The Cove
✓ Resale Available

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
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 155,340 / year
Cash-on-Cash
1.8%
Levered cashflow AED 36,540
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 234,000 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
The Cove launch basis4,000AED 3.60MCurrent launch / asking basis
Dubai Creek Harbour ready-stock comps1,800AED 1.62MIndicative resale benchmark
Dubai Creek Harbour premium peer launches2,200AED 1.98MNew-launch peer set
Trophy alternative proxy2,700AED 2.43MHigher-end anchor for negotiation context

Gallery

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The Cove official render 1

The Cove official render 1

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The Cove official render 2

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The Cove official render 10

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,...

Flexible Payment

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Floor Plans

The Cove — 1 Bedroom Floor Plan

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 Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Dubai Creek HarbourDubai Creek HarbourDubai, UAE

Developer Track Record

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

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Official brochure and PDF marketing materials available

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Official render/gallery images available

Available for Resale

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

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

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