PORT DE LA MER INVESTMENT GUIDE

PORT DE LA MER: MERAAS'S MEDITERRANEAN-INSPIRED MARINA WATERFRONT IN JUMEIRAH 1

Port de La Mer is Meraas Holding's Mediterranean-inspired private waterfront marina community sitting on the northern peninsula of La Mer in Jumeirah 1, with seven named sub-communities — La Côte, La Rive, La Sirène, La Voile, Le Pont, Le Soleil and Sur La Mer — arrayed around a rectangular 190-berth marina, a surrounding boutique-and-restaurant promenade, and a private beach. First traced September 2018 with main construction by Akar Technical Services (which completed an AED 70 million project tranche in April 2023), the masterplan now has 25 building developments tracked, with the majority of sub-communities delivered and trading actively on the secondary market alongside ongoing Le Soleil and the under-construction Gran Meliá Dubai Jumeirah hotel which will become the UAE's first beachfront Gran Meliá property.

For investors, Port de La Mer is a Tier 1 Core Capital play that combines three structural advantages few Dubai apartment communities match. First, the genuine private-marina waterfront positioning — one of only a small set of central Dubai apartment communities with direct sea access and yacht-berth allocation, distinguishing Port de La Mer from non-marina alternatives at City Walk, Bluewaters Island and Madinat Jumeirah Living. Second, the Mediterranean architectural register and low-rise apartment scale (no high-rise towers) creates a structurally scarce product type within central Dubai's apartment portfolio. Third, the proximity to La Mer's established beachfront retail-and-dining ecosystem (0.8 km), Jumeirah Mosque, DIFC (3.6 km) and Downtown Dubai (4.9 km) anchors the community in central-Dubai connectivity without the high-rise apartment typology that defines most of the alternatives.

Recent DLD transactions confirm the absorption profile and pricing tiers. In April-to-May 2026, La Rive 1-bedroom apartments traded at AED 1.88 to AED 2.25 million on 788 to 815 square feet (AED 2,386 to AED 2,761 per square foot), La Rive 2-bedroom apartments at AED 3.1 to AED 3.35 million on 1,200 to 1,212 square feet (AED 2,583 to AED 2,765 per square foot), La Côte 2-bedroom apartments at AED 3.55 million on 1,203 square feet (AED 2,951 per square foot), and Le Soleil 3-bedroom apartments at AED 9.35 million on 2,119 square feet (AED 4,413 per square foot). The pricing tier hierarchy across the seven sub-communities supports portfolio construction at multiple capital-commitment levels within a single waterfront masterplan.

The investment case rests on the structural scarcity of central-Dubai marina-fronted low-rise freehold apartment stock combined with the Meraas brand and the established La Mer ecosystem. City Walk and Bluewaters Island are the proven sister Meraas central-Dubai alternatives, both at high-rise scale rather than the Mediterranean low-rise typology that defines Port de La Mer. The trade-offs are real: premium pricing limits the buyer pool relative to Tier 2 apartment communities, marina maintenance and service-charge structure carries higher cost-of-ownership than landlocked alternatives, and the hospitality-cycle exposure from the Gran Meliá Dubai opening introduces a new variable to the precinct's long-term income profile.

This guide covers the relative-value case for Port de La Mer against City Walk, Bluewaters Island, Pearl Jumeirah and Madinat Jumeirah Living in the central-Dubai branded waterfront apartment band; the sub-community sequencing across La Côte, La Rive, La Sirène, La Voile, Le Pont, Le Soleil and Sur La Mer; the supply outlook with Le Soleil and Gran Meliá in active construction; and the entry strategy for buyers deploying between AED 1.8 million and AED 10 million across 1-bed, 2-bed and 3-bed waterfront apartment stock. Expect a clear-eyed view of both the structural marina-and-Mediterranean tailwind and the premium-pricing risk profile.