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2-bed · 1,308 sqftOcean Cove 1, Al Mina · 4th floor · completed 2028

407, Ocean Cove 1

Sold prices and rental history: sold once, by the developer in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 27 August 2024
Last soldAED 2.61M27 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Ocean Cove 1

What is 407 worth today?

Last sold for AED 2,613,888 in 2024

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27 Aug 2024Sold by developerOff-plan
AED 2,613,888AED 1,999 per sqft

Source: Dubai Land Department. Updated 27 August 2024.

Key facts

Type
2-bed apartment
Size
1,308 sqft
Floor
4th of 9
Parking
1
Developer
Mina Rashid Properties
Completed
2028
Last sold
AED 2.61M · August 2024
Building
Ocean Cove 1

About 407, Ocean Cove 1

407 is a two-bedroom apartment of 1,308 sqft on the 4th floor of Ocean Cove 1, a 9-storey tower in Al Mina completed in 2028 by Mina Rashid Properties . The developer sold it on 27 August 2024 for AED 2,613,888, or AED 1,999 per sqft, 6% below the AED 2,127 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

2-beds in Ocean Cove 1, and where 407 sits

All 67 2-beds →

407 last sold in August 2024 at AED 1,999 per sqft, 6% below what two-beds in Ocean Cove 1 were fetching at the time (AED 2,127).

Recent 2-bed salesUnit no.Price (AED)Summary
10 Jul 20252,553,888
9 Jun 20252,602,888
26 Dec 20242,887,950
12 Dec 20242,937,888
0 2-bed sales in the last 12 months

Ocean Cove 1

Building

152 apartments, 1-bed to 3-bed over 9 floors in Al Mina, completed in 2028 by Mina Rashid Properties . 6 sold in the last 12 months.

Typical price per sqft
AED 2,266
Typical sale
AED 1.81M
Typical rent
Few contracts
Typical yield
Ocean Cove 1, Al Mina: prices, sales and rents →

Other units on the 4th floor

All 152 units in Ocean Cove 1
Value
4011-bedAED 1.85M · Oct 2026
4021-bedAED 1.86M · Sep 2024
4031-bedAED 1.86M · Sep 2024
4042-bedAED 2.73M · Aug 2024
4053-bedAED 3.46M · Sep 2024
4062-bedAED 2.55M · Sep 2024
4082-bedAED 2.59M · Oct 2024
1–7 of 19

407, Ocean Cove 1 in numbers

  • Sold once: by Mina Rashid Properties on 27 August 2024 for AED 2,613,888, or AED 1,999 per sqft.

Source: Dubai Land Department. Updated 27 August 2024.

Questions about 407, Ocean Cove 1

What did unit 407 last sell for?

AED 2,613,888 on 27 August 2024, sold by the developer: AED 1,999 per sqft for 1,308 sqft. It is the only registered sale of the unit.

How big is unit 407?

1,308 sqft (121.5 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2028.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 407, Ocean Cove 1

Starts from the last sale price (AED 2.61M, 27 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,613,888
Deposit, UAE resident (20%)
AED 522,778
Deposit, non-resident (40%)
AED 1,045,555
Monthly over 25 years at 3.7%
AED 10,694

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →