2-bed · 1,031 sqftMarina Diamond Tower 4, Dubai Marina · 7th floor · completed 2010

702, Marina Diamond Tower 4

Sold prices and rental history: sold once, by the developer in June 2008, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 1 June 2022
Last soldAED 902K9 June 2008
Current rentAED 80K /yr1 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 702, Marina Diamond Tower 4

What is 702 worth today?

Last sold for AED 902,125 in 2008

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1 Jun 2022RentedNew contract
AED 80,000/yr12 months · AED 77 per sqft
8 Jun 2020RentedNew contract
AED 60,000/yr14 months · AED 58 per sqft
30 Sep 2018RentedRenewal
AED 100,000/yr12 months · AED 97 per sqft
30 Sep 2017RentedRenewal
AED 105,000/yr12 months · AED 102 per sqft
30 Sep 2016RentedNew contract
AED 105,000/yr12 months · AED 102 per sqft
9 Jun 2008Sold by developerReady
AED 902,125AED 875 per sqft

Source: Dubai Land Department. Updated 1 June 2022.

Key facts

Type
2-bed apartment
Size
1,031 sqft
Floor
7th of 19
Parking
54 B1
Developer
Diamond Developers
Completed
2010
Service charge
AED 16,200 /yr
Last sold
AED 902K · June 2008

About 702, Marina Diamond Tower 4

702 is a two-bedroom apartment of 1,031 sqft on the 7th floor of Marina Diamond Tower 4, a 19-storey tower in Dubai Marina completed in 2010 by Diamond Developers. The developer sold it on 9 June 2008 for AED 902,125, or AED 875 per sqft, in line with the AED 874 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 1 June 2022, is AED 80,000 a year: a gross yield of 8.9% on the 2008 price, before the service charge of about AED 16,200 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical two-bed in Marina Diamond Tower 4
1M1.5M2008201320182023Typical sale price by year: 2008 AED 910,910; 2009 AED 891,815; 2010 AED 863,425; 2011 AED 900,000; 2012 AED 754,167; 2013 AED 1,008,000; 2014 AED 1,040,132; 2015 AED 1,375,000; 2016 AED 1,350,000; 2017 AED 1,237,500; 2018 AED 950,000; 2019 AED 850,000; 2020 AED 760,000; 2021 AED 877,500; 2022 AED 1,100,000; 2023 AED 1,210,000; 2024 AED 1,290,000; 2025 AED 1,435,000; 2026 AED 1,622,500Sold by developer, June 2008: AED 902,125 (AED 875 per sqft)

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

Rents
Unit 702, each contractTypical two-bed in Marina Diamond Tower 4
75K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 85,000; 2014 AED 99,474; 2015 AED 110,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 63,000; 2021 AED 65,000; 2022 AED 75,000; 2023 AED 90,000; 2024 AED 103,500; 2025 AED 110,000; 2026 AED 105,000New contract, September 2016: AED 105,000 a yearRenewal, September 2017: AED 105,000 a yearRenewal, September 2018: AED 100,000 a yearNew contract, June 2020: AED 60,000 a yearNew contract, June 2022: AED 80,000 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 4, and where 702 sits

All 82 2-beds →

702 last sold in June 2008 at AED 875 per sqft, in line with what two-beds in Marina Diamond Tower 4 were fetching at the time (AED 874). Over the last 12 months two-beds sold for AED 1,450,000 to 2,450,000, around AED 1,532 per sqft, and rent for AED 68,000 to 150,000 a year. 702's AED 80,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20261,450,000
2 Oct 20261,675,000
4 Aug 20261,570,000
18 Mar 20262,450,000
6 2-bed sales in the last 12 months

Marina Diamond Tower 4

Building

183 apartments, studios to 4-bed over 19 floors in Dubai Marina, completed in 2010 by Diamond Developers. 16 sold in the last 12 months.

Typical price per sqft
AED 1,353 Up 6.3%
Typical sale
AED 1.07M
Typical rent
AED 81K /yr
Typical yield
7.4%
Marina Diamond Tower 4, Dubai Marina: prices, sales and rents →

Other units on the 7th floor

All 183 units in Marina Diamond Tower 4
Value
7012-bedAED 879K · Mar 2009
7032-bedAED 1.39M · Aug 2016
7042-bedAED 800K · Mar 2020
7051-bedAED 850K · Mar 2023
7061-bedAED 452K · Oct 2008
7071-bedAED 700K · Sep 2022
7081-bedAED 780K · Jul 2023
1–7 of 9

702, Marina Diamond Tower 4 in numbers

  • Sold once: by Diamond Developers on 9 June 2008 for AED 902,125, or AED 875 per sqft.
  • Rented since September 2016 on 5 Ejari contracts. The rent fell from AED 105,000 to AED 60,000 in 2020 and recovered to AED 80,000 by June 2022.
  • At AED 80,000 a year the gross yield on the 2008 price is 8.9%, before a service charge of about AED 16,200 a year (AED 15.68 per sqft).
  • Two-beds in Marina Diamond Tower 4 sold for AED 1,450,000–2,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,353 per sqft.

Source: Dubai Land Department. Updated 1 June 2022.

Questions about 702, Marina Diamond Tower 4

What did unit 702 last sell for?

AED 902,125 on 9 June 2008, sold by the developer: AED 875 per sqft for 1,031 sqft. It is the only registered sale of the unit.

What is the rent for unit 702?

AED 80,000 a year on the contract signed on 1 June 2022. The previous contract, from June 2020, was AED 60,000; the unit has been rented since September 2016.

How big is unit 702?

1,031 sqft (95.8 sqm): a two-bedroom apartment on the 7th floor of a 19-storey tower completed in 2010.

What is unit 702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Diamond Tower 4 sold for AED 1,450,000 to 2,450,000 in the last 12 months, around AED 1,532 per sqft.

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Mortgage on 702, Marina Diamond Tower 4

Starts from the last sale price (AED 902K, 9 June 2008). Switch to today's estimate once you have unlocked it.
Price
AED 902,125
Deposit, UAE resident (20%)
AED 180,425
Deposit, non-resident (40%)
AED 360,850
Monthly over 25 years at 3.7%
AED 3,691

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