Palm JumeirahAED 3,627/sqftDubai Maritime CityAED 3,130/sqftDowntown DubaiAED 2,922/sqftDubai IslandsAED 2,751/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,563/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,436/sqftJumeirah Lakes TowersAED 2,271/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,046/sqftJumeirah Village TriangleAED 1,666/sqftDubai SouthAED 1,645/sqftArjanAED 1,596/sqftJumeirah Village CircleAED 1,507/sqftDubai Sports CityAED 1,331/sqftALL DLD SALES · OFF-PLAN + EXISTINGPalm JumeirahAED 3,627/sqftDubai Maritime CityAED 3,130/sqftDowntown DubaiAED 2,922/sqftDubai IslandsAED 2,751/sqftDubai Creek HarbourAED 2,567/sqftBusiness BayAED 2,563/sqftDubai MarinaAED 2,495/sqftDubai Hills EstateAED 2,436/sqftJumeirah Lakes TowersAED 2,271/sqftMohammed Bin Rashid CityAED 2,098/sqftAl JaddafAED 2,046/sqftJumeirah Village TriangleAED 1,666/sqftDubai SouthAED 1,645/sqftArjanAED 1,596/sqftJumeirah Village CircleAED 1,507/sqftDubai Sports CityAED 1,331/sqftALL DLD SALES · OFF-PLAN + EXISTING
DLD · MEDIAN 12M TO SEP 2026
Cove I & II Retail

Commercial Retail

Cove I & II Retail

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Property

Ellington Cove

Location: Dubai Islands (Exclusive beachfront location along the outer crescent with panoramic sea views and direct private beach access)

Project Overview

  • Premium beachfront residential and retail development

  • G + Multiple Levels across 4 Buildings

  • Total Units: TBC Residences

  • Retail Units: 3 Ground Floor F&B Units (Available for Sale)

  • Retail Spaces:  

    • Cove I – Tower A – Unit A-Retail 1: 1,695.85 sq. ft. – AED 8,818,828
    • Cove I – Tower A – Unit A-Retail 2: 4,498.35 sq. ft. – AED 23,391,828
    • Cove II – Tower A – Unit A-Retail 3: 5,597.23 sq. ft. – AED 29,105,828
  • Parking Allocation:  

    • Studio/1BR/2BR: 1 parking space
    • 3BR/4BR: 2 parking spaces
  • Elevators: TBC (Multiple high-speed lifts per building)

  • Ownership: Freehold

Retail Overview:

  • Starting Prices: From AED 5,200 PSF (Retail Shop)
  • Unit Sizes: From 1,695 to 5,597 sq. ft. (Retail)
  • Payment Plan: 60/40
  • Handover: Q3 2027

Amenities

  • Hospitality-inspired main lobby with architectural lighting, concierge, and curated communal zones
  • Beachfront clubhouse with walk-out access to the sand, separated lounge areas, and bookable event zones
  • Urban beach pool, garden pool, and leisure pool for resort-style aquatic experiences
  • Dedicated spa with hydrotherapy pool, massage chairs, and calming coastal-inspired interiors
  • State-of-the-art fitness studio with eco-conscious equipment and full-length glazing
  • Soundproof yoga studio with accessories, dimmable lights, and serene ambiance
  • Changing rooms with spa-quality wet zones, vanity stations, and hydrotherapy areas
  • Indoor kids’ play area with beach-themed décor, soft flooring, and natural light access
  • Retail promenade featuring cafes, fine dining, and boutique outlets for community convenience
  • High-quality materials and finishes throughout all public areas with original Ellington Art Foundation pieces

Views

  • North: Panoramic oceanfront and the Arabian Gulf
  • South: Dubai Islands greenery and skyline
  • East: Beachfront views with sunrise horizons
  • West: Sunset views across Dubai’s coastline

Illustrative model

Scenario modeller

Set your own assumptions and see how Cove I & II Retail behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.

Purchase

The price you are actually considering.

Drives the service charge only.

Rent and service charge both start here.

Holding & income

Your figure — we have not assumed one.

0% holds rent flat. It may be negative.

Your figure — we publish none. A month vacant plus re-letting time is roughly 8%, if that fits your building.

Your figure — we publish none. Letting fees and routine repairs.

Your figure — we publish none. Look your building up on Mollak — rates run AED 3 to AED 30+.

Acquisition costs

4% is the Dubai standard.

Buyer-side. 5% VAT added.

Your figure — we publish none. The trustee tariff is tiered and the admin lines vary by office; ask your trustee office for the total, and add your NOC and any legal quote.

Exit

1 to 40 years.

0% by default: we publish no price forecasts.

5% VAT added automatically.

Nothing to calculate yet

Enter the asking price to run the model.

Every figure recalculates as you type. Use the price you are actually considering.

How each figure is calculated
Handover
The date the unit is handed over, set in quarters from purchase. Gross rent, the vacancy allowance, maintenance and management, and the service charge all start there and not before — an unbuilt unit cannot be let and is not billed. The year handover falls in gets the exact fraction it is entitled to, not a rounded whole year. Capital growth is not treated this way: it compounds from today across the whole hold, because an off-plan unit can be sold before it completes. Where the holding period ends before handover, there is no operating income anywhere in the schedule and the whole return is capital movement less costs.
Gross yield
Gross annual rent ÷ purchase price. Before every cost. Where handover is in the future this is a stabilised full year from handover — a rate on the price, not a figure reduced by the construction period. The schedule shows what each year actually books.
Net yield
(Rent collected after the vacancy allowance − maintenance and management − service charge) ÷ purchase price. Stabilised on the same basis as the gross yield.
Rent growth
Compound annual movement in gross rent, applied from handover and stepping at each anniversary of it, which is when a tenancy renews. It may be negative. It does not touch the service charge, which is held flat in nominal terms.
ROI
Total profit over the whole hold ÷ total cash invested (price + all acquisition costs). Unlevered. Not an annual rate.
ROE
Total profit over the whole hold ÷ equity contributed (deposit + all acquisition and finance costs), after debt service. Levered. Not an annual rate.
Cash-on-cash return
Year-one operating cash flow, after debt service where there is a mortgage, ÷ cash invested. Reported separately from ROI/ROE and never merged with it. Year one means the first year of the schedule as it stands: where that year falls before handover it carries no rent, so on a mortgaged off-plan purchase the figure is negative — that is the year you fund out of pocket, and it is shown rather than smoothed away.
IRR
The annualised rate that discounts the dated cash-flow schedule above to a net present value of zero, solved numerically. Where the schedule has no sign change, or the solver does not converge on a single meaningful rate, we print “—” rather than substitute a simpler annualised-return figure.

An illustrative model, not a forecast, a valuation, an offer or investment advice. Every figure is generated from the assumptions on this page — some yours, the rest stated defaults, not promises. Rents, service charges, fees, vacancy, handover dates, financing terms and sale prices vary by unit and over time; past prices are not a guide to future prices. Returns are not guaranteed and capital is at risk.

Mortgage availability, loan-to-value, rate and term are subject to lender criteria and underwriting; nothing here indicates that finance will be offered. Figures exclude any tax payable in your country of residence — take independent financial, tax and legal advice before committing. Mitchell's Commercial Real Estate is a trading brand; the RERA-licensed broker is Stephen James Mitchell, BRN 68593.

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