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Studio · 438 sqftMarina Diamond Tower 2, Dubai Marina · 12th floor · completed 2007

1217, Marina Diamond Tower 2

Sold prices and rental history: sold 5 times, last in September 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1217 · DLD and Ejari recordsUpdated 2 September 2024
Last soldAED 700K2 September 2024
Current rentAED 48K /yr25 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1217, Marina Diamond Tower 2

What is 1217 worth today?

Last sold for AED 700,000 in 2024

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2 Sep 2024SoldReady
AED 700,000AED 1,598 per sqft
25 Mar 2023RentedNew contract
AED 48,000/yr12 months · AED 109 per sqft
15 Dec 2021RentedNew contract
AED 35,000/yr12 months · AED 79 per sqft
1 Dec 2020RentedNew contract
AED 32,000/yr12 months · AED 73 per sqft
29 Jul 2016RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
27 Oct 2015RentedRenewal
AED 65,000/yr12 months · AED 147 per sqft
27 Oct 2014RentedNew contract
AED 65,000/yr12 months · AED 147 per sqft
2 Jan 2014SoldReady
AED 675,000AED 1,541 per sqft

Source: Dubai Land Department. Updated 2 September 2024.

Key facts

Type
Studio apartment
Size
438 sqft
Floor
12th of 15
Parking
53 B1
Developer
Diamond Developers
Completed
2007
Service charge
AED 8,000 /yr
Last sold
AED 700K · September 2024
Building
Marina Diamond Tower 2

About 1217, Marina Diamond Tower 2

1217 is a studio of 438 sqft on the 12th floor of Marina Diamond Tower 2, a 15-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 2 September 2024 for AED 700,000, or AED 1,598 per sqft, 6% above the AED 1,507 studios in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 25 March 2023, is AED 48,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 8,000 a year.

Sales and rents for 1217 over time

Sales
Unit 1217, 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, August 2008: AED 331,667 (AED 757 per sqft)Sold, August 2009: AED 335,000 (AED 764 per sqft)Sold, July 2013: AED 600,000 (AED 1,369 per sqft)Sold, January 2014: AED 675,000 (AED 1,541 per sqft)Sold, September 2024: AED 700,000 (AED 1,598 per sqft)

1217 has sold 5 times; the dashed line is the studio median of each year in the building.

Rents
Unit 1217, 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, October 2014: AED 65,000 a yearRenewal, October 2015: AED 65,000 a yearNew contract, July 2016: AED 60,000 a yearNew contract, December 2020: AED 32,000 a yearNew contract, December 2021: AED 35,000 a yearNew contract, March 2023: AED 48,000 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 1217 sits

All 87 studios →

1217 last sold in September 2024 at AED 1,598 per sqft, 6% above what studios in Marina Diamond Tower 2 were fetching at the time (AED 1,507). 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. 1217's AED 48,000 is in the lower half 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 12th floor

All 276 units in Marina Diamond Tower 2
Value
12012-bedAED 1.18M · Oct 2023
1202StudioAED 325K · May 2012
12032-bedAED 626K · May 2008
12041-bedAED 468K · Jan 2014
1205StudioAED 465K · Dec 2008
12061-bedAED 900K · Aug 2025
12071-bedAED 428K · Nov 2008
1–7 of 17

1217, Marina Diamond Tower 2 in numbers

  • Sold 5 times: first on 31 August 2008 for AED 331,667, last on 2 September 2024 for AED 700,000 (AED 1,598 per sqft).
  • Rented since October 2014 on 6 Ejari contracts. The rent fell from AED 65,000 to AED 32,000 in 2020 and recovered to AED 48,000 by March 2023.
  • At AED 48,000 a year the gross yield on the 2024 price is 6.9%, 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 2 September 2024.

Questions about 1217, Marina Diamond Tower 2

What did unit 1217 last sell for?

AED 700,000 on 2 September 2024: AED 1,598 per sqft for 438 sqft. The unit has 5 registered sales; the first was AED 331,667 in August 2008.

What is the rent for unit 1217?

AED 48,000 a year on the contract signed on 25 March 2023. The previous contract, from December 2021, was AED 35,000; the unit has been rented since October 2014.

How big is unit 1217?

438 sqft (40.7 sqm): a studio on the 12th floor of a 15-storey tower completed in 2007.

What is unit 1217 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 1217, Marina Diamond Tower 2

Starts from the last sale price (AED 700K, 2 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 700,000
Deposit, UAE resident (20%)
AED 140,000
Deposit, non-resident (40%)
AED 280,000
Monthly over 25 years at 3.7%
AED 2,864

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