DISTRESS DEAL | Pier Point | 2BR Corner Mina Rashid | AED 524K Below OP | Marina & Park View

• Unit: 2-Bedroom corner apartment at Pier Point by Emaar Properties, Rashid Yachts & Marina (Mina Rashid), Dubai, UAE
• Size & Floor: 1,285 sq ft (119.36 sq m), mid floor, corner position — partial marina and park views across two elevations
• Price: AED 2,400,000 — the seller’s total outlay was AED 3,040,843 (OP + DLD). The buyer enters at AED 523,888 below the original developer price and saves the full AED 116,955 DLD the seller already paid
• Payment: Emaar 80/20 payment plan (10% booking / 70% construction / 20% handover) fully transferable; Q4 2028 handover (October 2028)
• Key USP: Corner unit in a fully Emaar-master-planned AED 25 billion waterfront destination — one of the few off-plan positions available below original developer pricing in a community where comparable new launches are pricing at AED 2,080,888+ for 1BR units, let alone 2BR

What is this Pier Point 2BR deal in Mina Rashid, Dubai?

This 2BR Pier Point Mina Rashid for sale is a genuine early-exit by the original buyer. The seller paid AED 2,923,888 to Emaar plus AED 116,955 in DLD fees — a total outlay of AED 3,040,843. They are now offering the unit at AED 2,400,000: a straight write-off of AED 523,888 (17.9%) against their developer cost, and a clean transfer at AED 1,868 per sq ft. For the incoming buyer, the DLD payable is calculated on the AED 2,400,000 transfer price (AED 96,000), not the original AED 2,923,888 — creating an additional AED 20,955 in effective savings compared to buying at the original price and paying full DLD.

Pier Point is a two-tower low-rise development by Emaar Properties within Rashid Yachts & Marina, the AED 25 billion waterfront masterplan at Port Rashid (historically known as Mina Rashid) on Dubai’s historic Bur Dubai coastline. This specific unit is a corner position on a mid floor — a configuration that delivers dual-aspect views across the marina basin on one side and the landscaped community park on the other. Corner units at Pier Point represent a premium within the building, as they provide oblique views where a standard unit has one direct orientation. The 1,285 sq ft layout is among the largest 2BR configurations available in the project, benefiting from the dual frontage of the corner position and the efficient Emaar floor plan design with full-height windows and integrated balcony.

The seller’s exit is a personal portfolio decision — the original buyer is unwilling to carry the remaining installments to the Q4 2028 handover and is offering below cost to enable a clean, fast transfer. With approximately 30 months of construction remaining, the buyer acquires early in the asset’s value appreciation cycle, in a community where Emaar is the sole master developer and no external competition for land or product can emerge within the district boundaries.

Pier Point Mina Rashid — Property Specifications

• Project: Pier Point (Phase 1 — Two Low-Rise Towers)
• Developer: Emaar Properties (in partnership with P&O Marinas)
• Community / Area: Rashid Yachts & Marina (Mina Rashid), Bur Dubai, Dubai, UAE
• Unit Type: 2-Bedroom Corner Apartment
• Built-Up Area: 1,285 sq ft (119.36 sq m)
• Floor: Mid Floor — Corner Position (Dual-Aspect)
• View: Partial Marina & Landscaped Park Views
• Bathrooms: 2
• Balcony: Yes — dual-aspect balcony (corner unit configuration)
• Parking: 1 Covered Bay
• Furnishing: Unfurnished
• Handover: Q4 2028 (October 2028)
• Ownership: Freehold
• Payment Status: Transferable Off-Plan (Emaar 80/20 Plan)
• Asking Price: AED 2,400,000
• Original Developer Price: AED 2,923,888
• Seller’s Total Cost (OP + DLD): AED 3,040,843
• Buyer’s Saving vs. OP: AED 523,888 (17.9%)
• Price Per Sq Ft: AED 1,868
• Golden Visa Eligible: Yes (property value exceeds AED 2,000,000)
• Listing Reference: PPNT-MR-2BR-001

Payment Plan — What the Buyer Steps Into

• Seller’s Original Developer Price: AED 2,923,888
• Seller’s DLD Paid at Purchase: AED 116,955 (4% of OP)
• Seller’s Total Outlay: AED 3,040,843
• Distress Transfer Price: AED 2,400,000
• Buyer’s DLD Transfer Fee (4% of AED 2.4M): AED 96,000
• Buyer’s Trustee / Conveyancing Fee: ~AED 4,200
• Buyer’s Total Indicative All-In Cost: ~AED 2,500,200 (plus remaining Emaar installments outstanding at transfer date)
• Emaar 80/20 Payment Plan:
  10% — On booking (September 2024)
  70% — During construction in milestone installments
  20% — On handover (Q4 2028 / October 2028)
  Buyer steps into the seller’s paid position; remaining balance disclosed in full on Emaar payment ledger before MOU signing.
• DLD Saving vs. Buying at OP: AED 20,955 (buyer pays DLD on AED 2.4M, not AED 2,923,888)

The transfer process follows the standard Dubai off-plan secondary market pathway. MOU is signed and a 10% escrow deposit lodged. The seller applies to Emaar Properties for an NOC — typically issued within 5 to 10 working days from the date of application, subject to clearance of any outstanding installments. The DLD transfer is completed at a registered trustee office: AED 96,000 in DLD fee plus approximately AED 4,200 in trustee charges. The title deed is issued in the buyer’s name on the day of transfer, and Emaar updates the unit holder record immediately. Resale of this unit is permitted once 40% of the original payment plan has been paid — a threshold the seller has confirmed is already met, enabling this transfer.

Pricing Analysis — Why This Is a Deal in 2026

• Distress Asking Price: AED 2,400,000 — AED 1,868 per sq ft
• Original Developer Price: AED 2,923,888 — AED 2,275 per sq ft
• Saving vs. Developer Price: AED 523,888 (17.9%)
• Additional DLD Saving: AED 20,955 (DLD calculated on AED 2.4M not AED 2,923,888)
• Total Effective Saving vs. Buying at OP: AED 544,843
• Mina Rashid New Launch Benchmark: Marina Place 1BR starting from AED 2,080,888 — this 2BR corner is AED 319,112 above the cheapest available 1BR new launch price in the same master community
• Estimated Post-Handover 2BR Rental (Mina Rashid): AED 140,000 to AED 180,000 per annum (furnished, based on comparable Bur Dubai and port-district waterfront units)
• Estimated Gross Yield at Distress Price: 5.8% to 7.5%
• Al Shindagha Corridor Upgrade: AED 1.4 billion RTA road project (13 km, 3 bridges) improving access connectivity to the Mina Rashid district — a confirmed infrastructure catalyst
• Projected Value Appreciation by 2028: Comparable Emaar waterfront communities have delivered 15–20% price appreciation between launch and handover; Mina Rashid is earlier in its infrastructure maturity curve

Pier Point Mina Rashid as a 2BR waterfront investment in 2026 is primarily a capital appreciation play with an income carry. At AED 1,868 per sq ft, the buyer enters at the lowest achievable price in the Pier Point building — below the developer’s original launch price, and approximately 18% below the price equivalent in AED-per-sq-ft terms for comparable new Emaar Mina Rashid launches. The Rashid Yachts & Marina masterplan is an Emaar-only development across 6.8 million square feet — there is no third-party developer competition within the district, no fragmented supply, and no risk of Emaar underpricing its own community. As each phase sells out and infrastructure milestones are delivered (the Dubai Mall by the Sea, the floating yacht club, the 12,600 sq m private beach, and the QE2 floating hotel as the district anchor), per-sqft values within the community have consistently moved upward. This is a solid below-OP entry into that trajectory.

Mina Rashid (Rashid Yachts & Marina) — Location and Why It Matters

Rashid Yachts & Marina — historically and colloquially known as Mina Rashid — is a 6.8 million sq ft waterfront masterplan developed exclusively by Emaar Properties in partnership with P&O Marinas along the Port Rashid coastline, positioned between Bur Dubai and Deira on the Arabian Gulf. The district sits 15 km from the Burj Khalifa, 12 km from Dubai International Airport, and approximately 8 km from DIFC — making it one of the few waterfront communities that combines proximity to old Dubai’s cultural and commercial fabric with direct water frontage and a dedicated private marina. Pier Point is located within the innermost section of the masterplan, facing the 430-berth superyacht marina basin — the largest in the UAE — with park and marina views from the corner unit’s dual-aspect frontage.

The community infrastructure around Pier Point at the time of the Q4 2028 handover will include a 12,600 sq m sandy private beach, a 500-metre canal-shaped swimming pool (the longest in Dubai), Dubai’s floating yacht club, the QE2 hotel as the district’s cultural anchor, an interconnected park network, a pedestrian bridge to the House of Sheikh Saeed Al Maktoum museum, and a planned retail destination described as “Dubai Mall by the Sea” — a purpose-built waterfront promenade with dining, boutiques, and entertainment. The Al Shindagha Corridor road upgrade (AED 1.4 billion, 13 km, three bridges) is improving the E11 and D87 road connections to the district, materially reducing travel time to Sheikh Zayed Road and Downtown Dubai from the Mina Rashid peninsula.

Tenant demand in Mina Rashid is currently led by Deira and Bur Dubai’s established corporate and hospitality sectors — proximity to the Gold Souk, Deira City Centre, and the Dubai Creek business corridor puts the district within reach of one of Dubai’s most commercially active employment zones. As the Emaar Rashid Yachts & Marina masterplan delivers its leisure and hospitality infrastructure through 2027 and 2028, resident demographic is expected to broaden to include high-net-worth professionals seeking a marina-lifestyle address at a lower price point than Emaar Beachfront or Dubai Marina — the structural undersupply argument that drove those communities’ appreciation between 2018 and 2025.

Dubai, UAE continues to absorb inflows of high-net-worth residents and investors from South Asia, Europe, and East Africa — all of whom have historically been drawn to waterfront addresses with strong developer-managed infrastructure. Rashid Yachts & Marina, as a fully Emaar-controlled district on the Arabian Gulf, is well-positioned to capture that demand wave through the late 2020s.

Mina Rashid — Distances and Connectivity

• QE2 Floating Hotel (Mina Rashid): 0.5 km — 2 minutes by car / 6 minutes walk
• Hamdan Bin Mohammed Cruise Terminal: 0.8 km — 3 minutes by car
• Al Shindagha Museum: 2.0 km — 5 minutes by car
• Gold Souk, Deira: 4.0 km — 9 minutes by car
• Deira City Centre Mall: 5.0 km — 10 minutes by car
• DIFC Financial Centre: 8.0 km — 13 minutes by car
• Downtown Dubai & Dubai Mall: 12.0 km — 18 minutes by car
• Dubai International Airport (DXB): 12.0 km — 17 minutes by car
• Mall of the Emirates: 20.0 km — 25 minutes by car
• Al Maktoum International Airport (DWC): 40.0 km — 40 minutes by car

Pier Point — Building Amenities

• Infinity-edge swimming pool overlooking the marina basin and Arabian Gulf
• Community park and landscaped podium gardens — green spaces shared across the two-tower podium
• Fully equipped fitness centre with state-of-the-art training equipment
• Outdoor fitness and yoga wellness platforms at podium level
• Dedicated children’s play area and multi-purpose room within the podium
• BBQ areas and outdoor leisure zones within the landscaped grounds
• Retail and dining promenade at ground level with direct marina waterfront access
• Tennis court and outdoor games area for residents
• Sports facilities integrated into the community podium design
• Secure covered parking with CCTV surveillance throughout
• 24-hour security and maintenance services across both towers
• High-speed elevators with smart access control per floor
• Direct promenade access to the 430-berth Rashid Yachts & Marina basin
• Access to the QE2 floating hotel F&B, entertainment, and event facilities (within the masterplan)
• Upcoming: private beach access (12,600 sq m), floating yacht club, canal pool — delivered as community infrastructure through 2027–2028

Who Should Buy This Pier Point 2BR in Mina Rashid?

1. Capital appreciation investor: This buyer’s primary thesis is entry well below the developer’s original price in an Emaar-controlled community whose full infrastructure delivery runs through 2028. At AED 1,868 per sq ft — 17.9% below the OP — the buyer captures the seller’s entire construction-phase appreciation upside without having taken any of the construction-period installment risk. Comparable Emaar waterfront communities (Emaar Beachfront, Dubai Marina) have delivered 40–80% in price-per-sqft growth between their launch phases and post-handover market levels. Even a conservative 20–25% post-handover appreciation from the distress entry price implies a post-handover value of AED 2,880,000 to AED 3,000,000 — approaching or exceeding the seller’s original total outlay of AED 3,040,843. Golden Visa eligibility on this investment adds a personal residency benefit on top of the financial case.
2. Short-term and cruise tourism rental investor: Mina Rashid is the cruise gateway for Dubai — the Hamdan Bin Mohammed Cruise Terminal handles 25,000 passengers at once and receives some of the world’s largest cruise vessels. Pier Point sits 0.8 km from the terminal, making it ideally positioned for short-term rental demand from cruise-adjacent tourists, as well as the broader Dubai tourism base drawn to the QE2 hotel, the marina, and the waterfront promenade. Corner 2BR units with marina views at this price point represent a significant arbitrage opportunity: short-term holiday rental rates in comparable waterfront Emaar communities of AED 600 to AED 900 per night would deliver gross annual revenues well above a standard long-term tenancy on a far smaller capital base.
3. Long-stay tenant investor — Bur Dubai and DIFC corporate market: Bur Dubai and Deira house a large corporate, hospitality, and trading sector workforce that actively demands furnished 2BR waterfront apartments in the AED 110,000 to AED 150,000 per annum range. At AED 140,000 to AED 180,000 achievable rent (estimated for furnished 2BR in this community post-handover), the distress entry price of AED 2,400,000 delivers a gross yield of 5.8% to 7.5%. This is a strong yield for an Emaar-branded waterfront product in a masterplan community, and positions the unit as a low-management-cost income asset once the tenancy is in place.

How to Acquire This Unit — Step by Step

1. Enquire: Contact DistressPropertyFinder.com via WhatsApp quoting listing reference PPNT-MR-2BR-001. We confirm unit availability and send the full disclosure pack: floor plan, Emaar payment ledger, outstanding balance, and current construction progress.
2. Due Diligence: We verify the Oqood (off-plan registration), seller’s paid installment position, outstanding service charges, and confirm the 40% payment threshold for transfer eligibility — all before you commit to anything.
3. Offer and MOU: Agree the final price, sign the Memorandum of Understanding, and lodge a 10% deposit (manager’s cheque) held in escrow. The MOU specifies the seller’s obligation to clear outstanding installments before the DLD transfer date.
4. NOC Application: The seller submits the NOC application to Emaar Properties. Emaar issues the certificate within 5 to 10 working days, contingent on clearance of any outstanding amounts on the seller’s payment ledger.
5. Mortgage Approval (if applicable): Buyers using UAE bank financing should initiate the mortgage application in parallel. UAE banks typically issue mortgage approvals in principle within 3 to 5 working days for qualified applicants on Emaar off-plan units at this price point.
6. DLD Transfer: Both parties attend the Dubai Land Department trustee office. Buyer pays DLD transfer fee of AED 96,000 (4% of AED 2,400,000) and trustee fee of approximately AED 4,200. The Oqood is transferred to the buyer’s name on the same day.
7. Emaar Registration: Emaar updates the unit holder record to the buyer. All subsequent installment payment notices, construction milestone updates, and snagging inspection appointments transfer directly to the new owner.
8. Handover (Q4 2028): The buyer attends the snagging inspection and takes possession of the unit at Pier Point, Mina Rashid. DistressPropertyFinder.com can connect you with a Mina Rashid-specialist furnishing and property management partner to activate rental income from day one of handover.

Frequently Asked Questions — Pier Point Mina Rashid Distress Sale

Is this Pier Point 2BR priced below the current market value?

Yes. This unit is listed at AED 2,400,000 — AED 523,888 (17.9%) below the original Emaar developer price of AED 2,923,888. The seller’s total outlay was AED 3,040,843 (including AED 116,955 in DLD fees at purchase). The buyer also pays DLD on the lower transfer price of AED 2,400,000 (AED 96,000), not the original OP, creating an additional AED 20,955 in effective savings versus buying at the original developer price.

What is the price per square foot for Pier Point at Mina Rashid?

This distress listing is priced at AED 1,868 per sq ft (AED 2,400,000 divided by 1,285 sq ft). The original developer price was AED 2,275 per sq ft. Comparable new Emaar launches within the same Rashid Yachts & Marina masterplan are starting from AED 2,080,888 for 1BR units, implying a community benchmark well above AED 1,868 per sq ft for 2BR corner positions.

Is the payment plan transferable to the buyer?

Yes. The Emaar 80/20 payment plan (10% on booking / 70% during construction / 20% on handover) is fully transferable to the new buyer upon NOC issuance. The seller has confirmed that the 40% payment threshold required for resale eligibility under Emaar’s policy has already been met. The buyer assumes the remaining installments payable directly to Emaar from the point of transfer, with the full outstanding balance confirmed on the Emaar payment ledger before MOU signing.

What are the total acquisition costs including DLD for this Pier Point unit?

The indicative total all-in cost for the buyer is approximately AED 2,500,200: transfer price AED 2,400,000 + DLD fee AED 96,000 (4% on the transfer price) + trustee and conveyancing fees approximately AED 4,200. Remaining Emaar installments outstanding at the point of transfer are additional and disclosed in advance on the payment ledger. The buyer’s DLD is AED 20,955 lower than if they had purchased at the original developer price — a direct additional saving from the distress pricing.

What rental yield can I expect from this Pier Point 2BR at Mina Rashid?

Furnished 2BR waterfront apartments in comparable Emaar-managed port-district communities are estimated to achieve AED 140,000 to AED 180,000 per annum in long-term tenancies post-handover. On the distress purchase price of AED 2,400,000, that represents an estimated gross yield of 5.8% to 7.5%. Short-term holiday rental income, leveraging the Mina Rashid cruise terminal traffic and QE2 hotel visitor draw, is estimated at AED 200,000 to AED 280,000 per annum at 60–70% occupancy, delivering gross yields of 8.3% to 11.7%.

When is the handover / completion date for Pier Point at Mina Rashid?

Pier Point at Rashid Yachts & Marina (Mina Rashid) is scheduled for handover in Q4 2028, with October 2028 cited as the target completion date by Emaar Properties. The project was launched in September 2024 with Emaar Properties as the master developer. Emaar’s track record across its Mina Rashid portfolio — including the earlier Seagate/Sirdhana phase — is consistent on delivery timelines.

Is Emaar Properties a reputable developer in Dubai?

Emaar Properties is the developer of Downtown Dubai, Burj Khalifa, Dubai Mall, Dubai Marina, and the entire Rashid Yachts & Marina masterplan. Listed on the Dubai Financial Market (DFM), Emaar has delivered over 85,000 residential units globally. Within Mina Rashid specifically, Emaar is the sole master developer in an exclusive partnership with P&O Marinas — meaning no third-party developer can introduce competing supply within the district boundaries. This exclusivity is a material quality assurance for buyers.

How do I proceed with buying this property through DistressPropertyFinder.com?

Contact DistressPropertyFinder.com via WhatsApp quoting listing reference PPNT-MR-2BR-001. We confirm availability, provide the full Emaar payment ledger, Oqood documentation, and current construction status, arrange a physical or virtual site visit, prepare the MOU, coordinate the NOC application with Emaar, and manage the complete DLD transfer from offer agreement through to title registration in your name. We can also introduce a Mina Rashid-specialist property management partner for post-handover rental activation.