Ocean Cove

About the project

Ocean Cove is a two-building residential apartment development by Emaar Properties in Rashid Yachts & Marina, Dubai. The project contains 233 one-, two- and three-bedroom residences and is scheduled for handover in Q3 2028. Ocean Cove is active, with construction completion recorded at 17.93%.

The project and its setting

Ocean Cove forms part of Rashid Yachts & Marina, a waterfront destination combining residences with a full-service marina, promenade, restaurants and shops. The project consists of two buildings: Building 1 has a ground floor, nine upper floors and a roof, while Building 2 has a ground floor, seven upper floors and a roof. Together, the buildings contain 233 homes. The wider marina has 430 wet berths and can accommodate yachts up to 100 metres in length. Ocean Cove is positioned within a setting that includes the waterfront promenade, marina facilities, retail and dining venues, and views towards the sea and Burj Khalifa.

Apartments and layouts

Ocean Cove offers one-, two- and three-bedroom apartments. Apartment sizes range from 786 to 1,853 sq ft. The residences include open kitchens and private balconies, while larger homes include en-suite bathrooms. The apartments are planned with spacious interiors, wardrobe space and expansive balconies. The project’s 233-unit collection is divided between the two buildings, with 154 units in Building 1 and 79 units in Building 2. The available home types make Ocean Cove a residential development focused exclusively on apartments rather than a mix of apartments and villas or townhouses.

Amenities and shared spaces

Residents at Ocean Cove have access to an infinity pool, swimming pool, children’s pool, gym, fitness centre, gardens, sports facilities and children’s play area. The project also includes a waterfront promenade, retail outlets, restaurants, shops and dining options. Dubai’s longest canal pool is a feature of the development, providing a waterside shared leisure space. The marina setting adds access to a full-service marina and its 430 wet berths. A clinic is next to the property, and a school is within a short walk. Parking facilities are also included within the development.

Rashid Yachts & Marina location

Ocean Cove is located in Rashid Yachts & Marina, the reimagined Mina Rashid waterfront precinct on Dubai Creek. The area combines marina infrastructure, residential buildings, hospitality, retail, dining and promenade spaces. The QE2 is 0.7 km from Ocean Cove, while Dubai Heritage Village is 1.6 km away and Dubai Museum is 2.0 km away. Maritime City Park is 1.8 km from the project, and Zabeel Park is 2.9 km away. Vox Cinema at City Centre Shindagh is 1.2 km away. Downtown Dubai and Al Sabkha Gold Souq are each 22 minutes away, Dubai International Airport is 20 minutes away, and Dubai Marina is 32 minutes away.

Payment plan and handover

Apartments at Ocean Cove start from AED 1,760,000. The payment plan is structured as 80/20: 10% is due on booking, 70% is payable during construction through the first to seventh instalments, and the remaining 20% is due on handover. Handover is scheduled for Q3 2028. The recorded project completion date is 31 August 2028. Construction began on 28 October 2024. Ocean Cove is active, and its recorded construction completion ratio is 17.93%. The payment structure places 80% of the purchase price before handover and 20% at completion.

Developer

Ocean Cove is developed by Emaar Properties. Emaar Properties was founded in 1997. The company is also developing the wider Rashid Yachts & Marina waterfront destination, which combines residences with the marina, promenade, restaurants and shops. Ocean Cove is one of the residential projects within this marina precinct. The development’s location brings the project into a waterfront district defined by yacht berths, shared leisure facilities, retail and dining components, and the QE2 hotel and exhibition venue.

Dubai market as a whole: prices, transactions and trends (DLD data) →