The Cove ll
HandoverDeveloperTHE LAGOONS PHASE ONE L.L.C
CommunityDubai Creek Harbour
AreaAl Khairan First
Started
2 years 11 months ago10-02-2023
Handover
In 11 months31-12-2026
Status
72% BuiltIn Progress
Project Description
Building 4: 2B+G+22, Building 5: 2B+G+7, Building 7 & 8: 2B+G+8 Building 9: 2B+G+19 and Building 10: 2B+G+7, Residential, the project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Rising+12%
GrowthCurrent:AED 2,745/sqft
Last 12M:AED 2,459/sqft
Momentum: Last 12Mvs Prior Year
Rising+11%
GrowthLast 12M:AED 2,459/sqft
Prior Year:AED 2,221/sqft
Community Compare: Last 90DDubai Creek Harbour
Premium+6%
Above AvgProject:AED 2,745/sqft
Community:AED 2,580/sqft
Liquidity: Last 12MExit Speed
Low9%Turnover
75Sold (Last 12M)
Supply & Demand Matrix
The Cove ll averaged 9% liquidity over the last 12 months, which is considered low. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
1 Bedroom
189 units
16 sold173 left
8%
Velocity
2 Bedrooms
372 units
39 sold333 left
10%
Velocity
3 Bedrooms
221 units
20 sold201 left
9%
Velocity
4 Bedrooms
24 units
0 sold24 left
0%
Velocity
Layouts & Units (806)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatPodium + Floors 1-22 | Inventory 189units 15 layouts · Typically 1 parking 7-24 sqm balcony | Size Range 381-1,095sqft | Price Range AED 1.4M - AED 2.2M | Avg PSF 2,043 | Sales 220 | Trend — | |
Asset Class 2 Bed FlatPodium + Floors 1-22 | Inventory 372units 28 layouts · Typically 1 parking 9-62 sqm balcony | Size Range 573-1,785sqft | Price Range AED 1.0M - AED 4.0M | Avg PSF 2,094 | Sales 449 | Trend — | |
Asset Class 3 Bed FlatPodium + Floors 1-22 | Inventory 221units 26 layouts · Typically 1 parking 13-81 sqm balcony | Size Range 914-3,321sqft | Price Range AED 3.3M - AED 7.3M | Avg PSF 2,428 | Sales 256 | Trend — | |
Asset Class 4 Bed FlatFloors 7-8 | Inventory 24units 8 layouts · Typically 1 parking 35-324 sqm balcony | Size Range 3,024-6,927sqft | Price Range AED 6.2M - AED 12.0M | Avg PSF 2,040 | Sales 26 | Trend — |
Grouped into 4 asset classes covering 806 units