Portside Square
Off-Plan

Portside Square

From AED 2.36M·Handover Dec 2029·20% down payment Payment
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AED 2.36M
Starting Price
Dec 2029
Handover
20% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Portside Square is a complex by the developer Ellington Properties, towering in the Mina Rashid area, Dubai. The project includes 4 towers: three residential and one office, and represents a modern architectural statement. The exterior of the buildings is inspired by the rhythms of the sea, featuring smooth lines and architectural contrasts that harmoniously blend into the coastal landscape. Each residential building includes a ground floor, a podium, 16 residential levels and a roof. The complex offers commercial premises on the ground floor, studios, apartments with 1-2 bedrooms, some include an office, as well as penthouses with 3-4 bedrooms. The interiors are made using high-quality materials and modern finishes. Residents of the complex have access to: a lobby with a lounge and reception, a charging station for electric vehicles, parking for bicycles, an outdoor playground for children, green terraces, a swimming pool and much more. Due to the excellent location of the complex, residents can easily reach key points in Dubai: Mina Rashid Marina is 2 minutes away, Sheikh Zayed Road is 6 minutes away. The World Trade Centre, Downtown Dubai, Dubai Mall, Burj Khalifa and Dubai International Airport are 10 minutes away. Dubai International Financial Centre is 14 minutes away, Dubai Islands and Palm Jumeirah are 20 minutes away, Dubai Marina is 25 minutes away, and Al Maktoum International Airport is 40 minutes away.

Project Specifications
DeveloperEllington Properties
LocationRashid Yachts & Marina
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaRashid Yachts & Marina
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 60/40 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 10% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 101,999 / year
Cash-on-Cash
2.2%
Levered cashflow AED 23,993
Base-Case IRR
12.8%
5-year hold, levered
Payback Period
18.4 yrs
Gross rent AED 153,649 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Portside Square launch basis2,626AED 2.36MCurrent launch / asking basis
Rashid Yachts & Marina ready-stock comps2,100AED 1.89MIndicative resale benchmark
Rashid Yachts & Marina premium peer launches2,550AED 2.29MNew-launch peer set
Trophy alternative proxy3,200AED 2.88MHigher-end anchor for negotiation context

Gallery

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Portside Square official render 1

Portside Square official render 1

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Portside Square official render 10

Astraterra Properties

Official Documents

Download official marketing materials from Ellington Properties.

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Payment Structure

20% down payment

Flexible Payment

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Floor Plans

Portside Square — 1 Bedroom Floor Plan

Amenities & Lifestyle

Adults Pool
Bar
Beach Access
Billiards
Children’s pool
Cinema
Club house
Covered Parking
Coworking zone
Electric Vehicle Charger
Fitness Zone
Gaming Lounge
Jogging tracks
Kids Play Area
Lavish Sundeck
Leisure areas
Lift
Lobby
Multipurpose Sports Courts
Open Kids Play Area
Outdoor Yoga
Park Access
Parking
Pool Deck
Pool Lounge
Resting Areas
SPA
Sauna
Shared gym
Sitting Area
Sports ground
Sunken Seating
Table Tennis
Terrace Garden
Yoga Area
Yoga studio

Location

Rashid Yachts & Marina

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Rashid Yachts & MarinaRashid Yachts & MarinaDubai, UAE

Developer Track Record

01

Portside Square by Ellington Properties

02

Located in Rashid Yachts & Marina

03

Starting from AED 2,363,828

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Dec 2029

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

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