Unit 501, The Cove Building 2: what it sold for and what it is worth now

Unit 501 at The Cove Building 2 is a 3 bed of 1,890 sq ft. It last sold for AED 5,068,888 on 18 Oct 2023. At AED 2,222 per sq ft, from 3 sales of units ending 01 (same position in the tower), it is worth about AED 4,200,000 today.

Value todayAED 4,200,000AED 4,109,000 to AED 4,500,000
Last saleAED 5,068,88818 Oct 2023 · Resale
Change since last sale-17.1%Building trend alone: AED 6,099,208
Rent (median asking, 3 bed)AED 280,000Gross yield 6.7%
Bedrooms3 bed
Size1,890 sq ft
Floor5 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingThe Cove Building 2 by Emaar Properties, handed over 2021
Registered sales of this unit1

Every registered sale of unit 501

DatePriceSizeAED/sq ftType
18 Oct 2023AED 5,068,8881,890 sq ft2,682Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
90113 Jan 2025AED 11,200,0005,267 sq ft2,126Resale
40113 Dec 2024AED 4,800,0001,890 sq ft2,540Resale
60120 Jun 2024AED 4,200,0001,890 sq ft2,222Resale
20125 Sep 2023AED 2,800,0001,890 sq ft1,481Resale
60110 Apr 2023AED 3,800,0001,890 sq ft2,011Resale
40122 Mar 2022AED 4,284,8881,890 sq ft2,267Resale
10127 Jan 2022AED 3,953,1832,192 sq ft1,803Resale
20113 Dec 2021AED 4,268,8881,890 sq ft2,259Resale

Latest 3 bed sales in The Cove Building 2

UnitDatePriceSizeAED/sq ftType
50510 Mar 2026AED 3,820,0001,746 sq ft2,188Resale
60523 Jan 2026AED 3,700,0001,746 sq ft2,119Resale
1028 Jan 2026AED 5,000,0002,199 sq ft2,274Resale
40113 Dec 2024AED 4,800,0001,890 sq ft2,540Resale
10222 Jul 2024AED 4,950,0002,199 sq ft2,251Resale
60120 Jun 2024AED 4,200,0001,890 sq ft2,222Resale
20225 Sep 2023AED 3,168,0001,891 sq ft1,675Resale
20125 Sep 2023AED 2,800,0001,890 sq ft1,481Resale

How we worked out the value

We took the 3 resale sales of units ending 01 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 2,222). We multiplied it by the size of this unit (1,890 sq ft). The range uses the middle half of those sales (AED 2,174 to AED 2,381 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 6,099,208. Floor, view, condition and upgrades can move the price either way. Sales data to 9 Apr 2026, from the Dubai Land Department register.

Questions

What is unit 501 at The Cove Building 2 worth?

About AED 4,200,000 (range AED 4,109,000 to AED 4,500,000), based on AED 2,222 per sq ft from registered sales up to 9 Apr 2026.

When did unit 501 last sell?

18 Oct 2023, for AED 5,068,888 (resale). It has 1 registered sale.

What rent can unit 501 make?

A 3 bed in The Cove Building 2 rents for about AED 280,000 a year (median asking rent). That is a gross yield of 6.7% on the estimate.

Sales alert for The Cove Building 2All sales in The Cove Building 2

Unit 411 · Unit 502