Harbourfront Residences At Mina Rashid — Studios To 4 Bed Penthouses

A new coastal address rises at Mina Rashid, where maritime heritage meets contemporary living. Comprising three buildings (each G + Podium + 16 levels) and a dedicated amenity pavilion (G + 3), the ensemble balances waterfront serenity with a full lifestyle program—ideal for end-users and long-view investors alike.

Home Collection (multiple choices & indicative sizes)

Studios: 396 sq ft — 54 units

1-Bedroom: 767 sq ft — 171 units

2-Bedroom: 1,169 sq ft — 96 units

2-Bedroom + Study: 1,365 sq ft — 54 units

3-Bedroom + Study: 1,723 sq ft — 30 units

4-Bedroom Penthouses: 3,441 sq ft — 3 units

Scale: ~136 homes per building | Total: 408 residences

Lifestyle & Community

Elevated amenity pavilion for leisure, wellness, social and co-working zones

Podium realm connecting the three buildings for seamless indoor–outdoor living

Harbour promenade access and signature Rashid Bay ambiance

Key Facts

Completion: Q4 2029

Payment plan: 70/30

Service charge: AED 17 (indicative)

Dubai First-Time Property Buyer Incentives – Summary

Dubai now offers official advantages for first-time property buyers through a program launched by the Dubai Land Department (DLD).
The goal is to make it easier to enter the property market and support serious investors and residents.

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Main Benefits for First-Time Buyers

Special discounted prices on selected units from participating developers

Flexible payment plans and easier entry on off-plan projects

DLD registration fees payable in installments (normally 4% of property price)

Priority access to new launches

Better mortgage options from partner banks (lower rates or faster approvals)

Government recognition with an official “First-Time Buyer QR Code” from DLD

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Eligibility Conditions

To qualify, the buyer must:

Be 18 years old or above

Never have owned a property in Dubai before

Buy a property with a value up to AED 5,000,000

Register as a first-time buyer through the Dubai Land Department online portal/app

Both UAE residents and foreign buyers can apply.

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Eligible Properties

Off-plan projects from top developers (Emaar, Damac, Sobha, Nakheel, etc.)

Completed ready properties may also qualify depending on the developer

Residential properties only (apartments, villas, townhouses)

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Important Notes

Incentives depend on each developer and project – not automatic on every property

Full due diligence remains essential (development status, payment plan, resale strategy)

Great opportunity for first investment or relocation in Dubai

Ideal for clients looking to build assets with low entry costs and high rental yield potential

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Why this program is interesting for international buyers

No property taxes

Strong rental market

Long-term visa options linked to property ownership

Secure and regulated environment

High capital appreciation potential