Overview
Portside Square by Ellington Properties is a three-tower waterfront development in Mina Rashid — Dubai's historic first commercial port, now undergoing a sustained transformation into a premium marina-front lifestyle district. Inspired by the motion of wind and water, the architecture introduces fluid facades and marina-facing interiors that draw directly from the rhythm of the harbour. Three sculptural towers — Portside Residences I, II, and III — contain a total of 408 freehold apartments and penthouses ranging from studios to 4-bedroom configurations.
The development sits beside the iconic Queen Elizabeth 2 hotel and the Rashid Yachts & Marina promenade, embedding residents within a fully formed waterfront lifestyle from handover. Ellington's "Live by Design" philosophy is applied throughout: open-plan interiors with floor-to-ceiling windows, balconies oriented to marina or skyline views, and a landscaped podium with wellness and social facilities aligned to how the target resident actually wants to spend time at home. At an average entry price of approximately AED 3,000 per sq.ft. for premium Mina Rashid waterfront, Portside Square represents competitive pricing relative to established waterfront communities — with analysts projecting 20–30% capital appreciation by the Q4 2029 handover based on the area's confirmed development trajectory.
Project Details
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Property
About the Property
Portside Square is Ellington's flagship waterfront launch — and the first Ellington project to place all three pillars of the brand's design philosophy (spatial flow, material quality, and lifestyle integration) within a full marina context. The three-tower configuration at an average of 136 units per building creates a boutique residential scale that most large waterfront developments sacrifice for unit count. Ellington's track record is relevant here: across the Belgravia series, DT1, and Beach House, the developer has consistently achieved 25–30% higher rental performance than mass-market buildings in comparable locations. Mina Rashid is currently undergoing the same phase of waterfront regeneration that Jumeirah Beach Residence went through in 2005–2010, with the QE2 hotel and Rashid Marina already providing the hospitality anchor the area needs.
Location
About the Location
Mina Rashid — also referred to as Rashid Yachts & Marina — occupies Dubai's original harbour district, positioned between Bur Dubai and Dubai Maritime City. Downtown Dubai and DIFC are 19 minutes by road. Dubai International Airport is 18 minutes. The QE2 Hotel, the Mina Rashid Marina, and an evolving promenade of restaurants and retail are active today, not future-state projections. The area has limited new freehold supply by design — the historic harbour character is protected — which constrains future competing inventory and supports long-term capital preservation.
“Portside Square is where Ellington's design precision meets the original harbour of Dubai — three towers that belong to the water, not just the waterfront.”- WeNest Real Estate LLC
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