Off-Plan Furnished Studio in Cove Edition 5 by Imtiaz, Wadi Al Safa 5 – Below OP

Property Overview

This is an off-plan, fully furnished studio on a mid floor of Cove Edition 5 by Imtiaz Developments in Wadi Al Safa 5, Dubailand. It is offered as an urgent sale at AED 590,000, which is AED 90,000 (13.2%) below the agent-stated original price of AED 680,000, for 392.24 sq ft, about AED 1,504 per sq ft.

Property Highlights

• Asking price: AED 590,000
• Original price (agent-stated): AED 680,000
• Saving: AED 90,000 (13.2%)
• Built-up area: 392.24 sq ft
• Price per sq ft: approximately AED 1,504
• Type: studio
• Floor: mid floor
• Furnishing: fully furnished
• Status: off-plan

Why the Price Qualifies as Below OP

The agent states an original price of AED 680,000. At AED 590,000, the asking price is AED 90,000 lower. DPF calculates this as a 13.2% discount on the original price; the agent's brief describes it as about 15% below OP, but the supplied figures give 13.2%. The rate works out to AED 1,504 per sq ft (AED 590,000 divided by 392.24 sq ft).

Confirm the original price against the seller's SPA and Oqood before committing.

About the Project, Developer and Community

Cove Edition 5 is an 11-storey residential building by Imtiaz Developments in Wadi Al Safa 5, within the Dubailand Residence Complex area off Dubai–Al Ain Road. Published project material describes fully furnished studios and one- and two-bedroom apartments with balconies and smart-home controls for lighting and climate.

Listed facilities include a clubhouse, a rooftop infinity pool, a gym, a children's playground, a BBQ area, lounges and landscaped gardens.

Layout, Floor and View

The agent states the unit is a fully furnished studio of 392.24 sq ft on a mid floor. The brief does not give the view, unit number or parking, so those are not listed.

Payment Plan and Handover

The brief does not state the amount paid, the remaining balance or the handover date. Published project material describes a 50/50 payment plan and an expected handover in Q1 2027; these are project-level figures, not confirmed terms for this unit. Confirm the paid amount, outstanding instalments, Imtiaz transfer requirements and the SPA handover date before signing.

Location and Connectivity

Wadi Al Safa 5 sits in the Dubailand area with access to Dubai–Al Ain Road (E66). DPF does not quote travel times.

Verification Notes

• Agent-supplied: price, original price, size, studio type, mid floor, full furnishing, off-plan status and urgent-sale basis.
• DPF-calculated: saving, discount percentage (agent's stated 15% corrected to 13.2%) and price per sq ft.
• External research: building height, unit types, furnishing, amenities, indicative payment plan and handover from published project information.
• Not supplied: amount paid, handover date, view and parking.