The Cove
ResaleDeveloperTHE LAGOONS PHASE ONE L.L.C
CommunityDubai Creek Harbour
AreaAl Khairan First
Started
9 years ago14-01-2017
Handover
4 years 2 months ago17-11-2021
Status
CompleteFinished
Project Description
PROPOSED 3 RESIDENTIAL BUILDING WITH PROMENADE RETAIL AS FOLLOWS BUILDING1: 2B+G+21 (137 units) BUILDING 2: 2B+G+9 (89 units) BUILDING 3: 2B+G+6 (50 units) ON PLOT NO. 132 (415-8724) AL KHAIRAN FIRST, DUBAI. BUILDING CONSIST OF CONCRETE STRUCTURE WITH INTERNAL AND EXTERNAL FINISHES.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Falling-3%
DeclineCurrent:AED 2,243/sqft
Last 12M:AED 2,323/sqft
Momentum: Last 12Mvs Prior Year
Rising+5%
GrowthLast 12M:AED 2,323/sqft
Prior Year:AED 2,204/sqft
Community Compare: Last 90DDubai Creek Harbour
Discount-13%
Below AvgProject:AED 2,245/sqft
Community:AED 2,580/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
27Sold (Last 12M)
Supply & Demand Matrix
The Cove averaged 9% liquidity over the last 12 months, which is considered low. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
1 Bedroom
73 units
9 sold64 left
12%
Velocity
2 Bedrooms
120 units
12 sold108 left
10%
Velocity
3 Bedrooms
79 units
5 sold74 left
6%
Velocity
4 Bedrooms
8 units
1 sold7 left
13%
Velocity
Shop
11 units
0 sold11 left
0%
Velocity
Layouts & Units (291)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatPodium + Floors 1-19 | Inventory 73units 16 layouts · Typically 1 parking 6-30 sqm balcony | Size Range 405-1,024sqft | Price Range AED 1.2M - AED 2.3M | Avg PSF 1,748 | Sales 29 | Trend — | |
Asset Class 2 Bed FlatPodium + Floors 1-19 | Inventory 120units 34 layouts · Typically 1 parking 6-85 sqm balcony | Size Range 626-2,032sqft | Price Range AED 1.9M - AED 3.5M | Avg PSF 1,736 | Sales 31 | Trend — | |
Asset Class 3 Bed FlatPodium + Floors 1-19 | Inventory 79units 19 layouts · Typically 2 parking 14-84 sqm balcony | Size Range 1,741-2,907sqft | Price Range AED 2.8M - AED 5.0M | Avg PSF 1,939 | Sales 16 | Trend — | |
Asset Class 4 Bed FlatFloors 6-21 | Inventory 8units 8 layouts · Typically 2.1 parking 67-173 sqm balcony | Size Range 3,860-5,267sqft | Price Range AED 10.8M - AED 11.2M | Avg PSF 1,668 | Sales 2 | Trend — | |
Asset Class ShopPodium | Inventory 11units 11 layouts · Typically 1.5 parking | Size Range 894-6,962sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 5 asset classes covering 291 units