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1-bed · 589 sqftMarina Diamond Tower 2, Dubai Marina · 10th floor · completed 2007

1016, Marina Diamond Tower 2

Sold prices and rental history: sold twice, last in August 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1016 · DLD and Ejari recordsUpdated 1 March 2023
Last soldAED 825K6 August 2008
Current rentAED 60K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1016, Marina Diamond Tower 2

What is 1016 worth today?

Last sold for AED 824,600 in 2008

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1 Mar 2023RentedNew contract
AED 60,000/yr12 months · AED 102 per sqft
1 Mar 2022RentedNew contract
AED 45,000/yr12 months · AED 76 per sqft
1 Jul 2021RentedRenewal
AED 36,000/yr12 months · AED 62 per sqft
1 Jul 2020RentedRenewal
AED 41,000/yr12 months · AED 71 per sqft
1 Jul 2019RentedNew contract
AED 45,000/yr12 months · AED 76 per sqft
10 Aug 2018RentedRenewal
AED 55,000/yr12 months · AED 93 per sqft
10 Aug 2017RentedNew contract
AED 55,000/yr12 months · AED 93 per sqft
27 Jun 2016RentedNew contract
AED 54,000/yr12 months · AED 91 per sqft

Source: Dubai Land Department. Updated 1 March 2023.

Key facts

Type
1-bed apartment
Size
589 sqft
Floor
10th of 15
Parking
16 B1
Developer
Diamond Developers
Completed
2007
Service charge
AED 10,800 /yr
Last sold
AED 825K · August 2008
Building
Marina Diamond Tower 2

About 1016, Marina Diamond Tower 2

1016 is a one-bedroom apartment of 589 sqft on the 10th floor of Marina Diamond Tower 2, a 15-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 6 August 2008 for AED 824,600, or AED 1,399 per sqft, 100% above the AED 700 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 1 March 2023, is AED 60,000 a year: a gross yield of 7.3% on the 2008 price, before the service charge of about AED 10,800 a year.

Sales and rents for 1016 over time

Sales
Unit 1016, each saleTypical one-bed in Marina Diamond Tower 2
500K750K2008201320182023Typical sale price by year: 2008 AED 438,392; 2009 AED 444,574; 2010 AED 475,000; 2011 AED 525,000; 2012 AED 460,500; 2013 AED 670,000; 2014 AED 797,500; 2015 AED 770,000; 2016 AED 775,000; 2017 AED 785,000; 2018 AED 720,000; 2019 AED 500,000; 2020 AED 437,500; 2021 AED 510,000; 2022 AED 590,000; 2023 AED 705,000; 2024 AED 830,000; 2025 AED 900,000; 2026 AED 900,000Sold by developer, July 2008: AED 425,256 (AED 721 per sqft)Sold, August 2008: AED 824,600 (AED 1,399 per sqft)

1016 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1016, each contractTypical one-bed in Marina Diamond Tower 2
40K60K80K2012201620202024Typical rent by year: 2012 AED 52,000; 2013 AED 60,000; 2014 AED 72,000; 2015 AED 75,000; 2016 AED 74,940; 2017 AED 68,000; 2018 AED 60,000; 2019 AED 50,000; 2020 AED 41,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 58,000; 2024 AED 70,000; 2025 AED 66,000; 2026 AED 64,000New contract, June 2015: AED 65,000 a yearNew contract, June 2016: AED 54,000 a yearNew contract, August 2017: AED 55,000 a yearRenewal, August 2018: AED 55,000 a yearNew contract, July 2019: AED 45,000 a yearRenewal, July 2020: AED 41,000 a yearRenewal, July 2021: AED 36,000 a yearNew contract, March 2022: AED 45,000 a yearNew contract, March 2023: AED 60,000 a year

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 2, and where 1016 sits

All 128 1-beds →

1016 last sold in August 2008 at AED 1,399 per sqft, 100% above what one-beds in Marina Diamond Tower 2 were fetching at the time (AED 700). Over the last 12 months one-beds sold for AED 750,000 to 1,100,000, around AED 1,372 per sqft, and rent for AED 50,000 to 116,500 a year. 1016's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Oct 2026774,230
21 Sep 2026853,000
21 Aug 2026750,000
13 Jul 2026765,000
10 1-bed sales in the last 12 months

Marina Diamond Tower 2

Building

276 apartments, studios to 2-bed over 15 floors in Dubai Marina, completed in 2007 by Diamond Developers. 13 sold in the last 12 months.

Typical price per sqft
AED 1,553 Up 9.6%
Typical sale
AED 853K
Typical rent
AED 64K /yr
Typical yield
7.3%
Marina Diamond Tower 2, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 276 units in Marina Diamond Tower 2
Value
10012-bedAED 617K · Oct 2009
1002StudioAED 400K · Feb 2010
10032-bedAED 1.16M · Oct 2023
10041-bedAED 461K · Jul 2008
1005StudioAED 308K · Aug 2008
10061-bedAED 372K · Oct 2008
10071-bedAED 510K · Jan 2021
1–7 of 17

1016, Marina Diamond Tower 2 in numbers

  • Sold twice: first on 1 July 2008 for AED 425,256, last on 6 August 2008 for AED 824,600 (AED 1,399 per sqft).
  • Rented since June 2015 on 9 Ejari contracts. The rent fell from AED 65,000 to AED 36,000 in 2021 and recovered to AED 60,000 by March 2023.
  • At AED 60,000 a year the gross yield on the 2008 price is 7.3%, before a service charge of about AED 10,800 a year (AED 18.33 per sqft).
  • One-beds in Marina Diamond Tower 2 sold for AED 750,000–1,100,000 in the 12 months to November 2026; the building's median across all types is AED 1,553 per sqft.

Source: Dubai Land Department. Updated 1 March 2023.

Questions about 1016, Marina Diamond Tower 2

What did unit 1016 last sell for?

AED 824,600 on 6 August 2008: AED 1,399 per sqft for 589 sqft. The unit has 2 registered sales; the first was AED 425,256 in July 2008.

What is the rent for unit 1016?

AED 60,000 a year on the contract signed on 1 March 2023. The previous contract, from March 2022, was AED 45,000; the unit has been rented since June 2015.

How big is unit 1016?

589 sqft (54.7 sqm): a one-bedroom apartment on the 10th floor of a 15-storey tower completed in 2007.

What is unit 1016 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 2 sold for AED 750,000 to 1,100,000 in the last 12 months, around AED 1,372 per sqft.

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Mortgage on 1016, Marina Diamond Tower 2

Starts from the last sale price (AED 825K, 6 August 2008). Switch to today's estimate once you have unlocked it.
Price
AED 824,600
Deposit, UAE resident (20%)
AED 164,920
Deposit, non-resident (40%)
AED 329,840
Monthly over 25 years at 3.7%
AED 3,374

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