Ocean Cove

Off-Plan

DeveloperMINA RASHID PROPERTIES L.L.C

CommunityMina Rashid

AreaMadinat Dubai Almelaheyah

Started

1 year 2 months ago28-10-2024

Handover

In 2 years 7 months31-08-2028

Status

5% BuiltIn Progress

Project Description

Residential Development Consisting of two buildings Building 1 (G + 9 + Roof): Total of 154 units Building 2 (G + 7 + Roof): Total of 79 units

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Falling

-4%

Decline

Current:AED 2,215/sqft

Last 12M:AED 2,317/sqft

Momentum: Last 12Mvs Prior Year

Rising

+7%

Growth

Last 12M:AED 2,317/sqft

Prior Year:AED 2,167/sqft

Community Compare: Last 90DMina Rashid

Discount

-22%

Below Avg

Project:AED 2,215/sqft

Community:AED 2,842/sqft

Liquidity: Last 12MExit Speed

Low

4%Turnover

9Sold (Last 12M)

Supply & Demand Matrix

Ocean Cove averaged 4% 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

100 units

4 sold96 left

Velocity

2 Bedrooms

105 units

4 sold101 left

Velocity

3 Bedrooms

28 units

1 sold27 left

Velocity

Layouts & Units (233)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 69 units	Type Flat	Beds 1 B/R	Size 796 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold 17 days ago	Sales 70

Units 12 units	Type Flat	Beds 2 B/R	Size 1,248 sqft	Avg Price AED 2.6M	Last Price AED 3.0M	Last Sold 7 months ago	Sales 12

Units 112	Type Flat	Beds 3 B/R	Size 1,833 sqft	Avg Price AED 4.3M	Last Price AED 4.3M	Last Sold 7 months ago	Sales 1

Units 9 units	Type Flat	Beds 2 B/R	Size 1,220 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold 10 months ago	Sales 8

Units 22 units	Type Flat	Beds 2 B/R	Size 1,152 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold about 1 year ago	Sales 22

Units 9 units	Type Flat	Beds 2 B/R	Size 1,315 sqft	Avg Price AED 2.7M	Last Price AED 2.9M	Last Sold about 1 year ago	Sales 9

Units 101	Type Flat	Beds 1 B/R	Size 844 sqft	Avg Price AED 2.1M	Last Price AED 2.1M	Last Sold about 1 year ago	Sales 1

Units 25 units	Type Flat	Beds 2 B/R	Size 1,308 sqft	Avg Price AED 2.6M	Last Price AED 2.9M	Last Sold about 1 year ago	Sales 24

Units 105	Type Flat	Beds 3 B/R	Size 1,798 sqft	Avg Price AED 3.9M	Last Price AED 3.9M	Last Sold about 1 year ago	Sales 1

Units 6 units	Type Flat	Beds 2 B/R	Size 1,291 sqft	Avg Price AED 2.7M	Last Price AED 2.9M	Last Sold about 1 year ago	Sales 6

Units 6 units	Type Flat	Beds 3 B/R	Size 1,649 sqft	Avg Price AED 3.7M	Last Price AED 4.0M	Last Sold about 1 year ago	Sales 6

Units 8 units	Type Flat	Beds 3 B/R	Size 1,739 sqft	Avg Price AED 3.5M	Last Price AED 3.5M	Last Sold about 1 year ago	Sales 8

Units 103	Type Flat	Beds 3 B/R	Size 1,853 sqft	Avg Price AED 4.0M	Last Price AED 4.0M	Last Sold about 1 year ago	Sales 1

Units 111	Type Flat	Beds 2 B/R	Size 1,370 sqft	Avg Price AED 2.8M	Last Price AED 2.8M	Last Sold about 1 year ago	Sales 1

Units 15 units	Type Flat	Beds 1 B/R	Size 805 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 15

Units 2 units	Type Flat	Beds 2 B/R	Size 1,192 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold over 1 year ago	Sales 2

Units 101	Type Flat	Beds 1 B/R	Size 825 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 1

Units 5 units	Type Flat	Beds 1 B/R	Size 809 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 5

Units 6 units	Type Flat	Beds 3 B/R	Size 1,657 sqft	Avg Price AED 3.6M	Last Price AED 3.6M	Last Sold over 1 year ago	Sales 6

Units 4 units	Type Flat	Beds 3 B/R	Size 1,710 sqft	Avg Price AED 3.6M	Last Price AED 3.6M	Last Sold over 1 year ago	Sales 4

Units 104	Type Flat	Beds 2 B/R	Size 1,352 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold over 1 year ago	Sales 1

Units 117	Type Flat	Beds 2 B/R	Size 1,193 sqft	Avg Price AED 2.5M	Last Price AED 2.5M	Last Sold over 1 year ago	Sales 1

Units 120	Type Flat	Beds 3 B/R	Size 1,774 sqft	Avg Price AED 3.6M	Last Price AED 3.6M	Last Sold over 1 year ago	Sales 1

Units 6 units	Type Flat	Beds 1 B/R	Size 786 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 6

Units 3 units	Type Flat	Beds 1 B/R	Size 836 sqft	Avg Price AED 1.8M	Last Price AED 1.8M	Last Sold over 1 year ago	Sales 3

Units 8 units	Type Flat	Beds 2 B/R	Size 1,285 sqft	Avg Price AED 2.7M	Last Price AED 2.8M	Last Sold over 1 year ago	Sales 8

Units 119	Type Flat	Beds 2 B/R	Size 1,417 sqft	Avg Price AED 2.7M	Last Price AED 2.7M	Last Sold over 1 year ago	Sales 1

Units 6 units	Type Flat	Beds 2 B/R	Size 1,357 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold over 1 year ago	Sales 6

Units 104	Type Flat	Beds 2 B/R	Size 1,402 sqft	Avg Price AED 2.8M	Last Price AED 2.8M	Last Sold over 1 year ago	Sales 1

Units 113	Type Flat	Beds 2 B/R	Size 1,181 sqft	Avg Price AED 2.6M	Last Price AED 2.6M	Last Sold over 1 year ago	Sales 1

30 unique layouts covering 233 units