2BR Corner Apartment in Marina Place Phase 2, Mina Rashid, Below OP Plus DLD, Full Sea View

Property Overview

A 2BR corner apartment is available in Marina Place Phase 2 by Emaar Properties, located at Mina Rashid, Dubai. The unit offers 1,323 sqft of built-up area with a full sea view and is priced at AED 4,350,000 (AED 3,288 per sqft). The seller states the price is below the original purchase price plus DLD fee, representing a 17.7% reduction from the total investment of AED 5,283,495. Off-plan handover is scheduled for Q4 2028.

Deal Analysis: OP Plus DLD Covered

The agent states an original purchase price of AED 5,080,284. Adding the 4% DLD transfer fee of AED 203,211 brings the total investment to AED 5,283,495. At the asking price of AED 4,350,000, the seller stands to lose AED 933,495 or 17.7% of their total investment.

DLD Transaction Verification

A DLD primary transaction from June 2026 recorded a 2BR apartment at exactly 1,323 sqft in Marina Place Phase 2 for AED 4,902,888 (AED 3,705 per sqft). This is the same unit size as the subject listing and likely represents a developer-to-buyer sale. The agent's stated OP of AED 5,080,284 is 3.6% higher than this DLD figure, which is plausible given potential premiums for a corner position and full sea view orientation.

Three other DLD off-plan transactions in the project show 2BR units at 1,164 sqft (AED 3,885,000, Dec 2025) and 1,278 sqft (AED 3,241,888, Mar 2026), confirming active primary sales at varying price points by unit size.

Competing Listings: Cheaper Option Available

An active 2BR listing at the same 1,323 sqft size in Marina Place Phase 2 is priced at AED 4,150,000 (AED 3,136 per sqft), which is AED 200,000 cheaper than this listing. That listing also claims 15% below OP and describes sea views, though it does not specify a corner position. Back-calculating the competing listing's implied OP (AED 4,150,000 divided by 0.85) gives approximately AED 4,882,353, which aligns closely with the June 2026 DLD primary at AED 4,902,888.

This raises a question about the AED 200,000 difference between the two listings. The corner position and potentially superior view orientation of this listing could justify a premium, but buyers should compare both units directly before deciding.

Additionally, a 2BR at 1,278 sqft in the same project is listed on Bayut at AED 2,850,000 (AED 2,230 per sqft). While this is a smaller layout, the significantly lower price point (37% cheaper per sqft) is worth investigating.

About Marina Place Phase 2

Marina Place Phase 2 is part of Emaar Properties' Rashid Yachts and Marina development at Mina Rashid (formerly Port Rashid), Dubai. The project offers apartments ranging from 1BR (801 to 910 sqft) to 3BR (1,718 to 1,954 sqft), as well as 3BR townhouses (2,543 to 2,557 sqft). Property Finder indicates the project is sold out at the developer level.

The developer payment plan is 10/70/20: 10% down payment at booking, 70% during construction and 20% on handover. As an off-plan resale, the exact installment obligations transferring to a new buyer depend on the seller's SPA terms.

Construction Status

As of April 2026, construction stood at approximately 2% completion according to Dubizzle inspection data. The developer handover target is Q4 2028 (December 2028). Starting from 2% in April 2026 with a December 2028 target gives roughly 32 months of construction runway, which is achievable for a residential tower but assumes no significant delays. Buyers should request current progress updates from Emaar.

Layout and Views

The apartment provides 1,323 sqft across 2 bedrooms. This is one of the larger 2BR layouts in the project, which ranges from 1,163 to 1,402 sqft for 2BR units. The corner position typically provides additional natural light and wider view angles compared to standard layouts. The agent states a full sea view, which is consistent with Mina Rashid's waterfront positioning on the Arabian Gulf coastline.

Location and Connectivity

Mina Rashid is a waterfront district in Bur Dubai, formerly the commercial Port Rashid. The area is being developed by Emaar as Rashid Yachts and Marina, combining residential towers with a marina, waterfront promenade and retail destinations. The location provides approximately 10 minutes to Sheikh Zayed Road, 15 minutes to Dubai International Airport and 20 minutes to Downtown Dubai and Burj Khalifa. The district sits adjacent to the historic Al Fahidi and Al Shindagha areas.

Verification Notes

• The original purchase price of AED 5,080,284 is stated by the agent. The precise figure (not a round number) suggests it is from an SPA document. A DLD primary transaction of AED 4,902,888 for the same 1,323 sqft size partially corroborates this, with the 3.6% premium plausibly attributable to corner positioning and sea view.
• The 4% DLD fee of AED 203,211 is calculated based on standard Dubai Land Department transfer charges.
• An active competing listing at the same 1,323 sqft size is priced at AED 4,150,000, which is AED 200,000 cheaper than this listing. Buyers should compare both options.
• A 2BR at 1,278 sqft on Bayut at AED 2,850,000 is significantly cheaper per sqft. The reason for this price disparity warrants investigation.
• Construction at 2% (April 2026) is very early stage. The Q4 2028 handover is achievable but assumes steady progress. Current status should be confirmed with the developer.
• Corner unit and full sea view are agent-stated features. These should be verified with the unit floor plan and window orientation.