New homes in Portside Square start at AED 1,100,000; keys are due Dec 2029; you pay 20% to book, 50% while it is built and 30% at the keys.
In the 12 months to Nov 9, 2026, Dubai Land Department recorded 516 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Madinat Dubai Almelaheyah. Their median price is AED 3,432 per sq ft (about AED 1,356,000 at 395 sq ft). This project's from price is AED 2,785 per sq ft (AED 1,100,000 for its smallest home, 395 sq ft), 19% less.
Keys
Dec 2029
The developer's handover date
Payment plan
20 / 50 / 30
20% to book, 50% while it is built, 30% at the keys
Bedrooms
Studio to 4 beds
Sizes
395 to 3,440 sq ft
Ownership
Leasehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 2,785 per sq ft
Similar off-plan homes: AED 3,432 per sq ft
RERA project
4213
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Not started. DLD register, Nov 11, 2026
Completion on the register
Dec 2029
DLD shows only the current date. We have recorded it since Nov 11, 2026 and it hasn't moved.
Escrow account
بنك ابوظبى التجارى
The bank that holds your payments
Registered homes
413
In 3 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 20% when you book, 50% as the building goes up, and 30% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 20%
Booking
20%
AED 220,000+ AED 44,000 DLD fee
AED 264,000
Mar 2027While it is built · 6.3%
While it is built
6.3%
AED 68,750
AED 332,750
Jul 2027While it is built · 6.3%
While it is built
6.3%
AED 68,750
AED 401,500
Nov 2027While it is built · 6.3%
While it is built
6.3%
AED 68,750
AED 470,250
Mar 2028While it is built · 6.3%
While it is built
6.3%
AED 68,750
AED 539,000
Aug 2028While it is built · 6.3%
While it is built
6.3%
AED 68,750
AED 607,750
Dec 2028While it is built · 6.3%
While it is built
6.3%
AED 68,750
AED 676,500
Apr 2029While it is built · 6.3%
While it is built
6.3%
AED 68,750
AED 745,250
Aug 2029While it is built · 6.3%
While it is built
6.3%
AED 68,750
AED 814,000
Dec 2029Keys · 30%
Keys
30%
AED 330,000
AED 1,144,000
Booking payment, 20%
AED 220,000
Dubai Land Department fee (Oqood), 4%
AED 44,000
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 264,000
Total costPrice plus the DLD fee
AED 1,144,000
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask Ellington for the estimate.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 516 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Madinat Dubai Almelaheyah, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Too few similar homes in PORTSIDE SQUARE sold in 24 months, so we compare with off-plan sales across Madinat Dubai Almelaheyah.
Dubai Land Department recorded 516 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Madinat Dubai Almelaheyah, from Nov 10, 2025 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 3,432 per sq ft
AED 2,949 to AED 3,111 per sq ft
51 sales
AED 3,111 to AED 3,273 per sq ft
73 sales
AED 3,273 to AED 3,435 per sq ft
138 sales
AED 3,435 to AED 3,597 per sq ft
185 sales
AED 3,597 to AED 3,759 per sq ft
27 sales
AED 3,759 to AED 3,921 per sq ft
18 sales
AED 3,921 to AED 4,083 per sq ft
9 sales
AED 4,083 to AED 4,245 per sq ft
15 sales
AED 2,949 per sq ftAED 4,245 per sq ft
This project AED 2,785 per sq ft, below every sale
Half of the sales sold for AED 3,297 to AED 3,526 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 2,949 to AED 3,111 per sq ft
51
AED 3,111 to AED 3,273 per sq ft
73
AED 3,273 to AED 3,435 per sq ft
138
AED 3,435 to AED 3,597 per sq ft
185
AED 3,597 to AED 3,759 per sq ft
27
AED 3,759 to AED 3,921 per sq ft
18
AED 3,921 to AED 4,083 per sq ft
9
AED 4,083 to AED 4,245 per sq ft
15
The 3 closest sales
Picked from the 516 similar sales above, closest in size to this project's smallest home.
Oct 2026AED 1,375,000AED 3,482 per sq ftBreez by Danube, 395 sq ft
Nov 2026AED 1,245,000AED 3,153 per sq ftBreez by Danube, 395 sq ft
Nov 2026AED 1,606,500AED 4,069 per sq ftBreez by Danube, 395 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Madinat Dubai Almelaheyah in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 1,100,000 here
Off-plan medianAED 1,378,000AED 3,394 per sq ft
Sales790
19% below 516 similar sales
1-bed apartment
Off-plan medianAED 2,411,000AED 3,044 per sq ft
Sales1,736
2-bed apartment
Off-plan medianAED 4,058,000AED 2,891 per sq ft
Sales797
3-bed apartment
Off-plan medianAED 6,019,000AED 3,139 per sq ft
Sales188
4-bed apartment
Off-plan medianToo few sales for a median
Sales11
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
1-bed apartment
AED 74,999 a year
2-bed apartment
AED 106,999 a year
3-bed apartment
AED 143,999 a year
There is no median rent from Ejari for similar homes here, so we leave out the gross and net yield.
Gross yield is a year's rent before costs, as a share of the price.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Al Ghubaiba Metro Station900 m, 15 min walkMetro station
Nikki Beach3 km, 8 min driveBeach
La Mer seafront4.9 km, 7 min driveWaterfront
New academy school1.1 km, 5 min driveSchool
GEMS Winchester School4.4 km, 10 min driveBritish school
Jumeirah Baccalaureate School5.1 km, 8 min driveIB school
The Indian High School4 km, 10 min driveIndian school
City Centre Al Shindagha650 m, 11 min walkMall
Aster Hospital1.1 km, 18 min walkHospital
Dubai World Trade Centre4.1 km, 8 min driveOffices
Dubai Creek Golf and Yacht Club5.9 km, 12 min driveGolf
Portside Square is an Ellington project of three towers in the Mina Rashid district of Bur Dubai, with studios to four-bedroom apartments from AED 1,100,000 and a listed handover of December 2029. The listing gives the ownership as leasehold, not freehold, so ask what the lease covers before you book.
Ownership is the first thing to check here. The listing gives it as leasehold, so ask for the lease terms and confirm what you would own before you pay a deposit. The towers are named Portside Residences I to III. The listed handover is December 2029, a little over three years from now.
The plan is 20% on booking, 50% during construction and 30% at handover. At the from price that is AED 220,000, AED 550,000 and AED 330,000. The listing gives no dates for the construction payments, so ask for the full schedule. Separately, the 4% DLD fee comes to AED 44,000; ask when it is due.
Homes run from studios to four bedrooms, between 395 and 3,440 sq ft. The listing gives about 811 sq ft for one bedroom and 1,209 sq ft for two; ask for floor plans of the other types. Facilities include lap and leisure pools, a children's pool, a gym, a kids' club, a clubhouse, yoga areas, spa and sauna zones and co-working pods. Jogging paths, covered parking and 24/7 security are listed too.
Oxford Medical Center is about 500 m away, and Al Ghubaiba Metro Station about 900 m, around a 15-minute walk. Nikki Beach is about 3 km away. Dubai World Trade Centre is about an 8-minute drive and La Mer seafront about 7 minutes by car.
