506, 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 506, Marina Diamond Tower 1
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 October 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 983 sqft
- Floor
- 5th of 14
- Parking
- 43
- Developer
- Diamond Developers
- Completed
- 2006
- Service charge
- AED 18,600 /yr
- Last sold
- AED 590K · July 2008
- Building
- Marina Diamond Tower 1
About 506, Marina Diamond Tower 1
506 is a two-bedroom apartment of 983 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 10 July 2008 for AED 590,106, or AED 600 per sqft, in line with the AED 591 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 5 October 2019, is AED 70,000 a year: a gross yield of 11.9% on the 2008 price, before the service charge of about AED 18,600 a year.
Sales and rents for 506 over time
506 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Marina Diamond Tower 1, and where 506 sits
All 52 2-beds →506 last sold in July 2008 at AED 600 per sqft, in line with what two-beds in Marina Diamond Tower 1 were fetching at the time (AED 591). Over the last 12 months two-beds sold for AED 1,310,000, around AED 1,332 per sqft, and rent for AED 75,000 to 130,000 a year. 506's AED 70,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 May 202614 May 2026 | 983 sqft | 1,310,000 | 1,332 | ||
| 28 Jul 202528 July 2025 | 983 sqft | 1,285,000 | 1,307 | ||
| 15 Jan 202515 January 2025 | 983 sqft | 1,225,000 | 1,246 | ||
| 23 Dec 202423 December 2024 | 1,135 sqft | 1,220,000 | 1,074 |
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 | |
| 505 | 1-bed | 789 sqft | AED 377KAED 377,475 · Jul 2008July 2008 | 60,000 /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 |
506, Marina Diamond Tower 1 in numbers
- Sold once: by Diamond Developers on 10 July 2008 for AED 590,106, or AED 600 per sqft.
- Rented since January 2015 on 4 Ejari contracts, from AED 115,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2008 price is 11.9%, before a service charge of about AED 18,600 a year (AED 18.89 per sqft).
- Two-beds in Marina Diamond Tower 1 sold for AED 1,310,000–1,310,000 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 5 October 2019.
Questions about 506, Marina Diamond Tower 1
What did unit 506 last sell for?
AED 590,106 on 10 July 2008, sold by the developer: AED 600 per sqft for 983 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 70,000 a year on the contract signed on 5 October 2019. The previous contract, from May 2017, was AED 100,000; the unit has been rented since January 2015.
How big is unit 506?
983 sqft (91.3 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2006.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Diamond Tower 1 sold for AED 1,310,000 to 1,310,000 in the last 12 months, around AED 1,332 per sqft.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Marina Diamond Tower 1
Starts from the last sale price (AED 590K, 10 July 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 590,106
- Deposit, UAE resident (20%)
- AED 118,021
- Deposit, non-resident (40%)
- AED 236,042
- Monthly over 25 years at 3.7%
- AED 2,414
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →