AED 135,000 / yearFurnished
Dubai Maritime City and Mina Rashid Market Report: October 2026
In October 2026, the median apartment price in Dubai Maritime City and Mina Rashid was AED 3,094 per sq ft, across 221 residential sales transactions worth AED 590 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
October 2026, compared with September 2026
- 221
- Residential sales transactions +99.1%
- AED590 million
- Sales value +92.4%
- AED3,094
- Apartments, median price per sq ft −3.4%
- 97%
- Off-plan share of sales 215 off-plan sales
- 21
- New lease registrations (Ejari) −32.3%
- AED90
- Apartment rent per sq ft, a year⚠ 21 Broadly unchanged
- 4.3%
- Gross rental yield, apartments⚠ 6
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
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FAQ
How many residential sales transactions were recorded in Maritime City in October 2026?
Residential sales transactions in Maritime City totalled 221 in October 2026, worth AED 590 million. Sales rose 99.1% month-on-month. Off-plan sales accounted for 97% of the total and owner resales 3%.
What is the price per sq ft in Maritime City?
The median apartment price in Maritime City was AED 3,094 per sq ft in October 2026, across 221 sales; it declined 3.4% month-on-month, and was 86% above the Dubai median.
Are property prices in Maritime City going up or down?
The monthly median apartment price in Maritime City rose 0.6% between January 2026 and October 2026.
How much does a home in Maritime City cost by number of bedrooms?
In Maritime City in October 2026, median prices were AED 2.5 million for a 1-bedroom apartment (124 sales); AED 3.5 million for a 2-bedroom apartment (55 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| Studio | 35 | AED 1.4 million | AED 3,446 |
| 1-bed | 124 | AED 2.5 million | AED 3,144 |
| 2-bed | 55 | AED 3.5 million | AED 2,797 |
| ⚠3-bed | 6 | AED 5.1 million | AED 2,879 |
| ⚠4-bed | 1 | AED 12.0 million | AED 3,500 |
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 October 2026, across 21 registrations. 21 new leases and 5 renewals were registered with Ejari.
What is the rental yield in Maritime City?
The gross rental yield on ready apartments in Maritime City was 4.3% in October 2026, comparing median new rents with median ready sale prices per sq ft.
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 October 2026, the median apartment price of AED 3,094 per sq ft is approximately $842 per sq ft; the median new apartment rental rate of AED 90 per sq ft a year is approximately $24.
How many prime sales were recorded in Maritime City?
1 prime sales (AED 10 million and above) were recorded in Maritime City in October 2026, worth AED 12.0 million and accounting for 0.5% of sales. Villas and townhouses accounted for 0 of them and off-plan sales for 1.
How does Maritime City compare with Dubai?
The median apartment price in Maritime City was 86% above the Dubai median in October 2026, at AED 3,094 per sq ft compared with AED 1,661.
| Measure | Maritime City | Dubai |
|---|---|---|
| Apartments, median per sq ft | AED 3,094 | AED 1,661 |
| ⚠New apartment rent, per sq ft a year | AED 90 | AED 95 |
| ⚠Gross yield, apartments | 4.3% | 6.9% |
| Off-plan share of sales | 97% | 59% |
Which buildings in Maritime City recorded the most sales?
Portside Square by Ellington recorded the most sales of any building in Maritime City in October 2026, with 82 sales worth AED 237 million.
| Building or sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| Portside SquareMadinat Dubai Almelaheyah | Ellington | 82 | AED 237 million | 100% | AED 2,944 |
| Chelsea Residences By DamacDubai Maritime City | DAMAC | 57 | AED 150 million | 100% | AED 3,215 |
| ⚠Breez by DanubeDubai Maritime City | Danube | 26 | AED 49.4 million | 100% | AED 3,795 |
| ⚠Kanyon By BeyondMadinat Dubai Almelaheyah | Cobia | 6 | AED 25.1 million | 100% | AED 3,089 |
| ⚠Fior 1Madinat Dubai Almelaheyah | Emaar | 6 | AED 16.4 million | 100% | AED 2,932 |
| ⚠Mar CasaDubai Maritime City | Deyaar | 6 | AED 11.2 million | 100% | AED 1,836 |
| ⚠Aria By BeyondDubai Maritime City | Blue Star | 4 | AED 15.3 million | 100% | AED 2,596 |
| ⚠Oceanz 1 By DanubeDubai Maritime City | Danube | 4 | AED 7.5 million | 100% | AED 2,871 |
| ⚠The Anwa By OmniyatDubai Maritime City | Omniyat | 3 | AED 9.1 million | 0% | AED 2,120 |
| ⚠The PierDubai Maritime City | Continental Investments | 3 | AED 8.2 million | 100% | AED 2,797 |
Which developers recorded the most off-plan sales in Maritime City?
Ellington recorded the most off-plan sales in Maritime City in October 2026, with 82 sales worth AED 237 million, accounting for 38% of off-plan sales. It was followed by DAMAC (60), Danube (33).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Ellington | 82 | AED 237 million | 38% |
| DAMAC | 60 | AED 160 million | 28% |
| Danube | 33 | AED 62.2 million | 15% |
| Emaar | 14 | AED 32.4 million | 7% |
| Cobia | 6 | AED 25.1 million | 3% |
| Deyaar | 6 | AED 11.2 million | 3% |
| Blue Star | 4 | AED 15.3 million | 2% |
| Beyond | 4 | AED 12.1 million | 2% |
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: October 2026. Data: Dubai Land Department. Published 4 November 2026. https://richmondproperties.ae/insights/market-reports/dubai-maritime-city-mina-rashid/2026-10. 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 October 2026, compared with September 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 4 November 2026. This report is for general information and is not financial or investment advice.