701, Marina Diamond Tower 1
Sold prices and rental history: sold twice, last in October 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Marina Diamond Tower 1
What is 701 worth today?
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Source: Dubai Land Department. Updated 1 March 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 983 sqft
- Floor
- 7th of 14
- Parking
- 33
- Developer
- Diamond Developers
- Completed
- 2006
- Service charge
- AED 18,600 /yr
- Last sold
- AED 760K · October 2012
- Building
- Marina Diamond Tower 1
About 701, Marina Diamond Tower 1
701 is a two-bedroom apartment of 983 sqft on the 7th floor of Marina Diamond Tower 1, a 14-storey tower in Dubai Marina completed in 2006 by Diamond Developers. It last sold on 4 October 2012 for AED 760,000, or AED 773 per sqft, 11% above the AED 696 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 March 2020, is AED 72,000 a year: a gross yield of 9.5% on the 2012 price, before the service charge of about AED 18,600 a year.
Sales and rents for 701 over time
701 has sold twice; 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 701 sits
All 52 2-beds →701 last sold in October 2012 at AED 773 per sqft, 11% above what two-beds in Marina Diamond Tower 1 were fetching at the time (AED 696). 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. 701's AED 72,000 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 7th floor
All 183 units in Marina Diamond Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 983 sqft | AED 850KAED 850,000 · Feb 2010February 2010 | 71,000 /yr | |
| 703 | 1-bed | 719 sqft | AED 650KAED 650,000 · Jul 2022July 2022 | 57,500 /yr | |
| 704 | 1-bed | 836 sqft | AED 1MAED 1,000,000 · Apr 2015April 2015 | ||
| 705 | 1-bed | 789 sqft | AED 1MAED 1,000,000 · Mar 2024March 2024 | 58,000 /yr | |
| 706 | 2-bed | 983 sqft | AED 900KAED 900,000 · Oct 2018October 2018 | 80,000 /yr | |
| 707 | 2-bed | 983 sqft | AED 788KAED 787,568 · Aug 2021August 2021 | 90,000 /yr | |
| 708 | Studio | 363 sqft | AED 239KAED 238,967 · Feb 2014February 2014 | 45,000 /yr | |
| 709 | Studio | 374 sqft | AED 850KAED 850,000 · Oct 2008October 2008 | 48,000 /yr | |
| 710 | Studio | 385 sqft | AED 350KAED 350,000 · Mar 2021March 2021 | 50,000 /yr | |
| 711 | Studio | 385 sqft | AED 350KAED 350,000 · Mar 2021March 2021 | 47,250 /yr | |
| 712 | Studio | 379 sqft | AED 246KAED 246,275 · Oct 2008October 2008 | 53,130 /yr | |
| 713 | Studio | 368 sqft | AED 375KAED 375,000 · Mar 2021March 2021 | 62,000 /yr |
701, Marina Diamond Tower 1 in numbers
- Sold twice: first on 5 June 2008 for AED 547,040, last on 4 October 2012 for AED 760,000 (AED 773 per sqft).
- Rented since October 2013 on 7 Ejari contracts, from AED 97,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2012 price is 9.5%, 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 1 March 2020.
Questions about 701, Marina Diamond Tower 1
What did unit 701 last sell for?
AED 760,000 on 4 October 2012: AED 773 per sqft for 983 sqft. The unit has 2 registered sales; the first was AED 547,040 in June 2008.
What is the rent for unit 701?
AED 72,000 a year on the contract renewed on 1 March 2020. The previous contract, from March 2019, was AED 76,000; the unit has been rented since October 2013.
How big is unit 701?
983 sqft (91.3 sqm): a two-bedroom apartment on the 7th floor of a 14-storey tower completed in 2006.
What is unit 701 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 701, Marina Diamond Tower 1
Starts from the last sale price (AED 760K, 4 October 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 760,000
- Deposit, UAE resident (20%)
- AED 152,000
- Deposit, non-resident (40%)
- AED 304,000
- Monthly over 25 years at 3.7%
- AED 3,109
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →