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3-bed · 1,739 sqftOcean Cove 1, Al Mina · 5th floor · completed 2028

505, Ocean Cove 1

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

Unit 505 · DLD and Ejari recordsUpdated 14 October 2024
Last soldAED 3.46M14 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Ocean Cove 1

What is 505 worth today?

Last sold for AED 3,462,888 in 2024

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14 Oct 2024Sold by developerOff-plan
AED 3,462,888AED 1,991 per sqft

Source: Dubai Land Department. Updated 14 October 2024.

Key facts

Type
3-bed apartment
Size
1,739 sqft
Floor
5th of 9
Parking
2
Developer
Mina Rashid Properties
Completed
2028
Last sold
AED 3.46M · October 2024
Building
Ocean Cove 1

About 505, Ocean Cove 1

505 is a three-bedroom apartment of 1,739 sqft on the 5th floor of Ocean Cove 1, a 9-storey tower in Al Mina completed in 2028 by Mina Rashid Properties . The developer sold it on 14 October 2024 for AED 3,462,888, or AED 1,991 per sqft, in line with the AED 2,044 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

3-beds in Ocean Cove 1, and where 505 sits

All 16 3-beds →

505 last sold in October 2024 at AED 1,991 per sqft, in line with what three-beds in Ocean Cove 1 were fetching at the time (AED 2,044).

Recent 3-bed salesUnit no.Price (AED)Summary
9 Dec 20243,899,888
25 Nov 20243,482,888
22 Oct 20243,449,888
7 Oct 20243,577,888
0 3-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 5th floor

All 152 units in Ocean Cove 1
Value
5011-bedAED 1.85M · Aug 2024
5021-bedAED 1.87M · Aug 2024
5031-bedAED 1.87M · Aug 2024
5042-bedAED 2.73M · Aug 2024
5062-bedAED 2.55M · Jul 2025
5072-bedAED 2.62M · Sep 2024
5082-bedAED 2.59M · Aug 2024
1–7 of 19

505, Ocean Cove 1 in numbers

  • Sold once: by Mina Rashid Properties on 14 October 2024 for AED 3,462,888, or AED 1,991 per sqft.

Source: Dubai Land Department. Updated 14 October 2024.

Questions about 505, Ocean Cove 1

What did unit 505 last sell for?

AED 3,462,888 on 14 October 2024, sold by the developer: AED 1,991 per sqft for 1,739 sqft. It is the only registered sale of the unit.

How big is unit 505?

1,739 sqft (161.6 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower completed in 2028.

What is unit 505 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 505, Ocean Cove 1

Starts from the last sale price (AED 3.46M, 14 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,462,888
Deposit, UAE resident (20%)
AED 692,578
Deposit, non-resident (40%)
AED 1,385,155
Monthly over 25 years at 3.7%
AED 14,168

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