The Cove - Dubai Investment Park  

The Cove is a low-rise, high-end apartment development in the Island District of Dubai Creek Harbour. This is luxury real estate offering 1, 2, 3, and 4 bedroom apartments and penthouses. The project is being sold in phases; the first units went on sale starting in December 2016. The Cove Building 1 launch is on September 6, 2017.

Master Community: Dubai Investment Park
Property Types Available: Apartments
Location: Ras Al Khor Road
Status: Under Construction
Year Launched: 2016
Estimated Completion Date: March 2020
Developer: Emaar
Title Type: Freehold
Quality Classification: High-end
Height Classification: Mid-rise
Life Cycle: Under Construction
Special Classification: Water-front Community
Under Construction Buildings: 6
Floors: 8

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Investment Feasibility & Decision Drivers

Snapshot summary for investing in The Cove

Investment Score

Value for Money
85%
Project Uniqueness
95%
Location & Connectivity
60%
Rental Yield Expectation
65%
Capital Growth Expectation
85%
More information on investment scores

Total Score

Synopsis

Sale Status: Partially sold out. Units available.

Payment Plan: Somewhat investor friendly

Ideal for: End-Users & Investors

Price Range: AED 1,400 PSF - AED 1,700 PSF

Unit Types Available: 1 Bedroom Apartment, 2 Bedroom Apartment, 3 Bedroom Apartment

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What Our Experts Think

The Cove is a rare chance to own low-rise, luxury residential along the water-front.

It's not quite Old Town Island in Downtown Dubai, but pretty darn close.

Investors / end-users can purchase 1, 2 and 3 bedroom apartments on a 3.5 year payment-plan. 30% of the purchase price is payable on handover (March 2020).

The Cove - Dubai Creek Harbour

 Published on Sep 06 2017   1,056 Views

 Source: Emaar

 Category: Design Concept , Project Walk Through , Project Introduction

A water-front community of low-rise buildings offering views of the Ras Al Khor Wild Life Sanctuary, The Tower, Downtown Skyline, and Creek.

The Cove by Emaar in Dubai Creek Harbour. Launching shortly.

Low-rise luxury development with 1, 2 and 3 bedroom apartments. Contact +971-50-7086765 to learn more.

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About The Cove

Overview

The Cove is a residential development featuring low-rise, high-end buildings with one, two, and three bedroom apartments and four bed penthouses, along the water-front. The project is located on the Island District in Dubai Creek Harbor. Buildings will be launched in phases. First units went on sale in December 2016.

Emaar is launching The Cove building 1 on September 6, 2017.

The Cove - Building 1

The Cove building 1 is one of the taller buildings within the Cove development. It is a G+21 building featuring one, two, and three bedroom apartments and four bedroom penthouses. The units will have views of either water or community views, as well as views of the Tower or central district.

The four bedroom penthouses are located on the 20th and 21st floors.

The Cove - Building 1 Sizes

Bedrooms Size Range (Sq. Ft.)
1 Bed 720 - 836
2 Bed 1,289 - 1,647
3 Bed 1,841 - 1,846
4 Bed Penthouse 3,891 - 4,893

Launch Price Ranges

2 Bedrooms: AED 1.9 - 2.4 M

3 Bedrooms: AED 2.8 - 3.3 M

Payment-Plan for The Cove

Payment Milestone
5% Downpayment
10% December 2017
10% March 2018
10% September 2018
15% March 2019 (upon 50% construction completion)
15% September 2019 (upon 70% construction completion)
35% March 2020 (upon 50% construction completion)

Project Completion Status (as per DLD): 5.47% (as of Sept 25, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 132

Project Number: 1826

Real Estate Developer: THE LAGOONS PHASE ONE

Trust Account Number: 019000029849

Account Trustee Name: MASHREQ BANK

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

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