Portside Square By Ellington

Portside Square by Ellington Properties is a landmark waterfront residential development at Mina Rashid (Port Rashid), Dubai's historic maritime gateway now being transformed into one of the city's most ambitious waterfront districts. Comprising three sculptural residential towers of 16 to 18 floors plus a dedicated business tower and prismatic amenity pavilion, the development blends maritime industrial heritage with contemporary design across 408 to 448 residences from studio to 3-bedroom apartments and penthouses. The wave-form tower facades mirror the calming movement of the Arabian Gulf, while interiors draw inspiration from the fluid patterns of the sea and Dubai's historic trading legacy, featuring metallic textures, timber details, central kitchen islands and floor-to-ceiling glazing capturing panoramic Gulf and marina views. Every amenity space tells a maritime story, from The Still Harbour yoga studio to The Quiet Deck spa with cold plunge and aromatherapy, the Collector's Lounge, aqua cycling, Games Room with billiards and shuffleboard, and a lighthouse-inspired kids play area. Ellington Art Foundation commissioned artworks by regional artists are integrated throughout community spaces, transforming common areas into living galleries. The projected rental yield is 6% to 7% annually.

• Unit Types: Studio, 1BR, 2BR, 2BR with Study, 3BR Apartments and Penthouses

• Starting Price: AED 1,188,000 (Studio)

• Payment Plan: 70/30 with 20% Booking

• Handover: Q4 2027 to Q1 2028

• Towers: 3 Residential Towers (16 to 18 Floors) Plus Business Tower and Amenity Pavilion

• Total Units: 408 to 448 Residences

• Location: Adjacent to QE2 Hotel, Mina Rashid Marina, 10 Minutes from Downtown Dubai

• Design: Wave-Form Facades, Maritime Heritage, Timber Details, Metallic Accents, Miami-Inspired Waterfront

• Art: Ellington Art Foundation Commissioned Regional Artworks Throughout Community

• Developer: Ellington Properties, 96% Occupancy Rate, Award-Winning Boutique Developer

• Ellington Properties' flagship Mina Rashid development, the only boutique award-winning design address in Dubai's most ambitious waterfront regeneration district

• Three sculptural waterfront towers adjacent to QE2 Hotel and Mina Rashid Marina with panoramic Arabian Gulf views

• The Still Harbour yoga studio, The Quiet Deck cold plunge spa, Collector's Lounge, aqua cycling, Games Room and lighthouse-inspired kids play area, a maritime-narrative amenity programme found nowhere else in Dubai

• Ellington Art Foundation commissioned regional artworks integrated throughout community spaces, turning common areas into living galleries

• Projected gross yields of 6% to 7% annually with premium waterfront and boutique design positioning above standard Port Rashid product

• 10 minutes from Downtown Dubai and Dubai International Airport, 6 minutes from Sheikh Zayed Road

• Ellington's 96% occupancy rate across delivered projects is the strongest end-user demand metric of any Dubai boutique developer

• Mina Rashid waterfront regeneration positions early buyers for strongest appreciation as district transforms over 2027 to 2035

• Business tower within complex creating captive live-work professional community for sustained rental demand

• 70/30 payment plan, 20% booking, 50% during construction, 30% at Q4 2027 to Q1 2028 handover

• AED 2M Plus qualifies for UAE 10-Year Golden Visa, extendable to immediate family and household staff

• Freehold ownership, 100% foreign ownership permitted, zero income tax and zero capital gains tax

• Adjacent to Queen Elizabeth 2 Hotel, 1 Minute, Iconic Floating Heritage Hotel and Dining Destination

• Mina Rashid Marina, 2 Minutes, Yacht Club and Marina Docking Facilities

• Sheikh Zayed Road (E11) 6 Minutes Drive, Dubai's Main Coastal Highway

• Downtown Dubai and Burj Khalifa 10 Minutes Drive

• Dubai Mall 10 Minutes Drive

• Dubai International Airport (DXB) 10 Minutes Drive

• DIFC 14 Minutes Drive

• Dubai Design District (d3) 15 Minutes Drive

• Al Ghubaiba Metro and Bus Hub Within Proximity

• Business Bay 15 Minutes Drive

• La Mer Beach 15 Minutes Drive

• Jumeirah Beach 15 Minutes Drive

• Bur Dubai Heritage District Walking Distance to Cultural Sites

• Dubai Marina 25 Minutes Drive

• Al Maktoum International Airport (DWC) 35 Minutes Drive

Portside Square delivers a narrative-driven amenity programme where every space is named and designed around Mina Rashid's maritime heritage, creating a deeply immersive residential experience beyond the standard luxury amenity suite.

• Leisure Pool and Kids Pool with Sun Loungers and Poolside Cabanas

• Outdoor Running Track with Marina Views

• Outdoor Fitness Area and Wellness Zones

• Fully Equipped Indoor Gym and Wellness Studios

• The Still Harbour Yoga Studio, Maritime-Named Mindfulness Space

• Pilates Studio with Professional Equipment

• Aqua Cycling, Water-Based Fitness Innovation

• The Quiet Deck, Spa Sanctuary with Sauna, Steam, Aromatherapy Rooms, Hot and Cold Plunge Therapy

• Collector's Lounge, Art-Inspired Social Space Celebrating Regional Artists

• Games Room with Billiards, Foosball, Arcade and Shuffleboard

• Cinematic Lounge with Private Event Hire Option

• Co-Working Pods and Clubhouse Lounge for Remote Professionals

• Amphitheatre Seating for Community Events and Performances

• Flexible Lawn Spaces and Landscaped Green Terraces

• Lighthouse-Inspired Maritime Themed Kids Play Area with Tactile Safety Features and Wave-Patterned Flooring

• Indoor and Outdoor Kids Play Zones

• Dedicated Drop-Off Area and Luxury Lobby Lounge

• Ellington Art Foundation Commissioned Artworks Throughout Community Spaces

• Bicycle Parking and EV Charging Stations

• 24/7 Security and Concierge Services

• Dedicated Parking

• Studio - To be confirmed, 3 Towers, 1 Bathroom, Parking: 1 Space, Gulf or Marina Views, Price AED 1,188,000

• 1BR Apartment - Size: Approx. 800 Sqft, 3 Towers, 1 Bedroom, 1-2 Bathrooms, Parking: 1 Space, Arabian Gulf or Marina Views, Price AED 2,400,000

• 2BR Apartment - Size: 1,100 to 1,400 Sqft, 3 Towers, 2 Bedrooms, 2-3 Bathrooms, Parking: 1 Space, Panoramic Gulf or Skyline Views, Price AED 3,600,000

• 2BR Apartment with Study - Size: To be confirmed, 3 Towers, 2 Bedrooms + Study, 2-3 Bathrooms, Parking: 1 Space, Price on Request

• 3BR Apartment - Size: 1,500 to 1,700 Plus Sqft, 3 Towers, 3 Bedrooms, 3-4 Bathrooms, Parking: 2 Spaces, Panoramic Gulf, Marina and Skyline Views, Price AED 5,100,000 Plus

• Penthouse - Upper Floors, Multiple Bedrooms, Private Terrace, 360-Degree Views, Ultra-Premium Finishes, Price on Request

• Payment Plan: 70/30

• On Booking: 20%

• During Construction: 50% in staged milestone-based instalments

• On Handover: 30% (Q4 2027 to Q1 2028)

Market Snapshot

• Mina Rashid is one of Dubai's most ambitious waterfront regeneration projects, transforming Dubai's historic maritime gateway into a premium residential and lifestyle destination

• Portside Square's rare waterfront position with Arabian Gulf views, marina adjacency and QE2 Hotel neighbour creates a globally distinctive address

• Ellington Properties reports a 96% occupancy rate across all delivered projects, the strongest end-user demand metric of any Dubai boutique developer

• Ellington design premium of 10 to 20% above comparable non-Ellington product in the same corridor applies consistently at resale

• 10 minutes from Downtown Dubai, 10 minutes from DXB Airport and direct Sheikh Zayed Road access in 6 minutes places Portside Square in one of Dubai's most connected addresses

• Mina Rashid is being positioned as a premium cultural and lifestyle waterfront district with yacht club, boardwalks, beach cafes, art galleries and premium restaurants

Rental Yield

• Projected gross rental yields of 6% to 7% annually for Portside Square units based on Mina Rashid market positioning

• Studio at AED 1.19M estimated gross annual rental income of AED 71,280 to AED 83,160 at 6% to 7% yield

• 1BR at AED 2.4M estimated gross annual rental income of AED 144,000 to AED 168,000 at 6% to 7% yield

• 3BR at AED 5.1M estimated gross annual rental income of AED 306,000 to AED 357,000 at 6% to 7% yield

• Business tower in the same complex creates live-work demand from professionals wanting to both work and reside in Portside Square

• QE2 Hotel adjacency, marina views, Collector's Lounge, aqua cycling and cold plunge therapy position Portside Square for short-term Airbnb premium above standard Bur Dubai or Port Rashid product

Capital Appreciation

• Mina Rashid is undergoing the single largest waterfront regeneration in Bur Dubai and historic Dubai, positioning early buyers for strongest appreciation as the district transforms

• Waterfront properties in Dubai command 15 to 25% premium above comparable inland product, a premium that compounds as Mina Rashid matures

• Ellington design premium of 10 to 20% above non-Ellington product at resale is validated across all delivered projects

• Only 408 to 448 units across 3 towers ensures boutique scarcity in a district with significant long-term demand growth

• Ellington Art Foundation integration turns each common area into a curated gallery, adding a cultural premium unique to Portside Square in all of Mina Rashid

• Business tower within the complex ensures a self-sustaining professional community, supporting long-term rental demand independent of external market cycles

Price Per Sqft Value

• Studio from AED 1.188M and 1BR at AED 2.4M for a boutique Ellington waterfront address with Arabian Gulf views and marina adjacency in Mina Rashid represents compelling value

• Comparable Ellington product in Dubai Marina and JBR transacts at significantly higher price per sqft for similar quality and Gulf-view positioning

• 70/30 plan with 20% booking and 30% at Q4 2027 to Q1 2028 handover provides manageable cash flow

• Premium penthouse units on upper floors represent ultra-scarce product with the most direct Arabian Gulf panorama at Mina Rashid

Key Risk to Note

• 30% at Q4 2027 to Q1 2028 handover requires mortgage planning from mid-2025 at the latest

• UAE residents access up to 80% LTV mortgages, non-residents up to 50% LTV

• UAE banks offer off-plan pre-approval up to 24 months in advance of handover

• Mina Rashid is a regeneration district and full retail, F&B and lifestyle activation will take 2 to 3 years post-handover to reach full maturation

• A minimum 2 to 4 year hold post-handover recommended for full regeneration district premium capture

Q1. What makes Portside Square unique in Dubai?

Portside Square is the only Ellington Properties development in Mina Rashid, bringing the boutique developer's award-winning design ethos to Dubai's most ambitious waterfront regeneration district. The maritime-heritage-inspired architecture, Ellington Art Foundation gallery-quality common spaces, The Still Harbour yoga studio, The Quiet Deck cold plunge spa, Collector's Lounge, aqua cycling and lighthouse-themed kids play area create an experience found nowhere else in Dubai. The adjacent QE2 Hotel and Mina Rashid Marina add unmatched lifestyle prestige.

Q2. How do I handle the 30% payment at Q4 2027 to Q1 2028 handover?

Start mortgage pre-approval by mid-2025. UAE residents access up to 80% LTV, non-residents up to 50% LTV. The 50% construction instalments are milestone-linked, providing predictable payment over the build period. Ellington's 96% occupancy rate and boutique quality support strong UAE bank mortgage approval confidence.

Q3. Will property values appreciate?

Yes. Mina Rashid is Dubai's largest active waterfront regeneration project and early buyers historically capture the strongest appreciation as districts transform. Waterfront premium of 15 to 25% above inland product, Ellington's 10 to 20% design premium, boutique scarcity of 408 to 448 units, and Ellington Art Foundation curation all support strong long-term appreciation.

Q4. What rental income can I expect after handover?

Projected 6% to 7% gross yields. On a 1BR at AED 2.4M that is approximately AED 144,000 to AED 168,000 annually. Maritime views, QE2 Hotel adjacency, marina access and The Quiet Deck cold plunge spa create a compelling short-term Airbnb positioning above standard Bur Dubai product. Business tower professionals within the complex create immediate captive long-term tenant demand.

Q5. Who is Ellington Properties and what is the Ellington Art Foundation?

Ellington Properties was founded in 2014 and is Dubai's leading boutique design-led developer, known for award-winning projects across Downtown Dubai, Palm Jumeirah and JVC. The Ellington Art Foundation is their initiative to champion UAE and regional artists by commissioning artworks integrated directly into residential communities, transforming common spaces into living galleries. This makes every Ellington building a cultural destination, not just a residential address, adding a unique premium to both resale and tenant appeal.