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Studio · 363 sqftMarina Diamond Tower 1, Dubai Marina · 5th floor · completed 2006

508, Marina Diamond Tower 1

Sold prices and rental history: sold once, by the developer in July 2008, and rented once, from October 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 508 · DLD and Ejari recordsUpdated 1 October 2021
Last soldAED 425K6 July 2008
Current rentAED 28K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 508, Marina Diamond Tower 1

What is 508 worth today?

Last sold for AED 425,000 in 2008

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1 Oct 2021RentedNew contract
AED 28,000/yr12 months · AED 77 per sqft
6 Jul 2008Sold by developerReady
AED 425,000AED 1,170 per sqft

Source: Dubai Land Department. Updated 1 October 2021.

Key facts

Type
Studio apartment
Size
363 sqft
Floor
5th of 14
Parking
174
Developer
Diamond Developers
Completed
2006
Service charge
AED 6,900 /yr
Last sold
AED 425K · July 2008
Building
Marina Diamond Tower 1

About 508, Marina Diamond Tower 1

508 is a studio of 363 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 6 July 2008 for AED 425,000, or AED 1,170 per sqft, 75% above the AED 669 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 October 2021. The current contract, signed on 1 October 2021, is AED 28,000 a year: a gross yield of 6.6% on the 2008 price, before the service charge of about AED 6,900 a year.

Sales and rents for 508 over time

Sales
Unit 508, each saleTypical studio in Marina Diamond Tower 1
250K500K750K2008201320182023Typical sale price by year: 2008 AED 258,616; 2009 AED 341,950; 2010 AED 280,000; 2011 AED 290,000; 2012 AED 388,000; 2013 AED 505,000; 2014 AED 600,000; 2015 AED 445,000; 2016 AED 600,000; 2017 AED 650,000; 2018 AED 537,500; 2019 AED 475,000; 2020 AED 395,000; 2021 AED 377,500; 2022 AED 435,000; 2023 AED 530,000; 2024 AED 659,500; 2025 AED 707,500; 2026 AED 715,000Sold by developer, July 2008: AED 425,000 (AED 1,170 per sqft)

508 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 508, each contractTypical studio in Marina Diamond Tower 1
40K60K2012201620202024Typical rent by year: 2012 AED 39,500; 2013 AED 45,000; 2014 AED 55,000; 2015 AED 60,000; 2016 AED 60,000; 2017 AED 55,000; 2018 AED 47,500; 2019 AED 40,000; 2020 AED 31,000; 2021 AED 30,000; 2022 AED 38,000; 2023 AED 45,000; 2024 AED 55,000; 2025 AED 57,000; 2026 AED 50,080New contract, October 2021: AED 28,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Marina Diamond Tower 1, and where 508 sits

All 84 studios →

508 last sold in July 2008 at AED 1,170 per sqft, 75% above what studios in Marina Diamond Tower 1 were fetching at the time (AED 669). Over the last 12 months studios sold for AED 672,000 to 775,000, around AED 1,911 per sqft, and rent for AED 26,000 to 75,000 a year. 508's AED 28,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
4 Aug 2026775,000
15 Jul 2026715,000
5 Jun 2026672,000
9 Oct 2025660,000
3 studio sales 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
5072-bedAED 560K · Jul 2008
1–7 of 12

508, Marina Diamond Tower 1 in numbers

  • Sold once: by Diamond Developers on 6 July 2008 for AED 425,000, or AED 1,170 per sqft.
  • Rented since October 2021 on one Ejari contract, at AED 28,000 a year.
  • At AED 28,000 a year the gross yield on the 2008 price is 6.6%, before a service charge of about AED 6,900 a year (AED 18.89 per sqft).
  • Studios in Marina Diamond Tower 1 sold for AED 672,000–775,000 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 October 2021.

Questions about 508, Marina Diamond Tower 1

What did unit 508 last sell for?

AED 425,000 on 6 July 2008, sold by the developer: AED 1,170 per sqft for 363 sqft. It is the only registered sale of the unit.

What is the rent for unit 508?

AED 28,000 a year on the contract signed on 1 October 2021.

How big is unit 508?

363 sqft (33.7 sqm): a studio on the 5th floor of a 14-storey tower completed in 2006.

What is unit 508 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Marina Diamond Tower 1 sold for AED 672,000 to 775,000 in the last 12 months, around AED 1,911 per sqft.

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Mortgage on 508, Marina Diamond Tower 1

Starts from the last sale price (AED 425K, 6 July 2008). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

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