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

703, Marina Diamond Tower 4

Sold prices and rental history: sold 4 times, last in August 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 1 August 2016
Last soldAED 1.39M1 August 2016
Current rentAED 110K /yr4 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Marina Diamond Tower 4

What is 703 worth today?

Last sold for AED 1,390,000 in 2016

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1 Aug 2016SoldReady
AED 1,390,000AED 1,348 per sqft
4 Apr 2015RentedNew contract
AED 110,000/yr12 months · AED 106 per sqft
4 Apr 2014RentedNew contract
AED 90,000/yr12 months · AED 87 per sqft
7 Mar 2012SoldReady
AED 450,000AED 436 per sqft
9 Jan 2012SoldReady
AED 661,500AED 641 per sqft
29 Jun 2008Sold by developerReady
AED 893,103AED 866 per sqft

Source: Dubai Land Department. Updated 1 August 2016.

Key facts

Type
2-bed apartment
Size
1,031 sqft
Floor
7th of 19
Parking
55 B1
Developer
Diamond Developers
Completed
2010
Service charge
AED 16,200 /yr
Last sold
AED 1.39M · August 2016

About 703, Marina Diamond Tower 4

703 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. It last sold on 1 August 2016 for AED 1,390,000, or AED 1,348 per sqft, 9% above the AED 1,237 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 4 April 2015, is AED 110,000 a year: a gross yield of 7.9% on the 2016 price, before the service charge of about AED 16,200 a year.

Sales and rents for 703 over time

Sales
Unit 703, each saleTypical two-bed in Marina Diamond Tower 4
1M2008201320182023Typical 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 893,103 (AED 866 per sqft)Sold, January 2012: AED 661,500 (AED 641 per sqft)Sold, March 2012: AED 450,000 (AED 436 per sqft)Sold, August 2016: AED 1,390,000 (AED 1,348 per sqft)

703 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 703, 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, April 2014: AED 90,000 a yearNew contract, April 2015: AED 110,000 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 703 sits

All 82 2-beds →

703 last sold in August 2016 at AED 1,348 per sqft, 9% above what two-beds in Marina Diamond Tower 4 were fetching at the time (AED 1,237). 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. 703's AED 110,000 is in the upper 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
7022-bedAED 902K · Jun 2008
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

703, Marina Diamond Tower 4 in numbers

  • Sold 4 times: first on 29 June 2008 for AED 893,103, last on 1 August 2016 for AED 1,390,000 (AED 1,348 per sqft).
  • Rented since April 2014 on 2 Ejari contracts, from AED 90,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2016 price is 7.9%, 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 August 2016.

Questions about 703, Marina Diamond Tower 4

What did unit 703 last sell for?

AED 1,390,000 on 1 August 2016: AED 1,348 per sqft for 1,031 sqft. The unit has 4 registered sales; the first was AED 893,103 in June 2008.

What is the rent for unit 703?

AED 110,000 a year on the contract signed on 4 April 2015. The previous contract, from April 2014, was AED 90,000.

How big is unit 703?

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 703 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 703, Marina Diamond Tower 4

Starts from the last sale price (AED 1.39M, 1 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,390,000
Deposit, UAE resident (20%)
AED 278,000
Deposit, non-resident (40%)
AED 556,000
Monthly over 25 years at 3.7%
AED 5,687

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