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

1512, Marina Diamond Tower 2

Sold prices and rental history: sold once, by the developer in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1512 · DLD and Ejari recordsUpdated 30 September 2020
Last soldAED 606K31 December 2012
Current rentAED 47K /yr30 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1512, Marina Diamond Tower 2

What is 1512 worth today?

Last sold for AED 606,338 in 2012

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30 Sep 2020RentedNew contract
AED 47,000/yr12 months · AED 49 per sqft
15 Mar 2020RentedNew contract
AED 50,000/yr12 months · AED 52 per sqft
23 Feb 2015RentedNew contract
AED 105,000/yr12 months · AED 108 per sqft
1 Jul 2013RentedNew contract
AED 65,000/yr12 months · AED 67 per sqft
31 Dec 2012Sold by developerReady
AED 606,338AED 625 per sqft

Source: Dubai Land Department. Updated 30 September 2020.

Key facts

Type
2-bed apartment
Size
970 sqft
Floor
15th of 15
Parking
102 B1
Developer
Diamond Developers
Completed
2007
Service charge
AED 17,800 /yr
Last sold
AED 606K · December 2012
Building
Marina Diamond Tower 2

About 1512, Marina Diamond Tower 2

1512 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. The developer sold it on 31 December 2012 for AED 606,338, or AED 625 per sqft, 9% below the AED 690 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 30 September 2020, is AED 47,000 a year: a gross yield of 7.8% on the 2012 price, before the service charge of about AED 17,800 a year.

Sales and rents for 1512 over time

Sales
Unit 1512, 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, December 2012: AED 606,338 (AED 625 per sqft)

1512 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1512, each contractTypical two-bed in Marina Diamond Tower 2
50K100K20112015201920232027Typical 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 2013: AED 65,000 a yearNew contract, February 2015: AED 105,000 a yearNew contract, March 2020: AED 50,000 a yearNew contract, September 2020: AED 47,000 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 1512 sits

All 60 2-beds →

1512 last sold in December 2012 at AED 625 per sqft, 9% below what two-beds in Marina Diamond Tower 2 were fetching at the time (AED 690). 1512's AED 47,000 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
15012-bedAED 980K · Jul 2023
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
1–7 of 17

1512, Marina Diamond Tower 2 in numbers

  • Sold once: by Diamond Developers on 31 December 2012 for AED 606,338, or AED 625 per sqft.
  • Rented since July 2013 on 4 Ejari contracts, from AED 65,000 to AED 47,000 a year.
  • At AED 47,000 a year the gross yield on the 2012 price is 7.8%, before a service charge of about AED 17,800 a year (AED 18.33 per sqft).

Source: Dubai Land Department. Updated 30 September 2020.

Questions about 1512, Marina Diamond Tower 2

What did unit 1512 last sell for?

AED 606,338 on 31 December 2012, sold by the developer: AED 625 per sqft for 970 sqft. It is the only registered sale of the unit.

What is the rent for unit 1512?

AED 47,000 a year on the contract signed on 30 September 2020. The previous contract, from March 2020, was AED 50,000; the unit has been rented since July 2013.

How big is unit 1512?

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

What is unit 1512 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 1512, Marina Diamond Tower 2

Starts from the last sale price (AED 606K, 31 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 606,338
Deposit, UAE resident (20%)
AED 121,268
Deposit, non-resident (40%)
AED 242,535
Monthly over 25 years at 3.7%
AED 2,481

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