Ocean Cove by Emaar at Rashid Yachts & Marina Dubai

Emaar Properties was founded in Dubai in 1997 by Mohamed Alabbar, who remains its Founder and Managing Director. The company reported these figures for the year ended 31 December 2025:

125,600+ residential units delivered in Dubai and other markets since 2002
AED 80.4 billion property sales, up 16 percent on 2024
AED 49.6 billion revenue, up 40 percent
AED 25.7 billion net profit before tax
AED 155 billion revenue backlog from property sales

Emaar Properties is listed on the Dubai Financial Market under the ticker EMAAR. Its UAE build to sell arm, Emaar Development, has a separate listing as EMAARDEV, has handed over more than 80,500 homes since 2002 and had about 51,000 units under development at the end of 2025.

Homes are only part of the group. Emaar also runs shopping malls, hotels, leisure and entertainment businesses, and its malls and leasing portfolio earned AED 3.2 billion in revenue in the first half of 2025.
Outside the UAE, Emaar recorded AED 9.3 billion in international property sales in 2025, a rise of 124 percent on 2024, with Egypt and India as its strongest overseas markets.

Rashid Yachts & Marina is the redevelopment of Mina Rashid, Dubai's former cargo port in Bur Dubai, into a waterfront district with homes, hotels and a full service marina. Emaar is developing it in a joint venture with P&O Marinas, part of DP World.

The master plan includes a promenade of restaurants and shops, signature hotels, interconnected district parks and a Floating Yacht Club, with views of the Burj Khalifa and the Arabian Gulf. Ocean Cove Rashid Yachts and Marina is one of several new projects in Rashid Yachts and Marina sold by Emaar.

Mina Rashid opened on 5 October 1972 as Dubai's first commercial port and is named after Sheikh Rashid bin Saeed Al Maktoum. Cargo operations moved to Jebel Ali Port in 2018, which freed the harbour for cruise, leisure and residential use.

The Queen Elizabeth 2 reached Mina Rashid on 26 November 2008 at the end of its final Cunard voyage. After a full refit, the liner opened as a hotel and museum on 18 April 2018 and is still moored in the harbour today.

The district is on the edge of one of Dubai's oldest neighbourhoods, with a theatre, a museum and the former residence of Sheikh Saeed Al Maktoum close by. Restaurants, cafes, lounges and beach bars line the marina promenade.

Jumeira Baccalaureate School is a 12 minute drive from Ocean Cove, and Emaar places a clinic right next to the property.

• School: Jumeira Baccalaureate School, 12 minutes
• Hospital: Aster Hospital Mankhool, 10 minutes
• Hospital: International Modern Hospital, 10 minutes
• Park: Zabeel Park, 12 minutes

Every 2 and 3 bedroom apartment at Ocean Cove Mina Rashid is priced above AED 2 million, the property value needed for the UAE's 10 year Golden Visa. Off plan homes registered through Oqood count toward that value.
A 1 bedroom unit at the launch price falls below AED 2 million on its own. Its owner can combine it with another Dubai property to reach the total, or apply for the 2 year property visa once the home is completed and the title deed is issued.

Off plan homes in Rashid Yachts & Marina give buyers a central waterfront address from 1 master developer, but the district will be a building site in parts until 2030.

Pros | Central waterfront: homes face a working marina, yet Sheikh Zayed Road and the airport are a short drive away.
Pros | 1 master developer: Emaar builds the residential phases, so the whole district follows a single master plan.
Pros | Leisure already open: the QE2 hotel, the cruise terminal and the superyacht berths operate today, before the newer phases finish.
Pros | Choice of timing: Emaar phases in the district have handover dates from 2026 to 2030, so buyers can match completion to their own plans.
Cons| Construction nearby: with phases completing until 2030, early residents will live next to active building sites for several years.
Cons | No metro inside the district: daily travel depends on a car, taxi or bus.
Cons| Many handovers at once: several phases complete between 2026 and 2030, so resale buyers and tenants will have plenty of similar units to choose from.
Cons | High entry rate: launch prices at Ocean Cove started above AED 2,000 per Sq.Ft. for every unit type.

Ocean Cove has 2 verified investment drivers: Emaar's own price rise since launch and a finished Emaar building in the same district.

• Ocean Cove launch price vs today: a 2 bedroom launched at about AED 2,170 per Sq.Ft. in July 2024. In November 2026 Emaar lists a 1,308 Sq.Ft. unit at AED 3,229,888, about AED 2,469 per Sq.Ft., roughly 14% higher.
• Finished work next door: buyers can visit Emaar's 2025 handover in Rashid Yachts & Marina to judge build quality before committing.
• No new transport link before handover: no road, metro or school project with a confirmed opening before Q3 2028 was found for Mina Rashid, so value depends on the marina district itself.