Project details

Starting price AED 650,000 ≈ € 156,000 What will my monthly payments be?

Payment plan 60/40 60% during construction, 40% at handover

Handover Q2 2027 Handover soon

Bedrooms Studio

About Cove Edition 5

Luxury apartments in the sought-after Dubailand Residence Complex
Modern studios and 1- and 2-bedroom apartments starting from 34.56 m²
Premium amenities including private jacuzzis and smart home technology
Beautifully landscaped green spaces and panoramic views
Favourable payment plan with only 30% due on completion in Q2 2027

Cove Edition 5 at Dubai Land Residence Complex (DLRC): Luxury homes by Imtiaz

Cove Edition 5 is the fifth phase project by the renowned developer Imtiaz Developments in the Dubai Land Residence Complex. This residential complex embodies timeless luxury with carefully designed living spaces that perfectly balance functionality and aesthetics. The project comprises 132 studios and 66 one- or two-bedroom apartments, ranging from 34.56 to 121.42 m². The residences are fully finished with high-quality materials and feature advanced smart home systems from reputable brands such as Teka and Vitra. The building has 11 storeys and is distinguished by its architectural masterpiece with ornate facades and spacious, landscaped balconies. Residents can enjoy exclusive amenities including a clubhouse, fitness centre, and a rooftop garden with a swimming pool. With completion planned for the second quarter of 2027, this project offers a unique opportunity to invest in a growing location in Dubai with a starting price of just AED 675,000.

Residences and Types

Cove Edition 5 offers three different residence types designed for diverse lifestyles. The compact studios start from 34.56 m² and are ideal for individuals or young couples. These feature smart space solutions and high-quality finishes. The 1-bedroom apartments offer more living space and are perfect for small families, with open kitchens and spacious living areas. The most exclusive options are the 2-bedroom apartments, up to 121.42 m², with generous terraces and often a private jacuzzi. All units have large windows that provide natural light and stunning views over the green landscape or the city. The interiors are finished in neutral, timeless tones with high-quality materials. Notable are the integrated smart home systems, allowing residents to easily control lighting, temperature, and security via voice commands or an app.

About the developer Imtiaz and the Cove Edition 5 design

With Cove Edition 5, Imtiaz Developments has once again affirmed its reputation as a leading developer in Dubai. The company is known for its attention to detail and quality, which is clearly visible in this project. The building consists of a ground floor and eleven storeys with an architecture that combines modern minimalist lines with functional elements. The facade is carefully designed with a mix of materials that are both sustainable and aesthetically responsible. Inside, one finds common areas designed with comfort and social interaction in mind. The clubhouse provides space for relaxation with lounges and games, while the fitness centre is equipped with modern apparatus. On the roof is an oasis of calm with a swimming pool surrounded by palm trees and green zones. Imtiaz Developments guarantees high construction quality and always delivers on time, as evidenced by their impressive portfolio of successful projects throughout Dubai.

Prime location in Dubai Land Residence Complex (DLRC) near key Dubai destinations

Dubai Land Residence Complex (DLRC) is one of the most sought-after residential locations in Dubai, known for its green environment and family-oriented amenities. The neighbourhood combines tranquillity with excellent accessibility to key points in the city. The area boasts excellent schools, medical facilities, and shopping centres within a short distance. For recreation, there are numerous parks and walking paths in the immediate vicinity. The complex is strategically located close to major traffic arteries such as Sheikh Mohammed Bin Zayed Road, making Dubai city centre reachable within 20 minutes. The airport is also easily accessible. In the near future, new infrastructure projects will further improve accessibility. The area is known for its safety and international community, making it an ideal place for expatriates and investors. Furthermore, the location benefits from the strong capital growth characteristic of this part of Dubai.

Flexible payment plan for Cove Edition 5 homes

The payment plan for Cove Edition 5 is specially designed to offer investors and buyers maximum flexibility. Only 70% of the purchase price is due during the construction phase, spread across various instalments linked to construction milestones. The remaining 30% is only due upon final completion in the second quarter of 2027. This model provides buyers with the opportunity to spread their investment without having to pay the full sum immediately. The starting price of AED 675,000 for a studio makes this project particularly accessible for those new to the Dubai real estate market. Potential buyers often act in a timely manner, as historically, prices in this area increase significantly as the completion date approaches. Please feel free to contact us for a detailed breakdown of the payment schedule.

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Payment plan for Cove Edition 5

60%40%

60%

During construction, in instalments

AED 390,000

≈ € 94,000

40%

After handover

AED 260,000

≈ € 62,000

Percentages are based on the starting price and are indicative. The developer determines the exact instalments. Please contact us for more information about the payment plans.

Monthly payments and your own funds

How much do you need for Cove Edition 5, and what will your monthly payments be if you finance part of the price at handover?

Do you live in the UAE? No, non-resident Yes, UAE resident

Purchase price AED 650,000 Finance at handover 40% Maximum 40%: 40% is due at handover, and banks generally finance no more than 50% for non-residents. Interest rate 3.6% Term 25 years

Monthly payments after handover

AED 1,316

≈ € 320 per month

Maximum mortgage in your situation: 50% of the purchase price

Your funds during constructionin instalments according to the payment plan: AED 390,000≈ € 93,600
Your funds at handover: AED 0≈ € 0
Mortgage at handover: AED 260,000≈ € 62,400
Purchase costs4% DLD fee and mortgage costs: AED 30,120≈ € 7,200
Total funds required: AED 420,120≈ € 100,800

Request finance guidance for Cove Edition 5

How does a mortgage work for off-plan property in Dubai?

You use your own funds during construction. You pay the payment plan instalments from your own funds. A mortgage is usually arranged only at handover, for the amount still outstanding at that point. Some banks provide finance earlier, but the UAE Central Bank sets a 50% maximum for off-plan property.

Situation (UAE resident)	Maximum mortgage
First home up to AED 5m	80%
First home above AED 5m	70%
Second home or investment	60%
Off-plan, before handover	50%

Non-resident? These maximums do not automatically apply. Banks use their own, usually stricter, rules for foreign buyers. If you live abroad, expect to contribute more of your own funds.

Income matters. In principle, your total monthly debt repayments may not exceed 50% of your gross monthly income, and the mortgage may not exceed 7 times your annual income. The maximum term is 25 years.

Borrow more after handover? If the property is worth more than your purchase price at handover, a bank may sometimes provide additional finance based on the valuation through equity release. This requires a separate discussion with an adviser.

An estimate, not advice or an offer. Statutory maximums are no guarantee. Income, debts, age, employer and credit profile determine what a bank will actually lend.

About Imtiaz Developments

Imtiaz has an impressive portfolio of off-plan real estate projects in Dubai, ranging from luxury residential towers to mixed-use developments with retail and hospitality facilities. These projects are located in popular areas such as Downtown Dubai, Dubai Marina, and Business Bay, where demand for high-quality real estate continues to grow. One of the current off-plan projects is Imtiaz Heights, a modern residential tower with apartments ranging from 60 m2 to 180 m2, priced from AED 1,200,000.

Additionally, there is Imtiaz Bay, a waterfront development with views of the Arabian Gulf. By investing in an off-plan project from Imtiaz, you can benefit from favourable payment plans and early price advantages. For a complete overview of all available projects, please contact us.

All projects by Imtiaz Developments