2-bed · 1,084 sqftMarina Diamond Tower 6, Dubai Marina · 5th floor · completed 2008

506, Marina Diamond Tower 6

Sold prices and rental history: sold 4 times, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 506 · DLD and Ejari recordsUpdated 7 March 2024
Last soldAED 1.31M7 March 2024
Current rentAED 73K /yr22 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 506, Marina Diamond Tower 6

What is 506 worth today?

Last sold for AED 1,310,000 in 2024

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7 Mar 2024SoldReady
AED 1,310,000AED 1,208 per sqft
22 Aug 2019RentedNew contract
AED 73,000/yr13 months · AED 67 per sqft
22 Aug 2018RentedNew contract
AED 85,000/yr12 months · AED 78 per sqft
11 Apr 2018SoldReady
AED 960,000AED 885 per sqft
21 Aug 2017RentedRenewal
AED 100,000/yr12 months · AED 92 per sqft
21 Aug 2016RentedNew contract
AED 102,000/yr12 months · AED 94 per sqft
23 Jan 2015RentedNew contract
AED 104,000/yr12 months · AED 96 per sqft
23 Jan 2014RentedNew contract
AED 88,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 7 March 2024.

Key facts

Type
2-bed apartment
Size
1,084 sqft
Floor
5th of 19
Parking
46 B2
Developer
Diamond Developers
Completed
2008
Service charge
AED 20,100 /yr
Last sold
AED 1.31M · March 2024

About 506, Marina Diamond Tower 6

506 is a two-bedroom apartment of 1,084 sqft on the 5th floor of Marina Diamond Tower 6, a 19-storey tower in Dubai Marina completed in 2008 by Diamond Developers. It last sold on 7 March 2024 for AED 1,310,000, or AED 1,208 per sqft, 7% above the AED 1,130 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 22 August 2019, is AED 73,000 a year: a gross yield of 5.6% on the 2024 price, before the service charge of about AED 20,100 a year.

Sales and rents for 506 over time

Sales
Unit 506, each saleTypical two-bed in Marina Diamond Tower 6
1M1.5M2008201320182023Typical sale price by year: 2008 AED 910,280; 2009 AED 893,496; 2010 AED 887,633; 2011 AED 824,510; 2012 AED 830,000; 2013 AED 1,200,000; 2014 AED 1,117,069; 2016 AED 1,250,000; 2017 AED 1,150,000; 2018 AED 1,090,000; 2019 AED 850,000; 2021 AED 759,513; 2022 AED 870,000; 2023 AED 1,100,000; 2024 AED 1,232,500; 2025 AED 1,465,000; 2026 AED 1,387,500Sold, June 2008: AED 1,550,000 (AED 1,429 per sqft)Sold by developer, June 2008: AED 848,555 (AED 782 per sqft)Sold, April 2018: AED 960,000 (AED 885 per sqft)Sold, March 2024: AED 1,310,000 (AED 1,208 per sqft)

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

Rents
Unit 506, each contractTypical two-bed in Marina Diamond Tower 6
75K100K2012201620202024Typical rent by year: 2012 AED 74,000; 2013 AED 80,000; 2014 AED 105,000; 2015 AED 105,000; 2016 AED 101,000; 2017 AED 95,000; 2018 AED 83,500; 2019 AED 75,000; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 70,000; 2023 AED 82,972; 2024 AED 97,200; 2025 AED 105,000; 2026 AED 92,610New contract, January 2013: AED 80,000 a yearNew contract, January 2014: AED 88,000 a yearNew contract, January 2015: AED 104,000 a yearNew contract, August 2016: AED 102,000 a yearRenewal, August 2017: AED 100,000 a yearNew contract, August 2018: AED 85,000 a yearNew contract, August 2019: AED 73,000 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 6, and where 506 sits

All 76 2-beds →

506 last sold in March 2024 at AED 1,208 per sqft, 7% above what two-beds in Marina Diamond Tower 6 were fetching at the time (AED 1,130). Over the last 12 months two-beds sold for AED 1,200,000 to 1,550,000, around AED 1,280 per sqft, and rent for AED 75,000 to 124,000 a year. 506's AED 73,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
26 Oct 20261,200,000
18 Jun 20261,250,000
7 Apr 20261,550,000
19 Feb 20261,525,000
4 2-bed sales in the last 12 months

Marina Diamond Tower 6

Building

190 apartments, 1-bed to 2-bed over 19 floors in Dubai Marina, completed in 2008 by Diamond Developers. 15 sold in the last 12 months.

Typical price per sqft
AED 1,416 Up 8.1%
Typical sale
AED 1.03M
Typical rent
AED 79K /yr
Typical yield
6.9%
Marina Diamond Tower 6, Dubai Marina: prices, sales and rents →

Other units on the 5th floor

All 190 units in Marina Diamond Tower 6
Value
5012-bedAED 1.02M · Mar 2023
5022-bedAED 740K · Jan 2013
5031-bedAED 970K · Oct 2008
5041-bedAED 702K · Jul 2022
5051-bedAED 1.01M · Aug 2016
5072-bedAED 465K · Dec 2022
5081-bedAED 560K · Nov 2015
1–7 of 9

506, Marina Diamond Tower 6 in numbers

  • Sold 4 times: first on 18 June 2008 for AED 848,555, last on 7 March 2024 for AED 1,310,000 (AED 1,208 per sqft).
  • Rented since January 2013 on 7 Ejari contracts, from AED 80,000 to AED 73,000 a year.
  • At AED 73,000 a year the gross yield on the 2024 price is 5.6%, before a service charge of about AED 20,100 a year (AED 18.50 per sqft).
  • Two-beds in Marina Diamond Tower 6 sold for AED 1,200,000–1,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,416 per sqft.

Source: Dubai Land Department. Updated 7 March 2024.

Questions about 506, Marina Diamond Tower 6

What did unit 506 last sell for?

AED 1,310,000 on 7 March 2024: AED 1,208 per sqft for 1,084 sqft. The unit has 4 registered sales; the first was AED 848,555 in June 2008.

What is the rent for unit 506?

AED 73,000 a year on the contract signed on 22 August 2019. The previous contract, from August 2018, was AED 85,000; the unit has been rented since January 2013.

How big is unit 506?

1,084 sqft (100.7 sqm): a two-bedroom apartment on the 5th floor of a 19-storey tower completed in 2008.

What is unit 506 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 6 sold for AED 1,200,000 to 1,550,000 in the last 12 months, around AED 1,280 per sqft.

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Mortgage on 506, Marina Diamond Tower 6

Starts from the last sale price (AED 1.31M, 7 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,310,000
Deposit, UAE resident (20%)
AED 262,000
Deposit, non-resident (40%)
AED 524,000
Monthly over 25 years at 3.7%
AED 5,360

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