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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 Edition Residence 5 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-B6165-202608

Key takeaways

  • Median price for apartments: AED 741,657 (AED 20,398 per sqm), up 8.2% year on year.
  • Per sqm, apartments here are 32% above the Wadi Al Safa 5 average of AED 15,411 (sales-weighted across areas).
  • 1 sales recorded in August 2026, down 94% from a year earlier.

1.Apartments1 sale · August 2026

Median sale priceAED 741,657+8.1%vs last year
Median price / sqmAED 20,398+8.2%vs last year32% above the Wadi Al Safa 5 average
Sales recorded1-94.4%vs last year
Median annual rent——new contracts
Gross yield—rent ÷ price
Off-plan share of sales100%1 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

19K17K15K44Sep 24May 25Jan 26Aug 26
Jun 25 · 15K /sqmAug 26 · 20K /sqm · 1 sales

Six-month summary

MonthSalesMedian priceAED / sqmMedian rentGross yield
August 20261AED 741,657AED 20,398——
July 20261AED 1,014,541AED 14,189——
June 20262AED 693,822AED 19,542——
May 20263AED 743,226AED 18,056——
April 20260————
March 20261AED 679,112AED 18,677——

2.Recent saleslast 15 registered in Cove Edition Residence 5 by Imtiaz

DateUnitSize sqmPriceAED / sqmStatus
25 Aug 2026Studio36AED 741,657AED 20,398Off-plan
6 Jul 20261 bedroom72AED 1,014,541AED 14,189Off-plan
5 Jun 2026Studio35AED 642,478AED 18,590Off-plan
5 Jun 2026Studio36AED 745,165AED 20,494Off-plan
14 May 2026Studio38AED 682,683AED 18,056Off-plan
5 May 2026Studio36AED 743,226AED 20,497Off-plan
5 May 20261 bedroom101AED 1,197,122AED 11,879Off-plan
2 Mar 2026Studio36AED 679,112AED 18,677Off-plan
19 Feb 2026Studio36AED 649,556AED 17,825Off-plan
18 Feb 20261 bedroom79AED 1,245,871AED 15,863Off-plan
18 Feb 2026Studio36AED 741,657AED 20,398Off-plan
11 Feb 2026Studio36AED 679,112AED 18,677Off-plan
4 Feb 2026Studio36AED 713,069AED 19,611Off-plan
6 Jan 2026Studio36AED 709,712AED 19,519Off-plan
25 Dec 2025Studio37AED 627,899AED 17,170Off-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 Edition Residence 5 by Imtiaz 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