407, The Cove Building 1
Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, The Cove Building 1
What is 407 worth today?
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Source: Dubai Land Department. Updated 3 September 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,343 sqft
- Floor
- 4th of 21
- Parking
- B1-91
- Developer
- Emaar
- Completed
- 2021
- Service charge
- AED 29,500 /yr
- Last sold
- AED 2.11M · December 2017
- Building
- The Cove Building 1
About 407, The Cove Building 1
407 is a two-bedroom apartment of 1,343 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 17 December 2017 for AED 2,109,888, or AED 1,571 per sqft, 15% below the AED 1,841 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 3 September 2025, is AED 140,134 a year: a gross yield of 6.6% on the 2017 price, before the service charge of about AED 29,500 a year.
Sales and rents for 407 over time
407 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 407 sits
All 55 2-beds →407 last sold in December 2017 at AED 1,571 per sqft, 15% below what two-beds in The Cove Building 1 were fetching at the time (AED 1,841). 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. 407's AED 140,134 is in the lower 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 | ||
| 406 | 2-bed | 1,339 sqft | AED 2.8MAED 2,798,888 · Apr 2022April 2022 | 175,000 /yr |
407, The Cove Building 1 in numbers
- Sold once: by Emaar on 17 December 2017 for AED 2,109,888, or AED 1,571 per sqft.
- Rented since September 2022 on 4 Ejari contracts, from AED 140,000 to AED 140,134 a year.
- At AED 140,134 a year the gross yield on the 2017 price is 6.6%, before a service charge of about AED 29,500 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 3 September 2025.
Questions about 407, The Cove Building 1
What did unit 407 last sell for?
AED 2,109,888 on 17 December 2017, sold by the developer: AED 1,571 per sqft for 1,343 sqft. It is the only registered sale of the unit.
What is the rent for unit 407?
AED 140,134 a year on the contract renewed on 3 September 2025. The previous contract, from September 2024, was AED 140,000; the unit has been rented since September 2022.
How big is unit 407?
1,343 sqft (124.8 sqm): a two-bedroom apartment on the 4th floor of a 21-storey tower completed in 2021.
What is unit 407 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 407, The Cove Building 1
Starts from the last sale price (AED 2.11M, 17 December 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,109,888
- Deposit, UAE resident (20%)
- AED 421,978
- Deposit, non-resident (40%)
- AED 843,955
- Monthly over 25 years at 3.7%
- AED 8,632
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →