Unit 401, Alcove: what it sold for and what it is worth now

Unit 401 at Alcove is a 1 bed of 904 sq ft. It last sold for AED 750,000 on 10 May 2023. At AED 903 per sq ft, from 6 sales in the building in the last 12 months (1 bed), it is worth about AED 817,000 today.

Value todayAED 817,000AED 801,000 to AED 843,000
Last saleAED 750,00010 May 2023 · Resale
Change since last sale+8.9%Building trend alone: AED 877,906
Rent (median asking, 1 bed)AED 74,999Gross yield 9.2%
Bedrooms1 bed
Size904 sq ft
Floor4 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingAlcove by Grovy Real Estate Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 401

DatePriceSizeAED/sq ftType
10 May 2023AED 750,000904 sq ft830Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
5014 Nov 2025AED 810,000904 sq ft896Resale
20119 May 2023AED 700,000904 sq ft774Resale

Latest 1 bed sales in Alcove

UnitDatePriceSizeAED/sq ftType
31612 Oct 2026AED 790,000895 sq ft883Resale
10518 Jun 2026AED 740,000848 sq ft873Resale
4069 Apr 2026AED 920,000970 sq ft948Resale
10416 Dec 2025AED 820,000873 sq ft939Resale
5014 Nov 2025AED 810,000904 sq ft896Resale
11728 Oct 2025AED 815,000895 sq ft911Resale
3038 Oct 2025AED 960,0001,183 sq ft811Resale
2183 Sep 2025AED 780,000911 sq ft856Resale

How we worked out the value

We took the 6 sales in Alcove in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 903). We multiplied it by the size of this unit (904 sq ft). The range uses the middle half of those sales (AED 886 to AED 932 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 877,906. Floor, view, condition and upgrades can move the price either way. Sales data to 12 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 401 at Alcove worth?

About AED 817,000 (range AED 801,000 to AED 843,000), based on AED 903 per sq ft from registered sales up to 12 Oct 2026.

When did unit 401 last sell?

10 May 2023, for AED 750,000 (resale). It has 1 registered sale.

What rent can unit 401 make?

A 1 bed in Alcove rents for about AED 74,999 a year (median asking rent). That is a gross yield of 9.2% on the estimate.

Sales alert for AlcoveAll sales in Alcove

Unit 317 · Unit 406