Alcove

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by Grovy
101
Total Units
85
Sold
AED 788,700
Median Price
AED 880
Median Price /sqft
Construction progress: 100%
Start: Feb, 2016Completion: May, 2018

Alcove Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio10440 sqft - 490 sqftAED 1,720 /sqft
0
1 Bed55820 sqft - 1,240 sqftAED 0.8M (900 /sqft)AED 1,430 /sqft
-36.61
2 Beds151,280 sqft - 2,570 sqftAED 1.4M (690 /sqft)AED 1,310 /sqft
-47.26

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
StudioApartment, 1021462 sqft8.69 sqft Check Availability
1Apartment, G011,001 sqft23.85 sqft Check Availability
1Apartment, G041,046 sqft24.48 sqft Check Availability
Commercial, 4-ST-0153 sqftCheck Availability
Commercial, 4-ST-0239 sqftCheck Availability
Commercial, 4-ST-0322 sqftCheck Availability
Commercial, 5-ST-0153 sqftCheck Availability
Commercial, 5-ST-0239 sqftCheck Availability
Commercial, 5-ST-0322 sqftCheck Availability
Commercial, B-ST-01266 sqftCheck Availability
Commercial, B-ST-02128 sqftCheck Availability
Commercial, B-ST-03150 sqftCheck Availability
Commercial, B-ST-04259 sqftCheck Availability
Commercial, B-ST-0595 sqftCheck Availability
Commercial, B-ST-06269 sqftCheck Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment1,236 sqft13.55 sqft 1AED 1,013,830AED 820 /sqft 30, Jan 2018
1Apartment979 sqft10.89 sqft 1AED 863,619AED 882 /sqft 11, Sep 2017
1Apartment964 sqft16.69 sqft 1AED 860,000AED 892 /sqft 01, May 2017
1Apartment911 sqft11.9 sqft 1AED 825,000AED 906 /sqft 15, Jul 2025
1Apartment895 sqft11.79 sqft 1AED 823,200AED 920 /sqft 25, Aug 2025
1Apartment873 sqft16.95 sqft 1AED 820,000AED 939 /sqft 16, Dec 2025
1Apartment925 sqft17.77 sqft 1AED 817,117AED 883 /sqft 19, Jul 2017
1Apartment895 sqft11.1 sqft 1AED 815,000AED 911 /sqft 28, Oct 2025
1Apartment871 sqft11.09 sqft 1AED 810,000AED 930 /sqft 25, Aug 2025
1Apartment887 sqft11.53 sqft 1AED 798,155AED 900 /sqft 26, Feb 2018
1Apartment883 sqft10.79 sqft 1AED 794,766AED 900 /sqft 06, Dec 2017
1Apartment865 sqft11.26 sqft 1AED 778,400AED 900 /sqft 06, Dec 2017
1Apartment848 sqft16.95 sqft 1AED 740,000AED 873 /sqft 18, Jun 2026
2Apartment1,725 sqft41.37 sqft 1AED 1,110,000AED 643 /sqft 14, Sep 2022
StudioApartment488 sqft8.31 sqft 1AED 585,043AED 1,199 /sqft 11, Jul 2017

Alcove Real Estate Data – FAQ

  • What is the current property supply in Alcove?

    Alcove has a total residential supply of approximately 26 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Alcove?

    Alcove recorded 8 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Alcove?

    The median transaction price in Alcove is AED 880 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Alcove?

    The gross rental yield in Alcove is approximately 8%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Alcove?

    Property prices in Alcove have shown a capital appreciation of 39% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Alcove?

    There are currently 0 active off-plan projects in Alcove, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Alcove?

    The total off-plan pipeline in Alcove includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is Alcove a good area for property investment?

    Alcove is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Alcove, this is %, indicating relatively strong income performance compared to global markets.

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