2-bed · 1,084 sqftMarina Diamond Tower 5, Dubai Marina · 15th floor · completed 2007

1507, Marina Diamond Tower 5

Sold prices and rental history: sold twice, last in November 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1507 · DLD and Ejari recordsUpdated 15 July 2018
Last soldAED 1.05M28 November 2017
Current rentAED 55K /yr15 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1507, Marina Diamond Tower 5

What is 1507 worth today?

Last sold for AED 1,050,000 in 2017

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15 Jul 2018RentedNew contract
AED 55,000/yr12 months · AED 51 per sqft
28 Nov 2017SoldReady
AED 1,050,000AED 968 per sqft
15 Sep 2016RentedNew contract
AED 105,000/yr12 months · AED 97 per sqft
4 Sep 2014RentedNew contract
AED 101,000/yr12 months · AED 93 per sqft
4 Sep 2013RentedNew contract
AED 85,000/yr12 months · AED 78 per sqft
2 Sep 2008Sold by developerReady
AED 880,820AED 812 per sqft

Source: Dubai Land Department. Updated 15 July 2018.

Key facts

Type
2-bed apartment
Size
1,084 sqft
Floor
15th of 19
Parking
57 B2
Developer
Diamond Developers
Completed
2007
Service charge
AED 15,400 /yr
Last sold
AED 1.05M · November 2017

About 1507, Marina Diamond Tower 5

1507 is a two-bedroom apartment of 1,084 sqft on the 15th floor of Marina Diamond Tower 5, a 19-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 28 November 2017 for AED 1,050,000, or AED 968 per sqft, 8% below the AED 1,047 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 15 July 2018, is AED 55,000 a year: a gross yield of 5.2% on the 2017 price, before the service charge of about AED 15,400 a year.

Sales and rents for 1507 over time

Sales
Unit 1507, each saleTypical two-bed in Marina Diamond Tower 5
500K1M1.5M2008201320182023Typical sale price by year: 2008 AED 907,552; 2009 AED 877,256; 2010 AED 900,000; 2011 AED 650,000; 2012 AED 700,000; 2013 AED 828,989; 2014 AED 805,000; 2015 AED 1,270,000; 2016 AED 1,150,000; 2017 AED 1,100,000; 2018 AED 1,000,000; 2019 AED 830,500; 2020 AED 740,000; 2021 AED 845,500; 2022 AED 950,000; 2023 AED 1,175,000; 2025 AED 1,500,000Sold by developer, September 2008: AED 880,820 (AED 812 per sqft)Sold, November 2017: AED 1,050,000 (AED 968 per sqft)

1507 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1507, each contractTypical two-bed in Marina Diamond Tower 5
50K75K100K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 85,000; 2014 AED 100,000; 2015 AED 110,000; 2016 AED 105,000; 2017 AED 100,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 65,000; 2021 AED 60,000; 2022 AED 70,000; 2023 AED 90,000; 2024 AED 103,500; 2025 AED 110,000; 2026 AED 108,000New contract, September 2013: AED 85,000 a yearNew contract, September 2014: AED 101,000 a yearNew contract, September 2016: AED 105,000 a yearNew contract, July 2018: AED 55,000 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 5, and where 1507 sits

All 73 2-beds →

1507 last sold in November 2017 at AED 968 per sqft, 8% below what two-beds in Marina Diamond Tower 5 were fetching at the time (AED 1,047). Over the last 12 months two-beds sold for AED 1,450,000 to 1,650,000, around AED 1,384 per sqft, and rent for AED 36,000 to 150,221 a year. 1507's AED 55,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Oct 20261,450,000
4 Sep 20261,500,000
28 Nov 20251,650,000
17 Oct 20251,450,000
3 2-bed sales in the last 12 months

Marina Diamond Tower 5

Building

190 apartments, 1-bed to 2-bed over 19 floors in Dubai Marina, completed in 2007 by Diamond Developers. 10 sold in the last 12 months.

Typical price per sqft
AED 1,427 Up 0.4%
Typical sale
AED 1.08M
Typical rent
AED 78K /yr
Typical yield
7.0%
Marina Diamond Tower 5, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 190 units in Marina Diamond Tower 5
Value
15012-bedAED 1.15M · May 2023
15022-bedAED 900K · Jul 2008
15031-bedAED 950K · Jul 2024
15041-bedAED 302K · Feb 2014
15051-bedAED 515K · Feb 2011
15062-bedAED 1.35M · May 2015
15081-bedAED 890K · Sep 2026
1–7 of 9

1507, Marina Diamond Tower 5 in numbers

  • Sold twice: first on 2 September 2008 for AED 880,820, last on 28 November 2017 for AED 1,050,000 (AED 968 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, from AED 85,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2017 price is 5.2%, before a service charge of about AED 15,400 a year (AED 14.24 per sqft).
  • Two-beds in Marina Diamond Tower 5 sold for AED 1,450,000–1,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,427 per sqft.

Source: Dubai Land Department. Updated 15 July 2018.

Questions about 1507, Marina Diamond Tower 5

What did unit 1507 last sell for?

AED 1,050,000 on 28 November 2017: AED 968 per sqft for 1,084 sqft. The unit has 2 registered sales; the first was AED 880,820 in September 2008.

What is the rent for unit 1507?

AED 55,000 a year on the contract signed on 15 July 2018. The previous contract, from September 2016, was AED 105,000; the unit has been rented since September 2013.

How big is unit 1507?

1,084 sqft (100.7 sqm): a two-bedroom apartment on the 15th floor of a 19-storey tower completed in 2007.

What is unit 1507 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 5 sold for AED 1,450,000 to 1,650,000 in the last 12 months, around AED 1,384 per sqft.

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Mortgage on 1507, Marina Diamond Tower 5

Starts from the last sale price (AED 1.05M, 28 November 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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