The Pier Residence

About The Pier Residence

Dubai Maritime City is the peninsula between Port Rashid and the mouth of the creek, a working maritime district that has been slowly turning into a residential one. The Pier Residence is LMD’s project there: 23 residential floors over a ground floor, four podium levels and a rooftop, with one, two and three-bedroom apartments facing the Arabian Gulf and Port Rashid.

The specification is notably specific for this price band, and it is the reason the project is worth a look rather than just another waterfront launch: 3.6-metre ceiling heights, oak flooring in living areas and bedrooms, Italian porcelain in kitchens and bathrooms, Villeroy & Boch sanitaryware, Bosch or Siemens appliances, and smart-home controls for air conditioning and entry. Heights and sanitaryware are the two things Dubai launches usually keep vague, so seeing them named is a good sign.

What to weigh. First, the district. Maritime City is genuinely close to the centre — about twelve minutes to Downtown — and it has a working port on one side and the creek on the other. That gives it water views that cannot be built out on the port side, and a working dockyard atmosphere that is not for everyone. Go and stand on the site before you buy a view.

Second, the price. Brokers quote from AED 1.4 million, and the unit range runs from 618 sq ft to 1,965 sq ft, which means the entry price almost certainly attaches to the smallest one-bedroom. At AED 1.4 million for 618 sq ft the rate is about AED 2,265 per square foot — a waterfront rate, and one that needs checking against what actually sells on the Maritime City peninsula rather than against Dubai Marina, where the same money buys a different product.

Third, supply and completion. Q2 2027 is close enough that construction should be visible and far enough that the market can move. Ask for the current construction status, the escrow position and the delay clause, and ask how many units in the building remain unsold — a project selling into its last year with a lot of stock left is a negotiating opportunity, not necessarily a warning.

Fourth, the post-handover structure. Brokers describe a 60/40 plan with part of the balance payable after handover, and one brokerage mentions bulk discounts for full-floor purchases. Ask for the plan as written, and if you are buying more than one unit, ask what the discount actually is rather than accepting a percentage in an email.

Compiled November 2026 from broker and launch-partner listings for The Pier Residence, including published floor plans and the specification summary, and LMD’s published Dubai project statements. LMD has no Dubai project website and publishes no price list; the listing portal carries no listing. Prices, sizes and dates are broker-quoted and labelled as such; the specification should be confirmed against the sale and purchase agreement.

Homes, sizes and price

The published floor plans show three unit types across 23 residential floors, with a maid’s room appearing on the larger apartments.

At the quoted from-price of AED 1.4 million the one-bedroom works out at about AED 2,265 per square foot, and the three-bedroom, if it prices proportionally, lands somewhere around AED 4.4 million. Ask for the actual price by type: on waterfront buildings the premium for the higher floors and the Gulf aspect is usually significant, and floors 22 to 28 carry the best of both.

The 3.6-metre ceiling is genuinely unusual at this price and is worth checking on site — it changes how a 618 sq ft apartment feels and how much storage you can add. Ask whether every floor gets it or only the premium levels.

Price and payment plan

Brokers quote 20% down on a 60/40 structure, with part of the balance payable after handover — some describing it as 60% through construction and 40% post-handover, others as 65/35. Read the annex, not the brochure.

A post-handover element is a real advantage on a waterfront unit, because it lets the rental income start before the last payment lands. But confirm three things: how long the post-handover period runs, whether any charge or profit share applies to it, and what happens if handover is delayed — does the post-handover clock start at contractual completion or at actual handover?

Budget the 4% Dubai Land Department fee, agency commission and the first service charge separately. On a waterfront building with an infinity pool, gym, yoga studio and roof deck, the service charge per square foot will be materially higher than the Jaddaf buildings, and it is the number that decides the net yield.

Amenities

The published amenity list reads as a waterfront residential package, with the rooftop doing most of the work:

• Infinity swimming pool and rooftop deck with a pool.
• Gymnasium and yoga studio.
• Residents’ lounge.
• Children’s play area.
• Landscaped gardens and a running track.
• Retail outlets at the podium.
• Smart-home controls for air conditioning, video entry and lighting.
• Covered parking across four podium levels.

A rooftop infinity pool on the Maritime City peninsula is the amenity that sells this building, and it is also the most expensive thing to run. Ask who operates it, what hours it keeps, and whether the pool deck is for residents only — a deck that gets rented out for events is not the same product as one that does not.

Where it is

Dubai Maritime City sits on the peninsula between Port Rashid and Dubai Creek, roughly twelve minutes by car from Downtown Dubai and close to the Sheikh Rashid Road corridor. The district is a working maritime hub with a marina, shipyards and marine businesses, alongside a growing number of residential towers and a central boulevard.

The advantage is water. A Gulf-facing apartment here looks at open sea and the port, and the port is not going anywhere — which means the view is protected in a way that a Downtown or Business Bay view is not. The disadvantage is that the district is still mixed-use in the literal sense: you will hear and see maritime activity, and the retail and restaurant scene is thin compared with the Marina.

For tenants, that means a quieter, more residential waterfront at rents below the Marina and JBR, with the trade-off of needing a car for most things. For buyers, the resale question is whether Maritime City’s supply arrives faster than its demand — look at what is completed on the peninsula and what is under construction.

At a glance

• One to three-bedroom waterfront apartments by LMD at Dubai Maritime City.
• 23 residential floors over ground, four podiums and a rooftop.
• 618 sq ft one-beds to 1,965 sq ft three-beds with maid’s room.
• 3.6 m ceilings, oak and Italian porcelain finishes, Villeroy & Boch, Bosch/Siemens appliances.
• Broker-quoted from AED 1.4 million; handover listed as Q2 2027.
• Infinity pool, gym, yoga studio, residents’ lounge and rooftop deck.

What we verify before you reserve

• The price by type, and the premium for the higher floors and Gulf aspect.
• Current construction status, escrow position and the contractual completion date.
• Whether the 3.6 m ceiling applies to all units or only premium levels.
• The post-handover schedule: length, any charge, and when the clock starts.
• Service charge per square foot and what the rooftop pool costs to run.
• Recent registered transfers and rental comparables on the peninsula.
• The specification list as written into the sale and purchase agreement.
• Freehold status and the registration route for foreign buyers.