Mina Rashid Property Prices: What 4,400 Transactions Show, 2020 to 2026

Mina Rashid property prices have one complete record: the Dubai Land Department register. It holds every registered sale in the community from 13 February 2020 to 8 July 2026. That is 4,412 apartment sales. Launch prices climbed from 1,404 AED per square foot in 2020 to 2,978 in 2025, a rise of 112%. Sales volume peaked in mid 2024 at 736 in a single quarter. So far in 2026 there are 187, and 43.3% of them are resales. This article walks through the whole record, era by era, and explains what changed in 2026.

What the Mina Rashid property prices record contains

The title says 4,400 transactions because it is a round number. The exact count is 4,420 records. Eight of them are not apartments, so we set them aside. That leaves 4,412 apartment sales, and every figure in this article comes from those rows.

The eight excluded records are all plots of land registered to “Rashid Yachts And Marina” itself. One is a land deal of 404,489 square feet at AED 212.4 million, dated 11 June 2024. Two are registration entries at AED 6.8 million each with no size recorded, dated 21 and 24 October 2024. The other five are plot sales from December 2023. None of these tells you anything about apartment prices, so none of them appears in any price figure here.

The 4,412 apartment sales split into two groups. 4,057 are developer sales, meaning Emaar selling a unit for the first time. 355 are resales, meaning one private owner selling to another. That split matters more than any other number in this article, because the two groups behave very differently, and the balance between them is the story of 2026.

One honest limit up front. This is the community’s own record, from DLD transactions Mina Rashid buyers can check for themselves. We have not pulled citywide numbers into this piece, so we make no claims about how Mina Rashid compares to Dubai as a whole. For the full picture of the area itself, start with our Mina Rashid guide.

Mina Rashid price history in four eras

Six and a half years of sales fall into four clear chapters.

2020 to 2022: the launch base

The record opens quietly. Nine sales in 2020, two in 2021, then 239 in 2022 when new projects began to launch. The first project, Seagate, opened its DLD record at a median of 1,404 AED per square foot. Treat that number with care: it rests on only 7 early prints, and a print simply means one sale as it appears in the register. Our record starts in February 2020 and Seagate began selling in May 2019, so its first months are missing. Thin as it is, it is the base every later price gets measured against.

2023 to 2024: the boom

This is when Rashid Yachts and Marina prices took off. The community printed 1,000 sales in 2023 and 2,021 in 2024. The single busiest quarter was the third quarter of 2024: 736 sales, of which 711 were developer sales and just 25 were resales. The next busiest were the last quarter of 2024 with 583 and the last quarter of 2023 with 467.

You can read the boom in the launch prices alone. Each new project opened higher than the one before it. Seascape opened at a median of 1,810 AED per square foot in early 2023. Clearpoint followed at 1,914. Bayline and Avonlea opened just above 2,000 at the end of 2023. Through 2024 the ladder kept climbing: Ocean Point at 2,104, Ocean Cove at 2,196, Marina Views at 2,461, Pier Point at 2,680, Marina Place at 2,691 and 2,763. By late 2025, Aurea opened at 2,932 and Baystar by Vida at 2,978.

From Seagate’s 1,404 to Baystar’s 2,978 is a rise of 112% in five and a half years, though remember the starting rung rests on just 7 prints.

2025: the rotation begins

In 2025 the mix started to change. Resales were 2.1% of all sales in 2022, 1.6% in 2023, and 5.0% in 2024. In 2025 they jumped to 15.9%. The second quarter of 2025 gave the first real sign of the turn: only 21 developer sales printed against 53 resales. Developer launches later in the year masked the shift, but the direction was set. Owners were becoming the market.

2026: the resale market takes over

So far in 2026, resales are 43.3% of all prints: 81 of 187. The first quarter split 61 developer sales against 48 resales. The second quarter split 45 against 30. In the first eight days of July, the record shows 3 sales, and all 3 are resales. The next section looks at what is inside those numbers.

The 2026 Mina Rashid resale market, in composition

Developer sales did not just slow in 2026. By the registered record, they nearly stopped. The monthly developer prints this year read: January 33, February 13, March 15, April 43, May 1, June 1, and none in the first eight days of July. The April jump is mostly one event, the registration of Sera 1 launch sales in bulk. One hedge is needed here: DLD registrations often land one to two months after the deal is agreed, so the exact May, June and July counts will likely rise as late entries arrive. The slowdown across the second quarter is solid either way. The single months are not.

June 2026 brought a milestone of a different kind. For the first time, the rental market was busier than the sale market: 12 rental contracts were signed against 8 sales. A young community turning from selling to renting is a normal step in its life. It is still worth marking the month it happened.

Now the prices. In 2026 so far, the median developer sale is 2,802 AED per square foot, across 106 sales. The median resale is 2,151, across 81. Resale prices sit 23% below developer prices, a gap of AED 651 per square foot. Here is the sentence that must always travel with that gap: this is a composition effect, not distress. Resales draw from the older, cheaper buildings, bought years ago at lower prices, while developer sales are the newest and most expensive stock. The gap measures the age of what is trading, not a discount on like-for-like homes.

There is one more layer, and it is the least reported fact about this market. A growing share of resales are registered at exactly the developer’s original price for that same unit. In 2022 and 2023, none were. In 2024, 6.9% of resales were. In 2025, 28.3%. In 2026 so far, 45.7%.

Across the whole record that is 87 of the 355 resales, and 84 of the 87 match the developer’s price to the dirham. What it means for a reader is simple: nearly half of this year’s resale records carry no price information. We unpack this fully in our article on resales at original price.

One check on the resale median above: remove the 37 at-cost prints and the median of the 44 true resales is 2,156 AED per square foot, almost unchanged. So the at-cost prints do not move that figure, but they do hollow out how much evidence sits behind it.

Thinking about buying in a market where half of this year’s resale records are not real price evidence? A second pair of eyes on the sales record before you offer can save you the price of a car. It costs nothing to ask.

What sellers actually made

Strip out the 87 at-cost prints and 268 true resales remain. Of those, 264 carry a stated capital gain in the DLD record. The median gain is +11%, and 85.2% of sellers sold above their purchase price. The range runs from a loss of 50% to a gain of 75%.

One note on every gain figure in this article. DLD records the registered price. Broker guides report that the 4% transfer fee is charged on the higher of the contract price or DLD’s own valuation. So a registered price can sit above what a buyer really paid, but never below it. Every gain figure here is therefore a ceiling, not a midpoint.

There is also a floor to state once. If you insist on counting all 87 at-cost prints as genuine sales that made 0%, the community median drops from +11% to +7% across 351 prints. The truth sits between those readings, and we think the +11% arm’s-length figure is the honest one, for the reasons given in the article linked above.

By home size, in one line: two-bedroom units are the deepest and best-performing resale market with a median gain of +15%, one-bedrooms made +9%, and three-bedrooms made +10% on the thinnest trade. Timing mattered more than size, though. Gains rose sharply the closer a building was to handover, and we map that curve in our handover effect article, with the size breakdown in our bedroom comparison.

What the record cannot tell you

A complete record still has blind spots. Honest reporting means naming them.

First, financing. This is a cash market. Only 8 of the 355 resales carry a mortgage, and only 2 of the 4,057 developer sales do. The eight loan-to-value ratios on record are 36, 62, 70, 70, 80, 80, 80 and 85 percent. Ten mortgaged deals out of 4,412 means the record tells you almost nothing about what banks will lend against these homes, because banks have barely been asked.

Second, the record’s own starting line. The extract begins in February 2020, but Seagate began selling in May 2019. Its earliest sales are simply missing. That is why the community’s measured sell-through of 78.1% is a floor, not the true figure. Seagate itself is sold out.

Third, the newest project. Fior 1 has zero DLD prints as of 8 July 2026, while one portal data firm, Property Monitor, records 36 transactions there. The likely answer is that early-stage sales have not reached the DLD register yet, but that is unverified.

Mina Rashid property prices: common questions

How many properties have sold in Mina Rashid?

The Dubai Land Department record shows 4,412 registered apartment sales in Mina Rashid from 13 February 2020 to 8 July 2026. Of these, 4,057 were first sales by the developer and 355 were resales between private owners. Eight further records are land plots, not apartments, and are excluded from all price figures.

What is the average price per square foot in Mina Rashid?

In 2026 so far, the median developer sale in Mina Rashid is 2,802 AED per square foot, per DLD. The median resale is 2,151 AED per square foot. The gap is about what is trading: resales come from older, cheaper buildings, while developer sales are the newest stock at today’s launch prices.

When was the busiest quarter for Mina Rashid sales?

The third quarter of 2024 was the busiest in Mina Rashid’s history, with 736 registered sales, of which 711 were developer sales and 25 were resales. The next busiest were the fourth quarter of 2024, with 583 sales, and the fourth quarter of 2023, with 467, per DLD records.

Why are resale prices lower than developer prices in Mina Rashid?

Resale prices sit about 23% below developer prices in 2026, but this is a composition effect, not distress. Resales draw from older buildings bought at lower launch prices, while developer sales are the newest and most expensive stock. The gap measures the age of what is trading, not a like-for-like discount.

Are Mina Rashid buyers using mortgages?

Almost never, by the registered record. Only 8 of the 355 resales and 2 of the 4,057 developer sales carry a mortgage, 10 deals in total out of 4,412. Mina Rashid has traded as a cash market from its first print in 2020 through to July 2026.

Is the Mina Rashid market slowing down in 2026?

Registered developer sales fell to one or two per month by May and June 2026, though late registrations may lift those counts. Resales now make up 43.3% of 2026 prints, and in June the rental market was busier than the sale market for the first time. The market is rotating from launches to owners, not simply stopping.

If you are weighing a purchase in Mina Rashid, I read this record every week. I am Fahad Al Kuwari, a buyer’s consultant for Mina Rashid and the wider Dubai waterfront market. I work for buyers only, at fahadalkuwari.com.

This article is information, not investment advice. Property values can fall as well as rise.

Sources: Dubai Land Department transaction records (sales and registrations to 8 July 2026); Property Monitor (Fior 1 transaction count, portal-sourced, directional); broker guides on DLD transfer-fee valuation practice (portal-sourced, directional).