1-bed · 790 sqftThe Cove Building 2, Dubai Creek Harbour · 5th floor · completed 2021

506, The Cove Building 2

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 506 · DLD and Ejari recordsUpdated 10 November 2022
Last soldAED 1.35M10 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, The Cove Building 2

What is 506 worth today?

Last sold for AED 1,350,000 in 2022

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10 Nov 2022SoldReady
AED 1,350,000AED 1,708 per sqft
30 Oct 2018Sold by developerOff-plan
AED 1,184,888AED 1,499 per sqft

Source: Dubai Land Department. Updated 10 November 2022.

Key facts

Type
1-bed apartment
Size
790 sqft
Floor
5th of 9
Parking
B1-61
Developer
Emaar
Completed
2021
Service charge
AED 17,400 /yr
Last sold
AED 1.35M · November 2022

About 506, The Cove Building 2

506 is a one-bedroom apartment of 790 sqft on the 5th floor of The Cove Building 2, a 9-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. It last sold on 10 November 2022 for AED 1,350,000, or AED 1,708 per sqft, in line with the AED 1,708 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical one-bed in The Cove Building 2
1.25M1.5M2017202020232026Typical sale price by year: 2017 AED 1,089,888; 2018 AED 1,098,888; 2019 AED 1,180,888; 2020 AED 1,155,888; 2022 AED 1,350,000; 2023 AED 1,312,500; 2024 AED 1,450,000; 2025 AED 1,550,000Sold by developer, October 2018: AED 1,184,888 (AED 1,499 per sqft)Sold, November 2022: AED 1,350,000 (AED 1,708 per sqft)

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

Rents
Unit 506, each contractTypical one-bed in The Cove Building 2
80K100K202220242026Typical rent by year: 2022 AED 73,000; 2023 AED 77,000; 2024 AED 87,125; 2025 AED 100,000; 2026 AED 91,500

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 2, and where 506 sits

All 23 1-beds →

506 last sold in November 2022 at AED 1,708 per sqft, in line with what one-beds in The Cove Building 2 were fetching at the time (AED 1,708). Over the last 12 months one-beds sold for AED 1,550,000 to 1,780,000, around AED 2,314 per sqft, and rent for AED 80,000 to 110,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Feb 20261,750,000
16 Jan 20261,600,000
16 Dec 20251,550,000
18 Nov 20251,780,000
4 1-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
5023-bedAED 4.43M · Mar 2022
5031-bedAED 1.25M · Feb 2023
5041-bedAED 1.75M · Feb 2026
5053-bedAED 3.82M · Mar 2026
5072-bedAED 1.73M · Jul 2017
5082-bedAED 1.75M · Oct 2017
1–7 of 10

506, The Cove Building 2 in numbers

  • Sold twice: first on 30 October 2018 for AED 1,184,888, last on 10 November 2022 for AED 1,350,000 (AED 1,708 per sqft).
  • One-beds in The Cove Building 2 sold for AED 1,550,000–1,780,000 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 10 November 2022.

Questions about 506, The Cove Building 2

What did unit 506 last sell for?

AED 1,350,000 on 10 November 2022: AED 1,708 per sqft for 790 sqft. The unit has 2 registered sales; the first was AED 1,184,888 in October 2018.

How big is unit 506?

790 sqft (73.4 sqm): a one-bedroom apartment on the 5th floor of a 9-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. One-beds in The Cove Building 2 sold for AED 1,550,000 to 1,780,000 in the last 12 months, around AED 2,314 per sqft.

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Mortgage on 506, The Cove Building 2

Starts from the last sale price (AED 1.35M, 10 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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