2-bed · 1,084 sqftMarina Diamond Tower 5, Dubai Marina · 6th floor · completed 2007

601, Marina Diamond Tower 5

Sold prices and rental history: sold twice, last in October 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 24 October 2022
Last soldAED 1M24 October 2022
Current rentAED 48K /yr15 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Marina Diamond Tower 5

What is 601 worth today?

Last sold for AED 1,000,000 in 2022

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24 Oct 2022SoldReady
AED 1,000,000AED 922 per sqft
15 Oct 2021RentedRenewal
AED 48,000/yr12 months · AED 44 per sqft
15 Oct 2020RentedNew contract
AED 48,000/yr12 months · AED 44 per sqft
1 Oct 2018RentedRenewal
AED 80,000/yr12 months · AED 74 per sqft
1 Oct 2017RentedNew contract
AED 80,000/yr12 months · AED 74 per sqft
6 Aug 2016RentedNew contract
AED 105,000/yr6 months · AED 97 per sqft
15 Jul 2015RentedRenewal
AED 127,000/yr12 months · AED 117 per sqft
15 Jul 2014RentedNew contract
AED 110,400/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 24 October 2022.

Key facts

Type
2-bed apartment
Size
1,084 sqft
Floor
6th of 19
Parking
50 B1
Developer
Diamond Developers
Completed
2007
Service charge
AED 15,400 /yr
Last sold
AED 1M · October 2022

About 601, Marina Diamond Tower 5

601 is a two-bedroom apartment of 1,084 sqft on the 6th floor of Marina Diamond Tower 5, a 19-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 24 October 2022 for AED 1,000,000, or AED 922 per sqft, 5% above the AED 876 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 15 October 2021, is AED 48,000 a year: a gross yield of 4.8% on the 2022 price, before the service charge of about AED 15,400 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, July 2008: AED 909,964 (AED 839 per sqft)Sold, October 2022: AED 1,000,000 (AED 922 per sqft)

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

Rents
Unit 601, each contractTypical two-bed in Marina Diamond Tower 5
50K100K2012201620202024Typical 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, July 2013: AED 92,000 a yearNew contract, July 2014: AED 110,400 a yearRenewal, July 2015: AED 127,000 a yearNew contract, August 2016: AED 105,000 a yearNew contract, October 2017: AED 80,000 a yearRenewal, October 2018: AED 80,000 a yearNew contract, October 2020: AED 48,000 a yearRenewal, October 2021: AED 48,000 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 601 sits

All 73 2-beds →

601 last sold in October 2022 at AED 922 per sqft, 5% above what two-beds in Marina Diamond Tower 5 were fetching at the time (AED 876). 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. 601's AED 48,000 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 6th floor

All 190 units in Marina Diamond Tower 5
Value
6022-bedAED 1.28M · Sep 2022
6031-bedAED 600K · Sep 2019
6041-bedAED 850K · Jun 2017
6051-bedAED 900K · Nov 2015
6062-bedAED 890K · Dec 2012
6072-bedAED 770K · Dec 2019
6081-bedAED 1.04M · May 2014
1–7 of 9

601, Marina Diamond Tower 5 in numbers

  • Sold twice: first on 21 July 2008 for AED 909,964, last on 24 October 2022 for AED 1,000,000 (AED 922 per sqft).
  • Rented since July 2013 on 8 Ejari contracts, from AED 92,000 to AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2022 price is 4.8%, 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 24 October 2022.

Questions about 601, Marina Diamond Tower 5

What did unit 601 last sell for?

AED 1,000,000 on 24 October 2022: AED 922 per sqft for 1,084 sqft. The unit has 2 registered sales; the first was AED 909,964 in July 2008.

What is the rent for unit 601?

AED 48,000 a year on the contract renewed on 15 October 2021. The previous contract, from October 2020, was AED 48,000; the unit has been rented since July 2013.

How big is unit 601?

1,084 sqft (100.7 sqm): a two-bedroom apartment on the 6th floor of a 19-storey tower completed in 2007.

What is unit 601 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 601, Marina Diamond Tower 5

Starts from the last sale price (AED 1M, 24 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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