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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Wadi Al Safa 5 · August 2026

Cove Living Residence By Imtiaz

Source: Dubai Land Department open data · Sales through September 2, 2026 · Rents through August 21, 2026

Period covered: Sep 24 to Aug 26 · Ref AR-B5033-202608

Key takeaways

  • Median price for apartments: AED 613,739 (AED 11,885 per sqm), down 2.9% year on year.
  • Per sqm, apartments here are 23% below the Wadi Al Safa 5 average of AED 15,411 (sales-weighted across areas).
  • 3 sales recorded in August 2026, up 200% from a year earlier.
  • Studio apartments were the most traded size: median AED 633,869 across 6 sales in three months.

1.Apartments3 sales · August 2026

Median sale priceAED 613,739-33.3%vs last year
Median price / sqmAED 11,885-2.9%vs last year23% below the Wadi Al Safa 5 average
Sales recorded3+200.0%vs last year
Median annual rent——new contracts
Gross yield—rent ÷ price
Off-plan share of sales100%3 of 3
Off-plan median / sqmn/aunder 5 sales
Ready median / sqmn/aunder 5 sales

Small sample: medians for August 2026 are based on only 3 recorded sales and can swing month to month. Read the trend, not a single point.

Sale price per sqm and monthly sales · 24 months

15K14K13K56Sep 24May 25Jan 26Aug 26
Sep 24 · 14K /sqmAug 26 · 12K /sqm · 3 sales

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20263AED 613,739AED 11,885——
July 20265AED 677,336AED 12,734——
June 20262AED 739,500AED 13,910——
May 20263AED 607,720AED 15,467——
April 20263AED 1,400,000AED 11,331——
March 20260————

2.By bedroomthree months to August 2026

TypeSalesMedian priceAED / sqmMedian rentContracts
Studio6AED 633,869AED 14,091——

Registered sales and new rental contracts pooled over three months; medians only. Bedroom counts with fewer than five records are not shown.

3.Recent saleslast 15 registered in Cove Living Residence By Imtiaz

DateUnitSize sqmPriceAED / sqmStatus
24 Aug 20261 bedroom93AED 1,101,647AED 11,856Off-plan
21 Aug 2026Studio52AED 613,739AED 11,885Off-plan
7 Aug 2026Studio39AED 585,000AED 14,943Off-plan
30 Jul 20261 bedroom75AED 880,000AED 11,732Off-plan
23 Jul 20261 bedroom75AED 960,000AED 12,734Off-plan
20 Jul 2026Studio42AED 677,336AED 16,200Off-plan
15 Jul 2026Studio44AED 584,359AED 13,239Off-plan
15 Jul 2026Studio52AED 655,875AED 12,701Off-plan
19 Jun 2026Studio39AED 653,999AED 16,821Off-plan
10 Jun 20261 bedroom75AED 825,000AED 10,999Off-plan
20 May 2026Studio37AED 576,926AED 15,467Off-plan
13 May 2026Studio43AED 701,654AED 16,337Off-plan
11 May 2026Studio36AED 660,000AED 18,576Off-plan
11 May 2026Studio43AED 607,720AED 14,029Off-plan
14 Apr 20262 bedrooms124AED 1,309,749AED 10,598Off-plan

Sale registrations as published by Dubai Land Department. Sizes are the registered procedure area. No unit numbers or parties are shown.

Comparables for a specific unit

Enter the client's unit and the report gains a section of every registered sale of that size and type in Cove Living Residence By Imtiaz over the last two years. It stays in the link and the PDF.

4.Methodology and source

Source. Sale transactions registered with the Dubai Land Department and rental contracts registered with Ejari, both published as open data (sales through September 2, 2026, rents through August 21, 2026). No listings, asking prices, or estimates.

Statistics. All figures are medians. Sale records with a price per sqm outside the 1st to 99th percentile of their area and property type are excluded. Rental figures use new registrations only; renewals are excluded. Partial months are never shown; months resting on fewer than thirty sales carry a small-sample note.

Gross yield. Median annual rent of new contracts divided by median sale price for the same area, month, and property type. Indicative only; it does not account for service charges, fees, or vacancy.

Limitations. The DLD publishes with a lag of one to three months. Area and building names are normalized from multiple official spellings. This report is informational and is not a valuation or investment advice.

Full methodology