Marina Diamond 1, Dubai Marina: A Comprehensive Guide

Overview of Marina Diamond 1

Marina Diamond 1 is a residential complex located in Dubai Marina. It was developed by Diamond Investments LLC and completed in 2006. The complex consists of two blocks with 194 residential units, including studios and 1-2 bedroom apartments. Below are some key points to note about Marina Diamond 1:

• Year Built: Marina Diamond 1 was completed in 2006.
• Completion Status: The complex is fully completed and ready to move in.
• Location: Marina Diamond 1 is situated in Dubai Marina, one of the most desirable areas in Dubai.
• Ownership: The complex offers 100% freehold ownership with a residency permit for its owners.
• Amenities: Marina Diamond 1 provides a range of amenities for its residents, such as a fully-equipped gym, two swimming pools, a sauna, a steam room, and 24/7 security.
• Unit Sizes: The living areas of the units in Marina Diamond 1 range from 363 sq. ft to 1,100 sq. ft.
• Floor Plans: The complex offers studios, 1-bedroom, and 2-bedroom apartments.
• Architecture: The architecture of Marina Diamond 1 is modern and sleek, with a unique design that sets it apart from other buildings in the area.

Marina Diamond 1 is an excellent option for anyone looking for a modern and luxurious residential complex in Dubai Marina. With its prime location, top-notch amenities, and range of unit sizes and floor plans, Marina Diamond 1 is popular among locals and expats.

Location and Accessibility

Marina Diamond 1 is situated in the center of Dubai Marina, one of the most coveted neighborhoods in Dubai. The building is near various attractions, making it an ideal location for those exploring the city.

Proximity to Attractions

Marina Diamond 1 is just a few minutes from Marina Walk, a famous promenade offering stunning views of the waterfront and the surrounding skyline. The Walk, another popular attraction, is also nearby. It provides a varied range of cuisines and entertainment opportunities.

Marina Beach is only a short walk away from those looking to soak up the sun. The beach is known for its pristine sands with crystal-clear seas, making it a popular location for tourists and locals.

Dubai Marina Mall, one of the city’s premier shopping destinations, is nearby. The mall offers a variety of high-end boutiques, restaurants, and entertainment opportunities. We are making it a popular destination for shoppers.

Nearest Metro Station

The nearest metro station to Marina Diamond 1 is the Dubai Marina. The station is located on Dubai Metro’s Red Line. The station is just a short walk from the building, making it easy for residents to travel to other parts of the city.

Here are some key points to keep in mind:

• Marina Diamond 1 is situated at the heart of Dubai Marina, one of Dubai’s most sought-after neighborhoods.
• The building is near various attractions, including Marina Walk, The Walk, Marina Beach, and Dubai Marina Mall.
• The Dubai Marina metro stop on the Red Line is the closest to Marina Diamond 1.
• The station is just a short walk from the building, making it easy for residents to travel to other parts of the city.

Apartment Details

Types of Units

Marina Diamond 1 in Dubai Marina offers various units, including studios and apartments with one or two bedrooms. The apartments are available in three types: Type A, Type B, and Type C.

Floor Plans

The floor plans of Marina Diamond 1 apartments are thoughtfully designed and offer spacious living areas. The apartments come with 2D and 3D floor plans, which can be viewed online. Here are some critical details about the floor plans:

• Type A: 1 bedroom, one bathroom, and approximately 750 sq. ft.
• Type B: 1 bedroom, one bathroom, and approximately 700 sq. ft.
• Type C: 1 bedroom, one bathroom, roughly 750 sq. ft.

The apartments in Marina Diamond 1 are available in both furnished and unfurnished options. The furnished apartments are equipped with modern amenities and are perfect for those who want to move in quickly without the hassle of setting up their furniture. On the other hand, the Unfurnished flats enable residents to customize their living space according to their preferences.

Overall, Marina Diamond 1 offers a great selection of apartments that cater to the needs of different individuals and families. Whether you are looking for a studio or a spacious apartment with multiple bedrooms, you will find a unit that meets your requirements.

Amenities and Facilities

Marina Diamond 1 is a residential complex offering its residents various amenities. The following sections provide a summary of the key features accessible to residents.

Fitness and Recreation

• The complex has a fully equipped gymnasium that is available to all residents. The gym has modern equipment suitable for those who want to maintain their fitness levels.
• There are two swimming pools available to residents. One pool is located on the rooftop of the building, while the other is on the ground floor. Both pools are well-maintained and provide a great place to relax and unwind.
• The complex has a sauna and steam room facilities perfect for relaxing after a workout or a long day at work.

Security and Safety

• The complex has CCTV cameras installed throughout the building to ensure the safety of residents.
• The building has 24-hour security service to ensure residents feel safe and secure.
• The complex has high-speed elevators that are secure and safe to use.

Additional Features

• The complex has a communal pool that is available to all residents. The pool is well-maintained and provides a great place to relax and socialize.
• The building has a security service available 24 hours a day, seven days a week.
• The complex has additional features, including high-speed internet, covered parking, and a concierge service.

Overall, Marina Diamond 1 is a great place to live for those who want to enjoy various amenities and facilities. The complex is well-maintained and provides a safe and secure environment for residents.

Investment Information

Price Trends

Marina Diamond 1 is a residential complex developed by Diamond Investments LLC in Dubai Marina. The development was completed in 2006 and offers 194 residential units, including studios and 1-2 bedroom apartments. The prices of apartments in Marina Diamond 1 have been stable over the past few years, making it an attractive investment option.

Here are some key points to consider:

• The average sales price for a studio apartment in Marina Diamond 1 is around AED 500,000.
• A one-bedroom apartment in Marina Diamond 1 has an average sales price of around AED 800,000.
• The average sales price of a 2-bedroom flat in Marina Diamond 1 is approximately AED 1,300,000.
• Diamond Investments LLC is a well-known developer in Dubai, which adds to the credibility of the investment.

Rental Yield

Investing in Marina Diamond 1 apartments can provide a consistent revenue stream with attractive rental returns, making them a fantastic investment option for rental income seekers.

Here are some key points to consider:

• A studio apartment in Marina Diamond 1 has an average monthly rent of approximately AED 2,917.
• A one-bedroom flat in Marina Diamond 1 has an average monthly rent of around AED 55,000 annually.
• The yearly rent for a 2-bedroom flat in Marina Diamond 1 is approximately AED 85,000.
• The return on investment (ROI) for apartments in Marina Diamond 1 is around 6-7%, a good return on investment.

Investing in Marina Diamond 1 can be a good investment option for those looking for a stable and reliable investment. The prices and rental yields have been stable over the past few years, making it an attractive option for investors. Diamond Investments LLC is a well-known developer in Dubai, which adds to the credibility of the investment.

Developer Profile

Marina Diamond 1 is a residential complex constructed by Diamond Investments LLC, a renowned property developer in Dubai. The company is famous for producing top-notch projects catering to contemporary living needs. Here are some significant points related to the project: 

Developer:

• Diamond Investments LLC is a Dubai-based property development company that has been in operation for over a decade.
• The company specializes in constructing luxury residential and commercial properties across Dubai and other areas of the UAE.
• Diamond Investments LLC is the developer behind the Marina Diamond project, which comprises six towers in Dubai Marina.
• The company’s focus on quality, innovation, and sustainability has earned it a reputation as one of the leading property developers in the region.

Marina Diamond 1 is one of the most popular developments in Dubai Marina, thanks to its prime location, quality construction, and modern amenities. Here are some key points about the development:

• Marina Diamond 1 is a 15-storey residential tower with 194 apartments, including studios and 1-2 bedroom apartments.
• The development was completed in 2006 and is part of the Marina Diamond project.
• Marina Diamond 1 offers 100% freehold ownership with a residency permit for its owners.
• The development features a range of amenities, including a well-equipped gym, two swimming pools, a sauna and steam room, and 24-hour security.

As a real estate owner or investor, you can have confidence in the building quality and reputation of Marina Diamond 1’s developers.

Living Experience

Marina Diamond 1 offers a luxurious living experience in the heart of Dubai Marina. The tower, developed by Diamond Investments, is a 20-story residential building providing an exceptional opportunity for those seeking luxury and convenience.

Community Lifestyle

The community lifestyle at Marina Diamond 1 is vibrant and diverse, offering residents a wide range of amenities and activities to enjoy. Here are some of the highlights:

• Restaurants: There are several restaurants near Marina Diamond 1, including the famous Pier 7, which offers a variety of international cuisine options.
• Cinemas: The Marina Mall is just next to the tower, which houses a cinema allowing residents to catch the latest movies.
• Supermarkets: The Marina Walk is a short walk from the tower, providing residents easy access to supermarkets such as Spinneys and Carrefour.
• Events: The Dubai Marina Mall hosts regular events and activities, including live music performances, art exhibitions, and seasonal celebrations.

Pet Policy

Marina Diamond 1 allows pets in flats, but with guidelines to ensure safety and comfort for all residents and their dogs.

• Pets must be kept on a leash when in common areas of the building.
• Owners must tidy up after their pets and properly dispose of their waste.
• Pets must not disturb other residents or cause damage to the building or property.

Marina Diamond 1 offers a luxurious and comfortable living environment in the heart of Dubai Marina, with a vibrant community culture and a pet-friendly policy.

Available Units and Sales

Marina Diamond 1 offers a range of available units for sale: studios, one-bedroom, and two-bedroom apartments. The building is split into two blocks, each containing three different types of flats. It provides 100% freehold ownership to its owners, along with a resident permit.

Here are some key points to know about available units and sales at Marina Diamond 1:

• A total of 17 properties are available for sale at Marina Diamond 1 as of March 25, 2024.
• The available units include studios and one-bedroom apartments.
• The prices for available units range from AED 699,000 to AED 1,200,000.
• Some of the available units offer installment payment plans.
• The authenticity of the properties was validated on January 19, 2024.

Suppose you are interested in purchasing a unit at Marina Diamond 1. In that case, it is recommended that you contact a verified SuperAgent or use a reputable property marketplace to ensure you get accurate information and a smooth transaction process.

Transportation and Parking

Marina Diamond 1 is located in Dubai Marina, a well-connected area with various transportation options. Here are some details about transportation and parking for Marina Diamond 1:

• Nearest Metro Station: Marina Diamond 1 is the Dubai Marina Metro Station on the Red Line. It takes around 10 minutes to walk from the building to the station. The station is a convenient mode of transportation for residents who wish to explore various regions of Dubai.
• Bus Routes: Several bus routes pass near Marina Diamond 1, including routes 8, 84, and F55A. These buses provide easy access to other areas of Dubai and are a convenient option for those who want to avoid walking to the metro station.
• Parking: Marina Diamond 1 has an underground parking facility available for residents. The parking facility is secure and provides ample space for residents to park their vehicles. A valet service is also available for those who prefer to avoid parking their cars.
• Floors: Marina Diamond 1 is a 15-storey building with residential units on all floors. The building has elevators, making it easy for residents to access their units.

In summary, Marina Diamond 1 connects to other parts of Dubai through the metro and bus routes. The building also has its own secure underground parking facility and valet service.

Nearby Projects and Developments

Marina Diamond 1 is a part of the larger Marina Diamond project, which includes Marina Diamond 2, Marina Diamond 3, and Marina Diamond 4. The project was developed by Diamond Investments LLC and was completed in 2006.

Here are some other projects and developments in the surrounding area:

• Marina Diamonds: This cluster of six towers in Dubai Marina is adjacent to Marina Diamond 1. The towers offer residential and commercial spaces, including apartments, offices, and retail outlets.
• Marina Gate: Developed by Select Group, Marina Gate is a mixed-use development with three residential towers and a range of retail and dining options. The towers offer a mix of luxury apartments and Penthouses with spectacular views of the marina and Arabian Gulf.
• Jumeirah Beach Residence (JBR): Located just a short walk away from Marina Diamond 1, JBR is a popular waterfront community that offers a range of residential, retail, and dining options. The development includes a mix of high-rise and low-rise buildings, with 40 residential towers and over 6,000 apartments.
• Bluewaters Island: This artificial island is located off the coast of JBR and is connected to the mainland by a pedestrian bridge. The island has various residential, retail, and entertainment options, including the iconic Ain Dubai Ferris wheel.
• Dubai Eye: This is another observation wheel currently being constructed on Bluewaters Island. Once completed, it will be the most giant observation wheel in the world, offering stunning views of the Dubai skyline and the Arabian Gulf.

These projects and developments are just a few examples of the vibrant and dynamic neighborhood that surrounds Marina Diamond 1. Whether you’re looking for a new home, a place to work, or a spot to relax and unwind, there’s something for everyone in this bustling part of Dubai.

Frequently Asked Questions

What amenities are available at Marina Diamond 1?

• Marina Diamond 1 offers a range of amenities to its residents, such as a fully-equipped gym, swimming pool, sauna, steam room, and more.

How does Marina Diamond 1 compare to other Marina Diamond buildings?

• Marina Diamond 1 is one of six mid-rise buildings in the Marina Diamonds complex in Dubai Marina. Compared to other buildings in the complex, Marina Diamond 1 offers a convenient location, with easy access to public transportation and nearby amenities.

What are the average rental prices in Marina Diamond 1?

• The average rental prices in Marina Diamond 1 vary depending on the size and type of apartment. As of March 2024, the average rental price for a studio apartment is around AED 50,000 per year, while a one-bedroom apartment can cost around AED 70,000 per year.

What public transportation options are near Marina Diamond 1?

• Marina Diamond 1 is conveniently located near the Dubai Marina Metro Station, which provides easy access to other parts of Dubai. Additionally, several bus stops and taxi stands are in the area, making it easy to get around.

Can you provide information on the security features of Marina Diamond 1?

• Marina Diamond 1 has 24-hour security and surveillance, protecting the residents’ safety and security. Additionally, the building has secure access control systems and CCTV cameras in all common areas.

What are the pros and cons of living in Marina Diamond 1?

• Pros:
  • Convenient location in Dubai Marina with easy access to public transportation and nearby amenities.
  • Range of amenities available to residents, including a gym, swimming pool, and more.
  • 24-hour security and surveillance for added safety and security.
• Cons:
  • Compared to other districts in Dubai, the rental fees can be relatively high.
  • Limited parking spaces are available for residents.

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