1-bed · 770 sqftThe Cove Building 3, Dubai Creek Harbour · 3rd floor · completed 2021

307, The Cove Building 3

Sold prices and rental history: sold twice, last in June 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 16 October 2024
Last soldAED 1.47M2 June 2023
Current rentAED 90K /yr16 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, The Cove Building 3

What is 307 worth today?

Last sold for AED 1,470,000 in 2023

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16 Oct 2024RentedRenewal
AED 90,000/yr12 months · AED 117 per sqft
16 Oct 2023RentedNew contract
AED 90,000/yr12 months · AED 117 per sqft
2 Jun 2023SoldReady
AED 1,470,000AED 1,909 per sqft
1 Jun 2022RentedNew contract
AED 75,000/yr12 months · AED 97 per sqft
22 Jan 2017Sold by developerOff-plan
AED 1,315,888AED 1,709 per sqft

Source: Dubai Land Department. Updated 16 October 2024.

Key facts

Type
1-bed apartment
Size
770 sqft
Floor
3rd of 6
Parking
B1-27
Developer
Emaar
Completed
2021
Service charge
AED 16,900 /yr
Last sold
AED 1.47M · June 2023

About 307, The Cove Building 3

307 is a one-bedroom apartment of 770 sqft on the 3rd floor of The Cove Building 3, a 6-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. It last sold on 2 June 2023 for AED 1,470,000, or AED 1,909 per sqft.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 16 October 2024, is AED 90,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 16,900 a year.

Sales and rents for 307 over time

Rents
Unit 307, each contractTypical one-bed in The Cove Building 3
80K90K202220242026Typical rent by year: 2022 AED 75,000; 2023 AED 80,000; 2024 AED 85,000; 2025 AED 85,000; 2026 AED 88,125New contract, June 2022: AED 75,000 a yearNew contract, October 2023: AED 90,000 a yearRenewal, October 2024: AED 90,000 a year

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 3, and where 307 sits

All 12 1-beds →

Over the last 12 months one-beds sold for AED 1,700,000, around AED 2,208 per sqft, and rent for AED 84,000 to 113,000 a year. 307's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Aug 20261,700,000
25 Aug 20251,830,000
4 Jul 20211,475,888
1 Jul 20211,090,000
1 1-bed sale in the last 12 months

The Cove Building 3

Building

54 apartments, 1-bed to 4-bed over 6 floors in Dubai Creek Harbour, completed in 2021 by Emaar. 5 sold in the last 12 months.

Typical price per sqft
AED 2,232
Typical sale
AED 3M
Typical rent
AED 168K /yr
Typical yield
5.2%
The Cove Building 3, Dubai Creek Harbour: prices, sales and rents →

Other units on the 3rd floor

All 54 units in The Cove Building 3
Value
3012-bedAED 1.78M · Jan 2017
3022-bedAED 2.33M · Jan 2017
3032-bedAED 2.79M · Feb 2022
3043-bedAED 4.77M · May 2024
3053-bedAED 4.5M · May 2024
3063-bedAED 3.44M · Jan 2017
3081-bedAED 1.3M · Oct 2018

307, The Cove Building 3 in numbers

  • Sold twice: first on 22 January 2017 for AED 1,315,888, last on 2 June 2023 for AED 1,470,000 (AED 1,909 per sqft).
  • Rented since June 2022 on 3 Ejari contracts, from AED 75,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 16,900 a year (AED 22.00 per sqft).
  • One-beds in The Cove Building 3 sold for AED 1,700,000–1,700,000 in the 12 months to November 2026; the building's median across all types is AED 2,232 per sqft.

Source: Dubai Land Department. Updated 16 October 2024.

Questions about 307, The Cove Building 3

What did unit 307 last sell for?

AED 1,470,000 on 2 June 2023: AED 1,909 per sqft for 770 sqft. The unit has 2 registered sales; the first was AED 1,315,888 in January 2017.

What is the rent for unit 307?

AED 90,000 a year on the contract renewed on 16 October 2024. The previous contract, from October 2023, was AED 90,000; the unit has been rented since June 2022.

How big is unit 307?

770 sqft (71.5 sqm): a one-bedroom apartment on the 3rd floor of a 6-storey tower completed in 2021.

What is unit 307 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 3 sold for AED 1,700,000 to 1,700,000 in the last 12 months, around AED 2,208 per sqft.

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Mortgage on 307, The Cove Building 3

Starts from the last sale price (AED 1.47M, 2 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,470,000
Deposit, UAE resident (20%)
AED 294,000
Deposit, non-resident (40%)
AED 588,000
Monthly over 25 years at 3.7%
AED 6,014

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