Pier Point 1 at Rashid Yachts & Marina by Emaar Properties

Pier Point 1 at Rashid Yachts & Marina is a residential development by Emaar Properties in the Rashid Yachts & Marina waterfront community in Dubai. It holds 122 homes in total across two towers on one landscaped podium, registered with the Dubai Land Department as a development of ground plus one podium, nine floors and a roof level. The mix runs from one to three bedroom apartments up to a short run of three bedroom townhouses.

The project sits on plot 512 in Madinat Dubai Almelaheyah, inside the Rashid Yachts & Marina community beside Port Rashid, with direct access to the waterfront promenade. Sheikh Zayed Road is about 10 minutes away by car and Dubai International Airport about 15 minutes, with Downtown Dubai, Dubai Mall and Dubai Creek Harbour each about 20 minutes.

Four types are released: 1 Bedroom Apartments of approximately 774 to 811 sq ft (72 to 75 sq m), 2 Bedroom Apartments of approximately 1,213 to 1,373 sq ft (113 to 128 sq m), 3 Bedroom Apartments of approximately 1,669 to 1,907 sq ft (155 to 177 sq m), and 3 Bedroom Townhouses of approximately 2,643 to 2,667 sq ft (246 to 248 sq m). Layouts carry high ceilings, floor to ceiling windows and open plan living space.

Handover is Oct 2028, which matches the completion date on the project's Dubai Land Department registration. The development is in its early construction phase: the most recent RERA inspection, dated 14 May 2026, recorded mobilization, enabling and piling works under way, with the main contract progressing. Monthly progress against RERA inspection data is tracked in the Pier Point 1 construction updates guide.

Prices start from AED 1.93M ≈ USD 526K for a 1 Bedroom Apartment. The 2 Bedroom Apartments start from AED 2.87M ≈ USD 781K, the 3 Bedroom Apartments from AED 4.07M ≈ USD 1.11M, and the 3 Bedroom Townhouses from AED 8.73M ≈ USD 2.38M. Each figure is a starting price for that type, and the final price depends on floor, layout and view.

The registered plan is an 80/20 structure paid in nine instalments: a 10% down payment, seven further instalments of 10% each tied to dated milestones, and a final 20% at the Oct 2028 completion milestone. The schedule was set at the September 2024 launch, so a buyer entering now joins it at the current stage rather than at the beginning, and the balance still outstanding depends on the instalments already called.

The Dubai Land Department registration fee is 4% of the purchase price, paid at booking alongside the first instalment rather than at handover. On the AED 1.93M entry apartment that is about AED 77,200, and on the AED 2.87M two bedroom about AED 114,800. The fee is separate from the developer's own instalment schedule and should be budgeted on top of it.

From the two bedroom tier upward, yes. The property route to the 10 year UAE Golden Visa requires an investment of at least AED 2M ≈ USD 545K, so the 2 Bedroom at AED 2.87M, the 3 Bedroom at AED 4.07M and the 3 Bedroom Townhouse at AED 8.73M all clear the threshold on a single purchase. The 1 Bedroom at AED 1.93M falls below it and does not qualify on its own. The eligibility steps are set out in the Pier Point 1 Golden Visa guide.

Yes. Pier Point 1 at Rashid Yachts & Marina is freehold and open to buyers of all nationalities, with no residency requirement to own. Off plan purchases are registered in the buyer's name with the Dubai Land Department at booking, and the title deed is issued on completion.

Yes. Reservation, the sales and purchase agreement, the Dubai Land Department registration and every instalment can be completed from outside the UAE, and I manage the process end to end with Emaar Properties on the buyer's behalf. No UAE residence visa or local bank account is required to purchase. Each stage of the remote process is documented in my Dubai real estate guide library.

Every instalment is paid into the project's DLD-registered escrow account, held for Pier Point 1 at First Abu Dhabi Bank P.J.S.C., and funds are released to the developer only against verified construction progress. How each release is checked is set out in the Pier Point 1 escrow account guide. The framework is regulated by the Dubai Land Department, which registers the project, the trust account and every off plan sale.

Emaar Properties is the largest real estate developer outside China and the developer behind Burj Khalifa and Dubai Mall. Its published H1 2024 figures, as on 30 June 2024, show revenue of AED 14.4 Bn, net profit of AED 5.3 Bn and a market capitalisation of AED 71.7 Bn, with more than 115,000 residential units delivered since 2002 and more than 42,200 under development across more than 12 global markets.