2-bed · 963 sqftMarina Diamond Tower 2, Dubai Marina · 3rd floor · completed 2007

312, Marina Diamond Tower 2

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 1M5 December 2023
Current rentAED 95K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 312, Marina Diamond Tower 2

What is 312 worth today?

Last sold for AED 1,000,000 in 2023

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1 Feb 2024RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
1 Feb 2024RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
5 Dec 2023SoldReady
AED 1,000,000AED 1,038 per sqft
1 Apr 2017RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
20 Feb 2015RentedNew contract
AED 110,000/yr12 months · AED 115 per sqft
9 Jul 2008Sold by developerReady
AED 552,000AED 573 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
2-bed apartment
Size
963 sqft
Floor
3rd of 15
Parking
32 B2
Developer
Diamond Developers
Completed
2007
Service charge
AED 17,700 /yr
Last sold
AED 1M · December 2023

About 312, Marina Diamond Tower 2

312 is a two-bedroom apartment of 963 sqft on the 3rd floor of Marina Diamond Tower 2, a 15-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 5 December 2023 for AED 1,000,000, or AED 1,038 per sqft, 8% above the AED 960 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 February 2024, is AED 95,000 a year: a gross yield of 9.5% on the 2023 price, before the service charge of about AED 17,700 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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, July 2008: AED 552,000 (AED 573 per sqft)Sold, December 2023: AED 1,000,000 (AED 1,038 per sqft)

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

Rents
Unit 312, 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, February 2015: AED 110,000 a yearNew contract, April 2017: AED 95,000 a yearNew contract, February 2024: AED 95,000 a yearNew contract, February 2024: AED 95,000 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 312 sits

All 60 2-beds →

312 last sold in December 2023 at AED 1,038 per sqft, 8% above what two-beds in Marina Diamond Tower 2 were fetching at the time (AED 960). 312's AED 95,000 is in the lower half 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 3rd floor

All 276 units in Marina Diamond Tower 2
Value
3012-bedAED 1.1M · Aug 2024
302StudioAED 690K · Feb 2014
3032-bedAED 616K · Jan 2011
3041-bedAED 495K · Sep 2021
305StudioAED 630K · Feb 2024
3061-bedAED 850K · May 2023
3071-bedAED 600K · Sep 2013
1–7 of 17

312, Marina Diamond Tower 2 in numbers

  • Sold twice: first on 9 July 2008 for AED 552,000, last on 5 December 2023 for AED 1,000,000 (AED 1,038 per sqft).
  • Rented since February 2015 on 4 Ejari contracts, from AED 110,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 9.5%, before a service charge of about AED 17,700 a year (AED 18.33 per sqft).

Source: Dubai Land Department. Updated 1 February 2024.

Questions about 312, Marina Diamond Tower 2

What did unit 312 last sell for?

AED 1,000,000 on 5 December 2023: AED 1,038 per sqft for 963 sqft. The unit has 2 registered sales; the first was AED 552,000 in July 2008.

What is the rent for unit 312?

AED 95,000 a year on the contract signed on 1 February 2024. The previous contract, from February 2024, was AED 95,000; the unit has been rented since February 2015.

How big is unit 312?

963 sqft (89.5 sqm): a two-bedroom apartment on the 3rd floor of a 15-storey tower completed in 2007.

What is unit 312 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 312, Marina Diamond Tower 2

Starts from the last sale price (AED 1M, 5 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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