The Cove Building 2
The Cove Building 2 is a modern residential complex created in adherence with international standards on the coast of Dubai Creek. The apartments have a panoramic view of downtown Dubai, the famous Burj-Khalifa Tower, the waterfront with adjacent bays and Ras Al Khor Natural Park.
About the project
Building 2 is one of the three monolithic buildings within The Cove high-rise complex. The developer is Emaar Properties.
There is a wide choice of apartments with 2 to 4 bedrooms and with sizes ranging from 1,217 to 5,190 sq. ft (113 to 482 sq. m). Characteristic features include wide panoramic windows and balconies stretching along the perimeter of the apartments.
The minimum price for an apartment in the complex is AED 2,648,888 (USD 715,200).
*The price is valid for 2020
Amenities available to residents of The Cove include:
- gym;
- children’s playground;
- pools;
- spas and fitness centers;
- restaurants, cafes;
- 24 hour security, video surveillance;
- parking lot.
In addition, the complex has its own park, stores, and two supermarkets. Nearby is a Yacht Club Marina. Along the waterfront stretch groomed paths for hiking and jogging.
Location
Cove Building 2 is located in the southern part of Dubai Creek Harbour. It is in close proximity to Creek subway station.
It lies within walking distance of major infrastructure points such as:
- Dubai International Airport – 10 min.
- Al’ Maktum Airport (regional importance) – 40 min.
- Adjacent to E-44 highway (exit to/from interchanges in directions to/from city center) and D-62 highway (connects area with the northern part of Dubai).
The area is strategically located, combining seclusion and quiet with the ability to quickly reach any part of Dubai. There are also the Ibn Nafees Medical Center private clinic and Nadd Al Hammar Health Center public hospital nearby. There are kindergartens and schools (for junior, middle and high school students) within walking distance.
The closest supermarkets are Dubai Creek Harbour walk (shopping mall) and W Mart.
The main landmark in the area is the eponymous Dubai Creek Tower.
Payback
The cost of apartments in The Cove Building 2 depends on the size and number of interior rooms. The purchase of a two bedroom unit will cost AED 4,016,688 (USD 1,084,506). At a rent of AED 78,185 (USD 21,110) for such apartments, the rate of return is 1.94% per annum.
The recent progressive increase in the prices of modern real estate in Dubai is evident and is driven by the high rate of development of vacant areas and the growth of international investment in the region. The current 3.21% decrease in the average cost per square meter is a temporary factor and can be used for profitable investments offering high future returns.
*The price is valid for 2020
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Metropolitan Premium Properties
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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