The Cove — project image
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The Cove

From AED 3.60M·Completed Oct 2023·Accepted payment methods: bank_check, credit_debit_card,... Payment
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AED 3.60M
Starting Price
Oct 2023
Handover
Accepted payment methods: bank_check, credit_debit_card,...
Payment Plan
2 BR · Apartments
Type

Project Overview

The Cove is a premium project by developer Emaar, located on the banks of Dubai Creek Canal, close to Dubai Creek Harbour Mall and Ras Al Khor Nature Reserve. The development consists of 8 contemporary style buildings and offers beautifully appointed residences including 1, 2 and 3 bedroom apartments, 2 and 3 bedroom duplexes and 2, 3 and 4 bedroom townhouses. The panoramic windows offer incredible views of Dubai Creek Tower, Ras Al Khor Reserve, Creek Canal and Creek Beach. Amenities include several swimming pools, gym, children's playground, as well as a green park and a picturesque promenade with walking paths and seating areas. A shopping center and various cafes and restaurants are nearby. The Cove has a convenient location with an exit on Ras Al Khor Road. Burj Khalifa, Dubai Mall and Dubai International Airport are a 15-minute drive away, while Dubai Marina and Palm Jumeirah are a 25-minute drive away.

Project Specifications
DeveloperEmaar Properties
LocationDubai Creek Harbour
Unit Types2 BR, Apartments
AreaDubai Creek Harbour
Ownershipfreehold
Rental analysisSee scenario below

Illustrative Rental Scenario

Hypothetical completed-property scenario, not a forecast, valuation or financing offer: 6.5% gross rental yield, 6% acquisition-cost allowance, 60/40 debt/equity, 5.5% interest-only debt cost, 4% vacancy, 5% management, 1.2% service charge proxy and 0.4% maintenance. Service charge and maintenance are percentages of the purchase price; vacancy and management are percentages of gross rent. Rental income assumes the property is completed and let. Construction delays, price changes, sale proceeds and loan principal repayment are excluded. Confirm project-specific rents, costs and financing before relying on a scenario. For a live bespoke model, use our financial analysis calculator.

Scenario Cap Rate
4.3%
NOI AED 155,340 / year
Cash-on-Cash
2.2%
Levered cashflow AED 36,540
Simple Equity Payback
45.3 yrs
Equity incl. assumed costs AED 1.66M / annual levered cash flow. Excludes time before letting.

Pricing and Area Research

Starting prices are project indications, not confirmed unit offers. Ask for current availability, a unit-specific price and size, service charges and dated comparable transactions before deciding.

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Gallery

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Astraterra Properties

Official Documents

Download official marketing materials from Emaar Properties.

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Payment Structure

Accepted payment methods: bank_check, credit_debit_card,...

Published payment summary

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Amenities & Lifestyle

Accessibility for people with disabilities
Central A/C
Children’s pool
Kids Play Area
Pets Allowed
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Dubai Creek Harbour

Nearby Destinations

Dubai Creek Harbour

Developer and Project Facts

01

The Cove by Emaar Properties

02

Located in Dubai Creek Harbour

03

Starting from AED 3,600,000

04

Unit mix includes 2 BR, Apartments

05

Expected handover: Oct 2023

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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RERA Registered
Qualified Buyer Flow
Property Enquiries

Astraterra Properties · RERA BRN: 54738 · info@astraterra.ae

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