2-bed · 1,306 sqftThe Cove Building 3, Dubai Creek Harbour · 2nd floor · completed 2021

201, The Cove Building 3

Sold prices and rental history: sold once, by the developer in February 2017, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 201 · DLD and Ejari recordsUpdated 19 March 2023
Last soldAED 1.78M2 February 2017
Current rentAED 120K /yr19 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 201, The Cove Building 3

What is 201 worth today?

Last sold for AED 1,777,888 in 2017

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19 Mar 2023RentedRenewal
AED 120,000/yr12 months · AED 92 per sqft
19 Mar 2022RentedNew contract
AED 120,000/yr12 months · AED 92 per sqft
2 Feb 2017Sold by developerOff-plan
AED 1,777,888AED 1,361 per sqft

Source: Dubai Land Department. Updated 19 March 2023.

Key facts

Type
2-bed apartment
Size
1,306 sqft
Floor
2nd of 6
Parking
B1-30
Developer
Emaar
Completed
2021
Service charge
AED 28,700 /yr
Last sold
AED 1.78M · February 2017

About 201, The Cove Building 3

201 is a two-bedroom apartment of 1,306 sqft on the 2nd floor of The Cove Building 3, a 6-storey tower in Dubai Creek Harbour completed in 2021 by Emaar. The developer sold it on 2 February 2017 for AED 1,777,888, or AED 1,361 per sqft, 24% below the AED 1,791 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 19 March 2023, is AED 120,000 a year: a gross yield of 6.8% on the 2017 price, before the service charge of about AED 28,700 a year.

Sales and rents for 201 over time

Sales
Unit 201, each saleTypical two-bed in The Cove Building 3
2M3M2017202020232026Typical sale price by year: 2017 AED 2,331,888; 2021 AED 3,569,888; 2022 AED 2,531,944; 2025 AED 3,170,000Sold by developer, February 2017: AED 1,777,888 (AED 1,361 per sqft)

201 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 201, each contractTypical two-bed in The Cove Building 3
120K140K20222023202420252026Typical rent by year: 2022 AED 120,000; 2023 AED 125,000; 2024 AED 133,875; 2025 AED 152,500New contract, March 2022: AED 120,000 a yearRenewal, March 2023: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Cove Building 3, and where 201 sits

All 22 2-beds →

201 last sold in February 2017 at AED 1,361 per sqft, 24% below what two-beds in The Cove Building 3 were fetching at the time (AED 1,791). Over the last 12 months two-beds sold for AED 2,750,000, around AED 2,112 per sqft, and rent for AED 118,800 to 175,000 a year. 201's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Jan 20262,750,000
28 Apr 20252,950,000
18 Feb 20253,250,000
30 Jan 20253,170,000
1 2-bed sale in the last 12 months

The Cove Building 3

Building

54 apartments, 1-bed to 4-bed over 6 floors in Dubai Creek Harbour, completed in 2021 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 2,112
Typical sale
AED 2.75M
Typical rent
AED 119K /yr
Typical yield
5.8%
The Cove Building 3, Dubai Creek Harbour: prices, sales and rents →

Other units on the 2nd floor

All 54 units in The Cove Building 3
Value
2022-bedAED 2.33M · Jan 2017
2032-bedAED 2.48M · Jan 2017
2043-bedAED 3.28M · Feb 2017
2053-bedAED 3.43M · Jan 2017
2063-bedAED 3.43M · Jan 2017
2071-bedAED 1.48M · Jul 2021
2081-bedAED 1.3M · Jan 2017

201, The Cove Building 3 in numbers

  • Sold once: by Emaar on 2 February 2017 for AED 1,777,888, or AED 1,361 per sqft.
  • Rented since March 2022 on 2 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2017 price is 6.8%, before a service charge of about AED 28,700 a year (AED 22.00 per sqft).
  • Two-beds in The Cove Building 3 sold for AED 2,750,000–2,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,112 per sqft.

Source: Dubai Land Department. Updated 19 March 2023.

Questions about 201, The Cove Building 3

What did unit 201 last sell for?

AED 1,777,888 on 2 February 2017, sold by the developer: AED 1,361 per sqft for 1,306 sqft. It is the only registered sale of the unit.

What is the rent for unit 201?

AED 120,000 a year on the contract renewed on 19 March 2023. The previous contract, from March 2022, was AED 120,000.

How big is unit 201?

1,306 sqft (121.3 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2021.

What is unit 201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Cove Building 3 sold for AED 2,750,000 to 2,750,000 in the last 12 months, around AED 2,112 per sqft.

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Mortgage on 201, The Cove Building 3

Starts from the last sale price (AED 1.78M, 2 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,777,888
Deposit, UAE resident (20%)
AED 355,578
Deposit, non-resident (40%)
AED 711,155
Monthly over 25 years at 3.7%
AED 7,274

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