Detailed Waterfront Update

With prices of the ready waterfront communities in Dubai reaching record breaking levels (but still regarded as fair value value on a global scale) - the investments in the future waterfront developments are mainly concentrated in this part of Dubai (see map above) and of course on Palm Jebel Ali.

The hotspots to concentrate on are:

• ⁠Dubai Islands A & B

• Rashid Yachts & Marina - exclusively developed by Emaar

• ⁠Maritime City where several major developers have ongoing projects along the waterfront.

Emaar’s waterfront community

Majority of our discussions recently with our client base / network is in regards to Rashid Yachts & Marina (RYM) - which is the low-rise waterfront community exclusively being developed by Emaar.

• RYM is a major part of the revitalization of older Dubai underway. There are major RTA roadworks in advanced stages that are connecting each of the islands directly onto main highways - completely avoiding any congestion.

• Although RYM attracts global buyers, a significant portion of demand comes from local sources, particularly from the established wealth, traders, and investors in the nearby Gold Souk, textile markets, the old financial district, and other major commercial areas of Dubai, as well as from the port.

• RYM was first announced in 2019. The first building handover is in Feb 2025. The entire first phase of the master-plan is sold out.

Rashid Yachts & Marina

Waterfront buildings along the green strip are now being released for sale.

Over the past few days, we’ve been securing deals for both bulk buyers and individual retail investors.

Pricing

• Current prices for these waterfront properties range from AED 2,500 to 2,900 per sq. ft. ($690 - 800 per sq. ft.), which is higher than the average pricing in Phase 1

• Phase 1 buildings were not waterfront and the last few buildings sold at an average of $600 - 650 per sq. ft.

• Emaar’s projections suggest that by the final phases of the development, prices will reach AED 4,500 to 5,000 per sq. ft., bringing them in line with current ready waterfront valuations across other prime areas of Dubai.

• This also indicates where they anticipate their pricing of the last buildings to reach.

RYM

Main highlights:

• Low-rise, modern buildings. Picture City Walk along the waterfront.

• Majority of units with view towards waterfront

• Self-contained community with schools, major retail boardwalk, sports facilities etc.

• If you’re not an end-user this is an excellent property for rentals (short & long-term). Huge market base located directly in vicinity.

• Only similar type of project is Port De La Mer by Meraas; we think this project has a superior master-plan and amenities.

For a detailed conversation - please don’t hesitate to reach out to us. Sales for 3 buildings are ongoing now (will be released shortly - but we are able to execute almost any kind of requirement you may have).

Pricing

Prices start from:

• AED 2.0 M for a 1 bedroom.

• AED 2.9 M for 2 beds

• AED 4.1 M for 3 beds

• Handovers are in October 2028 with 20% payable on completion.