2-bed · 1,084 sqftMarina Diamond Tower 5, Dubai Marina · 4th floor · completed 2007

406, Marina Diamond Tower 5

Sold prices and rental history: sold 3 times, last in March 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 3 March 2021
Last soldAED 780K3 March 2021
Current rentAED 72K /yr5 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Marina Diamond Tower 5

What is 406 worth today?

Last sold for AED 780,000 in 2021

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3 Mar 2021SoldReady
AED 780,000AED 719 per sqft
5 Jul 2019RentedRenewal
AED 72,000/yr12 months · AED 66 per sqft
5 Jul 2018RentedNew contract
AED 82,000/yr12 months · AED 75 per sqft
5 Feb 2017RentedNew contract
AED 90,000/yr12 months · AED 83 per sqft
18 Dec 2016SoldReady
AED 1,195,000AED 1,102 per sqft
15 Mar 2009Sold by developerReady
AED 796,000AED 734 per sqft

Source: Dubai Land Department. Updated 3 March 2021.

Key facts

Type
2-bed apartment
Size
1,084 sqft
Floor
4th of 19
Parking
31 B1
Developer
Diamond Developers
Completed
2007
Service charge
AED 15,400 /yr
Last sold
AED 780K · March 2021

About 406, Marina Diamond Tower 5

406 is a two-bedroom apartment of 1,084 sqft on the 4th floor of Marina Diamond Tower 5, a 19-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 3 March 2021 for AED 780,000, or AED 719 per sqft, in line with the AED 715 two-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 5 July 2019, is AED 72,000 a year: a gross yield of 9.2% on the 2021 price, before the service charge of about AED 15,400 a year.

Sales and rents for 406 over time

Sales
Unit 406, 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, March 2009: AED 796,000 (AED 734 per sqft)Sold, December 2016: AED 1,195,000 (AED 1,102 per sqft)Sold, March 2021: AED 780,000 (AED 719 per sqft)

406 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 406, each contractTypical two-bed in Marina Diamond Tower 5
75K100K2012201620202024Typical 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, February 2017: AED 90,000 a yearNew contract, July 2018: AED 82,000 a yearRenewal, July 2019: AED 72,000 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 406 sits

All 73 2-beds →

406 last sold in March 2021 at AED 719 per sqft, in line with what two-beds in Marina Diamond Tower 5 were fetching at the time (AED 715). 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. 406's AED 72,000 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 4th floor

All 190 units in Marina Diamond Tower 5
Value
4012-bedAED 829K · Jan 2013
4022-bedAED 825K · Jun 2014
4031-bedAED 960K · Oct 2026
4041-bedAED 1.2M · Oct 2008
4051-bedAED 590K · Jul 2008
4072-bedAED 650K · Mar 2011
4081-bedAED 700K · Jan 2023
1–7 of 9

406, Marina Diamond Tower 5 in numbers

  • Sold 3 times: first on 15 March 2009 for AED 796,000, last on 3 March 2021 for AED 780,000 (AED 719 per sqft).
  • Rented since February 2017 on 3 Ejari contracts, from AED 90,000 to AED 72,000 a year.
  • At AED 72,000 a year the gross yield on the 2021 price is 9.2%, 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 3 March 2021.

Questions about 406, Marina Diamond Tower 5

What did unit 406 last sell for?

AED 780,000 on 3 March 2021: AED 719 per sqft for 1,084 sqft. The unit has 3 registered sales; the first was AED 796,000 in March 2009.

What is the rent for unit 406?

AED 72,000 a year on the contract renewed on 5 July 2019. The previous contract, from July 2018, was AED 82,000; the unit has been rented since February 2017.

How big is unit 406?

1,084 sqft (100.7 sqm): a two-bedroom apartment on the 4th floor of a 19-storey tower completed in 2007.

What is unit 406 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 406, Marina Diamond Tower 5

Starts from the last sale price (AED 780K, 3 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 780,000
Deposit, UAE resident (20%)
AED 156,000
Deposit, non-resident (40%)
AED 312,000
Monthly over 25 years at 3.7%
AED 3,191

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