Studio · 385 sqftMarina Diamond Tower 1, Dubai Marina · 5th floor · completed 2006

510, Marina Diamond Tower 1

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 13 March 2023
Last soldAED 495K13 March 2023
Current rentAED 36K /yr1 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Marina Diamond Tower 1

What is 510 worth today?

Last sold for AED 495,000 in 2023

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13 Mar 2023SoldReady
AED 495,000AED 1,285 per sqft
1 Mar 2020RentedNew contract
AED 36,000/yr12 months · AED 93 per sqft
18 Oct 2018RentedNew contract
AED 40,000/yr12 months · AED 103 per sqft
1 Oct 2017RentedNew contract
AED 55,000/yr12 months · AED 142 per sqft
17 Jun 2016RentedRenewal
AED 60,000/yr12 months · AED 155 per sqft
17 Jun 2015RentedRenewal
AED 60,000/yr12 months · AED 155 per sqft
17 Jun 2014RentedNew contract
AED 60,000/yr12 months · AED 155 per sqft
6 Dec 2013RentedNew contract
AED 55,000/yr12 months · AED 142 per sqft

Source: Dubai Land Department. Updated 13 March 2023.

Key facts

Type
Studio apartment
Size
385 sqft
Floor
5th of 14
Parking
178
Developer
Diamond Developers
Completed
2006
Service charge
AED 7,300 /yr
Last sold
AED 495K · March 2023

About 510, Marina Diamond Tower 1

510 is a studio of 385 sqft on the 5th floor of Marina Diamond Tower 1, a 14-storey tower in Dubai Marina completed in 2006 by Diamond Developers. It last sold on 13 March 2023 for AED 495,000, or AED 1,285 per sqft, 4% below the AED 1,332 studios in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 March 2020, is AED 36,000 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 7,300 a year.

Sales and rents for 510 over time

Sales
Unit 510, 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, May 2008: AED 252,831 (AED 656 per sqft)Sold, March 2023: AED 495,000 (AED 1,285 per sqft)

510 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 510, 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, December 2013: AED 55,000 a yearNew contract, June 2014: AED 60,000 a yearRenewal, June 2015: AED 60,000 a yearRenewal, June 2016: AED 60,000 a yearNew contract, October 2017: AED 55,000 a yearNew contract, October 2018: AED 40,000 a yearNew contract, March 2020: AED 36,000 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 510 sits

All 84 studios →

510 last sold in March 2023 at AED 1,285 per sqft, 4% below what studios in Marina Diamond Tower 1 were fetching at the time (AED 1,332). 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. 510's AED 36,000 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

510, Marina Diamond Tower 1 in numbers

  • Sold twice: first on 26 May 2008 for AED 252,831, last on 13 March 2023 for AED 495,000 (AED 1,285 per sqft).
  • Rented since December 2013 on 7 Ejari contracts, from AED 55,000 to AED 36,000 a year.
  • At AED 36,000 a year the gross yield on the 2023 price is 7.3%, before a service charge of about AED 7,300 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 13 March 2023.

Questions about 510, Marina Diamond Tower 1

What did unit 510 last sell for?

AED 495,000 on 13 March 2023: AED 1,285 per sqft for 385 sqft. The unit has 2 registered sales; the first was AED 252,831 in May 2008.

What is the rent for unit 510?

AED 36,000 a year on the contract signed on 1 March 2020. The previous contract, from October 2018, was AED 40,000; the unit has been rented since December 2013.

How big is unit 510?

385 sqft (35.8 sqm): a studio on the 5th floor of a 14-storey tower completed in 2006.

What is unit 510 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 510, Marina Diamond Tower 1

Starts from the last sale price (AED 495K, 13 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 495,000
Deposit, UAE resident (20%)
AED 99,000
Deposit, non-resident (40%)
AED 198,000
Monthly over 25 years at 3.7%
AED 2,025

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