Ocean Point 1 by Emaar: Waterfront Apartments and Townhouses at Mina Rashid
Emaar Properties is developing Ocean Point 1 on the Mina Rashid waterfront, a port district in central Dubai that has been progressively redeveloped for residential use. The project forms part of the wider Ocean Point master plan and offers a mixed range: from compact one-bedroom apartments to three-bedroom townhouses above 3,000 square feet. Construction broke ground in April 2024, with completion scheduled for June 2028.
Where Mina Rashid Puts You
Mina Rashid occupies a stretch of Dubai's historic port coastline, positioned between Deira to the north and Bur Dubai to the west. The area sits roughly 10 to 15 minutes by car from Dubai International Airport and around 20 to 25 minutes from Downtown Dubai. It is not the first choice for someone commuting to Dubai Marina or JLT, but it gives direct access to the older parts of the city where retail, dining, and transport infrastructure already exist. The waterfront setting is the primary draw.
What AED 1.66M to AED 5.79M Looks Like Here
The price range spans nearly four times from entry to top, reflecting two structurally different product types within the same development.
| Property Type | Bedrooms | Size Range | Starting Price |
|---|---|---|---|
| Apartment | 1BR | 788 to 972 sq ft | AED 1,660,888 |
| Apartment | 2BR | 1,158 to 1,479 sq ft | AED 2,400,888 |
| Apartment | 3BR | 1,607 to 1,972 sq ft | AED 3,330,888 |
| Townhouse | 3BR | 3,057 to 3,087 sq ft | AED 5,790,888 |
At AED 1,660,888, the one-bedroom entry point is accessible for a waterfront project by a major developer. These apartments, ranging from 788 to 972 square feet, suit investors looking for a manageable ticket size at a branded address, and buyers who want to step onto the Mina Rashid waterfront without a large capital outlay.
The two-bedroom apartments start at AED 2,400,888. Sizes run from 1,158 to 1,479 square feet, which works for a small family or a working couple who need a dedicated home office.
The three-bedroom townhouses are a different proposition. At over 3,000 square feet and priced from AED 5,790,888, these are large, house-like units with private configurations. The gap between a three-bedroom apartment at AED 3,330,888 and a townhouse at AED 5,790,888 reflects the scale difference: roughly 1,600 versus 3,060 square feet. The townhouses target end-users who want space and a waterfront address without moving to a villa community.
Getting In for 10%
| Payment Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 80% |
| Handover | 10% |
A 10% down payment keeps the initial commitment low. The 80% construction-linked tranche is front-loaded before handover, so buyers will be making regular instalments through the four-year build period leading to June 2028. The final 10% is due at keys.
What the Amenity Set Points To
| Category | Amenities |
|---|---|
| Water | Infinity Pool, Shared Pool, Children's Pool |
| Fitness | Gymnasium |
| F&B | Restaurants |
| Family | Children's Play Area |
Six amenities is a lean count, but the composition matters. Three pool facilities, on-site restaurants, and a children's play area signal a project built for resident families, not a largely investor-held building. An infinity pool on a waterfront site is a natural fit. On-site dining reduces reliance on the surrounding district, which is still developing. The overall amenity mix reads as a community for people who will live here daily.
Four Years Out: What June 2028 Means
Construction started in April 2024 and is targeted for completion in June 2028. Buyers entering now are taking a four-year off-plan position. For investors, the four years before delivery give time to see how the waterfront address and surrounding district take shape. For end-users, a mid-2028 handover gives the neighbourhood time to fill out alongside the building.