Diamond rents
- 131 new leases and 214 renewals in 12 months
- Palm Jumeirah
- near Knowledge Village
A two-bed here leases for about AED 263,750 a year, 23% above the typical Palm Jumeirah two-bed. New tenants pay more than renewing ones, who pay AED 215,050.
2 bed · typical new lease
263,750AEDa year
AED 157/sqft · -4.1% on a year
- A month, roughly
- AED 21,979
- Renewal
- AED 215,050
- vs Palm Jumeirah 2 bed
- 23% above the median
- New leases, 12 months
- 52
What should a lease in Diamond cost?A two-bed leases for about AED 263,750 a year; new tenants pay 22.6% more than renewing ones
Median annual rent, AED a year, on Ejari leases starting in the 12 months to 12 Oct 2026. Renewal is blank where too few were registered; “typical” is the Palm Jumeirah median for the type.
Ask an agent about this rent →Rent history and contracts
Every contract registered with Ejari — data to 2026-10-12.
A two-bed here now costs 4.1% less than a year earlier: AED 263,750 against 275,000.
Chart data, 2 bed: 2015, AED 215,000; latest, 2026, AED 263,750; peak, 2025, AED 275,000.
The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.
About DiamondAn apartment building in Palm Jumeirah, a 15-minute drive from Dubai Marina
Diamond is an apartment building completed in 2009 in Palm Jumeirah. 345 yearly leases, new and renewed, were registered with Ejari in the last 12 months.
Drive times · typical
- Downtown
- 25 min · 22 km
- DXB Airport
- 30 min · 35 km
- DIFC
- 21 min · 24 km
- Dubai Marina
- 15 min · 8.0 km
- Palm Jumeirah
- 13 min · 4.6 km
Nearest, as registered
- Metro
- Knowledge Village
- Mall
- Marina Mall
- Landmark
- Burj Al Arab
Letting a unit in Diamond?New tenants pay more than renewing ones
- New tenant vs renewal
- +27.3%
- New leases AED 260,000, renewals 204,321, all types
- Short-let instead, two-bed
- AED 1,256
- a night on Airbnb; nets 0.9× the yearly rent at 70% occupancy, after fees, cleaning and utilities
Ejari leases to 12 Oct 2026 · Airbnb asking rates for the next 12 months; occupancy is an assumption, not a measurement
Thinking of selling? Diamond sale prices →Comparables in Palm Jumeirah
Every Palm Jumeirah building with a page, ranked by annual rent per sqft over the same 12 months, all unit types. Diamond places 22nd of 59; the nearest 8 are shown.
Rank 1 is the dearest per square foot. Differences are against Diamond.
At 2 bed, Diamond ranks 10th of 44 by rent per square foot in Palm Jumeirah.
Market context in Palm Jumeirah
Registered sales activity
748 ready apartment sales in the 12 months to 2026-10-12.
+3.4% in median AED/sqft versus the preceding year, supported by 748 current and 1,092 prior price observations.
Explore sales activityPlanned apartment projects
1,382 known registered units across 7 pending projects planned within one year of the 2026-07-06 register.
3 projects had already passed their planned date; 2 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today.
Ready prices per sqft fell in 26% of 34 buildings (counted once per bedroom type) in Palm Jumeirah with sales in both years; the typical one moved +3.4%.
New-lease rents fell in 81% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved −6.8%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
The Tiara Residence towers
6 towers in Tiara Residence, at the bedroom type above.
Ejari files Tiara Residence’s leases under the project, not a tower, so 5 towers share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.
Palm Jumeirah: every development at this typePalm Jumeirah: every development at this type
Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 2 bed. A median needs 3 rows; a dash with a count means fewer.
Nearby in Palm Jumeirah
Prices per sq ft around Diamond, on the mapPrices per sq ft around Diamond, on the map
Aquamarine
Palm Jumeirah · 131 contracts, 12 months
260,000
AED a year median · 149/sqft
Emerald
Palm Jumeirah · 131 contracts, 12 months
260,000
AED a year median · 149/sqft
Tanzanite
Palm Jumeirah · 131 contracts, 12 months
260,000
AED a year median · 149/sqft
Ruby
Palm Jumeirah · 131 contracts, 12 months
260,000
AED a year median · 149/sqft
Ask about Diamond
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Common questions
- What is the registered annual rent for a 2 bedroom in Diamond?
- The median new annual rent is AED 263,750, from 52 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Diamond risen or fallen?
- The median new annual rent changed -4.1% in the trailing 12 months against the previous 12, using 52 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- Do new tenants in Diamond pay more than sitting ones?
- A new tenant pays +22.6% against a renewing one, across 75 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.
- How many apartments change hands in Diamond?
- 2 sales were registered with the Dubai Land Department in the last 12 months, alongside 52 Ejari rental contracts. Every median on this page rests on those counts.
- Which metro station is closest to Diamond?
- Knowledge Village, per the Dubai Land Department's own nearest-landmark fields. The nearest mall is Marina Mall.
For agents
Send this page to a client as a branded report
Diamond rental record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 45 registered rental contracts in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /rent/apartments/dubai/palm-jumeirah/diamond
Cite as: Dubai Wealth Index. “Diamond rents and yield.” Palm Jumeirah, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/rent/apartments/dubai/palm-jumeirah/diamond
Stable dataJSON