Nakheel .(P J S C)'s Wadi Al Safa 5 project — here's what the Dubai Land Department numbers say.
Nakheel .(P J S C) is the developer of record for Cove Grand Residence by Imtiaz
Pricing benchmark: AED 966 per sq ft in Wadi Al Safa 5
Off-plan / in-progress — mortgage typically unavailable below 60–80% completion
Typical ticket size clears the AED 2M Golden Visa threshold
Sikandar assessment — not financial advice. Derived from DLD registry data and comparable area analysis.
Units
538
Completion
0%
Area avg / sq ft
AED 966
Gross yield
—
Area
Wadi Al Safa 5
Developer
Nakheel .(P J S C)
Completion date
—
Master development
—
Sourced from the Dubai Land Department transaction registry. The DLD does not publish unit-level transactions against individual project IDs, so these are area comparables for Wadi Al Safa 5 — the pricing pool Cove Grand Residence by Imtiaz trades within.
DLD comparables for Wadi Al Safa 5 are being refreshed. Request the investor brief below for the current transaction pack.
Source: Dubai Land Department transaction registry, synced 2026-08-12. Averages cover all registered sale procedures in the area and are not adjusted for unit quality, floor or view.
Benchmark entry
AED 2,103,614
Gross rental / yr
—
Net rental / yr
—
Villa benchmark
—
Provisional — indicative only. Gross and net yields are area-level figures from Sikandar's pricing model; net deducts service charges, a vacancy allowance and management overhead. Actual returns vary by unit.
Explore Wadi Al Safa 5 area intelligence →| Scenario | Down payment | Loan | Monthly EMI |
|---|---|---|---|
| NRI (25% down) | AED 525,903 | AED 1,577,710 | AED 8,769 |
| UAE Resident (20% down) | AED 420,723 | AED 1,682,891 | AED 9,354 |
| Cash Buyer | AED 2,103,614 | — | — |
Off-plan note: UAE lenders generally require 60–80% construction completion before releasing mortgage funds. Until then, developer payment plans apply.
Registered with the Dubai Land Department since 10-0. Other projects from this developer:
Nakheel .(P J S C) profile →13,485 registered buildings and 36,629 registered transactions in the DLD registry for this area.
Wadi Al Safa 5 area guide →Includes payment plan, available inventory, comparable transaction data and Sikandar's risk assessment.
Cove Grand Residence by Imtiaz is a Nakheel .(P J S C) development in Wadi Al Safa 5 of around 538 units, currently recorded at 0% construction completion. Registered sales in Wadi Al Safa 5 average AED 966 per square foot, which is the pricing pool any unit here trades within — a more reliable anchor than launch brochures.
From a returns perspective, Wadi Al Safa 5 yield depends heavily on unit type and handover timing. Investors comparing this against alternatives should review our 2026 ROI rankings and model their own scenario in the Investment Simulator.
As an in-progress project, Cove Grand Residence by Imtiaz suits investors with a 3–7 year horizon who are comfortable with handover risk in exchange for developer payment plans and pre-completion pricing. Typical ticket sizes here clear the AED 2M Golden Visa threshold, which matters for non-resident buyers structuring residency. See the Golden Visa property guide for the residency pathway.
Cove Grand Residence by Imtiaz sits in Wadi Al Safa 5, where the Dubai Land Department has registered 36,629 transactions at an average of AED 966 per sq ft. Nakheel .(P J S C) is the developer of record, and the project is currently under construction. Suitability depends on whether you are buying for yield or capital growth — use the figures below rather than launch marketing.
Unit-level rental data for Cove Grand Residence by Imtiaz is not yet published. Yields in Wadi Al Safa 5 should be modelled from comparable registered sales and rental contracts — request the investor brief for the current working numbers.
Yes. Benchmark prices here sit above the AED 2M property threshold, so a qualifying unit at Cove Grand Residence by Imtiaz would support a 10-year renewable Golden Visa for the buyer and immediate family. Eligibility is assessed on the individual title deed value, not the project average.
Cove Grand Residence by Imtiaz is developed by Nakheel .(P J S C). The project comprises around 538 units. Construction is recorded at 0% complete.
This is an off-plan or in-progress project, so handover timing, escrow milestones and mortgage availability (most lenders require 60–80% completion) are the primary risks. Area-level supply in Wadi Al Safa 5 and the developer's delivery record should both be checked before committing. All figures on this page are indicative and not financial advice.
Send me your budget and timeline and I will come back with the current payment plan, the realistic net yield after DLD fees and service charges, and whether Cove Grand Residence by Imtiaz beats the alternatives in Wadi Al Safa 5.
Syed Sikandar · RERA Broker Card #75044 · No spam, no listing blast — one considered reply.
Data on this page is compiled by Syed Sikandar (RERA #75044), a Dubai-licensed real estate broker with 5 years of market experience. Cove Grand Residence by Imtiaz figures are compiled from the Dubai Land Department project and transaction registries for Wadi Al Safa 5. Scores are provisional pending DLD API integration. Last updated: 12 August 2026.
Disclaimer: All financial figures, yields and appreciation estimates on this page are provisional and indicative only. They are based on Dubai Land Department public records, comparable area analysis and Sikandar's methodology. Actual returns may vary. This is not financial advice. Always conduct independent due diligence before making investment decisions.
RERA #75044 · Source: Dubai Land Department registry · © Sikandar.ae 2026