505, Marina Diamond Tower 1
Sold prices and rental history: sold once, by the developer in July 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Marina Diamond Tower 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 789 sqft
- Floor
- 5th of 14
- Parking
- 90
- Developer
- Diamond Developers
- Completed
- 2006
- Service charge
- AED 14,900 /yr
- Last sold
- AED 377K · July 2008
- Building
- Marina Diamond Tower 1
About 505, Marina Diamond Tower 1
505 is a one-bedroom apartment of 789 sqft on the 5th floor of Marina Diamond Tower 1, a 14-storey tower in Dubai Marina completed in 2006 by Diamond Developers. The developer sold it on 13 July 2008 for AED 377,475, or AED 478 per sqft, 24% below the AED 629 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 60,000 a year: a gross yield of 15.9% on the 2008 price, before the service charge of about AED 14,900 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Marina Diamond Tower 1, and where 505 sits
All 47 1-beds →505 last sold in July 2008 at AED 478 per sqft, 24% below what one-beds in Marina Diamond Tower 1 were fetching at the time (AED 629). Over the last 12 months one-beds sold for AED 780,000 to 1,290,000, around AED 1,383 per sqft, and rent for AED 50,000 to 100,000 a year. 505's AED 60,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Oct 202627 October 2026 | 719 sqft | 780,000 | 1,084 | ||
| 14 Aug 202614 August 2026 | 719 sqft | 1,000,000 | 1,390 | ||
| 10 Jul 202610 July 2026 | 836 sqft | 1,200,000 | 1,435 | ||
| 26 Jun 202626 June 2026 | 719 sqft | 1,290,000 | 1,794 |
Marina Diamond Tower 1
Building183 apartments, studios to 2-bed over 14 floors in Dubai Marina, completed in 2006 by Diamond Developers. 10 sold in the last 12 months.
- Typical price per sqft
- AED 1,413 Down 9.1%
- Typical sale
- AED 995K
- Typical rent
- AED 58K /yr
- Typical yield
- 9.1%
Other units on the 5th floor
All 183 units in Marina Diamond Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 983 sqft | AED 561KAED 560,870 · May 2008May 2008 | 80,359 /yr | |
| 502 | 2-bed | 983 sqft | AED 1MAED 1,000,000 · Nov 2022November 2022 | 100,000 /yr | |
| 503 | 1-bed | 719 sqft | AED 820KAED 820,000 · Aug 2017August 2017 | 62,000 /yr | |
| 504 | 1-bed | 836 sqft | AED 965KAED 965,000 · Dec 2024December 2024 | 80,000 /yr | |
| 506 | 2-bed | 983 sqft | AED 590KAED 590,106 · Jul 2008July 2008 | 70,000 /yr | |
| 507 | 2-bed | 983 sqft | AED 560KAED 560,303 · Jul 2008July 2008 | ||
| 508 | Studio | 363 sqft | AED 425KAED 425,000 · Jul 2008July 2008 | 28,000 /yr | |
| 509 | Studio | 374 sqft | AED 475KAED 475,000 · Jun 2008June 2008 | 56,000 /yr | |
| 510 | Studio | 385 sqft | AED 495KAED 495,000 · Mar 2023March 2023 | 36,000 /yr | |
| 511 | Studio | 385 sqft | AED 435KAED 435,000 · Oct 2022October 2022 | 60,000 /yr | |
| 512 | Studio | 379 sqft | AED 610KAED 610,000 · Nov 2023November 2023 | 68,000 /yr | |
| 513 | Studio | 184 sqft | AED 376KAED 376,000 · Nov 2023November 2023 | 58,000 /yr |
505, Marina Diamond Tower 1 in numbers
- Sold once: by Diamond Developers on 13 July 2008 for AED 377,475, or AED 478 per sqft.
- Rented since May 2015 on 8 Ejari contracts. The rent fell from AED 70,000 to AED 45,000 in 2021 and recovered to AED 60,000 by May 2024.
- At AED 60,000 a year the gross yield on the 2008 price is 15.9%, before a service charge of about AED 14,900 a year (AED 18.89 per sqft).
- One-beds in Marina Diamond Tower 1 sold for AED 780,000–1,290,000 in the 12 months to November 2026; the building's median across all types is AED 1,413 per sqft.
Source: Dubai Land Department. Updated 1 May 2024.
Questions about 505, Marina Diamond Tower 1
What did unit 505 last sell for?
AED 377,475 on 13 July 2008, sold by the developer: AED 478 per sqft for 789 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 60,000 a year on the contract renewed on 1 May 2024. The previous contract, from May 2024, was AED 60,000; the unit has been rented since May 2015.
How big is unit 505?
789 sqft (73.3 sqm): a one-bedroom apartment on the 5th floor of a 14-storey tower completed in 2006.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina Diamond Tower 1 sold for AED 780,000 to 1,290,000 in the last 12 months, around AED 1,383 per sqft.
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Mortgage on 505, Marina Diamond Tower 1
Starts from the last sale price (AED 377K, 13 July 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 377,475
- Deposit, UAE resident (20%)
- AED 75,495
- Deposit, non-resident (40%)
- AED 150,990
- Monthly over 25 years at 3.7%
- AED 1,544
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →