What is the rental yield in THE COVE Building 1?

THE COVE Building 1 returns 5.91% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 77 rental contracts registered in the last 24 months.

How much does a 2 bedroom in THE COVE Building 1 cost?

The median registered sale price is AED 2.98M (2,251 AED/sqft), from 16 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in THE COVE Building 1 selling for right now?

Registered sales of ready units in THE COVE Building 1 over the last 6 months have a median of 2,260 AED/sqft, across 6 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in THE COVE Building 1 risen or fallen?

Median price per square foot moved +6.9% over the last 12 months against the 12 before it, on 16 registered sales. On a sample this size, read the direction rather than the exact figure.

How does THE COVE Building 1 compare with Dubai Creek Harbour?

Its 5.91% gross yield sits +0.5 pts against the Dubai Creek Harbour median of 5.46%, computed at the same bedroom grain over the same 24-month window.

THE COVE Building 1 — rental prices & yield

Buy: 2.98MAED; AED 2,260/sqft
Long-let: 170,000AED; AED 127/sqft · 5.91%
Short-let: 6.33%; AED 857/night · 0.65/sqft

Price per sqft: Median of 6 registered sales of ready units in the last 6 months, most recent August 2026.

Priced off 4 sales in the last 3 months.

Yield spread: +0.5 pts; vs the Dubai Creek Harbour median for this unit type
Turnover upside: +21.4%; new tenants pay more than sitting ones — 53 renewals
AED/yr/sqft: AED 127
Sales: 16
Rental contracts: 77
Renewal rent: AED 140,000/yr

12 months: +0.0%
3 years: +17.2%+5.4%/yr

Based on 16 sales and 77 rental contracts in the last 24 months. Rental data covers the whole The Cove project, not this tower alone.

THE COVE Building 1 is an apartment building in Dubai Creek Harbour, Dubai, one of the towers in the The Cove development. The closest metro station is Creek Metro Station, the nearest mall Dubai Mall and the nearest landmark Dubai International Airport. Land Department records for it run from 2017 to 2026, 398 registered sales in all — the 16 in the last 24 months are what every median above is computed from.

Rent history

Median annual rent per sqft registered in THE COVE Building 1, by year.

Monthly median AED per sqft per year, smoothed over three months. The band along the bottom is the number of records each month.

Rents by bedroom type

Type	Median rent	AED/yr/sqft	Yield	Contracts
1 bed	AED 105,000	139	5.25% -0.5 pts	44
2 bed	AED 170,000	127	5.91% +0.5 pts	77
3 bed	AED 260,000	141	5.78% +0.1 pts	28
4+ bed	AED 500,000	129	4.65%	5

Deltas compare each yield with the Dubai Creek Harbour median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around THE COVE Building 1

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
1 bed500m	582	0.71	AED 129,848	AED 105,000	1.2×	6.41%	23+
2 bed500m	857	0.65	AED 189,092	AED 170,000	1.1×	6.33%	20+
3 bed500m	1,105	0.60	AED 241,803	AED 260,000	0.9×	5.37%	10+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing. Rows marked 500m widen to the surrounding cluster, because THE COVE Building 1 itself had too few listings of that type to measure.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

15 resales in the last 12 months, against 17 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
3 Aug 2026	2 bed	1,339	AED 2,750,000	2,054
6 Jul 2026	2 bed	1,339	AED 3,000,000	2,241
23 Jun 2026	2 bed	1,283	AED 3,350,000	2,612
18 Jun 2026	4+ bed	4,136	AED 12,000,000	2,901
2 Jun 2026	2 bed	1,340	AED 2,650,000	1,978

5 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Nearby

Metro: Creek Metro Station
Mall: Dubai Mall
Landmark: Dubai International Airport

Compare with nearby buildings

The most-traded buildings in The Cove, on the same figures over the same window.

Highest rental yields in Dubai Creek Harbour · THE COVE Building 1 places 43rd of 86

THE COVE Building 2 · 5.59%
THE COVE Building 3 · 6.00%
The Dubai Creek Residences - South Tower 1 · 4.87%
The Dubai Creek Residences - South Podium · 3.22%
The Dubai Creek Residences - North Tower 2 · 8.10%
The Dubai Creek Residences - South Tower 2 · 4.97%
The Dubai Creek Residences - North Podium · 4.46%
The Dubai Creek Residences - South Tower 3 · 4.90%

Common questions

What is the rental yield in THE COVE Building 1?: THE COVE Building 1 returns 5.91% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 77 rental contracts registered in the last 24 months.
How much does a 2 bedroom in THE COVE Building 1 cost?: The median registered sale price is AED 2.98M (2,251 AED/sqft), from 16 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in THE COVE Building 1 selling for right now?: Registered sales of ready units in THE COVE Building 1 over the last 6 months have a median of 2,260 AED/sqft, across 6 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in THE COVE Building 1 risen or fallen?: Median price per square foot moved +6.9% over the last 12 months against the 12 before it, on 16 registered sales. On a sample this size, read the direction rather than the exact figure.
How does THE COVE Building 1 compare with Dubai Creek Harbour?: Its 5.91% gross yield sits +0.5 pts against the Dubai Creek Harbour median of 5.46%, computed at the same bedroom grain over the same 24-month window.

THE COVE Building 1