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2-bed · 1,220 sqftOcean Cove 1, Al Mina · 5th floor · due 2028

506, Ocean Cove 1

Sold prices and rental history: sold twice, last in July 2025, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 10 July 2025
Last soldAED 2.55M10 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Ocean Cove 1

What is 506 worth today?

Last sold for AED 2,553,888 in 2025

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10 Jul 2025SoldOff-plan
AED 2,553,888AED 2,093 per sqft
14 Oct 2024Sold by developerOff-plan
AED 2,553,888AED 2,093 per sqft

Source: Dubai Land Department. Updated 10 July 2025.

Key facts

Type
2-bed apartment
Size
1,220 sqft
Floor
5th of 9
Parking
1
Developer
Mina Rashid Properties
Completion due
2028
Last sold
AED 2.55M · July 2025
Building
Ocean Cove 1

About 506, Ocean Cove 1

506 is a two-bedroom apartment of 1,220 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. It last sold on 10 July 2025 for AED 2,553,888, or AED 2,093 per sqft, in line with the AED 2,085 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

2-beds in Ocean Cove 1, and where 506 sits

All 67 2-beds →

506 last sold in July 2025 at AED 2,093 per sqft, in line with what two-beds in Ocean Cove 1 were fetching at the time (AED 2,085).

Recent 2-bed salesUnit no.Price (AED)Summary
9 Jun 20252,602,888
26 Dec 20242,887,950
12 Dec 20242,937,888
18 Oct 20242,646,888
0 2-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
5053-bedAED 3.46M · Oct 2024
5072-bedAED 2.62M · Sep 2024
5082-bedAED 2.59M · Aug 2024
1–7 of 19

506, Ocean Cove 1 in numbers

  • Sold twice: first on 14 October 2024 for AED 2,553,888, last on 10 July 2025 for AED 2,553,888 (AED 2,093 per sqft).

Source: Dubai Land Department. Updated 10 July 2025.

Questions about 506, Ocean Cove 1

What did unit 506 last sell for?

AED 2,553,888 on 10 July 2025: AED 2,093 per sqft for 1,220 sqft. The unit has 2 registered sales; the first was AED 2,553,888 in October 2024.

How big is unit 506?

1,220 sqft (113.3 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower due for completion in 2028.

What is unit 506 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 506, Ocean Cove 1

Starts from the last sale price (AED 2.55M, 10 July 2025). Switch to today's estimate once you have unlocked it.
Price
AED 2,553,888
Deposit, UAE resident (20%)
AED 510,778
Deposit, non-resident (40%)
AED 1,021,555
Monthly over 25 years at 3.7%
AED 10,449

Plus AED 112,274 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →