The Cove ll

1. Is it on schedule?Recorded complete in May 2026, 7 months before its registered date · DLD inspection, 24 Apr 2026100%Context
2. Is my money protected?The register named the escrow agent: بنك دبي الاسلامي (شركة مساهمة عامة)EscrowContext
3. Is the price fair?AED 2,411/sqft, 7.8% below the Dubai Creek Harbour off-plan median across 19 projects-7.8%Context
4. Is it selling?42 off-plan sales registered in the last 12 months, of 806 units; the latest on 6 May 202642Context
5. Who is building it?The Lagoons Phase One, licence no. 1038Context

Sizes run from the 10th to the 90th percentile of registered floor area, so one mislabelled unit cannot set the range. A title is issued at handover: a live project shows few or none however many units have sold, and an untitled unit is not necessarily for sale.

Escrow agent

بنك دبي الاسلامي (شركة مساهمة عامة)

Developer, as licensed

THE LAGOONS PHASE ONE L.L.C (no. 1038)

Master developer

The Lagoons Phase 1

Registered start

February 2023

Configuration

Building 4: 2B+G+22, Building 5: 2B+G+7, Building 7 & 8: 2B+G+8 Building 9: 2B+G+19 and Building 10: 2B+G+7, Residential, the project designed to have a concrete structure and block with internal and external finishes.

Construction progress is DLD’s inspection of 24 Apr 2026. DLD’s published project register still lags it, so the later inspection is used and dated on its own. The developer is the company licensed to build it, by the register’s own licence number; the master developer owns the land under it and is often another company entirely. Off-plan price is the median of registered off-plan sales across this project’s published buildings, 12 months to 12 Oct 2026.

When will The Cove ll be completed?

DLD records The Cove ll complete in May 2026. Dubai Land Department inspection of 24 Apr 2026.

What does The Cove ll cost per square foot?

AED 2,411 per sqft, the median of 42 registered off-plan sales in the 12 months to 12 Oct 2026; the median unit sold for AED 3.26M. That is 7.8% below the Dubai Creek Harbour off-plan median across 19 projects.

Is The Cove ll in escrow?

Yes: the Land Department register names بنك دبي الاسلامي (شركة مساهمة عامة) as the project’s escrow agent, the bank that holds buyers’ payments for the developer. Dubai Land Department project register as of July 2026.

Who is the developer of The Cove ll?

THE LAGOONS PHASE ONE L.L.C, licence no. 1038, by the register’s own licence number; the master developer that owns the land is The Lagoons Phase 1. Dubai Land Department project register as of July 2026.

How many units does The Cove ll have?

806 registered units, of which 806 have a title issued. A title is issued at handover, so a live project shows few or none however many units have sold. Dubai Land Department project register as of July 2026.