpose Sports Courts & Jogging Track
For active residents, multipurpose sports courts and external tracks support running, group sports, and active lifestyle routines in a dynamic outdoor environment.
Terrace Garden & Outdoor Yoga
Terrace gardens and outdoor yoga zones allow residents to connect with nature, practice mindfulness and enjoy fresh air with views of the water and skyline.
Co-Working Zone
Given the rise of remote working, a dedicated co-working zone offers residents a flexible workspace within the development—combining convenience and productivity with lifestyle support.
Parking & Covered Parking
Ample parking is provided, including covered parking, ensuring convenience for residents and guests and backing the premium residential offering.
Sauna, Steam Room & Spa
Wellness is further enhanced with spa-level amenities including sauna, steam room and indoor/outdoor spa treatments—supporting resident lifestyle and elevating the living experience.
By combining these facilities, Portside Square Mina Rashid delivers a comprehensive lifestyle offering—leisure, wellness, productivity, social, recreation and connectivity—tailored to modern residential demands and waterfront living.

About the Developer

Ellington Properties is a Dubai-based luxury residential developer founded in 2014, noted for its design-led approach and high-quality deliverables. With a focus on craftsmanship, architecture, lifestyle and aesthetics, Ellington has earned a strong reputation in Dubai for creating refined homes in premium locations such as Downtown Dubai, Palm Jumeirah, Jumeirah Village Circle and now Mina Rashid. Their “Live by Design” philosophy places emphasis on not just creating places to live, but environments that elevate everyday life. With Portside Square Mina Rashid, Ellington extends its expertise and vision into one of Dubai’s emerging waterfront destinations, leveraging brand integrity, design credentials and execution capability. For buyers, developer credentials matter: Ellington’s track record, focus on quality, and ongoing project delivery give confidence in long-term value, finish standards and lifestyle fulfilment.

FAQs

1. What is the location of Portside Square Mina Rashid?
   Portside Square Mina Rashid is located in the historic waterfront precinct of Mina Rashid, Dubai.

2. Who is the developer behind Portside Square Mina Rashid?
   The project is developed by Ellington Properties, a design-led Dubai developer.

3. What types of units are available at Portside Square Mina Rashid?
   The development offers studio units, one-bedroom apartments, two-bedroom apartments, two-bedroom plus study, three-bedroom apartments, and four-bedroom penthouses.

4. What is the size range of units at Portside Square Mina Rashid?
   Sizes begin from approx. 395 sq ft for studios, around 767 sq ft for one-bedroom units, up to approx. 3,440 sq ft for four-bedroom penthouses.

5. Is Portside Square Mina Rashid freehold?
   Yes, ownership is freehold, allowing both nationals and foreign investors to purchase outright.

6. When is the handover scheduled for Portside Square Mina Rashid?
   The handover is scheduled for Q4 2029.

7. What is the payment plan for Portside Square Mina Rashid?
   A flexible payment plan is offered: 20% booking, dedicated milestone payments during construction, and 30% on completion/hand-over.

8. What is the indicative service charge at Portside Square Mina Rashid?
   The estimated service charge is around AED 17 per sq ft.

9. What amenities are included at Portside Square Mina Rashid?
   The project includes lobby/lounge, EV charging, bicycle parking, children’s playground, green terraces, swimming pools, fitness studios, yoga & pilates zones, club house, leisure areas, games & cinema lounges, co-working zone, spa/sauna/steam rooms, sports courts, terrace gardens, jogging tracks and covered parking.

10. Why is Portside Square Mina Rashid considered a good investment?
    The project combines a prime waterfront location in a transforming precinct (Mina Rashid), a design-led developer brand (Ellington Properties), flexible payment terms, competitive entry price, strong amenity offering and freehold ownership—all of which contribute to appeals for both home-buyers and investors.