−4% Ocean Cove Building 1
1 BR · Apartment · 1 bathroom
Price history
Listed since 7 October 2026. The price has been cut once — dates and figures from the listing itself.
- 8 October 2026 AED 2 200 000
- 13 October 2026 AED 2 100 000 -5%
About the building
Located in Rashid Yachts & Marina.
Specifications for Ocean Cove Building 1 per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
The pin is placed by project — accurate to the development, not the door.
Mina Rashid
The old Port Rashid, being converted by Emaar into a waterfront district with a superyacht marina and the QE2 in the harbour.
- central waterfront at a discount
- ten-year regeneration holds
- Emaar delivery
What to check: Check what is planned on the plots between your building and the water. In a phased waterfront masterplan, a front-row position today can become second row once the next phase completes.
Full district guide →Questions and answers about lot NP4-500123
How much is this 1-bedroom apartment in Ocean Cove Building 1?
Lot NP4-500123 is priced at AED 2 100 000, about $572 000. The size is 796 sq ft (74 m²), which works out at AED 2 638 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 2 200 000 to AED 2 100 000: AED 100 000 less, or 5%. It was cut once. On the market since 7 October 2026.
Is this expensive or cheap for Mina Rashid?
The database holds 21 lots in Mina Rashid, starting from AED 1 536 000. The area median is AED 2 177 per sq ft; this lot, at AED 2 638, is 21% above it. 14 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Mina Rashid area guide →Is the property ready or still under construction?
According to the listing, the property is still under construction; the seller gives no handover date — I will confirm it with the developer when you ask.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 84 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 2 100 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Ocean Cove Building 1?
The project has 154 units. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: bathrooms — 1.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP4-500123 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Ocean Cove Building 1
Reviews from the English YouTube channel — each one with a written breakdown on this site.
Nearby in Mina Rashid
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