406, The Cove Building 1
Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, The Cove Building 1
What is 406 worth today?
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Source: Dubai Land Department. Updated 25 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,339 sqft
- Floor
- 4th of 21
- Parking
- B1-133
- Developer
- Emaar
- Completed
- 2021
- Service charge
- AED 29,400 /yr
- Last sold
- AED 2.8M · April 2022
- Building
- The Cove Building 1
About 406, The Cove Building 1
406 is a two-bedroom apartment of 1,339 sqft on the 4th floor of The Cove Building 1, a 21-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. The developer sold it on 12 April 2022 for AED 2,798,888, or AED 2,090 per sqft, in line with the AED 2,035 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 25 March 2024, is AED 175,000 a year: a gross yield of 6.3% on the 2022 price, before the service charge of about AED 29,400 a year.
Sales and rents for 406 over time
406 has sold once; 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 406 sits
All 55 2-beds →406 last sold in April 2022 at AED 2,090 per sqft, in line with what two-beds in The Cove Building 1 were fetching at the time (AED 2,035). 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. 406's AED 175,000 is in the upper half 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 4th floor
All 136 units in The Cove Building 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 826 sqft | AED 1.47MAED 1,467,888 · Nov 2017November 2017 | 87,000 /yr | |
| 402 | 3-bed | 1,840 sqft | AED 4MAED 4,000,000 · Apr 2025April 2025 | ||
| 403 | 3-bed | 1,839 sqft | AED 4.5MAED 4,500,000 · Nov 2025November 2025 | ||
| 404 | 1-bed | 745 sqft | AED 2.04MAED 2,040,000 · Nov 2023November 2023 | 110,000 /yr | |
| 405 | 2-bed | 1,283 sqft | AED 2.85MAED 2,849,888 · Jan 2022January 2022 | ||
| 407 | 2-bed | 1,343 sqft | AED 2.11MAED 2,109,888 · Dec 2017December 2017 | 140,134 /yr |
406, The Cove Building 1 in numbers
- Sold once: by Emaar on 12 April 2022 for AED 2,798,888, or AED 2,090 per sqft.
- Rented since November 2022 on 2 Ejari contracts, at AED 175,000 a year.
- At AED 175,000 a year the gross yield on the 2022 price is 6.3%, before a service charge of about AED 29,400 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 25 March 2024.
Questions about 406, The Cove Building 1
What did unit 406 last sell for?
AED 2,798,888 on 12 April 2022, sold by the developer: AED 2,090 per sqft for 1,339 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 175,000 a year on the contract signed on 25 March 2024. The previous contract, from November 2022, was AED 175,000.
How big is unit 406?
1,339 sqft (124.4 sqm): a two-bedroom apartment on the 4th floor of a 21-storey tower completed in 2021.
What is unit 406 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 406, The Cove Building 1
Starts from the last sale price (AED 2.8M, 12 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,798,888
- Deposit, UAE resident (20%)
- AED 559,778
- Deposit, non-resident (40%)
- AED 1,119,555
- Monthly over 25 years at 3.7%
- AED 11,451
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →