505, The Cove Building 1
Sold prices and rental history: sold once, by the developer in November 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, The Cove Building 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 3 November 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,283 sqft
- Floor
- 5th of 21
- Parking
- B2-64
- Developer
- Emaar
- Completed
- 2021
- Service charge
- AED 28,200 /yr
- Last sold
- AED 2.77M · November 2021
- Building
- The Cove Building 1
About 505, The Cove Building 1
505 is a two-bedroom apartment of 1,283 sqft on the 5th floor of The Cove Building 1, a 21-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. The developer sold it on 3 November 2021 for AED 2,770,888, or AED 2,160 per sqft, 11% above the AED 1,938 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 505 over time
505 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 505 sits
All 55 2-beds →505 last sold in November 2021 at AED 2,160 per sqft, 11% above what two-beds in The Cove Building 1 were fetching at the time (AED 1,938). 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.
| 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 5th floor
All 136 units in The Cove Building 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 826 sqft | AED 1.55MAED 1,548,888 · Feb 2020February 2020 | 85,000 /yr | |
| 503 | 3-bed | 1,839 sqft | AED 3.64MAED 3,642,888 · May 2021May 2021 | ||
| 504 | 1-bed | 745 sqft | AED 1.6MAED 1,600,000 · Nov 2022November 2022 | ||
| 506 | 2-bed | 1,339 sqft | AED 2.8MAED 2,803,888 · Oct 2022October 2022 | 140,000 /yr | |
| 507 | 2-bed | 1,343 sqft | AED 2.4MAED 2,401,888 · Aug 2021August 2021 | 145,000 /yr |
505, The Cove Building 1 in numbers
- Sold once: by Emaar on 3 November 2021 for AED 2,770,888, or AED 2,160 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 November 2021.
Questions about 505, The Cove Building 1
What did unit 505 last sell for?
AED 2,770,888 on 3 November 2021, sold by the developer: AED 2,160 per sqft for 1,283 sqft. It is the only registered sale of the unit.
How big is unit 505?
1,283 sqft (119.2 sqm): a two-bedroom apartment on the 5th floor of a 21-storey tower completed in 2021.
What is unit 505 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 505, The Cove Building 1
Starts from the last sale price (AED 2.77M, 3 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,770,888
- Deposit, UAE resident (20%)
- AED 554,178
- Deposit, non-resident (40%)
- AED 1,108,355
- Monthly over 25 years at 3.7%
- AED 11,337
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →