2-bed · 1,251 sqftThe Cove Building 2, Dubai Creek Harbour · 5th floor · completed 2021

507, The Cove Building 2

Sold prices and rental history: sold once, by the developer in July 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 11 July 2017
Last soldAED 1.73M11 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, The Cove Building 2

What is 507 worth today?

Last sold for AED 1,731,888 in 2017

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11 Jul 2017Sold by developerOff-plan
AED 1,731,888AED 1,383 per sqft

Source: Dubai Land Department. Updated 11 July 2017.

Key facts

Type
2-bed apartment
Size
1,251 sqft
Floor
5th of 9
Parking
B1-100
Developer
Emaar
Completed
2021
Service charge
AED 27,500 /yr
Last sold
AED 1.73M · July 2017

About 507, The Cove Building 2

507 is a two-bedroom apartment of 1,251 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 11 July 2017 for AED 1,731,888, or AED 1,383 per sqft, 26% below the AED 1,867 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 507 over time

Sales
Unit 507, 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, July 2017: AED 1,731,888 (AED 1,383 per sqft)

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

Rents
Unit 507, 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 507 sits

All 43 2-beds →

507 last sold in July 2017 at AED 1,383 per sqft, 26% below what two-beds in The Cove Building 2 were fetching at the time (AED 1,867). 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 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
5061-bedAED 1.35M · Nov 2022
5082-bedAED 1.75M · Oct 2017
1–7 of 10

507, The Cove Building 2 in numbers

  • Sold once: by Emaar on 11 July 2017 for AED 1,731,888, or AED 1,383 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 11 July 2017.

Questions about 507, The Cove Building 2

What did unit 507 last sell for?

AED 1,731,888 on 11 July 2017, sold by the developer: AED 1,383 per sqft for 1,251 sqft. It is the only registered sale of the unit.

How big is unit 507?

1,251 sqft (116.2 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2021.

What is unit 507 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 507, The Cove Building 2

Starts from the last sale price (AED 1.73M, 11 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,731,888
Deposit, UAE resident (20%)
AED 346,378
Deposit, non-resident (40%)
AED 692,755
Monthly over 25 years at 3.7%
AED 7,086

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