1-bed · 745 sqftThe Cove Building 1, Dubai Creek Harbour · 5th floor · completed 2021

504, The Cove Building 1

Sold prices and rental history: sold twice, last in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 14 November 2022
Last soldAED 1.6M14 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, The Cove Building 1

What is 504 worth today?

Last sold for AED 1,600,000 in 2022

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14 Nov 2022SoldReady
AED 1,600,000AED 2,147 per sqft
4 Sep 2019Sold by developerOff-plan
AED 1,495,888AED 2,034 per sqft

Source: Dubai Land Department. Updated 14 November 2022.

Key facts

Type
1-bed apartment
Size
745 sqft
Floor
5th of 21
Parking
B1-104
Developer
Emaar
Completed
2021
Service charge
AED 16,400 /yr
Last sold
AED 1.6M · November 2022

About 504, The Cove Building 1

504 is a one-bedroom apartment of 745 sqft on the 5th floor of The Cove Building 1, a 21-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. It last sold on 14 November 2022 for AED 1,600,000, or AED 2,147 per sqft, 5% above the AED 2,044 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical one-bed in The Cove Building 1
1.5M1.75M2M2017202020232026Typical 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, September 2019: AED 1,495,888 (AED 2,034 per sqft)Sold, November 2022: AED 1,600,000 (AED 2,147 per sqft)

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

Rents
Unit 504, 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 504 sits

All 38 1-beds →

504 last sold in November 2022 at AED 2,147 per sqft, 5% above what one-beds in The Cove Building 1 were fetching at the time (AED 2,044). 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 5th floor

All 136 units in The Cove Building 1
Value
5011-bedAED 1.55M · Feb 2020
5033-bedAED 3.64M · May 2021
5052-bedAED 2.77M · Nov 2021
5062-bedAED 2.8M · Oct 2022
5072-bedAED 2.4M · Aug 2021

504, The Cove Building 1 in numbers

  • Sold twice: first on 4 September 2019 for AED 1,495,888, last on 14 November 2022 for AED 1,600,000 (AED 2,147 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 14 November 2022.

Questions about 504, The Cove Building 1

What did unit 504 last sell for?

AED 1,600,000 on 14 November 2022: AED 2,147 per sqft for 745 sqft. The unit has 2 registered sales; the first was AED 1,495,888 in September 2019.

How big is unit 504?

745 sqft (69.2 sqm): a one-bedroom apartment on the 5th floor of a 21-storey tower completed in 2021.

What is unit 504 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 504, The Cove Building 1

Starts from the last sale price (AED 1.6M, 14 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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