506, The Cove Building 1
Sold prices and rental history: sold once, by the developer in October 2022, 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 506, The Cove Building 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 12 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,339 sqft
- Floor
- 5th of 21
- Parking
- B1-155
- Developer
- Emaar
- Completed
- 2021
- Service charge
- AED 29,400 /yr
- Last sold
- AED 2.8M · October 2022
- Building
- The Cove Building 1
About 506, The Cove Building 1
506 is a two-bedroom apartment of 1,339 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 24 October 2022 for AED 2,803,888, or AED 2,094 per sqft, in line with the AED 2,058 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 12 June 2026, is AED 140,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 29,400 a year.
Sales and rents for 506 over time
506 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 506 sits
All 55 2-beds →506 last sold in October 2022 at AED 2,094 per sqft, in line with what two-beds in The Cove Building 1 were fetching at the time (AED 2,058). 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. 506's AED 140,000 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 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 | ||
| 505 | 2-bed | 1,283 sqft | AED 2.77MAED 2,770,888 · Nov 2021November 2021 | ||
| 507 | 2-bed | 1,343 sqft | AED 2.4MAED 2,401,888 · Aug 2021August 2021 | 145,000 /yr |
506, The Cove Building 1 in numbers
- Sold once: by Emaar on 24 October 2022 for AED 2,803,888, or AED 2,094 per sqft.
- Rented since October 2022 on 5 Ejari contracts, from AED 115,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2022 price is 5.0%, 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 12 June 2026.
Questions about 506, The Cove Building 1
What did unit 506 last sell for?
AED 2,803,888 on 24 October 2022, sold by the developer: AED 2,094 per sqft for 1,339 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 140,000 a year on the contract signed on 12 June 2026. The previous contract, from October 2025, was AED 140,000; the unit has been rented since October 2022.
How big is unit 506?
1,339 sqft (124.4 sqm): a two-bedroom apartment on the 5th floor of a 21-storey tower completed in 2021.
What is unit 506 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 506, The Cove Building 1
Starts from the last sale price (AED 2.8M, 24 October 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,803,888
- Deposit, UAE resident (20%)
- AED 560,778
- Deposit, non-resident (40%)
- AED 1,121,555
- Monthly over 25 years at 3.7%
- AED 11,472
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →