408, The Cove Building 3
Sold prices and rental history: sold once, by the developer in February 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, The Cove Building 3
What is 408 worth today?
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Source: Dubai Land Department. Updated 1 June 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 776 sqft
- Floor
- 4th of 6
- Parking
- B1-44
- Developer
- Emaar
- Completed
- 2021
- Service charge
- AED 17,100 /yr
- Last sold
- AED 1.3M · February 2017
- Building
- The Cove Building 3
About 408, The Cove Building 3
408 is a one-bedroom apartment of 776 sqft on the 4th floor of The Cove Building 3, a 6-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. The developer sold it on 28 February 2017 for AED 1,304,888, or AED 1,681 per sqft, in line with the AED 1,678 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 75,000 a year: a gross yield of 5.8% on the 2017 price, before the service charge of about AED 17,100 a year.
Sales and rents for 408 over time
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 408 sits
All 12 1-beds →408 last sold in February 2017 at AED 1,681 per sqft, in line with what one-beds in The Cove Building 3 were fetching at the time (AED 1,678). 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. 408's AED 75,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Aug 202626 August 2026 | 770 sqft | 1,700,000 | 2,208 | ||
| 25 Aug 202525 August 2025 | 776 sqft | 1,830,000 | 2,357 | ||
| 2 Jun 20232 June 2023 | 770 sqft | 1,470,000 | 1,909 | ||
| 4 Jul 20214 July 2021 | 770 sqft | 1,475,888 | 1,917 |
The Cove Building 3
Building54 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%
Other units on the 4th floor
All 54 units in The Cove Building 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,306 sqft | AED 1.78MAED 1,784,888 · Mar 2017March 2017 | 136,500 /yr | |
| 402 | 2-bed | 1,302 sqft | AED 3.25MAED 3,250,000 · Feb 2025February 2025 | 126,000 /yr | |
| 403 | 2-bed | 1,344 sqft | AED 3.1MAED 3,100,000 · May 2024May 2024 | 180,000 /yr | |
| 404 | 3-bed | 1,742 sqft | AED 3.29MAED 3,288,888 · Feb 2017February 2017 | ||
| 405 | 3-bed | 1,869 sqft | AED 3.44MAED 3,439,888 · Mar 2017March 2017 | ||
| 406 | 3-bed | 1,871 sqft | AED 3.45MAED 3,447,888 · Jan 2017January 2017 | 280,000 /yr | |
| 407 | 1-bed | 770 sqft | AED 1.32MAED 1,317,888 · Apr 2018April 2018 | 84,000 /yr |
408, The Cove Building 3 in numbers
- Sold once: by Emaar on 28 February 2017 for AED 1,304,888, or AED 1,681 per sqft.
- Rented since June 2022 on 2 Ejari contracts, at AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2017 price is 5.8%, before a service charge of about AED 17,100 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 1 June 2023.
Questions about 408, The Cove Building 3
What did unit 408 last sell for?
AED 1,304,888 on 28 February 2017, sold by the developer: AED 1,681 per sqft for 776 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 75,000 a year on the contract renewed on 1 June 2023. The previous contract, from June 2022, was AED 75,000.
How big is unit 408?
776 sqft (72.1 sqm): a one-bedroom apartment on the 4th floor of a 6-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. 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 408, The Cove Building 3
Starts from the last sale price (AED 1.3M, 28 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,304,888
- Deposit, UAE resident (20%)
- AED 260,978
- Deposit, non-resident (40%)
- AED 521,955
- Monthly over 25 years at 3.7%
- AED 5,339
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →