THE COVE Building 3

1. Does it pay a good rent?5.3% gross, 4.3% after the service charge (Dubai median 6.8%)5.3%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?All types: AED 2,359/sqft a year ago, 2,233 now-5.4%Watch
4. How fast do fees pay back?AED 179,575 in fees to buy a 2 bed; rent covers it in 1.1 years1.1 yrs
5. Can I sell easily?5 sales in 12 months (5 the year before)5
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 13% for buyers 5 years ago; up 25% for launch buyers, before fees+12.8%Context

5 resales in the last 12 months, against 5 a year on average over 2023–2025.

At 2 bed, THE COVE Building 3 has registered sale prices 6% below the Dubai Creek Harbour median price per square foot of 2,301 AED, across 76 eligible buildings.

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
  2 registered sales in 12 months; thin, a single deal moves the median
  Read with care
• Rental evidence · 2 bed
  42 new and 22 renewal contracts in 12 months · rent source: project (pooled)
  Read with care
• Service charge
  Not on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.
  Not 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
• 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 3?

No gross yield is published for THE COVE Building 3 as of 2026-10-12: its Ejari contracts are registered at project level, not for this tower. In the last 12 months it had 2 registered sales and 42 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Dubai Creek Harbour median is 5.4% gross.

How much does a 2 bedroom in THE COVE Building 3 cost?

The median registered sale price is AED 2.88M (2,173 AED/sqft), from 2 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.

What is the registered annual rent for a 2 bedroom in THE COVE Building 3?

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.

Have registered rents in THE COVE Building 3 risen or fallen?

The median new annual rent changed -2.9% in the trailing 12 months against the previous 12, using 42 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.

Do new tenants in THE COVE Building 3 pay more than sitting ones?

A new tenant pays +6.7% against a renewing one, across 22 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.