Cove Living Residence by Imtiaz developments is an off-plan residential tower in Dubai Land Residence Complex (DLRC).
The 37-storey development offers studios, executive studios, one-bedroom and two-bedroom apartments. Prices start from around AED 580,000, giving investors a relatively low entry point into Dubai's residential market.
The project is relevant to yield-focused investors because DLRC combines lower property prices with access to established rental demand.
Cove also offers premium features and a post-handover payment option. This creates a potential 6.5% to 8% gross rental yield case when the purchase price and achieved rent support the target. The yield is an investment estimate, not a guaranteed return.
The Low Entry-Price Advantage
Rental yield is calculated as:
Gross rental yield = (Annual rent ÷ Purchase price) × 100
Standard studios at Cove Living Residence start at around AED 580,000 to AED 600,000 based on current listings. This low entry point can support a stronger yield when compared with higher-priced Dubai markets.
For example, a AED 600,000 studio generating AED 48,000 in annual rent would produce an 8% gross yield.
This shows why the entry price matters. The same rental income produces a higher percentage return when the purchase price is lower.
Prime areas such as Downtown Dubai and Dubai Marina have higher property prices. This can make an 8% gross yield harder to achieve without stronger rental income.
DLRC Rental Demand
Cove Living Residence is located in Wadi Al Safa 5 within DLRC (Dubai Land Residence Complex). The area benefits from its proximity to Dubai Silicon Oasis and Academic City.
This creates a broad potential tenant base. It includes:
- Technology and office professionals
- University students
- Academic staff
- Young couples
The location also provides access to major destinations such as Global Village and Al Maktoum International Airport.
For investors, the main advantage is the combination of lower property prices and a wide rental market. This supports the case for targeting a 6.5% to 8% gross yield.
The 60/40 Post-Handover Payment Plan
Cove Living Residence offers a payment structure that spreads part of the purchase cost beyond handover.
The 30% post-handover balance over 36 months is important for investors focused on cash flow.
For a hypothetical AED 600,000 purchase, the remaining 30% would equal AED 180,000, or about AED 5,000 per month over 36 months.
At an 8% gross yield, the same property would generate around AED 48,000 in annual rent, or AED 4,000 per month before costs.
This means rental income could help fund part of the post-handover balance. However, investors must account for service charges, vacancy and other ownership costs.
The main benefit is lower upfront capital pressure, rather than a direct increase in rental yield.
Why Cove Living Can Target 6.5%–8% Gross Yield
The investment case rests on four connected factors:
- Low entry price keeps the purchase cost relatively low.
- DLRC rental demand provides access to several tenant groups.
- Premium amenities can help support competitive rents.
- Post-handover payments improve capital flexibility after completion.
At AED 600,000, an 8% gross yield requires AED 48,000 in annual rent. At AED 580,000, it requires around AED 46,400.
This makes the achieved rent the key number to watch. Investors should compare Cove Living with similar studio rents in DLRC before relying on the 8% target.
Final Verdict
Cove Living Residence by Imtiaz has a strong case for investors targeting 6.5% to 8% gross rental yields.
Its low entry price provides the base for the yield strategy. DLRC adds a broad tenant market, while premium amenities can support rental demand. The 36-month post-handover plan also spreads part of the purchase cost after completion.
The 8% figure should be treated as a target based on purchase price and achievable rent, not a guaranteed return.
With handover targeted for 2027, investors should check the latest unit prices, floor plans, payment schedule and comparable DLRC rents before making a purchase decision.