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1-bed · 572 sqftMarina Diamond Tower 2, Dubai Marina · 5th floor · completed 2007

507, Marina Diamond Tower 2

Sold prices and rental history: sold twice, last in July 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 19 July 2020
Last soldAED 400K19 July 2020
Current rentAED 58K /yr31 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 507, Marina Diamond Tower 2

What is 507 worth today?

Last sold for AED 400,000 in 2020

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19 Jul 2020SoldReady
AED 400,000AED 699 per sqft
31 Dec 2017RentedNew contract
AED 58,000/yr12 months · AED 102 per sqft
27 Jan 2016RentedRenewal
AED 75,000/yr12 months · AED 131 per sqft
27 Jan 2015RentedNew contract
AED 75,000/yr12 months · AED 131 per sqft
16 Jul 2014RentedNew contract
AED 80,000/yr12 months · AED 140 per sqft
13 May 2013RentedNew contract
AED 65,000/yr12 months · AED 114 per sqft
1 Jul 2008Sold by developerReady
AED 405,727AED 709 per sqft

Source: Dubai Land Department. Updated 19 July 2020.

Key facts

Type
1-bed apartment
Size
572 sqft
Floor
5th of 15
Parking
53 B2
Developer
Diamond Developers
Completed
2007
Service charge
AED 10,500 /yr
Last sold
AED 400K · July 2020
Building
Marina Diamond Tower 2

About 507, Marina Diamond Tower 2

507 is a one-bedroom apartment of 572 sqft on the 5th floor of Marina Diamond Tower 2, a 15-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 19 July 2020 for AED 400,000, or AED 699 per sqft, 16% below the AED 833 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 31 December 2017, is AED 58,000 a year: a gross yield of 14.5% on the 2020 price, before the service charge of about AED 10,500 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical one-bed in Marina Diamond Tower 2
500K750K2008201320182023Typical sale price by year: 2008 AED 438,392; 2009 AED 444,574; 2010 AED 475,000; 2011 AED 525,000; 2012 AED 460,500; 2013 AED 670,000; 2014 AED 797,500; 2015 AED 770,000; 2016 AED 775,000; 2017 AED 785,000; 2018 AED 720,000; 2019 AED 500,000; 2020 AED 437,500; 2021 AED 510,000; 2022 AED 590,000; 2023 AED 705,000; 2024 AED 830,000; 2025 AED 900,000; 2026 AED 900,000Sold by developer, July 2008: AED 405,727 (AED 709 per sqft)Sold, July 2020: AED 400,000 (AED 699 per sqft)

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

Rents
Unit 507, each contractTypical one-bed in Marina Diamond Tower 2
40K60K80K2012201620202024Typical rent by year: 2012 AED 52,000; 2013 AED 60,000; 2014 AED 72,000; 2015 AED 75,000; 2016 AED 74,940; 2017 AED 68,000; 2018 AED 60,000; 2019 AED 50,000; 2020 AED 41,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 58,000; 2024 AED 70,000; 2025 AED 66,000; 2026 AED 64,000New contract, May 2013: AED 65,000 a yearNew contract, July 2014: AED 80,000 a yearNew contract, January 2015: AED 75,000 a yearRenewal, January 2016: AED 75,000 a yearNew contract, December 2017: AED 58,000 a year

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

1-beds in Marina Diamond Tower 2, and where 507 sits

All 128 1-beds →

507 last sold in July 2020 at AED 699 per sqft, 16% below what one-beds in Marina Diamond Tower 2 were fetching at the time (AED 833). Over the last 12 months one-beds sold for AED 750,000 to 1,100,000, around AED 1,372 per sqft, and rent for AED 50,000 to 116,500 a year. 507's AED 58,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Oct 2026774,230
21 Sep 2026853,000
21 Aug 2026750,000
13 Jul 2026765,000
10 1-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 5th floor

All 276 units in Marina Diamond Tower 2
Value
5012-bedAED 825K · Feb 2019
502StudioAED 540K · May 2018
5032-bedAED 900K · Apr 2023
5041-bedAED 800K · Oct 2013
505StudioAED 400K · Feb 2021
5061-bedAED 585K · Jan 2023
508StudioAED 310K · Apr 2011
1–7 of 17

507, Marina Diamond Tower 2 in numbers

  • Sold twice: first on 1 July 2008 for AED 405,727, last on 19 July 2020 for AED 400,000 (AED 699 per sqft).
  • Rented since May 2013 on 5 Ejari contracts, from AED 65,000 to AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2020 price is 14.5%, before a service charge of about AED 10,500 a year (AED 18.33 per sqft).
  • One-beds in Marina Diamond Tower 2 sold for AED 750,000–1,100,000 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 19 July 2020.

Questions about 507, Marina Diamond Tower 2

What did unit 507 last sell for?

AED 400,000 on 19 July 2020: AED 699 per sqft for 572 sqft. The unit has 2 registered sales; the first was AED 405,727 in July 2008.

What is the rent for unit 507?

AED 58,000 a year on the contract signed on 31 December 2017. The previous contract, from January 2016, was AED 75,000; the unit has been rented since May 2013.

How big is unit 507?

572 sqft (53.1 sqm): a one-bedroom apartment on the 5th floor of a 15-storey tower completed in 2007.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina Diamond Tower 2 sold for AED 750,000 to 1,100,000 in the last 12 months, around AED 1,372 per sqft.

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Mortgage on 507, Marina Diamond Tower 2

Starts from the last sale price (AED 400K, 19 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

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