3-bed · 1,891 sqftThe Cove Building 2, Dubai Creek Harbour · 5th floor · completed 2021

502, The Cove Building 2

Sold prices and rental history: sold once, by the developer in March 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 7 March 2022
Last soldAED 4.43M7 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, The Cove Building 2

What is 502 worth today?

Last sold for AED 4,426,888 in 2022

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7 Mar 2022Sold by developerReady
AED 4,426,888AED 2,341 per sqft

Source: Dubai Land Department. Updated 7 March 2022.

Key facts

Type
3-bed apartment
Size
1,891 sqft
Floor
5th of 9
Parking
B2-59, B2-60
Developer
Emaar
Completed
2021
Service charge
AED 41,600 /yr
Last sold
AED 4.43M · March 2022

About 502, The Cove Building 2

502 is a three-bedroom apartment of 1,891 sqft on the 5th floor of The Cove Building 2, a 9-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. The developer sold it on 7 March 2022 for AED 4,426,888, or AED 2,341 per sqft, 31% above the AED 1,784 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in The Cove Building 2
4M5M2021202320252027Typical sale price by year: 2021 AED 3,630,388; 2022 AED 3,953,183; 2023 AED 3,579,000; 2024 AED 4,800,000; 2026 AED 3,820,000Sold by developer, March 2022: AED 4,426,888 (AED 2,341 per sqft)

502 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 502, each contractTypical three-bed in The Cove Building 2
200K220K240K202220242026Typical rent by year: 2022 AED 200,000; 2023 AED 235,000; 2024 AED 225,000; 2025 AED 227,500; 2026 AED 235,000

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Cove Building 2, and where 502 sits

All 20 3-beds →

502 last sold in March 2022 at AED 2,341 per sqft, 31% above what three-beds in The Cove Building 2 were fetching at the time (AED 1,784). Over the last 12 months three-beds sold for AED 3,700,000 to 5,000,000, around AED 2,187 per sqft, and rent for AED 198,000 to 310,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
10 Mar 20263,820,000
23 Jan 20263,700,000
8 Jan 20265,000,000
13 Dec 20244,800,000
3 3-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 5th floor

All 88 units in The Cove Building 2
Value
5013-bedAED 5.07M · Oct 2023
5031-bedAED 1.25M · Feb 2023
5041-bedAED 1.75M · Feb 2026
5053-bedAED 3.82M · Mar 2026
5061-bedAED 1.35M · Nov 2022
5072-bedAED 1.73M · Jul 2017
5082-bedAED 1.75M · Oct 2017
1–7 of 10

502, The Cove Building 2 in numbers

  • Sold once: by Emaar on 7 March 2022 for AED 4,426,888, or AED 2,341 per sqft.
  • Three-beds in The Cove Building 2 sold for AED 3,700,000–5,000,000 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 7 March 2022.

Questions about 502, The Cove Building 2

What did unit 502 last sell for?

AED 4,426,888 on 7 March 2022, sold by the developer: AED 2,341 per sqft for 1,891 sqft. It is the only registered sale of the unit.

How big is unit 502?

1,891 sqft (175.7 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower completed in 2021.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Cove Building 2 sold for AED 3,700,000 to 5,000,000 in the last 12 months, around AED 2,187 per sqft.

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Mortgage on 502, The Cove Building 2

Starts from the last sale price (AED 4.43M, 7 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,426,888
Deposit, UAE resident (20%)
AED 885,378
Deposit, non-resident (40%)
AED 1,770,755
Monthly over 25 years at 3.7%
AED 18,112

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