708, Marina Diamond Tower 1
Sold prices and rental history: sold once, by the developer in February 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Marina Diamond Tower 1
What is 708 worth today?
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Source: Dubai Land Department. Updated 1 May 2023.
Key facts
- Type
- Studio apartment
- Size
- 363 sqft
- Floor
- 7th of 14
- Parking
- 162
- Developer
- Diamond Developers
- Completed
- 2006
- Service charge
- AED 6,900 /yr
- Last sold
- AED 239K · February 2014
- Building
- Marina Diamond Tower 1
About 708, Marina Diamond Tower 1
708 is a studio of 363 sqft on the 7th floor of Marina Diamond Tower 1, a 14-storey tower in Dubai Marina completed in 2006 by Diamond Developers. The developer sold it on 10 February 2014 for AED 238,967, or AED 658 per sqft, 51% below the AED 1,355 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 1 May 2023, is AED 45,000 a year: a gross yield of 18.8% on the 2014 price, before the service charge of about AED 6,900 a year.
Sales and rents for 708 over time
708 has sold once; the dashed line is the studio median of each year in the building.
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 708 sits
All 84 studios →708 last sold in February 2014 at AED 658 per sqft, 51% below what studios in Marina Diamond Tower 1 were fetching at the time (AED 1,355). 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. 708's AED 45,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Aug 20264 August 2026 | 385 sqft | 775,000 | 2,012 | ||
| 15 Jul 202615 July 2026 | 374 sqft | 715,000 | 1,911 | ||
| 5 Jun 20265 June 2026 | 363 sqft | 672,000 | 1,851 | ||
| 9 Oct 20259 October 2025 | 374 sqft | 660,000 | 1,764 |
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 | |
| 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 | |
| 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 |
708, Marina Diamond Tower 1 in numbers
- Sold once: by Diamond Developers on 10 February 2014 for AED 238,967, or AED 658 per sqft.
- Rented since July 2018 on 4 Ejari contracts. The rent fell from AED 43,000 to AED 28,000 in 2021 and recovered to AED 45,000 by May 2023.
- At AED 45,000 a year the gross yield on the 2014 price is 18.8%, 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 May 2023.
Questions about 708, Marina Diamond Tower 1
What did unit 708 last sell for?
AED 238,967 on 10 February 2014, sold by the developer: AED 658 per sqft for 363 sqft. It is the only registered sale of the unit.
What is the rent for unit 708?
AED 45,000 a year on the contract signed on 1 May 2023. The previous contract, from April 2021, was AED 28,000; the unit has been rented since July 2018.
How big is unit 708?
363 sqft (33.7 sqm): a studio on the 7th floor of a 14-storey tower completed in 2006.
What is unit 708 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 708, Marina Diamond Tower 1
Starts from the last sale price (AED 239K, 10 February 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 238,967
- Deposit, UAE resident (20%)
- AED 47,793
- Deposit, non-resident (40%)
- AED 95,587
- Monthly over 25 years at 3.7%
- AED 978
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →