Ocean Cove in Mina Rashid
Ocean Cove · Mina Rashid, Dubai
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Launch Price
AED 1.76M
Property Type
Apartment
Bedrooms
1 - 3 Beds
Payment Plan
10/70/20
Handover
Q3 2028
Projected Yield
5.3 to 7.4%
Ocean Cove is bringing 1 - 3 beds off-plan apartments to Mina Rashid in Dubai, priced from AED 1.76M. A 10% booking payment secures the unit. Construction-phase instalments total 70%, with the remaining 20% due at handover scheduled for Q3 2028. The regenerating coastline here supports both short and long-term rental demand, reflected in projected gross yields in the 5.3 to 7.4% range. MonthlyDubai sends personalised shortlists to WhatsApp within 48 hours. Free to use, no agency commission involved.
Payment Plan Breakdown
From AED 41,067/month during construction · No mortgage required
| Phase | % | Split | Amount |
|---|---|---|---|
| On Booking | 10% | AED 176,000 Due on signing SPA |
|
| During Construction | 70% | AED 41,067/mo 30 monthly instalments |
|
| On Handover | 20% | AED 352,000 Due at Q3 2028 |
|
| Total | AED 1,760,000 | ||
On Booking
10%
AED 176,000
Due on signing SPA
During Construction
70%
AED 41,067/mo
30 monthly instalments
On Handover
20%
AED 352,000
Due at Q3 2028
Total
100%
AED 1,760,000
Questions about Ocean Cove
What payment plan does Ocean Cove offer?
Ocean Cove uses a 10/70/20 payment plan. Buyers pay 10% at booking, with the remaining spread across construction and handover in Q3 2028.
Can I buy this project without a mortgage?
Yes. Dubai off-plan developer payment plans do not require bank approval or a mortgage. You pay instalments directly to the developer on a fixed schedule through to handover.
Is this project registered with RERA?
MonthlyDubai only matches buyers with RERA-registered off-plan projects. All funds are held in government-supervised escrow accounts and released only as construction milestones are verified.
How do I find out if this fits my monthly budget?
Use the form on this page. Enter your monthly instalment capacity and WhatsApp number, and the MonthlyDubai team will confirm whether Ocean Cove fits your budget and send you comparable alternatives.
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