Emaar, P&O launch Dh25 billion marina community

By Divi S.

DUBAI 3 May 2019: When Mina Rashid, the first modern port of Dubai, opened in 1972 – realizing the vision of the late Sheikh Rashid bin Saeed Al Maktoum, the Father of Dubai – it ushered in a new era of prosperity for the city, transforming it into an important port of call between the East and the West.

Now, Emaar is building the world’s new sailing destination by the historic Dubai Creek near Bur Dubai/Deira. P&O Marinas, a subsidiary of global trade enabler DP World – UAE Region, has made the land available to Emaar and will continue to develop world-class marinas and berthing facilities.

Emaar has announced the launch of ‘Mina Rashid,’ a Dh25 billion investment to celebrate Dubai’s maritime heritage.

Several Firsts

Only 15 minutes from the Dubai International Airport and 20 minutes from Downtown Dubai and Dubai Creek Harbour, ‘Mina Rashid’ will have several features, including a few firsts in the city such as ‘The Dubai Mall by the Sea’ – an elite waterfront retail, dining and leisure destination; a floating yacht club; a sandy beach of over 12,600 square metres – the size of about two-and-a-half football fields; and Dubai’s longest swimming pool, among others.

Mina Rashid will have over 430 wet berths, several of which can accommodate the largest yachts in the world and will also catalyze cruise tourism.

Taking place of pride at Mina Rashid is the QE2, the world’s most celebrated ocean liner – now a 13 deck hotel, dining, entertainment and events destination – docked permanently, and offering visitors an interactive exhibition of its glorious heritage from the 1960s, sailing over 5.6 million miles and carrying over 2.5 million passengers.

Waterfront Residences

With a choice of midrise waterfront residences, Mina Rashid will have vibrant promenades and a Venetian piazza with retail and F&B overlooking the sea. In addition are signature hotels, a private beach club, interconnected parks, a 500-metre long palm tree-fringed canal, art galleries, a theatre, museum and more. Mina Rashid will also be a modern link to the heritage of the city with a direct pedestrian bridge connecting the House of Sheikh Saeed Al Maktoum, thereby honouring the legacy of the Al Maktoum family, to a museum and theatre.

The new facilities will also complement the Hamdan bin Mohammed Cruise Terminal, one of the most advanced cruise terminals in the world and the Middle East’s leading cruise destination. The facility, which was built and currently operated by P&O Marinas, has received over 2.3 million visitors since its inauguration in 2014, and has seen per-year visitor numbers rise by 172 per cent between 2014 and 2018. The terminal reached a major milestone last year when it successfully berthed five international cruise liners carrying a total of 25,000 passengers in a single day.

Mohamed Alabbar, Chairman of Emaar Properties and Emaar Development, said: “Now, with Mina Rashid, we are creating a future-ready city that honours the legacy of the Al Maktoum family and salutes the farsighted vision of Dubai’s rulers who have consistently built – not for now and then, but for the future and beyond. The evolution of the city today as a knowledge-based economy, offering significant opportunities across all business sectors, drives demand for world-class developments that will further enhance economic growth.”

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World and Chairman of Ports, Customs & Free Zone Corporation, said: “The new development of Mina Rashid will strengthen Dubai’s position as a global city and the premier cruise hub in the Middle East. Our venture with Emaar will contribute to the city’s cruise tourism and create another strong economic catalyst.”

Emaar now offers the first opportunity for investors to become part of Mina Rashid with the launch of Sirdhana, a limited collection of 1, 2 and 3-bedroom waterfront apartments and townhouses. It is named in honour of the British Royal Mail Ship, the first commercial vehicle to dock at Mina Rashid. Located right by the main entrance of the promenade and adjacent to the canal pool, Sirdhana will be in walking distance to QE2, a community park and ‘The Dubai Mall by the Sea.’

Contemporary apartments with glittering glass facades, floor-to-ceiling windows, and generous balconies, Sirdhana offers prime views of the waterfront and Downtown Dubai. Amenities include a recreation room, community podium with a gym, children’s play area, recreational courts, and more.