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1-bed · 805 sqftOcean Cove 2, Al Mina · 5th floor · completed 2028

505, Ocean Cove 2

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 505 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 1.8M29 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Ocean Cove 2

What is 505 worth today?

Last sold for AED 1,796,888 in 2024

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29 Aug 2024Sold by developerOff-plan
AED 1,796,888AED 2,233 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
1-bed apartment
Size
805 sqft
Floor
5th of 7
Parking
1
Developer
Mina Rashid Properties
Completed
2028
Last sold
AED 1.8M · August 2024
Building
Ocean Cove 2

About 505, Ocean Cove 2

505 is a one-bedroom apartment of 805 sqft on the 5th floor of Ocean Cove 2, a 7-storey tower in Al Mina completed in 2028 by Mina Rashid Properties . The developer sold it on 29 August 2024 for AED 1,796,888, or AED 2,233 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.

1-beds in Ocean Cove 2, and where 505 sits

All 31 1-beds →

505 last sold in August 2024 at AED 2,233 per sqft, in line with what one-beds in Ocean Cove 2 were fetching at the time (AED 2,235). Over the last 12 months one-beds sold for AED 1,792,888, around AED 2,228 per sqft.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Apr 20261,792,888
6 Dec 20241,853,888
23 Oct 20241,987,888
14 Oct 20241,809,888
1 1-bed sale in the last 12 months

Ocean Cove 2

Building

79 apartments, 1-bed to 3-bed over 7 floors in Al Mina, completed in 2028 by Mina Rashid Properties . 2 sold in the last 12 months.

Typical price per sqft
AED 2,184
Typical sale
AED 2.3M
Typical rent
Few contracts
Typical yield
Ocean Cove 2, Al Mina: prices, sales and rents →

Other units on the 5th floor

All 79 units in Ocean Cove 2
Value
5011-bedAED 1.8M · Aug 2024
5022-bedAED 2.63M · Aug 2024
5033-bedAED 3.58M · Oct 2024
5042-bedAED 2.94M · Nov 2024
5061-bedAED 1.78M · Aug 2024
5072-bedAED 2.62M · Sep 2024
5082-bedAED 2.59M · Sep 2024
1–7 of 12

505, Ocean Cove 2 in numbers

  • Sold once: by Mina Rashid Properties on 29 August 2024 for AED 1,796,888, or AED 2,233 per sqft.
  • One-beds in Ocean Cove 2 sold for AED 1,792,888–1,792,888 in the 12 months to November 2026; the building's median across all types is AED 2,184 per sqft.

Source: Dubai Land Department. Updated 29 August 2024.

Questions about 505, Ocean Cove 2

What did unit 505 last sell for?

AED 1,796,888 on 29 August 2024, sold by the developer: AED 2,233 per sqft for 805 sqft. It is the only registered sale of the unit.

How big is unit 505?

805 sqft (74.8 sqm): a one-bedroom apartment on the 5th floor of a 7-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. One-beds in Ocean Cove 2 sold for AED 1,792,888 to 1,792,888 in the last 12 months, around AED 2,228 per sqft.

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Mortgage on 505, Ocean Cove 2

Starts from the last sale price (AED 1.8M, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,796,888
Deposit, UAE resident (20%)
AED 359,378
Deposit, non-resident (40%)
AED 718,755
Monthly over 25 years at 3.7%
AED 7,352

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