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Sara Al Mansouri

Meridian Properties

+971 50 123 4567

sara@meridianproperties.ae

BRN 34781

Building market report · Al Khairan First · August 2026

THE COVE Building 3

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-B5713-202608

Key takeaways

  • Median price for apartments: AED 1,700,000 (AED 23,773 per sqm), down 6.3% year on year.
  • Per sqm, apartments here are 10% below the Al Khairan First average of AED 26,277 (sales-weighted across areas).
  • 1 sales recorded in August 2026, broadly level with a year earlier.

1.Apartments1 sale · August 2026

Median sale priceAED 1,700,000-7.1%vs last year
Median price / sqmAED 23,773-6.3%vs last year10% below the Al Khairan First average
Sales recorded10.0%vs last year
Median annual rent——new contracts
Gross yield—rent ÷ price
Off-plan share of sales0%0 of 1
Off-plan median / sqmn/aunder 5 sales
Ready median / sqmn/aunder 5 sales

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

Sale price per sqm and monthly sales · 24 months

25K23K22K1Sep 24May 25Jan 26Aug 26
Dec 24 · 26K /sqmAug 26 · 24K /sqm · 1 sales

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20261AED 1,700,000AED 23,773——
July 20260————
June 20261AED 3,000,000AED 24,035——
May 20260————
April 20261AED 4,400,000AED 25,319——
March 20260————

2.Recent saleslast 9 registered in THE COVE Building 3

DateUnitSize sqmPriceAED / sqmStatus
26 Aug 20261 bedroom72AED 1,700,000AED 23,773Ready
4 Jun 20262 bedrooms125AED 3,000,000AED 24,035Ready
14 Apr 20263 bedrooms174AED 4,400,000AED 25,319Ready
20 Jan 20262 bedrooms121AED 2,750,000AED 22,737Ready
25 Aug 20251 bedroom72AED 1,830,000AED 25,378Ready
28 Apr 20252 bedrooms148AED 2,950,000AED 19,893Ready
18 Feb 20252 bedrooms121AED 3,250,000AED 26,871Ready
30 Jan 20252 bedrooms125AED 3,170,000AED 25,397Ready
12 Dec 20242 bedrooms125AED 3,300,000AED 26,438Ready

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 THE COVE Building 3 over the last two years. It stays in the link and the PDF.

3.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