AED 135,000 / yearFurnished
Dubai Maritime City and Mina Rashid Market Report: September 2026
In September 2026, the median apartment price in Dubai Maritime City and Mina Rashid was AED 3,202 per sq ft, across 111 residential sales transactions worth AED 307 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
September 2026, compared with August 2026
- 111
- Residential sales transactions +46.1%
- AED307 million
- Sales value +38.9%
- AED3,202
- Apartments, median price per sq ft +2.0%
- 100%
- Off-plan share of sales 111 off-plan sales
- 31
- New lease registrations (Ejari) +138.5%
- AED90
- Apartment rent per sq ft, a year Broadly unchanged
Apartments, median price per sq ft
Apartment rent, median per sq ft a year
Lighter bars: fewer than 30 leases
Apartment sales
Off-planReadyTotal sales
Apartment lease registrations
NewRenewedTotal lease registrations
Homes in Dubai Maritime City and Mina Rashid
Investing in Dubai from abroad?
An advisor can compare these figures with your budget, target yield and timeline, and explain how buying from overseas works, in a call at a time that suits your time zone.
More Maritime City market reports
FAQ
How many residential sales transactions were recorded in Maritime City in September 2026?
Residential sales transactions in Maritime City totalled 111 in September 2026, worth AED 307 million. Sales rose 46.1% month-on-month. Off-plan sales accounted for 100% of the total and owner resales 0%.
What is the price per sq ft in Maritime City?
The median apartment price in Maritime City was AED 3,202 per sq ft in September 2026, across 111 sales; it rose 2.0% month-on-month, and was 93% above the Dubai median.
Are property prices in Maritime City going up or down?
The monthly median apartment price in Maritime City rose 4.2% between January 2026 and September 2026.
How much does a home in Maritime City cost by number of bedrooms?
In Maritime City in September 2026, median prices were AED 2.5 million for a 1-bedroom apartment (72 sales); AED 4.7 million for a 2-bedroom apartment (19 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠Studio | 14 | AED 1.4 million | AED 3,413 |
| 1-bed | 72 | AED 2.5 million | AED 3,201 |
| ⚠2-bed | 19 | AED 4.7 million | AED 2,820 |
| ⚠3-bed | 6 | AED 4.2 million | AED 2,170 |
What is the average rent in Maritime City?
The median rental rate on new apartment lease registrations (Ejari) in Maritime City was AED 90 per sq ft a year in September 2026, across 31 registrations. 31 new leases and 3 renewals were registered with Ejari.
How much does property in Maritime City cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Maritime City in September 2026, the median apartment price of AED 3,202 per sq ft is approximately $872 per sq ft; the median new apartment rental rate of AED 90 per sq ft a year is approximately $25.
How does Maritime City compare with Dubai?
The median apartment price in Maritime City was 93% above the Dubai median in September 2026, at AED 3,202 per sq ft compared with AED 1,662.
| Measure | Maritime City | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 3,202 | AED 1,662 |
| New apartment rent, per sq ft a year | AED 90 | AED 97 |
| Off-plan share of sales | 100% | 68% |
Which buildings in Maritime City recorded the most sales?
Chelsea Residences By Damac by DAMAC recorded the most sales of any building in Maritime City in September 2026, with 29 sales worth AED 77.5 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| ⚠Chelsea Residences By DamacDubai Maritime City | DAMAC | 29 | AED 77.5 million | 100% | AED 3,205 |
| ⚠Breez by DanubeDubai Maritime City | Danube | 20 | AED 37.7 million | 100% | AED 3,474 |
| ⚠Prestige One ResidencesDubai Maritime City | Prestige Luxe | 18 | AED 67.2 million | 100% | AED 3,314 |
| ⚠Oceanz 2 By DanubeDubai Maritime City | Danube | 10 | AED 19.3 million | 100% | AED 2,581 |
| ⚠Fior 1Madinat Dubai Almelaheyah | Emaar | 6 | AED 13.4 million | 100% | AED 2,935 |
| ⚠Chelsea Residences 2 By DamacDubai Maritime City | DAMAC | 4 | AED 12.8 million | 100% | AED 3,155 |
| ⚠Oceanz 1 By DanubeDubai Maritime City | Danube | 4 | AED 7.5 million | 100% | AED 2,888 |
| ⚠Kanyon By BeyondMadinat Dubai Almelaheyah | Cobia | 3 | AED 12.5 million | 100% | AED 2,820 |
| ⚠Mar CasaDubai Maritime City | Deyaar | 3 | AED 11.3 million | 100% | AED 1,831 |
| ⚠ClearpointMadinat Dubai Almelaheyah | Emaar | 3 | AED 7.9 million | 100% | AED 1,794 |
Which developers recorded the most off-plan sales in Maritime City?
Danube recorded the most off-plan sales in Maritime City in September 2026, with 35 sales worth AED 66.7 million, accounting for 32% of off-plan sales. It was followed by DAMAC (33), Prestige Luxe (18).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Danube | 35 | AED 66.7 million | 32% |
| DAMAC | 33 | AED 90.3 million | 30% |
| Prestige Luxe | 18 | AED 67.2 million | 16% |
| Emaar | 12 | AED 32.7 million | 11% |
| Beyond | 3 | AED 13.4 million | 3% |
| Cobia | 3 | AED 12.5 million | 3% |
| Deyaar | 3 | AED 11.3 million | 3% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). Dubai Maritime City and Mina Rashid Market Report: September 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/dubai-maritime-city-mina-rashid/2026-09. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for September 2026, compared with August 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 2 November 2026. This report is for general information and is not financial or investment advice.