703, Marina Diamond Tower 1
Sold prices and rental history: sold twice, last in July 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Marina Diamond Tower 1
What is 703 worth today?
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Source: Dubai Land Department. Updated 10 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 719 sqft
- Floor
- 7th of 14
- Parking
- 82
- Developer
- Diamond Developers
- Completed
- 2006
- Service charge
- AED 13,600 /yr
- Last sold
- AED 650K · July 2022
- Building
- Marina Diamond Tower 1
About 703, Marina Diamond Tower 1
703 is a one-bedroom apartment of 719 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 July 2022 for AED 650,000, or AED 903 per sqft, 9% above the AED 829 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 10 September 2024, is AED 57,500 a year: a gross yield of 8.8% on the 2022 price, before the service charge of about AED 13,600 a year.
Sales and rents for 703 over time
703 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Marina Diamond Tower 1, and where 703 sits
All 47 1-beds →703 last sold in July 2022 at AED 903 per sqft, 9% above what one-beds in Marina Diamond Tower 1 were fetching at the time (AED 829). Over the last 12 months one-beds sold for AED 780,000 to 1,290,000, around AED 1,383 per sqft, and rent for AED 50,000 to 100,000 a year. 703's AED 57,500 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Oct 202627 October 2026 | 719 sqft | 780,000 | 1,084 | ||
| 14 Aug 202614 August 2026 | 719 sqft | 1,000,000 | 1,390 | ||
| 10 Jul 202610 July 2026 | 836 sqft | 1,200,000 | 1,435 | ||
| 26 Jun 202626 June 2026 | 719 sqft | 1,290,000 | 1,794 |
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 | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 983 sqft | AED 760KAED 760,000 · Oct 2012October 2012 | 72,000 /yr | |
| 702 | 2-bed | 983 sqft | AED 850KAED 850,000 · Feb 2010February 2010 | 71,000 /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 |
703, Marina Diamond Tower 1 in numbers
- Sold twice: first on 26 May 2008 for AED 444,700, last on 4 July 2022 for AED 650,000 (AED 903 per sqft).
- Rented since November 2014 on 8 Ejari contracts. The rent fell from AED 80,000 to AED 40,000 in 2020 and recovered to AED 57,500 by September 2024.
- At AED 57,500 a year the gross yield on the 2022 price is 8.8%, before a service charge of about AED 13,600 a year (AED 18.89 per sqft).
- One-beds in Marina Diamond Tower 1 sold for AED 780,000–1,290,000 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 10 September 2024.
Questions about 703, Marina Diamond Tower 1
What did unit 703 last sell for?
AED 650,000 on 4 July 2022: AED 903 per sqft for 719 sqft. The unit has 2 registered sales; the first was AED 444,700 in May 2008.
What is the rent for unit 703?
AED 57,500 a year on the contract renewed on 10 September 2024. The previous contract, from September 2023, was AED 50,000; the unit has been rented since November 2014.
How big is unit 703?
719 sqft (66.8 sqm): a one-bedroom apartment on the 7th floor of a 14-storey tower completed in 2006.
What is unit 703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina Diamond Tower 1 sold for AED 780,000 to 1,290,000 in the last 12 months, around AED 1,383 per sqft.
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Mortgage on 703, Marina Diamond Tower 1
Starts from the last sale price (AED 650K, 4 July 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →