1-bed · 826 sqftThe Cove Building 1, Dubai Creek Harbour · 15th floor · completed 2021

1501, The Cove Building 1

Sold prices and rental history: sold twice, last 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 1501 · DLD and Ejari recordsUpdated 30 August 2024
Last soldAED 2.08M30 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, The Cove Building 1

What is 1501 worth today?

Last sold for AED 2,080,000 in 2024

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30 Aug 2024SoldReady
AED 2,080,000AED 2,517 per sqft
19 Mar 2018Sold by developerOff-plan
AED 1,498,888AED 1,814 per sqft

Source: Dubai Land Department. Updated 30 August 2024.

Key facts

Type
1-bed apartment
Size
826 sqft
Floor
15th of 21
Parking
B1-74
Developer
Emaar
Completed
2021
Service charge
AED 18,200 /yr
Last sold
AED 2.08M · August 2024

About 1501, The Cove Building 1

1501 is a one-bedroom apartment of 826 sqft on the 15th floor of The Cove Building 1, a 21-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. It last sold on 30 August 2024 for AED 2,080,000, or AED 2,517 per sqft, 3% above the AED 2,433 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical one-bed in The Cove Building 1
1.5M2M2017202020232026Typical sale price by year: 2017 AED 1,468,388; 2018 AED 1,475,888; 2019 AED 1,534,888; 2020 AED 1,556,888; 2022 AED 1,450,000; 2023 AED 1,975,888; 2024 AED 1,670,000; 2025 AED 1,987,500Sold by developer, March 2018: AED 1,498,888 (AED 1,814 per sqft)Sold, August 2024: AED 2,080,000 (AED 2,517 per sqft)

1501 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1501, each contractTypical one-bed in The Cove Building 1
80K100K202220242026Typical rent by year: 2022 AED 75,000; 2023 AED 80,000; 2024 AED 89,000; 2025 AED 95,500; 2026 AED 105,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Cove Building 1, and where 1501 sits

All 38 1-beds →

1501 last sold in August 2024 at AED 2,517 per sqft, 3% above what one-beds in The Cove Building 1 were fetching at the time (AED 2,433). Over the last 12 months one-beds sold for AED 1,500,000 to 2,000,000, around AED 2,330 per sqft, and rent for AED 76,700 to 208,877 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Feb 20262,000,000
10 Dec 20251,500,000
17 Nov 20251,925,000
11 Sep 20252,050,000
3 1-bed sales in the last 12 months

The Cove Building 1

Building

136 apartments, 1-bed to 4-bed over 21 floors in Dubai Creek Harbour, completed in 2021 by Emaar. 16 sold in the last 12 months.

Typical price per sqft
AED 2,356 Up 1.3%
Typical sale
AED 3.13M
Typical rent
AED 133K /yr
Typical yield
5.6%
The Cove Building 1, Dubai Creek Harbour: prices, sales and rents →

Other units on the 15th floor

All 136 units in The Cove Building 1
Value
15023-bedAED 4.3M · Jan 2024
15033-bedAED 3.5M · Dec 2017
15041-bedAED 1.47M · Nov 2017
15052-bedAED 2.9M · Aug 2024
15062-bedAED 2.6M · Jul 2022
15072-bedAED 2.22M · Jan 2019

1501, The Cove Building 1 in numbers

  • Sold twice: first on 19 March 2018 for AED 1,498,888, last on 30 August 2024 for AED 2,080,000 (AED 2,517 per sqft).
  • One-beds in The Cove Building 1 sold for AED 1,500,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,356 per sqft.

Source: Dubai Land Department. Updated 30 August 2024.

Questions about 1501, The Cove Building 1

What did unit 1501 last sell for?

AED 2,080,000 on 30 August 2024: AED 2,517 per sqft for 826 sqft. The unit has 2 registered sales; the first was AED 1,498,888 in March 2018.

How big is unit 1501?

826 sqft (76.7 sqm): a one-bedroom apartment on the 15th floor of a 21-storey tower completed in 2021.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Cove Building 1 sold for AED 1,500,000 to 2,000,000 in the last 12 months, around AED 2,330 per sqft.

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Mortgage on 1501, The Cove Building 1

Starts from the last sale price (AED 2.08M, 30 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,080,000
Deposit, UAE resident (20%)
AED 416,000
Deposit, non-resident (40%)
AED 832,000
Monthly over 25 years at 3.7%
AED 8,510

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