Project · Transactions · 2023

The Cove Property Transactions 2023

47 property sales worth AED 138.68M were registered in The Cove in 2023, 33.8% lower than 2022 by number of sales. The median sale price was AED 2,813,888 and the median price per square foot AED 2,140 (+3.6% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 47 salesUpdated: 20 Oct 2026
Property sales
47
−33.8% vs 2022
1 Jan – 31 Dec 2023
Total value
AED 138.68M
−39.4% vs 2022
1 Jan – 31 Dec 2023
Median sale price
AED 2,813,888
+0.5% vs 2022
47 sales
Median price per sq ft
AED 2,140
+3.6% vs 2022
47 sales

What types of property sold in The Cove in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments47100%AED 138.68MAED 2,813,888AED 2,140

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)510.6%AED 21.48MAED 4,519,888AED 2,456
Resale (secondary)4289.4%AED 117.2MAED 2,800,000AED 2,090
Ready47100%AED 138.68MAED 2,813,888AED 2,140

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

132 rental contracts (new and renewed) were registered in The Cove in 2023, at a median annual rent of AED 120,000 (+14.3% on 2022). Rental yields in The Cove

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

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
18/10/2023The Cove Building 23 beds · Apartment1,890 sq ftAED 5,068,888Primary · Ready
27/11/2023The Cove Building 13 beds · Apartment1,843 sq ftAED 4,808,888Primary · Ready
28/03/2023The Cove Building 13 beds · Apartment1,839 sq ftAED 4,686,888Resale · Ready
07/07/2023The Cove Building 13 beds · Apartment1,840 sq ftAED 4,633,888Resale · Ready
30/01/2023The Cove Building 13 beds · Apartment1,840 sq ftAED 4,608,888Resale · Ready
31/05/2023The Cove Building 13 beds · Apartment1,840 sq ftAED 4,519,888Primary · Ready
03/07/2023The Cove Building 33 beds · Apartment1,871 sq ftAED 4,500,000Resale · Ready
03/10/2023The Cove Building 13 beds · Apartment1,839 sq ftAED 4,340,000Primary · Ready
04/04/2023The Cove Building 23 beds · Apartment1,891 sq ftAED 4,302,888Resale · Ready
17/05/2023The Cove Building 33 beds · Apartment1,741 sq ftAED 4,300,888Resale · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
30/11/2023The Cove Building 11 bed · Apartment745 sq ftAED 2,040,000Resale · Ready
28/11/2023The Cove Building 11 bed · Apartment745 sq ftAED 2,150,000Resale · Ready
27/11/2023The Cove Building 13 beds · Apartment1,843 sq ftAED 4,808,888Primary · Ready
16/11/2023The Cove Building 12 beds · Apartment1,283 sq ftAED 2,776,250Resale · Ready
18/10/2023The Cove Building 23 beds · Apartment1,890 sq ftAED 5,068,888Primary · Ready
03/10/2023The Cove Building 13 beds · Apartment1,839 sq ftAED 4,340,000Primary · Ready
25/09/2023The Cove Building 23 beds · Apartment1,891 sq ftAED 3,168,000Resale · Ready
25/09/2023The Cove Building 23 beds · Apartment1,890 sq ftAED 2,800,000Resale · Ready
25/09/2023The Cove Building 21 bed · Apartment738 sq ftAED 1,375,000Resale · Ready
25/08/2023The Cove Building 22 beds · Apartment1,287 sq ftAED 2,400,000Resale · 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/2023
The Cove Property Transactions 2023. DXBinteract, data to 19 Oct 2026. https://dxbinteract.com/dubai-property-transactions/the-cove/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 in 2023?
47 property sales worth AED 138,682,383 were registered in The Cove in 2023. That is 33.8% lower than 2022.
What was the median property price in The Cove in 2023?
The median sale price was AED 2,813,888 and the median price per square foot AED 2,140 (1 Jan – 31 Dec 2023).
What share of 2023 sales in The Cove were off-plan or from developers?
Developer (primary) sales were 10.6% of the 47 sales and resales 89.4%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 19 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/the-cove/2023