What is the rental yield in The Cove II Building 5?

The Cove II Building 5 returns 5.4% gross: a median new-contract rent of AED 157,500 a year (22 Ejari contracts in 12 months) over a price benchmark of AED 2.92M (median of 6 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.

How much does a 2 bedroom in The Cove II Building 5 cost?

The median registered sale price is AED 2.92M (2,108 AED/sqft), from 6 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 II Building 5?

The median new annual rent is AED 157,500, from 22 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.

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

6 sales were registered with the Dubai Land Department in the last 12 months, alongside 22 Ejari rental contracts. Every median on this page rests on those counts.

Which metro station is closest to The Cove II Building 5?

Creek Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.

The Cove II Building 5

Completed 2026
Master developer The Lagoons Phase One

A 2 bed in The Cove II Building 5 costs a median AED 2.92M and rents long-let for AED 157,500/yr (5.4% gross).

2 bed · typical price

2.92MAED

AED 2,108/sqft

Rent a year: AED 157,500
Gross yield: 5.4%
vs Dubai Creek Harbour: 8% below the median

Cost to buy, all inAED 3.11M

Price: AED 2.92M
DLD fee 4%: AED 117,000
Agent 2% + VAT: AED 61,425
Trustee: AED 4,200

Fees repaid by rent14 months

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Is The Cove II Building 5 a good investment?Little new supply nearby; the rent pays below the Dubai median and prices are slipping; no record of the rent trend

Does it pay a good rent?5.4% gross, before the service charge (not on file) (Dubai median 6.8%)5.4%Watch
Are rents going up?Too few new leases on both sides of the year to measure a changeNo record
Are prices going up?All types: AED 2,399/sqft a year ago, 2,175 now-9.3%Watch
How fast do fees pay back?AED 182,625 in fees to buy a 2 bed; rent covers it in 1.2 years1.2 yrs
Can I sell easily?16 sales in 12 months (7 the year before)16
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
Did earlier buyers gain?Up 5% for launch buyers, before fees+5.0%Context

Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

The Cove II Building 5 prices and rents by unit typeA two-bed costs about AED 2.92M and rents for about AED 157,500 a year

Type	Median price	New rent	12-month change	Sales
1 bed	AED 1.71M2,177/sqft	5.3%-0.3 pts	AED 90,0008 contracts	under 5 sales in a year	4
2 bed	AED 2.92M2,108/sqft	5.4%-0.0 pts	AED 157,50022 contracts	no prior year	6
3 bed	AED 4.21M2,306/sqft	pooled rent, not per building	pooled rent, not per building	no prior year	5
4+ bed	AED 14.40M2,079/sqft	not yet let	not yet let	under 5 sales in a year	1

Appreciation, rental income and short-term detail, by unit type

Appreciation

2 bed · price per sqft · Dubai Creek Harbour · area median AED 2,301/sqft

3 years: +6.6% · +2.2%/yr
vs area median: -8.4%
Rank by price per sqft: 71st of 76
Off-plan price gain, 2022–2026: +5.1% · +2.5%/yr

Rental income

2 bed · Dubai Creek Harbour

Gross yield: 5.4%
Median new rent: AED 157,500/yr
Yield vs area median: -0.0 pts
Yield vs Dubai (6.8%): -1.4 pts
Yield rank: 31st of 59

Read with care

Rental data covers the whole The Cove ll project, not this tower alone.

Price history and sales

As filed with the Land Department — data to 2026-10-12.

Median price paid, 2 bed, as a rolling 3-month median. The band along the bottom is the number of records each month.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 2,175 · before fees

Launch, 2022–26: 2,071; +5%; 79 sales
3 years ago: 2,063; +5%; 51 sales
Previous 12 months: 2,399; −9%; 7 sales
Last 12 months: 2,175; today; 16 sales

The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.

9 resales in the last 12 months, against 21 a year on average over 2023–2025.

Date	Type	Sqft	Price
9 Oct 2026	2 bed	1,381	AED 2,850,000	2,063
2 Oct 2026	2 bed	1,381	AED 3,275,000	2,371
16 Sept 2026	1 bed	788	AED 1,970,000	2,501
14 Sept 2026	1 bed	787	AED 1,515,000	1,924
9 Sept 2026	1 bed	784	AED 1,680,000	2,142
1 Sept 2026	1 bed	784	AED 1,735,000	2,212
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

9 resales in the last 12 months.

Comparables in Dubai Creek Harbour

Every Dubai Creek Harbour building with a page, ranked by price per sqft over the same 12 months, all unit types. The Cove II Building 5 places 88th of 104; the nearest 8 are shown.

Rank	Building	Median price	Gross yield	12-month change	Sales
84	Creek Horizon Tower 2Completed 2020 · off-plan 1,462/sqft	AED 2.30M	2,192+0.8%	5.2%	+3.5%	16
85	Harbour Gate Tower 2Completed 2022 · off-plan 1,455/sqft	AED 2.55M	2,184+0.4%	5.1%	-4.8%	21
86	The Dubai Creek Residences - North PodiumCompleted 2018 · off-plan 1,542/sqft	AED 4.50M	2,178+0.1%	3.9%	—	3
87	Creek Rise Tower 2Completed 2022 · off-plan 1,534/sqft	AED 2.55M	2,1750.0%	5.5%	-0.2%	39
88	The Cove II Building 5 · this buildingCompleted 2026 · off-plan 2,096/sqft	AED 2.92M	2,175	5.1%	-9.3%	16
89	Cedar at Creek Beach Building 1Completed 2025 · off-plan 2,080/sqft	AED 1.96M	2,170-0.2%	5.6%	-0.7%	8
90	17 Icon BayCompleted 2022 · off-plan 1,523/sqft	AED 2.40M	2,157-0.8%	5.0%	-2.3%	27
91	Cedar at Creek Beach Building 3Completed 2025 · off-plan 2,079/sqft	AED 1.62M	2,147-1.3%	6.8%	-6.2%	9
92	Orchid at Creek Beach Building 2Completed 2025 · off-plan 1,685/sqft	AED 1.70M	2,114-2.8%	6.2%	+8.9%	15

Rank 1 is the dearest per square foot. Differences are against The Cove II Building 5 (AED 2,175/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 2 bed, The Cove II Building 5 has registered sale prices 8% below the Dubai Creek Harbour median price per square foot of 2,301 AED, across 76 eligible buildings. It ranks 71st of 76 by price per square foot and 31st of 59 by gross yield in Dubai Creek Harbour.

Market context in Dubai Creek Harbour

Registered sales activity

1,285 ready apartment sales in the 12 months to 2026-10-12.

+2.5% in median AED/sqft versus the preceding year, supported by 1,285 current and 1,419 prior price observations.

Explore sales activity

Planned apartment projects

0 known registered units across 0 pending projects planned within one year of the 2026-07-06 register.

0 projects had already passed their planned date; 4 have unknown timing.

Explore planned supply

Supply against leasing, and same-building moves

905 apartments are planned in Dubai Creek Harbour from 2026 to 2028, equal to 15% of the 5,973 homes let there today.

Ready prices per sqft fell in 27% of 63 buildings (counted once per bedroom type) in Dubai Creek Harbour with sales in both years; the typical one moved +2.7%.

New-lease rents fell in 44% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved 0.0%.

How these are counted

Find service-charge budget evidence for The Cove II Building 5

Direct locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.

The The Cove ll towers

9 towers in The Cove ll, at the bedroom type above.

The Cove ll, every type →

Tower	Price	AED/sqft	Rent a year	Gross yield
The Cove II Building 4	AED 2.60M10 sales	2,302	AED 157,500project pool	6.0%
The Cove II Building 5 · this building	AED 2.92M6 sales	2,108	AED 157,500project pool	5.4%
The Cove II Building 6	AED 2.49M6 sales	2,049	AED 157,500project pool	6.3%
The Cove II Building 7	—1 sale, too few	—	AED 157,500project pool	—
The Cove II Building 8	AED 3.28M4 sales	2,369	AED 157,500project pool	4.8%
The Cove II Building 9	AED 2.74M5 sales	2,406	AED 157,500project pool	5.8%
The Cove II Building 10	AED 3.30M3 sales	2,381	AED 157,500project pool	4.8%
The Cove II Building 11	—2 sales, too few	—	AED 157,500project pool	—
The Cove II Townhouses	—none	—	—none	—

Ejari files The Cove ll’s leases under the project, not a tower, so 8 towers share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.

Dubai Creek Harbour: every development at this type

Development	Rent a year	Price	AED/sqft	Gross yield
Creek Beach12 developments, pooled	AED 135,000439 contracts	AED 2.40M187 sales	2,281	5.6%
Bayshore4 towers · rent filed for the project	AED 142,00016 contracts	AED 2.10M5 sales	2,100	6.8%
Breeze3 towers · rent filed for the project	AED 156,50040 contracts	AED 2.62M8 sales	2,422	6.0%
Canopy - Moor6 towers · rent filed for the project	AED 117,50074 contracts	AED 2.40M58 sales	2,279	4.9%
Grove5 towers · rent filed for the project	AED 145,00059 contracts	AED 2.43M17 sales	2,212	6.0%
Lotus4 towers · rent filed for the project	AED 150,00024 contracts	AED 2.46M10 sales	2,308	6.1%
Orchid2 towers · rent filed for the project	AED 120,00011 contracts	AED 2.35M6 sales	2,294	5.1%
Rosewater3 towers · rent filed for the project	AED 170,00024 contracts	AED 2.52M21 sales	2,169	6.7%
Savanna-Cedar-Mangrove9 towers · rent filed for the project	AED 120,000114 contracts	AED 2.27M39 sales	2,233	5.3%
Summer4 towers · rent filed for the project	AED 123,00010 contracts	—1 sale, too few	—	—
Sunset3 towers · rent filed for the project	AED 145,00025 contracts	AED 2.39M4 sales	2,279	6.1%
Surf2 towers · rent filed for the project	AED 130,0008 contracts	AED 2.40M3 sales	2,410	5.4%
VIDA Residences1 tower · rent filed for the project	AED 168,94734 contracts	AED 3.00M15 sales	2,600	5.6%
Palace Residences2 developments, pooled	AED 160,000156 contracts	AED 2.95M49 sales	2,721	5.4%
Dubai Creek Harbour1 tower · rent filed for the project	AED 165,00090 contracts	AED 3.38M14 sales	2,905	4.9%
North1 tower	AED 150,00066 contracts	AED 2.80M35 sales	2,585	5.4%
17 Icon Bay2 towers	AED 135,00055 contracts	AED 2.42M12 sales	2,179	5.6%
Address Harbour Point2 towers · rent filed for the project	AED 205,00026 contracts	AED 4.09M34 sales	3,415	5.0%
Aeon2 towers	—none	AED 3.06M5 sales	2,253	—
Altus2 towers	—none	AED 2.75M6 sales	2,375	—
Creek Bay2 towers	—none	AED 3.81M291 sales	3,030	—
Creek Edge2 towers · rent filed for the project	AED 150,00089 contracts	AED 2.85M18 sales	2,587	5.3%
Creek Gate2 towers · rent filed for the project	AED 132,25078 contracts	AED 2.50M13 sales	2,332	5.3%
Creek Haven2 towers	—none	AED 3.50M198 sales	2,910	—
Creek Horizon3 towers · rent filed for the project	AED 135,00059 contracts	AED 2.60M21 sales	2,225	5.2%
Creek Rise3 towers · rent filed for the project	AED 140,00079 contracts	AED 2.55M33 sales	2,255	5.5%
Creekside 183 towers · rent filed for the project	AED 140,00059 contracts	AED 2.65M13 sales	2,310	5.3%
Harbour Gate3 towers · rent filed for the project	AED 135,00070 contracts	AED 2.55M25 sales	2,220	5.3%
Harbour Views3 towers · rent filed for the project	AED 149,78598 contracts	AED 2.60M15 sales	2,206	5.8%
Palace Residences Creek Blue2 towers	—none	AED 3.78M6 sales	3,288	—
The Cove3 towers · rent filed for the project	AED 165,00042 contracts	AED 3.00M15 sales	2,279	5.5%
The Cove ll · this development9 towers · rent filed for the project	AED 157,50022 contracts	AED 2.88M37 sales	2,303	5.5%
The Dubai Creek Residences8 towers · rent filed for the project	AED 180,000102 contracts	AED 3.50M28 sales	2,198	5.1%
Valia2 towers	—none	AED 3.23M134 sales	2,569	—
All of Dubai Creek Harbourevery building, in a project or not	AED 150,0001,621 contracts	AED 3.15M1,679 sales	2,510	4.8%

Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 2 bed. A median needs 3 rows; a dash with a count means fewer. Developments sharing a name are grouped under it; DLD itself records no such parent.

About The Cove II Building 5

The Cove II Building 5 is an apartment building completed in 2026 by The Lagoons Phase One in Dubai Creek Harbour. 105 sales are registered with the Dubai Land Department.

Pinned by Google from the registered name; verify the plot before relying on it.Open in Google Maps

The building, as registered

Master developer: The Lagoons Phase One

Nearest, as registered

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

The Cove II Building 5: AED 2,175 per sq ft, 5% below the median Dubai Creek Harbour building, and a 5.1% gross yield, below the area's median building

The building's own figures against its area's registered market, last twelve months.

Price per sq ft

Median registered sale price, AED per sq ft, last 12 months

The Cove II Building 5AED 2,175
Dubai Creek Harbour, readyAED 2,348
Dubai Creek Harbour, off-planAED 2,616
Dubai, readyAED 1,421

Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Gross yield against the area's buildings

Axis: gross yield, % of price

The Cove II Building 5Dubai Creek Harbour median building

Dubai Creek Harbour5.1% vs 5.3%

Line: the 10th to 90th percentile of 83 buildings in Dubai Creek Harbour. Gross: before service charge, vacancy and fees. Sources: DLD, Ejari.

Upcoming supply in Dubai Creek Harbour, by handover quarter

Nearby in Dubai Creek Harbour

Every building in Dubai Creek Harbour →

Prices per sq ft around The Cove II Building 5, on the map

Pills show median sale price, AED. 78 buildings pinned from Google place records and Apple geocoding · The Cove II Building 5 is the inverted pinOpen in Apple Maps

The Cove II Building 4

Dubai Creek Harbour · 20 sales, 12 months

2.49M

AED, resale median · 2,263/sqft

The Cove II Building 9

Dubai Creek Harbour · 11 sales, 12 months

2.85M

AED, resale median · 2,550/sqft

The Cove II Building 6

Dubai Creek Harbour · 9 sales, 12 months

2.40M

AED, resale median · 2,077/sqft

The Cove II Building 8

Dubai Creek Harbour · 8 sales, 12 months

3.28M

AED, resale median · 2,457/sqft

Before you decide

The facts that can change the return, each with the date it rests on.

Sales and rents to
2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
On record
Sales evidence · 2 bed
6 registered sales in 12 months
On record
Rental evidence · 2 bed
22 new and 0 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 ll: recorded complete 2026-05-06 · 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

Rent or buy

What owning a 2 bed here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from The Cove II Building 5’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of 2026-09-17. Change any figure.

Purchase price, AED

Annual rent, AED

Down payment, %

Residency

More assumptions

Interest rate, % a year

Term, years

Horizon, years

Annual service charge, AED

The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.

Monthly mortgage: 13,006AED; 4.5% over 25 years
Monthly rent: 13,125AED; AED 157,500 a year
Cash needed at purchase: 799,875AED; 20% down plus AED 214,875 in fees

Owning costs AED 523,106 less than renting over 5 years, once the sale is counted.

Buying overtakes renting in year 2.

Cumulative cost by year: renting (solid) against owning net of a sale that year (dashed), at the assumptions above.

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Common questions

What is the rental yield in The Cove II Building 5?: The Cove II Building 5 returns 5.4% gross: a median new-contract rent of AED 157,500 a year (22 Ejari contracts in 12 months) over a price benchmark of AED 2.92M (median of 6 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.
How much does a 2 bedroom in The Cove II Building 5 cost?: The median registered sale price is AED 2.92M (2,108 AED/sqft), from 6 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 II Building 5?: The median new annual rent is AED 157,500, from 22 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.
How many apartments change hands in The Cove II Building 5?: 6 sales were registered with the Dubai Land Department in the last 12 months, alongside 22 Ejari rental contracts. Every median on this page rests on those counts.
Which metro station is closest to The Cove II Building 5?: Creek Metro Station, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Dubai Mall.

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