1505, The Cove Building 1
Sold prices and rental history: sold twice, last in August 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1505, The Cove Building 1
What is 1505 worth today?
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Source: Dubai Land Department. Updated 29 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,283 sqft
- Floor
- 15th of 21
- Parking
- B2-155
- Developer
- Emaar
- Completed
- 2021
- Service charge
- AED 28,200 /yr
- Last sold
- AED 2.9M · August 2024
- Building
- The Cove Building 1
About 1505, The Cove Building 1
1505 is a two-bedroom apartment of 1,283 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 29 August 2024 for AED 2,900,000, or AED 2,260 per sqft, in line with the AED 2,209 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 9 May 2023, is AED 120,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 28,200 a year.
Sales and rents for 1505 over time
1505 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Cove Building 1, and where 1505 sits
All 55 2-beds →1505 last sold in August 2024 at AED 2,260 per sqft, in line with what two-beds in The Cove Building 1 were fetching at the time (AED 2,209). Over the last 12 months two-beds sold for AED 2,650,000 to 4,424,888, around AED 2,330 per sqft, and rent for AED 130,000 to 190,000 a year. 1505's AED 120,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Oct 202613 October 2026 | 1,343 sqft | 3,200,000 | 2,382 | ||
| 11 Sep 202611 September 2026 | 1,283 sqft | 2,750,000 | 2,144 | ||
| 9 Sep 20269 September 2026 | 1,339 sqft | 3,300,000 | 2,465 | ||
| 3 Aug 20263 August 2026 | 1,339 sqft | 2,750,000 | 2,054 |
The Cove Building 1
Building136 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%
Other units on the 15th floor
All 136 units in The Cove Building 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 826 sqft | AED 2.08MAED 2,080,000 · Aug 2024August 2024 | ||
| 1502 | 3-bed | 1,840 sqft | AED 4.3MAED 4,300,000 · Jan 2024January 2024 | ||
| 1503 | 3-bed | 1,839 sqft | AED 3.5MAED 3,503,888 · Dec 2017December 2017 | ||
| 1504 | 1-bed | 735 sqft | AED 1.47MAED 1,468,888 · Nov 2017November 2017 | 80,000 /yr | |
| 1506 | 2-bed | 1,339 sqft | AED 2.6MAED 2,600,000 · Jul 2022July 2022 | ||
| 1507 | 2-bed | 1,343 sqft | AED 2.22MAED 2,220,888 · Jan 2019January 2019 | 154,171 /yr |
1505, The Cove Building 1 in numbers
- Sold twice: first on 16 November 2017 for AED 2,451,888, last on 29 August 2024 for AED 2,900,000 (AED 2,260 per sqft).
- Rented since May 2022 on 2 Ejari contracts, at AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 28,200 a year (AED 22.00 per sqft).
- Two-beds in The Cove Building 1 sold for AED 2,650,000–4,424,888 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 29 August 2024.
Questions about 1505, The Cove Building 1
What did unit 1505 last sell for?
AED 2,900,000 on 29 August 2024: AED 2,260 per sqft for 1,283 sqft. The unit has 2 registered sales; the first was AED 2,451,888 in November 2017.
What is the rent for unit 1505?
AED 120,000 a year on the contract signed on 9 May 2023. The previous contract, from May 2022, was AED 120,000.
How big is unit 1505?
1,283 sqft (119.2 sqm): a two-bedroom apartment on the 15th floor of a 21-storey tower completed in 2021.
What is unit 1505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Cove Building 1 sold for AED 2,650,000 to 4,424,888 in the last 12 months, around AED 2,330 per sqft.
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Mortgage on 1505, The Cove Building 1
Starts from the last sale price (AED 2.9M, 29 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →