Location: Mina Rashid, Dubai (Centrally located within Dubai’s historic maritime district, just minutes from Downtown Dubai, DIFC, and Sheikh Zayed Road)
Commercial Retail
Portside Square Retail
PriceFrom AED 4,400 PSF
CompletionQ4 2029
DeveloperEllington
LocationMina Rashid
Property
Portside Square by Ellington
Project Overview
Three sculptural residential towers inspired by Dubai’s seafaring heritage and waterfront lifestyle
B + G + Podium + 3 Towers (Portside Residences I, II, and III)
Total Units: 408 Residences
Residential Configuration:
- Studio: 395.9 – 453.81 sq. ft. (54 units total across all towers)
- 1 Bedroom: 767.9 – 914.5 sq. ft. (171 units total)
- 2 Bedroom: 1,172.94 – 1,377.46 sq. ft. (96 units total)
- 2 Bedroom + Study: 1,370.03 – 1,533.21 sq. ft. (54 units total)
- 3 Bedroom: 1,723.62 – 1,874.53 sq. ft. (30 units total)
- 4 Bedroom Penthouse: 3,440.79 sq. ft. (3 units total)
Parking Allocation:
- Studios/1BR/2BR: 1 parking space
- 3BR/4BR: 2 parking spaces
Elevators:
- Each Tower: 3 Passenger Lifts + 1 Service Lift
- Amenities Pavilion: 1 Passenger Lift
Retail Units:
- 8 Ground Floor Commercial Spaces (6 Retail Shops + 2 F&B Units)
Retail Overview:
- Available Commercial Spaces: 6 Retail Shops + 2 F&B Units
- Starting Prices: From AED 4,400 PSF *******CONTACT US FOR SPECIAL NEGOTIATED PRICE AND PAYMENT TERMS
- Unit Sizes: From 888.45 to 3,896.21 sq. ft.
- Payment Plan: 60/40 & 70/30
- Handover: Q4 2029
5-Star Resort Amenities
- Lobby lounges with bespoke art installations
- Amenities pavilion with café-style seating and curated interiors
- Outdoor yoga deck, landscaped podium gardens, and garden lounge areas
- Fully equipped gym and wellness centre
- Swimming pool with cabanas and marina-view seating
- EV charging stations, cycle parking, and drop-off zones
- Kids' splash pad, play zones, and creative hub
- Co-working lounge and reading rooms
- Pet-friendly zones and designated walking areas
- Retail and F&B promenade with marina access
Views
- Panoramic outlooks across the Arabian Gulf, Downtown Dubai skyline, and the marina promenade
- Architecture designed to frame the natural interplay of light, sea, and sky
- Surrounding vistas include the Queen Elizabeth 2, yacht marinas, and heritage waterfront landmarks within Mina Rashid
- Select residences and retail units benefit from open‑water and active‑marina frontage
Illustrative model
Scenario modeller
Set your own assumptions and see how Portside Square Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Nothing to calculate yet
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are actually considering.
How each figure is calculated
- Handover
- The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
- Gross yield
- Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
- Net yield
- (Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
- Rent growth
- Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
- ROI
- Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
- ROE
- Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
- Cash-on-cash return
- Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
- IRR
- The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.
An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.
Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell’s Realty is a trading brand; the RERA-licensed entity is The Luxury Real Estate Brokers LLC.
Location
Portside Square — Mina Rashid, Dubai