516, 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.
Property timeline for 516, Ocean Cove 1
What is 516 worth today?
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Source: Dubai Land Department. Updated 14 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 796 sqft
- Floor
- 5th of 9
- Parking
- 1
- Developer
- Mina Rashid Properties
- Completed
- 2028
- Last sold
- AED 1.74M · October 2024
- Building
- Ocean Cove 1
About 516, Ocean Cove 1
516 is a one-bedroom apartment of 796 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 1,742,330, or AED 2,187 per sqft, in line with the AED 2,235 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 516 over time
516 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Ocean Cove 1, and where 516 sits
All 69 1-beds →516 last sold in October 2024 at AED 2,187 per sqft, in line with what one-beds in Ocean Cove 1 were fetching at the time (AED 2,235). Over the last 12 months one-beds sold for AED 1,763,888 to 2,050,000, around AED 2,266 per sqft.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Oct 202619 October 2026 | 805 sqft | 1,848,888 | 2,296 | ||
| 19 Aug 202619 August 2026 | 797 sqft | 1,780,888 | 2,235 | ||
| 24 Jul 202624 July 2026 | 797 sqft | 1,766,888 | 2,218 | ||
| 16 Feb 202616 February 2026 | 796 sqft | 2,050,000 | 2,574 |
Ocean Cove 1
Building152 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
Other units on the 5th floor
All 152 units in Ocean Cove 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 805 sqft | AED 1.85MAED 1,851,888 · Aug 2024August 2024 | ||
| 502 | 1-bed | 796 sqft | AED 1.87MAED 1,865,888 · Aug 2024August 2024 | ||
| 503 | 1-bed | 796 sqft | AED 1.87MAED 1,865,888 · Aug 2024August 2024 | ||
| 504 | 2-bed | 1,285 sqft | AED 2.73MAED 2,731,888 · Aug 2024August 2024 | ||
| 505 | 3-bed | 1,739 sqft | AED 3.46MAED 3,462,888 · Oct 2024October 2024 | ||
| 506 | 2-bed | 1,220 sqft | AED 2.55MAED 2,553,888 · Jul 2025July 2025 | ||
| 507 | 2-bed | 1,308 sqft | AED 2.62MAED 2,618,888 · Sep 2024September 2024 | ||
| 508 | 2-bed | 1,248 sqft | AED 2.59MAED 2,592,888 · Aug 2024August 2024 | ||
| 509 | 1-bed | 796 sqft | AED 1.78MAED 1,777,888 · Aug 2024August 2024 | ||
| 510 | 1-bed | 796 sqft | AED 1.78MAED 1,777,888 · Sep 2024September 2024 | ||
| 511 | 1-bed | 797 sqft | AED 1.78MAED 1,777,888 · Aug 2024August 2024 | ||
| 512 | 1-bed | 796 sqft | AED 1.78MAED 1,776,888 · Aug 2024August 2024 | ||
| 513 | 1-bed | 796 sqft | AED 1.78MAED 1,777,888 · Aug 2024August 2024 | ||
| 514 | 2-bed | 1,315 sqft | AED 2.64MAED 2,636,888 · Aug 2024August 2024 | ||
| 515 | 2-bed | 1,152 sqft | AED 2.51MAED 2,511,888 · Aug 2024August 2024 | ||
| 517 | 2-bed | 1,152 sqft | AED 2.51MAED 2,511,888 · Aug 2024August 2024 | ||
| 518 | 2-bed | 1,308 sqft | AED 2.62MAED 2,618,888 · Sep 2024September 2024 | ||
| 519 | 2-bed | 1,357 sqft | AED 2.65MAED 2,654,888 · Aug 2024August 2024 | ||
| 520 | 3-bed | 1,657 sqft | AED 3.6MAED 3,598,888 · Sep 2024September 2024 |
516, Ocean Cove 1 in numbers
- Sold once: by Mina Rashid Properties on 14 October 2024 for AED 1,742,330, or AED 2,187 per sqft.
- One-beds in Ocean Cove 1 sold for AED 1,763,888–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 2,266 per sqft.
Source: Dubai Land Department. Updated 14 October 2024.
Questions about 516, Ocean Cove 1
What did unit 516 last sell for?
AED 1,742,330 on 14 October 2024, sold by the developer: AED 2,187 per sqft for 796 sqft. It is the only registered sale of the unit.
How big is unit 516?
796 sqft (74.0 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2028.
What is unit 516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Ocean Cove 1 sold for AED 1,763,888 to 2,050,000 in the last 12 months, around AED 2,266 per sqft.
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Mortgage on 516, Ocean Cove 1
Starts from the last sale price (AED 1.74M, 14 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,742,330
- Deposit, UAE resident (20%)
- AED 348,466
- Deposit, non-resident (40%)
- AED 696,932
- Monthly over 25 years at 3.7%
- AED 7,128
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →