3-bed · 1,839 sqftThe Cove Building 1, Dubai Creek Harbour · 15th floor · completed 2021

1503, The Cove Building 1

Sold prices and rental history: sold once, by the developer in December 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 14 December 2017
Last soldAED 3.5M14 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1503, The Cove Building 1

What is 1503 worth today?

Last sold for AED 3,503,888 in 2017

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14 Dec 2017Sold by developerOff-plan
AED 3,503,888AED 1,905 per sqft

Source: Dubai Land Department. Updated 14 December 2017.

Key facts

Type
3-bed apartment
Size
1,839 sqft
Floor
15th of 21
Parking
B2-168, B2-169
Developer
Emaar
Completed
2021
Service charge
AED 40,500 /yr
Last sold
AED 3.5M · December 2017

About 1503, The Cove Building 1

1503 is a three-bedroom apartment of 1,839 sqft on the 15th floor of The Cove Building 1, a 21-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. The developer sold it on 14 December 2017 for AED 3,503,888, or AED 1,905 per sqft, in line with the AED 1,886 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1503 over time

Sales
Unit 1503, each saleTypical three-bed in The Cove Building 1
3.5M4M4.5M2017202020232026Typical sale price by year: 2017 AED 3,481,388; 2018 AED 3,460,888; 2019 AED 3,453,888; 2021 AED 3,878,170; 2022 AED 4,208,888; 2023 AED 4,519,888; 2024 AED 4,240,000; 2025 AED 4,500,000Sold by developer, December 2017: AED 3,503,888 (AED 1,905 per sqft)

1503 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1503, each contractTypical three-bed in The Cove Building 1
200K250K202220242026Typical rent by year: 2022 AED 185,000; 2023 AED 200,000; 2024 AED 200,000; 2025 AED 270,000; 2026 AED 280,000

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

3-beds in The Cove Building 1, and where 1503 sits

All 39 3-beds →

1503 last sold in December 2017 at AED 1,905 per sqft, in line with what three-beds in The Cove Building 1 were fetching at the time (AED 1,886). Over the last 12 months three-beds sold for AED 3,700,000 to 4,700,000, around AED 2,282 per sqft, and rent for AED 220,000 to 400,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Nov 20264,700,000
18 Dec 20253,700,000
8 Nov 20254,500,000
25 Jul 20254,800,000
2 3-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
15011-bedAED 2.08M · Aug 2024
15023-bedAED 4.3M · Jan 2024
15041-bedAED 1.47M · Nov 2017
15052-bedAED 2.9M · Aug 2024
15062-bedAED 2.6M · Jul 2022
15072-bedAED 2.22M · Jan 2019

1503, The Cove Building 1 in numbers

  • Sold once: by Emaar on 14 December 2017 for AED 3,503,888, or AED 1,905 per sqft.
  • Three-beds in The Cove Building 1 sold for AED 3,700,000–4,700,000 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 14 December 2017.

Questions about 1503, The Cove Building 1

What did unit 1503 last sell for?

AED 3,503,888 on 14 December 2017, sold by the developer: AED 1,905 per sqft for 1,839 sqft. It is the only registered sale of the unit.

How big is unit 1503?

1,839 sqft (170.8 sqm): a three-bedroom apartment on the 15th floor of a 21-storey tower completed in 2021.

What is unit 1503 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Cove Building 1 sold for AED 3,700,000 to 4,700,000 in the last 12 months, around AED 2,282 per sqft.

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Mortgage on 1503, The Cove Building 1

Starts from the last sale price (AED 3.5M, 14 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,503,888
Deposit, UAE resident (20%)
AED 700,778
Deposit, non-resident (40%)
AED 1,401,555
Monthly over 25 years at 3.7%
AED 14,335

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