Location: Dubailand

Imtiaz · DLRC
Cove Boulevard Offices
Connect for special pricing and payment terms.
- Handover
- Q2 2028
On this page
Quick navigation
Property
Cove Boulevard by Imtiaz Developers
Building profile: Cove Boulevard
Project Overview
- 2B + G + 4P + 30 + Rooftop
- 1 Tower - Mixed-use Configuration
- 287 Residential Units
Office Units: 149 units
Starting Prices: From AED 1,263,652.20
Payment Plan: 60/40 & 70/30
Handover: Q2 2028
Amenities
- Rooftop Infinity Pool with Skyline Views
- Zen Garden and Meditation Courtyard
- Indoor & Outdoor Fitness Zones for Male and Female
- Jacuzzi Lounge and Splash Pool for Kids
- Dedicated Yoga and Wellness Deck
- Rooftop BBQ Area with Alfresco Dining
- Clubhouse with Social Lounge & Co-working Corners
- Tranquil Water Features and Landscaped Terraces
- Multi-Purpose Outdoor Seating Pods
- Smart Access Lobbies and Grand Entrance Atrium
Views
- Dubai Skyline View
- Community Park View
- Dubailand Landscape View
Location
Cove Boulevard — DLRC, Dubai
Illustrative model
Scenario modeller
Set your own assumptions and see how Cove Boulevard Offices behaves as a cash purchase, the same purchase mortgaged, or a capital-only resale.
Enter the asking price to run the model.
Every figure recalculates as you type. Use the price you are considering.
Method
- 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.


