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Studio · 438 sqftMarina Diamond Tower 2, Dubai Marina · 10th floor · completed 2007

1017, Marina Diamond Tower 2

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1017 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 550K11 December 2023
Current rentAED 42K /yr17 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1017, Marina Diamond Tower 2

What is 1017 worth today?

Last sold for AED 550,000 in 2023

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11 Dec 2023SoldReady
AED 550,000AED 1,255 per sqft
17 Jul 2023RentedRenewal
AED 41,800/yr12 months · AED 95 per sqft
17 Jul 2022RentedRenewal
AED 38,000/yr12 months · AED 87 per sqft
17 Jul 2021RentedNew contract
AED 32,000/yr12 months · AED 73 per sqft
18 Oct 2020RentedNew contract
AED 30,000/yr12 months · AED 68 per sqft
3 Apr 2019RentedRenewal
AED 45,000/yr12 months · AED 102 per sqft
20 Oct 2017RentedNew contract
AED 50,000/yr12 months · AED 113 per sqft
25 Jul 2016RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
10th of 15
Parking
17 B1
Developer
Diamond Developers
Completed
2007
Service charge
AED 8,000 /yr
Last sold
AED 550K · December 2023
Building
Marina Diamond Tower 2

About 1017, Marina Diamond Tower 2

1017 is a studio of 438 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 11 December 2023 for AED 550,000, or AED 1,255 per sqft, in line with the AED 1,255 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 17 July 2023, is AED 41,800 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 8,000 a year.

Sales and rents for 1017 over time

Sales
Unit 1017, each saleTypical studio in Marina Diamond Tower 2
400K600K2008201320182023Typical sale price by year: 2008 AED 324,119; 2009 AED 379,328; 2010 AED 401,035; 2011 AED 336,000; 2012 AED 430,000; 2013 AED 520,000; 2014 AED 675,000; 2015 AED 682,500; 2017 AED 650,000; 2018 AED 530,000; 2019 AED 482,500; 2021 AED 390,000; 2022 AED 490,000; 2023 AED 535,000; 2024 AED 650,000; 2025 AED 700,000; 2026 AED 650,000Sold by developer, July 2008: AED 313,086 (AED 714 per sqft)Sold, August 2015: AED 685,000 (AED 1,563 per sqft)Sold, December 2023: AED 550,000 (AED 1,255 per sqft)

1017 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1017, each contractTypical studio in Marina Diamond Tower 2
40K60K2012201620202024Typical rent by year: 2012 AED 41,000; 2013 AED 50,000; 2014 AED 62,000; 2015 AED 63,000; 2016 AED 60,000; 2017 AED 55,000; 2018 AED 48,000; 2019 AED 42,000; 2020 AED 31,000; 2021 AED 31,625; 2022 AED 38,000; 2023 AED 45,540; 2024 AED 55,000; 2025 AED 56,000; 2026 AED 54,000New contract, December 2014: AED 67,000 a yearNew contract, December 2015: AED 67,000 a yearNew contract, July 2016: AED 60,000 a yearNew contract, October 2017: AED 50,000 a yearRenewal, April 2019: AED 45,000 a yearNew contract, October 2020: AED 30,000 a yearNew contract, July 2021: AED 32,000 a yearRenewal, July 2022: AED 38,000 a yearRenewal, July 2023: AED 41,800 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 2, and where 1017 sits

All 87 studios →

1017 last sold in December 2023 at AED 1,255 per sqft, in line with what studios in Marina Diamond Tower 2 were fetching at the time (AED 1,255). Over the last 12 months studios sold for AED 650,000 to 700,000, around AED 1,621 per sqft, and rent for AED 44,000 to 70,000 a year. 1017's AED 41,800 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
6 Oct 2026650,000
11 Mar 2026700,000
6 Jan 2026650,000
30 Jul 2025700,000
3 studio 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

1017, Marina Diamond Tower 2 in numbers

  • Sold 3 times: first on 9 July 2008 for AED 313,086, last on 11 December 2023 for AED 550,000 (AED 1,255 per sqft).
  • Rented since December 2014 on 9 Ejari contracts. The rent fell from AED 67,000 to AED 30,000 in 2020 and recovered to AED 41,800 by July 2023.
  • At AED 41,800 a year the gross yield on the 2023 price is 7.6%, before a service charge of about AED 8,000 a year (AED 18.33 per sqft).
  • Studios in Marina Diamond Tower 2 sold for AED 650,000–700,000 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 11 December 2023.

Questions about 1017, Marina Diamond Tower 2

What did unit 1017 last sell for?

AED 550,000 on 11 December 2023: AED 1,255 per sqft for 438 sqft. The unit has 3 registered sales; the first was AED 313,086 in July 2008.

What is the rent for unit 1017?

AED 41,800 a year on the contract renewed on 17 July 2023. The previous contract, from July 2022, was AED 38,000; the unit has been rented since December 2014.

How big is unit 1017?

438 sqft (40.7 sqm): a studio on the 10th floor of a 15-storey tower completed in 2007.

What is unit 1017 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 2 sold for AED 650,000 to 700,000 in the last 12 months, around AED 1,621 per sqft.

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Mortgage on 1017, Marina Diamond Tower 2

Starts from the last sale price (AED 550K, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 550,000
Deposit, UAE resident (20%)
AED 110,000
Deposit, non-resident (40%)
AED 220,000
Monthly over 25 years at 3.7%
AED 2,250

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