Marina Diamond 1 is a ready-to-move-in project which offers prospective buyers and tenants elegant 1-2 bedroom apartments and studios with scenic views of the Dubai Marina skyline.

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Marina Diamond 1

Marina Diamond 1 by Diamond Investments LLC

Marina Diamond 1 is a ready-to-move-in residential complex from Diamond Investments LLC. The development was completed in 2006 and is part of the Marina Diamond project.

The building is located in the popular area of Dubai Marina, which is within close proximity to the Marina Promenade and plenty of entertainment activities and venues.
The 15-storey development offers 194 residential units, including studios and 1-2 bedroom apartments with living areas ranging from 363 sq. ft to 1,100 sq. ft. Residences have various layouts and come with fully-equipped kitchens and all the necessary plumbing. Each property is provided with a private balcony overlooking the community and the marina.

Residents of Marina Diamond 1 have access to various prestigious amenities, including:

Gymnasium
Two swimming pools
Sauna and steam rooms
Underground parking
Barbecue area
Children's playground
Lobby
Several high-speed elevators
Concierge services and 24/7 security

The starting cost of a 1-bedroom unit in Marina Diamond 1 constitutes at AED 745,000 (USD 202,800).

Pools, sauna and steam rooms

Underground parking

Modern gym

Children's playground

Economic Attractiveness

Marina Diamond 1 boasts a strategic location near the coast of the Arabian Gulf and offers elegant apartments and studios that will correspond to the needs of families with children, couples and single professionals. The project comes with all the necessary amenities for sports and recreation, so there will be no time for boredom.

You will be able to spend your free time with your close ones right on the territory of the development, enjoying everything the development has to offer.

Marina Diamond 1 is ready-to-move-in, so you can move straight into the apartments and furnish them right after the transaction. Real estate investors can immediately rent out the residences in the complex to generate a stable high income. Marina Diamond 1 boasts an ROI of 7.10% and the average annual rental price for a 1-bedroom apartment is AED 60,000 (USD 16,300). And according to the Knight Frank report, property prices in Dubai will rise in 2023.

It’s worth noting that foreigners will be able to purchase property in the complex with full ownership, since Dubai Marina is a freehold zone. Moreover, purchasing an apartment with a cost from AED 750,000 (USD 204,200) enables you to apply for a 3-year investor visa.

Location

Marina Diamond 1 is located in Dubai Marina. Dubai's largest and busiest highway, the Sheikh Zayed Road, runs right next to the building and allows residents to reach the most sought-after areas of the emirate within a short drive. Thus, travel time to Business Bay, Downtown Dubai and Jumeirah takes 20 minutes, while Dubai International Airport and Al Maktoum International Airport are reachable within 30 minutes by car. Dubai Marina is surrounded by a large number of prestigious areas with a well-developed infrastructure, including Palm Jumeirah, Dubai Internet City, Jumeirah Lake Towers and Al Sufouh.

Within a 10-minute walk, residents of Marina Diamond 1 can reach various public transport stations such as Dubai Marina Tram Station, Sobha Realty Metro Station and Dubai Marina Mall Marine Transport Station.

Dubai Marina and the surrounding areas boast a variety of social infrastructure objects and places for recreation and entertainment for both adults and children. Within a 10-minute drive, the following options are located:

iCademy Middle East, Dubai International Academy Emirates Hills and Emirates International School — Meadows and several other schools
Toddler Town British Nursery JBR, Jebel Ali Village Nursery, Kids Kare Nursery JLT, Mosaic Nursery JLT and Dewdrops Nursery — JLT Cluster X
American University in Dubai, University of Wollongong in Dubai (UOWD), Middlesex University Dubai and Murdoch University Dubai
Medcare Medical Centre, JBR, Marina Medical Center, Dubai Marina Clinics, King's Marina Medical Center and Quality Life Medical Center
Dubai Marina Mall, The Beach, Trident Grand Mall and Marinascape Mall
Marina Beach
Skydive Dubai
Emirates Golf Club
Al Shorfa Restaurant & Cafe, Rock Pot Restaurant, Terrace Walk, Poke Zone, La Pergola Restaurant and Cafe and many other dining options.