THE COVE Building 1

1. Does it pay a good rent?5.4% gross, 4.4% after the service charge (Dubai median 6.8%)5.4%Watch
2. Are rents going up?New 2 bed leases: AED 170,000 a year ago, AED 165,000 now (pooled across the project)-2.9%
3. Are prices going up?2 bed: AED 2,226/sqft a year ago, 2,279 now+2.3%Fair
4. How fast do fees pay back?AED 190,250 in fees to buy a 2 bed; net rent covers it in 1.4 years1.4 yrsFair
5. Can I sell easily?15 sales in 12 months (14 the year before)15
6. Is a lot being built nearby?905 apartments are planned in Dubai Creek Harbour from 2026 to 2028, equal to 15% of the 5,973 homes let there today. Dubai Creek Harbour supply by year →15%Strength
7. Did earlier buyers gain?Up 15% for buyers 5 years ago; up 27% for launch buyers, before fees+14.9%Context

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

Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.

At 2 bed, THE COVE Building 1 has registered sale prices 1% below the Dubai Creek Harbour median price per square foot of 2,301 AED, across 76 eligible buildings. It ranks 44th of 76 by price per square foot and 29th of 59 by gross yield in Dubai Creek Harbour.

Ejari files The Cove’s leases under the project, not a tower, so every tower share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.

• Sales and rents to
  2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
  On record
• Sales evidence · 2 bed
  9 registered sales in 12 months
  On record
• Rental evidence · 2 bed
  42 new and 22 renewal contracts in 12 months · rent source: project (pooled)
  Read with care
• Service charge
  AED 22.86/sqft a year, 2026 owners-association budget; 4.4% yield after it. Confirm against the latest invoice.
  On record
• Project register
  The Cove: recorded complete 2021-11-17 · register data to 2026-07-06
  On record
• Developer
  The Lagoons Phase One · delivery record
  On record
• Short-term assumption
  Modelled at the published 70% occupancy on 20 listings seen; the dial above changes every short-term figure on this page
  Read with care
• Costs not included
  4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
  Not in the yield

What is the rental yield in THE COVE Building 1?

THE COVE Building 1 returns 5.4% gross: a median new-contract rent of AED 165,000 a year (42 Ejari contracts in 12 months) over a price benchmark of AED 3.05M (median of 9 sales in the last 12 months, latest Sept 2026), before service charge, agency fees or vacant months.

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

The median registered sale price is AED 3.05M (2,279 AED/sqft), from 9 Dubai Land Department sales in the last 12 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 12 months have a median of 2,279 AED/sqft, across 9 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.

Have prices in THE COVE Building 1 risen or fallen?

Median price per square foot moved +2.3% over the last 12 months against the 12 before it, on 9 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.

What is the registered annual rent for a 2 bedroom in THE COVE Building 1?

The median new annual rent is AED 165,000, from 42 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.