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2-bed · 1,310 sqftOcean Cove 2, Al Mina · 5th floor · completed 2028

511, Ocean Cove 2

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

Unit 511 · DLD and Ejari recordsUpdated 10 September 2024
Last soldAED 2.66M10 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 511, Ocean Cove 2

What is 511 worth today?

Last sold for AED 2,658,888 in 2024

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10 Sep 2024Sold by developerOff-plan
AED 2,658,888AED 2,029 per sqft

Source: Dubai Land Department. Updated 10 September 2024.

Key facts

Type
2-bed apartment
Size
1,310 sqft
Floor
5th of 7
Parking
1
Developer
Mina Rashid Properties
Completed
2028
Last sold
AED 2.66M · September 2024
Building
Ocean Cove 2

About 511, Ocean Cove 2

511 is a two-bedroom apartment of 1,310 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 10 September 2024 for AED 2,658,888, or AED 2,029 per sqft, 10% below the AED 2,248 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 2, and where 511 sits

All 36 2-beds →

511 last sold in September 2024 at AED 2,029 per sqft, 10% below what two-beds in Ocean Cove 2 were fetching at the time (AED 2,248). Over the last 12 months two-beds sold for AED 2,800,000, around AED 2,139 per sqft.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Nov 20262,800,000
8 Jul 20253,043,888
6 Jan 20252,639,888
22 Nov 20242,944,888
1 2-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
5051-bedAED 1.8M · Aug 2024
5061-bedAED 1.78M · Aug 2024
5072-bedAED 2.62M · Sep 2024
1–7 of 12

511, Ocean Cove 2 in numbers

  • Sold once: by Mina Rashid Properties on 10 September 2024 for AED 2,658,888, or AED 2,029 per sqft.
  • Two-beds in Ocean Cove 2 sold for AED 2,800,000–2,800,000 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 10 September 2024.

Questions about 511, Ocean Cove 2

What did unit 511 last sell for?

AED 2,658,888 on 10 September 2024, sold by the developer: AED 2,029 per sqft for 1,310 sqft. It is the only registered sale of the unit.

How big is unit 511?

1,310 sqft (121.7 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2028.

What is unit 511 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Ocean Cove 2 sold for AED 2,800,000 to 2,800,000 in the last 12 months, around AED 2,139 per sqft.

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Mortgage on 511, Ocean Cove 2

Starts from the last sale price (AED 2.66M, 10 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,658,888
Deposit, UAE resident (20%)
AED 531,778
Deposit, non-resident (40%)
AED 1,063,555
Monthly over 25 years at 3.7%
AED 10,878

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