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3-bed · 1,739 sqftOcean Cove 1, Al Mina · 5th floor · due 2028

505, Ocean Cove 1

Sold prices and rental history: sold once, by the developer in October 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 14 October 2024
Last soldAED 3.46M14 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Ocean Cove 1

What is 505 worth today?

Last sold for AED 3,462,888 in 2024

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14 Oct 2024Sold by developerOff-plan
AED 3,462,888AED 1,991 per sqft

Source: Dubai Land Department. Updated 14 October 2024.

Key facts

Type
3-bed apartment
Size
1,739 sqft
Floor
5th of 9
Parking
2
Developer
Mina Rashid Properties
Completion due
2028
Last sold
AED 3.46M · October 2024
Building
Ocean Cove 1

About 505, Ocean Cove 1

505 is a three-bedroom apartment of 1,739 sqft on the 5th floor of Ocean Cove 1, a 9-storey tower in Al Mina due for completion in 2028 by Mina Rashid Properties. The developer sold it on 14 October 2024 for AED 3,462,888, or AED 1,991 per sqft, in line with the AED 2,044 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

3-beds in Ocean Cove 1, and where 505 sits

All 16 3-beds →

505 last sold in October 2024 at AED 1,991 per sqft, in line with what three-beds in Ocean Cove 1 were fetching at the time (AED 2,044).

Recent 3-bed salesUnit no.Price (AED)Summary
9 Dec 20243,899,888
25 Nov 20243,482,888
22 Oct 20243,449,888
7 Oct 20243,577,888
0 3-bed sales in the last 12 months

Ocean Cove 1

Building

152 apartments, 1-bed to 3-bed over 9 floors in Al Mina, due for completion in 2028 by Mina Rashid Properties. 3 sold in the last 12 months.

Typical price per sqft
AED 2,361
Typical sale
AED 1.88M
Typical rent
Few contracts
Typical yield
Ocean Cove 1, Al Mina: prices, sales and rents →

Other units on the 5th floor

All 152 units in Ocean Cove 1
Value
5011-bedAED 1.85M · Aug 2024
5021-bedAED 1.87M · Aug 2024
5031-bedAED 1.87M · Aug 2024
5042-bedAED 2.73M · Aug 2024
5062-bedAED 2.55M · Jul 2025
5072-bedAED 2.62M · Sep 2024
5082-bedAED 2.59M · Aug 2024
1–7 of 19

505, Ocean Cove 1 in numbers

  • Sold once: by Mina Rashid Properties on 14 October 2024 for AED 3,462,888, or AED 1,991 per sqft.

Source: Dubai Land Department. Updated 14 October 2024.

Questions about 505, Ocean Cove 1

What did unit 505 last sell for?

AED 3,462,888 on 14 October 2024, sold by the developer: AED 1,991 per sqft for 1,739 sqft. It is the only registered sale of the unit.

How big is unit 505?

1,739 sqft (161.6 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower due for completion in 2028.

What is unit 505 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 505, Ocean Cove 1

Starts from the last sale price (AED 3.46M, 14 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,462,888
Deposit, UAE resident (20%)
AED 692,578
Deposit, non-resident (40%)
AED 1,385,155
Monthly over 25 years at 3.7%
AED 14,168

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →