2-bed · 1,287 sqftThe Cove Building 2, Dubai Creek Harbour · 4th floor · completed 2021

408, The Cove Building 2

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

Unit 408 · DLD and Ejari recordsUpdated 1 June 2022
Last soldAED 2.1M1 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, The Cove Building 2

What is 408 worth today?

Last sold for AED 2,100,000 in 2022

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1 Jun 2022SoldReady
AED 2,100,000AED 1,631 per sqft
16 May 2018Sold by developerOff-plan
AED 1,742,888AED 1,383 per sqft

Source: Dubai Land Department. Updated 1 June 2022.

Key facts

Type
2-bed apartment
Size
1,287 sqft
Floor
4th of 9
Parking
B1-126
Developer
Emaar
Completed
2021
Service charge
AED 28,300 /yr
Last sold
AED 2.1M · June 2022

About 408, The Cove Building 2

408 is a two-bedroom apartment of 1,287 sqft on the 4th floor of The Cove Building 2, a 9-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. It last sold on 1 June 2022 for AED 2,100,000, or AED 1,631 per sqft, 20% below the AED 2,029 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical two-bed in The Cove Building 2
2M3M2017202020232026Typical sale price by year: 2017 AED 1,997,388; 2018 AED 2,253,888; 2019 AED 2,378,888; 2021 AED 2,562,888; 2022 AED 2,714,888; 2023 AED 2,770,000; 2024 AED 3,016,944; 2026 AED 2,950,000Sold by developer, May 2018: AED 1,742,888 (AED 1,383 per sqft)Sold, June 2022: AED 2,100,000 (AED 1,631 per sqft)

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

Rents
Unit 408, each contractTypical two-bed in The Cove Building 2
120K140K160K202220242026Typical rent by year: 2022 AED 116,500; 2023 AED 145,000; 2024 AED 145,000; 2025 AED 160,000; 2026 AED 156,788

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 2, and where 408 sits

All 43 2-beds →

408 last sold in June 2022 at AED 1,631 per sqft, 20% below what two-beds in The Cove Building 2 were fetching at the time (AED 2,029). Over the last 12 months two-beds sold for AED 2,900,000 to 3,550,000, around AED 2,445 per sqft, and rent for AED 107,100 to 200,539 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Apr 20262,950,000
20 Feb 20263,550,000
2 Feb 20262,900,000
29 Oct 20253,050,000
3 2-bed sales in the last 12 months

The Cove Building 2

Building

88 apartments, 1-bed to 4-bed over 9 floors in Dubai Creek Harbour, completed in 2021 by Emaar. 10 sold in the last 12 months.

Typical price per sqft
AED 2,242
Typical sale
AED 2.93M
Typical rent
AED 160K /yr
Typical yield
5.4%
The Cove Building 2, Dubai Creek Harbour: prices, sales and rents →

Other units on the 4th floor

All 88 units in The Cove Building 2
Value
4013-bedAED 4.8M · Dec 2024
4031-bedAED 1.58M · Jan 2025
4041-bedAED 1.07M · Jan 2019
4053-bedAED 3.35M · Oct 2022
4061-bedAED 1.18M · Jun 2018
4072-bedAED 1.73M · Oct 2018
4092-bedAED 2.36M · May 2018
1–7 of 9

408, The Cove Building 2 in numbers

  • Sold twice: first on 16 May 2018 for AED 1,742,888, last on 1 June 2022 for AED 2,100,000 (AED 1,631 per sqft).
  • Two-beds in The Cove Building 2 sold for AED 2,900,000–3,550,000 in the 12 months to November 2026; the building's median across all types is AED 2,242 per sqft.

Source: Dubai Land Department. Updated 1 June 2022.

Questions about 408, The Cove Building 2

What did unit 408 last sell for?

AED 2,100,000 on 1 June 2022: AED 1,631 per sqft for 1,287 sqft. The unit has 2 registered sales; the first was AED 1,742,888 in May 2018.

How big is unit 408?

1,287 sqft (119.6 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2021.

What is unit 408 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 2 sold for AED 2,900,000 to 3,550,000 in the last 12 months, around AED 2,445 per sqft.

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Mortgage on 408, The Cove Building 2

Starts from the last sale price (AED 2.1M, 1 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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