2-bed · 970 sqftMarina Diamond Tower 2, Dubai Marina · 15th floor · completed 2007

1501, Marina Diamond Tower 2

Sold prices and rental history: sold 3 times, last in July 2023, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 12 July 2023
Last soldAED 980K12 July 2023
Current rentAED 58K /yr12 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1501, Marina Diamond Tower 2

What is 1501 worth today?

Last sold for AED 980,000 in 2023

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12 Jul 2023SoldReady
AED 980,000AED 1,010 per sqft
12 Dec 2020RentedNew contract
AED 58,000/yr12 months · AED 60 per sqft
27 Oct 2017RentedNew contract
AED 90,000/yr12 months · AED 93 per sqft
29 Apr 2014SoldReady
AED 1,300,000AED 1,340 per sqft
1 Apr 2013Sold by developerReady
AED 616,039AED 635 per sqft
1 Jul 2012RentedNew contract
AED 60,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 12 July 2023.

Key facts

Type
2-bed apartment
Size
970 sqft
Floor
15th of 15
Parking
65 B2
Developer
Diamond Developers
Completed
2007
Service charge
AED 17,800 /yr
Last sold
AED 980K · July 2023

About 1501, Marina Diamond Tower 2

1501 is a two-bedroom apartment of 970 sqft on the 15th floor of Marina Diamond Tower 2, a 15-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 12 July 2023 for AED 980,000, or AED 1,010 per sqft, 8% above the AED 934 two-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 12 December 2020, is AED 58,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 17,800 a year.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical two-bed in Marina Diamond Tower 2
500K1M2008201320182023Typical sale price by year: 2008 AED 610,457; 2009 AED 614,905; 2010 AED 722,500; 2011 AED 644,236; 2012 AED 670,000; 2013 AED 920,000; 2014 AED 1,250,000; 2015 AED 1,030,000; 2016 AED 962,500; 2017 AED 1,062,500; 2018 AED 850,000; 2019 AED 760,000; 2021 AED 750,000; 2023 AED 925,000; 2024 AED 1,075,000; 2025 AED 1,250,000Sold by developer, April 2013: AED 616,039 (AED 635 per sqft)Sold, April 2014: AED 1,300,000 (AED 1,340 per sqft)Sold, July 2023: AED 980,000 (AED 1,010 per sqft)

1501 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1501, each contractTypical two-bed in Marina Diamond Tower 2
50K75K100K20112015201920232027Typical rent by year: 2011 AED 70,000; 2012 AED 65,000; 2013 AED 70,000; 2014 AED 90,000; 2015 AED 100,000; 2016 AED 90,000; 2017 AED 90,000; 2018 AED 75,500; 2019 AED 65,000; 2020 AED 58,000; 2021 AED 52,000; 2022 AED 66,800; 2023 AED 80,000; 2024 AED 95,000; 2025 AED 100,000; 2026 AED 93,500New contract, July 2012: AED 60,000 a yearNew contract, October 2017: AED 90,000 a yearNew contract, December 2020: AED 58,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Marina Diamond Tower 2, and where 1501 sits

All 60 2-beds →

1501 last sold in July 2023 at AED 1,010 per sqft, 8% above what two-beds in Marina Diamond Tower 2 were fetching at the time (AED 934). 1501's AED 58,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Oct 20251,330,000
18 Sep 20251,100,000
9 Sep 20251,257,068
3 Sep 20251,295,527
0 2-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 15th floor

All 276 units in Marina Diamond Tower 2
Value
1502StudioAED 580K · Apr 2023
15032-bedAED 760K · Mar 2019
15041-bedAED 455K · Oct 2008
1505StudioAED 500K · Jul 2022
15061-bedAED 565K · Nov 2022
15071-bedAED 770K · Sep 2024
1508StudioAED 650K · Oct 2026
1–7 of 17

1501, Marina Diamond Tower 2 in numbers

  • Sold 3 times: first on 1 April 2013 for AED 616,039, last on 12 July 2023 for AED 980,000 (AED 1,010 per sqft).
  • Rented since July 2012 on 3 Ejari contracts, from AED 60,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 17,800 a year (AED 18.33 per sqft).

Source: Dubai Land Department. Updated 12 July 2023.

Questions about 1501, Marina Diamond Tower 2

What did unit 1501 last sell for?

AED 980,000 on 12 July 2023: AED 1,010 per sqft for 970 sqft. The unit has 3 registered sales; the first was AED 616,039 in April 2013.

What is the rent for unit 1501?

AED 58,000 a year on the contract signed on 12 December 2020. The previous contract, from October 2017, was AED 90,000; the unit has been rented since July 2012.

How big is unit 1501?

970 sqft (90.1 sqm): a two-bedroom apartment on the 15th floor of a 15-storey tower completed in 2007.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1501, Marina Diamond Tower 2

Starts from the last sale price (AED 980K, 12 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 980,000
Deposit, UAE resident (20%)
AED 196,000
Deposit, non-resident (40%)
AED 392,000
Monthly over 25 years at 3.7%
AED 4,009

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