How much does a 3 bedroom in The Cove II Building 5 cost?

The median registered sale price is AED 4.80M (2,466 AED/sqft), from 9 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

Have prices in The Cove II Building 5 risen or fallen?

Median price per square foot moved -13.3% over the last 12 months against the 12 before it, on 9 registered sales. On a sample this size, read the direction rather than the exact figure.

Does The Cove II Building 5 earn more short-let than long-let?

A night asks a median of AED 1,056, which models to 4.75% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities. Nightly rates are asking rates sampled across the next 12 months, not registered income.

Did off-plan buyers in The Cove II Building 5 make money?

Units bought off-plan between 2022 and 2026 later resold +13.1% against their launch median. Only units that actually resold can appear, so this figure skews toward the ones that performed.

How many apartments change hands in The Cove II Building 5?

9 sales were registered with the Dubai Land Department in the last 24 months. Every median on this page rests on those counts.

The Cove II Building 5 — sale prices & yield

Buy: 4.80MAED; AED 2,466/sqft
Short-let: 4.75%; AED 1,056/night · 0.54/sqft

AED/yr/sqft: —
Sales: 9
Rental contracts: 0
Short-let listings seen: 9+

12 months: -13.3%
3 years: -6.3%-2.2%/yr

Based on 9 sales and 0 rental contracts in the last 24 months.

The Cove II Building 5 is an apartment building in Dubai Creek Harbour, Dubai, one of the towers in the The Cove ll 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 2022 to 2026, 198 registered sales in all — the 9 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in The Cove II Building 5, by year.

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

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
2 bed	AED 2.88M	2079	5.09% -0.4 pts	+9.2%	6
3 bed	AED 4.80M	2466	—	-13.3%	9
4+ bed	AED 11.14M	2055	—	+2.3%	2

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 II Building 5

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
2 bed500m	898	0.65	AED 198,298	AED 147,500	1.3×	6.87%	21+
3 bed500m	1,056	0.54	AED 227,905	—	—	4.75%	9+

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 II Building 5 itself had too few listings of that type to measure.

Off-plan vs resale

Units sold off-plan in The Cove II Building 5 between 2022 and 2026 went for a median of AED 2,096/sqft (AED 2.98M). The same building resells today at AED 2,208/sqft (AED 4.21M) — an uplift of +72.3%.

Based on 96 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

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

Sales

Date	Type	Sqft	Price	AED/sqft
11 Aug 2026	2 bed	1,390	AED 2,900,000	2,087
24 Jun 2026	3 bed	2,792	AED 5,141,888	1,841
23 Jun 2026	3 bed	1,867	AED 5,300,000	2,838

3 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 ll, on the same figures over the same window.

Highest rental yields in Dubai Creek Harbour · The Cove II Building 5 places 84th of 86

Common questions

How much does a 3 bedroom in The Cove II Building 5 cost?: The median registered sale price is AED 4.80M (2,466 AED/sqft), from 9 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
Have prices in The Cove II Building 5 risen or fallen?: Median price per square foot moved -13.3% over the last 12 months against the 12 before it, on 9 registered sales. On a sample this size, read the direction rather than the exact figure.
Does The Cove II Building 5 earn more short-let than long-let?: A night asks a median of AED 1,056, which models to 4.75% net at an assumed 80% occupancy for a self-managed unit, after platform fees, cleaning and utilities. Nightly rates are asking rates sampled across the next 12 months, not registered income.
Did off-plan buyers in The Cove II Building 5 make money?: Units bought off-plan between 2022 and 2026 later resold +13.1% against their launch median. Only units that actually resold can appear, so this figure skews toward the ones that performed.
How many apartments change hands in The Cove II Building 5?: 9 sales were registered with the Dubai Land Department in the last 24 months. Every median on this page rests on those counts.

The Cove II Building 5