Building · Transactions · 2023

The Cove Building 1 Property Transactions 2023

24 property sales worth ⃃ 72.3M were registered in The Cove Building 1 in 2023, 44.2% lower than 2022 by number of sales. The median sale price was ⃃ 2,806,944 and the median price per square foot ⃃ 2,341 (+10.2% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 24 salesUpdated: 19 Oct 2026
Property sales
24
−44.2% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 72.3M
−52.6% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 2,806,944
+0.1% vs 2022
24 sales
Median price per sq ft
⃃ 2,341
+10.2% vs 2022
24 sales

What types of property sold in The Cove Building 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments24100%⃃ 72.3M⃃ 2,806,944⃃ 2,341

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)416.7%⃃ 16.42M⃃ 4,429,944⃃ 2,408
Resale (secondary)2083.3%⃃ 55.89M⃃ 2,788,125⃃ 2,248
Ready24100%⃃ 72.3M⃃ 2,806,944⃃ 2,341

How many rental contracts were registered in The Cove Building 1 in 2023?

58 rental contracts (new and renewed) were registered in The Cove Building 1 in 2023, at a median annual rent of ⃃ 117,589 (+12.0% on 2022). Rental yields in The Cove Building 1

What were the most expensive property sales in The Cove Building 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
27/11/2023The Cove Building 13 beds · Apartment1,843 sq ft⃃ 4,808,888Primary · Ready
28/03/2023The Cove Building 13 beds · Apartment1,839 sq ft⃃ 4,686,888Resale · Ready
07/07/2023The Cove Building 13 beds · Apartment1,840 sq ft⃃ 4,633,888Resale · Ready
30/01/2023The Cove Building 13 beds · Apartment1,840 sq ft⃃ 4,608,888Resale · Ready
31/05/2023The Cove Building 13 beds · Apartment1,840 sq ft⃃ 4,519,888Primary · Ready
03/10/2023The Cove Building 13 beds · Apartment1,839 sq ft⃃ 4,340,000Primary · Ready
08/06/2023The Cove Building 13 beds · Apartment1,839 sq ft⃃ 4,000,000Resale · Ready
24/02/2023The Cove Building 13 beds · Apartment1,840 sq ft⃃ 3,500,000Resale · Ready
09/06/2023The Cove Building 12 beds · Apartment1,283 sq ft⃃ 3,169,888Resale · Ready
12/04/2023The Cove Building 12 beds · Apartment1,339 sq ft⃃ 3,108,888Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
30/11/2023The Cove Building 11 bed · Apartment745 sq ft⃃ 2,040,000Resale · Ready
28/11/2023The Cove Building 11 bed · Apartment745 sq ft⃃ 2,150,000Resale · Ready
27/11/2023The Cove Building 13 beds · Apartment1,843 sq ft⃃ 4,808,888Primary · Ready
16/11/2023The Cove Building 12 beds · Apartment1,283 sq ft⃃ 2,776,250Resale · Ready
03/10/2023The Cove Building 13 beds · Apartment1,839 sq ft⃃ 4,340,000Primary · Ready
07/07/2023The Cove Building 13 beds · Apartment1,840 sq ft⃃ 4,633,888Resale · Ready
14/06/2023The Cove Building 11 bed · Apartment826 sq ft⃃ 1,685,000Resale · Ready
09/06/2023The Cove Building 12 beds · Apartment1,283 sq ft⃃ 3,169,888Resale · Ready
08/06/2023The Cove Building 13 beds · Apartment1,839 sq ft⃃ 4,000,000Resale · Ready
31/05/2023The Cove Building 13 beds · Apartment1,840 sq ft⃃ 4,519,888Primary · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/the-cove-building-1/2023
The Cove Building 1 Property Transactions 2023. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-cove-building-1/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in The Cove Building 1 in 2023?
24 property sales worth ⃃ 72,302,943 were registered in The Cove Building 1 in 2023. That is 44.2% lower than 2022.
What was the median property price in The Cove Building 1 in 2023?
The median sale price was ⃃ 2,806,944 and the median price per square foot ⃃ 2,341 (1 Jan – 31 Dec 2023).
What share of 2023 sales in The Cove Building 1 were off-plan or from developers?
Developer (primary) sales were 16.7% of the 24 sales and resales 83.3%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-cove-building-1/2023