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1-bed · 589 sqftMarina Diamond Tower 2, Dubai Marina · 15th floor · completed 2007

1516, Marina Diamond Tower 2

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

Unit 1516 · DLD and Ejari recordsUpdated 1 January 2025
Last soldAED 790K14 April 2016
Current rentAED 65K /yr1 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1516, Marina Diamond Tower 2

What is 1516 worth today?

Last sold for AED 790,000 in 2016

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1 Jan 2025RentedNew contract
AED 65,000/yr12 months · AED 110 per sqft
17 Oct 2023RentedNew contract
AED 65,000/yr12 months · AED 110 per sqft
1 Oct 2022RentedNew contract
AED 51,700/yr12 months · AED 88 per sqft
3 Sep 2021RentedNew contract
AED 36,000/yr12 months · AED 61 per sqft
4 Sep 2020RentedNew contract
AED 37,000/yr12 months · AED 63 per sqft
15 Mar 2020RentedNew contract
AED 43,000/yr12 months · AED 73 per sqft
1 Feb 2019RentedNew contract
AED 53,000/yr12 months · AED 90 per sqft
5 Dec 2016RentedNew contract
AED 65,000/yr12 months · AED 110 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2025.

Key facts

Type
1-bed apartment
Size
589 sqft
Floor
15th of 15
Parking
28 B2
Developer
Diamond Developers
Completed
2007
Service charge
AED 10,800 /yr
Last sold
AED 790K · April 2016
Building
Marina Diamond Tower 2

About 1516, Marina Diamond Tower 2

1516 is a one-bedroom apartment of 589 sqft on the 15th floor of Marina Diamond Tower 2, a 15-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 14 April 2016 for AED 790,000, or AED 1,341 per sqft, in line with the AED 1,307 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 1 January 2025, is AED 65,000 a year: a gross yield of 8.2% on the 2016 price, before the service charge of about AED 10,800 a year.

Sales and rents for 1516 over time

Sales
Unit 1516, each saleTypical one-bed in Marina Diamond Tower 2
500K750K2008201320182023Typical sale price by year: 2008 AED 440,433; 2009 AED 444,574; 2010 AED 471,119; 2011 AED 525,000; 2012 AED 460,500; 2013 AED 670,000; 2014 AED 820,000; 2015 AED 770,000; 2016 AED 775,000; 2017 AED 785,000; 2018 AED 720,000; 2019 AED 500,000; 2020 AED 437,500; 2021 AED 510,000; 2022 AED 590,000; 2023 AED 705,000; 2024 AED 830,000; 2025 AED 900,000Sold by developer, August 2008: AED 433,158 (AED 735 per sqft)Sold, April 2016: AED 790,000 (AED 1,341 per sqft)

1516 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1516, each contractTypical one-bed in Marina Diamond Tower 2
40K60K80K2012201620202024Typical rent by year: 2012 AED 52,000; 2013 AED 60,000; 2014 AED 72,000; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 68,000; 2018 AED 60,000; 2019 AED 50,000; 2020 AED 40,500; 2021 AED 39,000; 2022 AED 45,000; 2023 AED 58,000; 2024 AED 70,000; 2025 AED 65,500; 2026 AED 75,000New contract, June 2014: AED 63,000 a yearNew contract, October 2015: AED 70,000 a yearNew contract, December 2016: AED 65,000 a yearNew contract, February 2019: AED 53,000 a yearNew contract, March 2020: AED 43,000 a yearNew contract, September 2020: AED 37,000 a yearNew contract, September 2021: AED 36,000 a yearNew contract, October 2022: AED 51,700 a yearNew contract, October 2023: AED 65,000 a yearNew contract, January 2025: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Marina Diamond Tower 2, and where 1516 sits

All 122 1-beds →

1516 last sold in April 2016 at AED 1,341 per sqft, in line with what one-beds in Marina Diamond Tower 2 were fetching at the time (AED 1,307). Over the last 12 months one-beds sold for AED 920,000, around AED 1,561 per sqft, and rent for AED 55,000 to 90,000 a year. 1516's AED 65,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Feb 2026920,000
30 Jul 2025900,000
22 Jul 2025905,000
22 Jul 2025920,000
1 1-bed sale in the last 12 months

Marina Diamond Tower 2

Building

276 apartments, studios to 2-bed over 15 floors in Dubai Marina, completed in 2007 by Diamond Developers. 2 sold in the last 12 months.

Typical price per sqft
AED 1,591
Typical sale
AED 785K
Typical rent
AED 72K /yr
Typical yield
7.6%
Marina Diamond Tower 2, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 276 units in Marina Diamond Tower 2
Value
15012-bedAED 980K · Jul 2023
1502StudioAED 580K · Apr 2023
15032-bedAED 760K · Mar 2019
15041-bedAED 455K · Oct 2008
1505StudioAED 500K · Jul 2022
15061-bedAED 565K · Nov 2022
15071-bedAED 770K · Sep 2024
1–7 of 17

1516, Marina Diamond Tower 2 in numbers

  • Sold twice: first on 28 August 2008 for AED 433,158, last on 14 April 2016 for AED 790,000 (AED 1,341 per sqft).
  • Rented since June 2014 on 10 Ejari contracts. The rent fell from AED 63,000 to AED 36,000 in 2021 and recovered to AED 65,000 by January 2025.
  • At AED 65,000 a year the gross yield on the 2016 price is 8.2%, before a service charge of about AED 10,800 a year (AED 18.33 per sqft).
  • One-beds in Marina Diamond Tower 2 sold for AED 920,000–920,000 in the 12 months to November 2026; the building's median across all types is AED 1,591 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2025.

Questions about 1516, Marina Diamond Tower 2

What did unit 1516 last sell for?

AED 790,000 on 14 April 2016: AED 1,341 per sqft for 589 sqft. The unit has 2 registered sales; the first was AED 433,158 in August 2008.

What is the rent for unit 1516?

AED 65,000 a year on the contract signed on 1 January 2025. The previous contract, from October 2023, was AED 65,000; the unit has been rented since June 2014.

How big is unit 1516?

589 sqft (54.7 sqm): a one-bedroom apartment on the 15th floor of a 15-storey tower completed in 2007.

What is unit 1516 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marina Diamond Tower 2 sold for AED 920,000 to 920,000 in the last 12 months, around AED 1,561 per sqft.

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Mortgage on 1516, Marina Diamond Tower 2

Starts from the last sale price (AED 790K, 14 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 790,000
Deposit, UAE resident (20%)
AED 158,000
Deposit, non-resident (40%)
AED 316,000
Monthly over 25 years at 3.7%
AED 3,232

Plus AED 38,190 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →