Property Overview
This 2-bedroom apartment in The Cove II Building 4, Dubai Creek Harbour, is available at AED 2,600,000. The unit offers 1,140 sq ft with a boulevard view and is semi-furnished. The asking price is below comparable listings in the same building, with the seller having paid 80% of the purchase price and 20% remaining.
Property Highlights
- Type: 2-bedroom apartment, 2 bathrooms
- Size: 1,140 sq ft
- Furnishing: semi-furnished
- View: boulevard
- Parking: 1 covered space
- Asking price: AED 2,600,000
- Rate: AED 2,281 per sq ft
- Handover: August 2026 (building recently handed over)
- Payment status: 80% paid, 20% remaining
- Ownership: freehold
Pricing Analysis
The agent did not disclose the original purchase price. The asking price is assessed against comparable resale listings in The Cove II Building 4 and DLD transaction data.
Comparable Listings in Building 4
- FAM Properties (AS-176127): 2BR, 1,138 sqft (near-identical size), AED 3,100,000 (AED 2,725 per sq ft), mid floor, flamingo sanctuary and canal view, unfurnished
- FAM Properties (AS-183556): 2BR, 1,236 sqft, AED 3,650,000 (AED 2,953 per sq ft), high floor, flamingo sanctuary and creek tower view
- Property Finder (delisted, DP-S-63130): 2BR, 1,145 sqft, approximately AED 2,899,000 (AED 2,532 per sq ft), partial water view, unfurnished
The agent's price of AED 2,600,000 is AED 500,000 (16.1%) below the FAM Properties listing for a near-identical size (1,138 sqft) in the same building. It is also approximately AED 300,000 below the delisted Property Finder listing for a 2BR of 1,145 sqft. The agent's rate of AED 2,281 per sq ft compares to AED 2,532 to AED 2,953 per sq ft across other Building 4 listings.
DLD Transaction Data
A DLD-registered transaction on 8 September 2026 recorded a 2-bedroom apartment of 1,136 sqft in Building 4 at AED 2,400,000 (AED 2,112 per sq ft). This transaction was registered during the building's handover period and likely represents a primary developer-to-buyer registration rather than a secondary market resale. The DLD data for The Cove II across all buildings shows 63 sale transactions with an average price of AED 3,481,297.
Other recent 2BR DLD transactions across The Cove II:
- Building 6: 1,249 sqft, AED 2,497,576 (AED 2,000 per sq ft), 14 Sep 2026
- Building 7: 1,312 sqft, AED 3,000,000 (AED 2,286 per sq ft), 11 Sep 2026
- Building 8: 1,312 sqft, AED 3,361,888 (AED 2,562 per sq ft), 25 Sep 2026
Developer Starting Prices
Emaar's starting price for 2-bedroom apartments in The Cove Phase 2 was AED 2,100,000 for units ranging from 1,106 to 1,138 sq ft. The agent's asking price of AED 2,600,000 is above the developer starting price, which represents the lowest-priced 2BR configurations. The actual original purchase price for the specific unit with boulevard view and 1,140 sqft would likely have been higher than the starting price.
Pricing Summary
The agent's price of AED 2,600,000 (AED 2,281 per sq ft) sits well below the active listing landscape for 2BR apartments in Building 4, which ranges from AED 2,899,000 to AED 3,650,000. The 16.1% gap below the closest comparable (AED 3,100,000 for 1,138 sqft) represents a meaningful discount. The DLD primary transaction at AED 2,400,000 for a similar-sized unit suggests the agent's price carries a modest premium over original developer pricing. The 80% paid status and recent handover create a scenario where the seller may be motivated by the approaching or completed handover payment obligation.
Payment Structure
The seller has paid 80% of the original purchase price. Emaar's standard payment plan for The Cove Phase 2 was 10% down payment, 70% during construction and 20% at handover. The remaining 20% represents the handover payment obligation. At the asking price of AED 2,600,000, the buyer would pay AED 2,600,000 in total, with the allocation between the seller and Emaar's remaining balance to be structured at the time of sale. The exact original purchase price and remaining balance payable to Emaar should be confirmed through the seller's SPA.
Layout and Features
The apartment is 1,140 sq ft with 2 bedrooms and 2 bathrooms. Based on comparable units in Building 4, the layout includes an open-plan living and dining area, an open kitchen with fitted appliances, a balcony, built-in wardrobes, a laundry room and floor-to-ceiling windows. The unit faces the boulevard within Dubai Creek Harbour.
The agent describes the unit as semi-furnished, which typically includes some fitted furniture and appliances beyond the standard developer specification but not a complete furnishing package.
About The Cove II and Dubai Creek Harbour
The Cove II (The Cove Phase 2) is a waterfront residential development by Emaar Properties on Creek Island within Dubai Creek Harbour. The phase comprises five residential towers (Buildings 4 through 8) offering apartments from 1 to 3 bedrooms, along with duplexes and penthouses in select buildings.
Building 4 specifications:
- Developer: Emaar Properties
- Height: 23 to 25 storeys
- Unit types: 1BR, 2BR, 3BR apartments
- Developer starting prices: from AED 1,300,000 (1BR), AED 2,100,000 (2BR), AED 3,100,000 (3BR)
- Ownership: freehold
- Status: sold out, recently handed over
Building amenities:
- Infinity pool and children's pool
- Gymnasium and spa
- BBQ area
- Children's play area
- Waterfront promenade access
- Landscaped gardens
- 24-hour security and concierge
Dubai Creek Harbour is a waterfront master community by Emaar spanning approximately 6 million sq ft along the Dubai Creek. The development includes Creek Beach, Central Park, Creek Marina, retail and dining destinations, and the Dubai Creek Tower (under development).
Location and Connectivity
The Cove II Building 4 is located on Creek Island within Dubai Creek Harbour, between Downtown Dubai and Dubai International Airport.
- Dubai Mall and Downtown Dubai: approximately 10 minutes
- Dubai International Airport: approximately 10 minutes
- Festival City Mall: approximately 10 minutes
- DIFC and Business Bay: approximately 15 minutes
- Ras Al Khor Wildlife Sanctuary: adjacent
- Al Khail Road and Ras Al Khor Road: direct access
The community benefits from its central waterfront position with views toward the Ras Al Khor flamingo sanctuary, the Dubai skyline and the Creek waterway. The Creek Island precinct provides a self-contained residential environment with retail, dining and leisure facilities within walking distance.
Verification Notes
Unit-specific facts including 2-bedroom configuration, 1,140 sq ft, boulevard view, semi-furnished status, 80% paid and asking price of AED 2,600,000 are sourced from the agent's brief received on 2 October 2026. The below-market classification is based on a comparison against an active FAM Properties listing at AED 3,100,000 for a 2BR of 1,138 sqft in the same building, representing an AED 500,000 (16.1%) difference. A DLD-registered transaction on 8 September 2026 for a 2BR of 1,136 sqft in Building 4 at AED 2,400,000 is AED 200,000 below the agent's price and likely represents a primary developer-to-buyer registration. The 2-bathroom count and 1-parking allocation are based on consistent data across FAM Properties and Property Finder for 2BR units in Building 4 and were not stated by the agent. The handover date shows discrepancy: agent states August 2026, Property Finder new project page states Q4 2026, while DLD registrations and Dubizzle listings confirm Building 4 units were being handed over in September 2026. The official project name is The Cove II Building 4 (The Cove Phase 2); the agent's shorthand was Cove Building 4. Building floor count varies across sources (23 per dxboffplan, 25 per Dubizzle listing). The unit number, exact floor, service charge and original purchase price were not stated.
