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2-bed · 983 sqftMarina Diamond Tower 1, Dubai Marina · 5th floor · completed 2006

507, Marina Diamond Tower 1

Sold prices and rental history: sold once, by the developer in July 2008, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 3 July 2008
Last soldAED 560K3 July 2008
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Marina Diamond Tower 1

What is 507 worth today?

Last sold for AED 560,303 in 2008

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3 Jul 2008Sold by developerReady
AED 560,303AED 570 per sqft

Source: Dubai Land Department. Updated 3 July 2008.

Key facts

Type
2-bed apartment
Size
983 sqft
Floor
5th of 14
Parking
44
Developer
Diamond Developers
Completed
2006
Service charge
AED 18,600 /yr
Last sold
AED 560K · July 2008
Building
Marina Diamond Tower 1

About 507, Marina Diamond Tower 1

507 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 3 July 2008 for AED 560,303, or AED 570 per sqft, 4% below the AED 594 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical two-bed in Marina Diamond Tower 1
500K1M2008201320182023Typical sale price by year: 2008 AED 584,145; 2009 AED 584,400; 2010 AED 635,000; 2011 AED 595,828; 2012 AED 720,000; 2013 AED 700,000; 2014 AED 1,192,500; 2015 AED 1,187,500; 2016 AED 1,050,000; 2017 AED 1,000,000; 2018 AED 990,000; 2021 AED 758,784; 2022 AED 925,000; 2023 AED 1,165,000; 2024 AED 1,225,000Sold by developer, July 2008: AED 560,303 (AED 570 per sqft)

507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 507, each contractTypical two-bed in Marina Diamond Tower 1
50K75K100K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 80,000; 2014 AED 85,500; 2015 AED 105,000; 2016 AED 101,000; 2017 AED 95,000; 2018 AED 85,000; 2019 AED 72,000; 2020 AED 60,000; 2021 AED 55,000; 2022 AED 66,000; 2023 AED 88,000; 2024 AED 98,500; 2025 AED 100,000; 2026 AED 97,500

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 507 sits

All 52 2-beds →

507 last sold in July 2008 at AED 570 per sqft, 4% below what two-beds in Marina Diamond Tower 1 were fetching at the time (AED 594). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
14 May 20261,310,000
28 Jul 20251,285,000
15 Jan 20251,225,000
23 Dec 20241,220,000
1 2-bed sale in the last 12 months

Marina Diamond Tower 1

Building

183 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%
Marina Diamond Tower 1, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 183 units in Marina Diamond Tower 1
Value
5012-bedAED 561K · May 2008
5022-bedAED 1M · Nov 2022
5031-bedAED 820K · Aug 2017
5041-bedAED 965K · Dec 2024
5051-bedAED 377K · Jul 2008
5062-bedAED 590K · Jul 2008
508StudioAED 425K · Jul 2008
1–7 of 12

507, Marina Diamond Tower 1 in numbers

  • Sold once: by Diamond Developers on 3 July 2008 for AED 560,303, or AED 570 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 3 July 2008.

Questions about 507, Marina Diamond Tower 1

What did unit 507 last sell for?

AED 560,303 on 3 July 2008, sold by the developer: AED 570 per sqft for 983 sqft. It is the only registered sale of the unit.

How big is unit 507?

983 sqft (91.3 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2006.

What is unit 507 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.

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Mortgage on 507, Marina Diamond Tower 1

Starts from the last sale price (AED 560K, 3 July 2008). Switch to today's estimate once you have unlocked it.
Price
AED 560,303
Deposit, UAE resident (20%)
AED 112,061
Deposit, non-resident (40%)
AED 224,121
Monthly over 25 years at 3.7%
AED 2,292

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →