Ocean Cove by Emaar in Mina Rashid: Getting In for 10%
The headline here is the entry cost: a 10% down payment to reserve a unit. That is a low upfront commitment for a Dubai waterfront apartment from Emaar Properties. The structure suits buyers who want to preserve capital at the point of purchase while securing a position in this location.
Ocean Cove is a residential apartment development by Emaar Properties in Mina Rashid, Dubai.
Mina Rashid: Dubai's Waterfront District
Mina Rashid sits on Dubai's waterfront, adjacent to Bur Dubai and close to the Port Rashid area. The location places residents within easy reach of Bur Dubai's established retail, dining, and transport links. Dubai Metro stations are accessible nearby, and the main roads connect directly to Business Bay, Downtown Dubai, and Dubai International Airport. The drive to Downtown is typically around 15 to 20 minutes depending on traffic.
For buyers weighing this location, Mina Rashid offers a waterfront address close to the city's original commercial and cultural centre. Bur Dubai and Deira are on either side, providing dense, established infrastructure for daily life. This is more urban Dubai than the larger master communities further south and west: tighter, more connected to the older city, with the waterfront as the main residential draw.
What AED 1.76M to AED 3.44M Buys You Here
The price range runs from AED 1,760,000 to AED 3,440,000. That is a wide spread, with the top nearly double the entry point. Ocean Cove covers multiple apartment sizes and configurations under a single project.
At the lower end, buyers are looking at smaller units. These are practical for investors targeting rental income or individuals entering the Dubai apartment market. At the upper end, the price points to larger multi-bedroom apartments better suited to families or buyers who want meaningful living space in a waterfront setting. The breadth of the range means the project serves several distinct buyer profiles, from yield-focused investors to end-users.
All units are apartments. There are no villas or townhouses in this development.
What the Amenities Say
| Category | Amenities |
|---|---|
| Recreation | Indoor Swimming Pool, Gymnasium |
| Outdoor | Landscaped Gardens |
| Dining | Restaurants |
| Family | Children's Play Area |
The indoor pool is the most notable item on this list. Dubai's climate makes outdoor pools uncomfortable for several months of the year, and an indoor facility removes that seasonal limitation entirely.
With five amenities, this is a lean offering. The set covers the core needs for active residents and families: fitness, outdoor space, dining, and a children's area. The on-site restaurant adds practical convenience, particularly in summer. The overall amenity profile suggests a project targeting residents who value location and developer pedigree over an extensive lifestyle complex.
August 2028: Three Years to Handover
Construction began in October 2024. The target handover date is August 2028, placing completion roughly three years from now for a buyer entering today.
Off-plan buyers entering at this stage lock in today's price and wait approximately three years before the unit delivers. The majority of the payment schedule runs during the construction period, with a final 20% lump sum due at handover. For investors, rental income from this asset is approximately three years out.
Getting In for 10%
| Milestone | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 70% |
| On handover | 20% |
A 10% down payment means a buyer at AED 1,760,000 commits just AED 176,000 to secure the unit. At the top of the range, a buyer at AED 3,440,000 puts down AED 344,000. Across both ends, the upfront cost is a modest fraction of the total price.
The construction-linked tranche at 70% is the dominant component. It runs across build milestones over approximately three years, representing an ongoing cash commitment well beyond the initial deposit. The payment plan has no post-handover element. The full remaining balance, including the final 20%, clears before keys are received.