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Studio · 418 sqftMarina Diamond Tower 2, Dubai Marina · 4th floor · completed 2007

408, Marina Diamond Tower 2

Sold prices and rental history: sold twice, last in April 2011, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 5 February 2022
Last soldAED 310K21 April 2011
Current rentAED 32K /yr5 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Marina Diamond Tower 2

What is 408 worth today?

Last sold for AED 310,000 in 2011

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5 Feb 2022RentedNew contract
AED 32,000/yr12 months · AED 77 per sqft
28 Jan 2021RentedNew contract
AED 28,000/yr12 months · AED 67 per sqft
25 Dec 2019RentedNew contract
AED 37,000/yr12 months · AED 88 per sqft
20 Sep 2018RentedNew contract
AED 46,000/yr12 months · AED 110 per sqft
20 Aug 2017RentedNew contract
AED 50,000/yr12 months · AED 119 per sqft
28 Jul 2016RentedNew contract
AED 60,000/yr12 months · AED 143 per sqft
21 Apr 2011SoldReady
AED 310,000AED 741 per sqft
27 Aug 2008Sold by developerReady
AED 288,511AED 690 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 5 February 2022.

Key facts

Type
Studio apartment
Size
418 sqft
Floor
4th of 15
Parking
25 G.F
Developer
Diamond Developers
Completed
2007
Service charge
AED 7,700 /yr
Last sold
AED 310K · April 2011
Building
Marina Diamond Tower 2

About 408, Marina Diamond Tower 2

408 is a studio of 418 sqft on the 4th floor of Marina Diamond Tower 2, a 15-storey tower in Dubai Marina completed in 2007 by Diamond Developers. It last sold on 21 April 2011 for AED 310,000, or AED 741 per sqft, 10% below the AED 825 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 5 February 2022, is AED 32,000 a year: a gross yield of 10.3% on the 2011 price, before the service charge of about AED 7,700 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical studio in Marina Diamond Tower 2
400K600K2008201320182023Typical sale price by year: 2008 AED 324,119; 2009 AED 379,328; 2010 AED 401,035; 2011 AED 336,000; 2012 AED 430,000; 2013 AED 520,000; 2014 AED 675,000; 2015 AED 682,500; 2017 AED 650,000; 2018 AED 530,000; 2019 AED 482,500; 2021 AED 390,000; 2022 AED 490,000; 2023 AED 535,000; 2024 AED 650,000; 2025 AED 700,000Sold by developer, August 2008: AED 288,511 (AED 690 per sqft)Sold, April 2011: AED 310,000 (AED 741 per sqft)

408 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 408, each contractTypical studio in Marina Diamond Tower 2
40K60K2012201620202024Typical rent by year: 2012 AED 41,000; 2013 AED 50,000; 2014 AED 62,000; 2015 AED 63,000; 2016 AED 60,000; 2017 AED 55,000; 2018 AED 48,000; 2019 AED 42,000; 2020 AED 30,500; 2021 AED 31,000; 2022 AED 37,000; 2023 AED 46,100; 2024 AED 55,000; 2025 AED 57,300; 2026 AED 55,500New contract, July 2016: AED 60,000 a yearNew contract, August 2017: AED 50,000 a yearNew contract, September 2018: AED 46,000 a yearNew contract, December 2019: AED 37,000 a yearNew contract, January 2021: AED 28,000 a yearNew contract, February 2022: AED 32,000 a year

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

Studios in Marina Diamond Tower 2, and where 408 sits

All 87 studios →

408 last sold in April 2011 at AED 741 per sqft, 10% below what studios in Marina Diamond Tower 2 were fetching at the time (AED 825). Over the last 12 months studios sold for AED 650,000, around AED 1,621 per sqft, and rent for AED 44,000 to 70,000 a year. 408's AED 32,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
6 Jan 2026650,000
30 Jul 2025700,000
28 Apr 2025245,000
21 Apr 2025750,000
1 studio 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 4th floor

All 276 units in Marina Diamond Tower 2
Value
4012-bedAED 454K · Jun 2013
402StudioAED 650K · Jan 2026
4032-bedAED 575K · Aug 2009
4041-bedAED 476K · Apr 2009
405StudioAED 287K · Jun 2008
4061-bedAED 369K · Oct 2008
4071-bedAED 411K · Aug 2008
1–7 of 17

408, Marina Diamond Tower 2 in numbers

  • Sold twice: first on 27 August 2008 for AED 288,511, last on 21 April 2011 for AED 310,000 (AED 741 per sqft).
  • Rented since July 2016 on 6 Ejari contracts. The rent fell from AED 60,000 to AED 28,000 in 2021 and recovered to AED 32,000 by February 2022.
  • At AED 32,000 a year the gross yield on the 2011 price is 10.3%, before a service charge of about AED 7,700 a year (AED 18.33 per sqft).
  • Studios in Marina Diamond Tower 2 sold for AED 650,000–650,000 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 5 February 2022.

Questions about 408, Marina Diamond Tower 2

What did unit 408 last sell for?

AED 310,000 on 21 April 2011: AED 741 per sqft for 418 sqft. The unit has 2 registered sales; the first was AED 288,511 in August 2008.

What is the rent for unit 408?

AED 32,000 a year on the contract signed on 5 February 2022. The previous contract, from January 2021, was AED 28,000; the unit has been rented since July 2016.

How big is unit 408?

418 sqft (38.8 sqm): a studio on the 4th floor of a 15-storey tower completed in 2007.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Marina Diamond Tower 2 sold for AED 650,000 to 650,000 in the last 12 months, around AED 1,621 per sqft.

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Mortgage on 408, Marina Diamond Tower 2

Starts from the last sale price (AED 310K, 21 April 2011). Switch to today's estimate once you have unlocked it.
Price
AED 310,000
Deposit, UAE resident (20%)
AED 62,000
Deposit, non-resident (40%)
AED 124,000
Monthly over 25 years at 3.7%
AED 1,268

Plus AED 15,930 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →