Diamond Building
Diamond Building is a 10-storey residential building in Jumeirah Garden City, Al Satwa, Dubai, developed by Dubai Development Authority. Construction began in 2022 and the building is now complete and ready to move into. It offers a mix of one, two and three-bedroom apartments, with two-bedroom units the most frequently recorded in Dubai Land Department sales. This guide covers Diamond Building's building profile, location and honest Airbnb income potential, with management available from Royale Stays for a fee starting from 15%.
Developer
Dubai Development Authority
Storeys
10
Status
Complete
Location
Jumeirah Garden City, Al Satwa
About Diamond Building
Diamond Building is a 10-storey residential building in Jumeirah Garden City, developed by Dubai Development Authority. Construction began in 2022, and the building now carries a complete, ready-to-move-in status. It offers a mix of one, two and three-bedroom apartments, with two-bedroom units the most frequently recorded in Dubai Land Department sales.
Developer and storey count are corroborated across two independent sources (Propsearch.ae and Dubricks.com both record Dubai Development Authority as developer and 10 storeys). Total unit count is not published by either source and is not stated in this guide.
Location & Nearby Landmarks
Diamond Building sits in Jumeirah Garden City, a freehold district in Al Satwa just north of Sheikh Zayed Road, between DIFC and Downtown Dubai on one side and the Jumeirah Beach corridor on the other. The Museum of the Future is roughly 1.0 km away, Jumeirah Mosque is about 1.5 km, and La Mer is roughly 1.8 km. DIFC is around 1.2 km away, City Walk about 2.1 km, and Downtown Dubai roughly 2.8 km. Dubai Mall is around an 11 minute drive and Dubai International Airport (DXB) is about 15 minutes away.
For a wider view of the district's freehold market and rental context, see Royale Stays' Airbnb management guide for Jumeirah Garden City. For two other buildings in the same district, see Royale Stays' Building Guides for Arista One and Hyde Walk Residence.
Unit Types
Diamond Building offers a mix of one, two and three-bedroom apartments across its 10 storeys. Two-bedroom units are the most frequently recorded in Dubai Land Department transactions, typically ranging from around 1,328 to 1,645 sq ft. Property Finder's aggregated data for the building puts average sale prices at around AED 1.4 million for one-bedroom units, AED 2.28 million for two-bedroom units and AED 3.47 million for three-bedroom units.
Total unit count is not published by either of the two sources that agree on developer and storeys (Propsearch.ae, Dubricks.com), so no total figure is stated here.
Amenities
Individual unit listings for Diamond Building describe access to a temperature-controlled swimming pool, a gym and fitness centre, a lobby and lounge area, covered parking and 24 hour security.
Amenity details come from a single licensed-brokerage listing rather than an official building-wide amenity list, so treat this as indicative of typical unit marketing rather than a confirmed shared-facility roster.
Transportation & Access
Diamond Building has no Metro station directly on site; the district's nearest options sit toward the DIFC and World Trade Centre area, similar to Royale Stays' other Jumeirah Garden City buildings. From Diamond Building, Dubai Mall is roughly an 11 minute drive, Palm Jumeirah is about 22 minutes, Burj Al Arab is roughly 20 minutes and The Walk JBR is about 25 minutes. Dubai International Airport (DXB) is roughly 15 minutes away and Al Maktoum International Airport (DWC) is about 46 minutes away.
Drive-time and distance estimates are sourced from Propsearch.ae's Google Maps based commute figures. Metro-access framing is consistent with Royale Stays' own published Jumeirah Garden City Area Guide, which found no Metro station within the wider district.
Sale & Rental Price Trends
Recorded Dubai Land Department sales for two-bedroom units in Diamond Building have ranged from around AED 1.44 million to AED 2.53 million over the past year, with the most recent recorded sale on 20 August 2026 at AED 2.18 million, for a 1,328 sq ft unit at roughly AED 1,640 per sq ft. Property Finder's aggregated 12 month listing data puts the average sale price across all unit types at around AED 2.3 million, with an average of roughly AED 1,704 per sq ft and an estimated rental yield of about 6.6%. A sample rental listing for a two-bedroom, 1,365 sq ft unit showed an asking rent of AED 155,000 per year.
Sale pricing draws on Propsearch.ae's Dubai Land Department transaction ledger and Property Finder's independent aggregated price-insight data for the building, which converge closely. The rental figure is a single sample listing (Goldcoastuae.ae, RERA No.40211), not a building-wide average.
Airbnb & STR Income Potential
Al Satwa is not currently one of Royale Stays' five core managed areas (Palm Jumeirah, Dubai Marina, Downtown Dubai, JBR and Business Bay), so this guide does not claim a Royale Stays management track record at Diamond Building specifically. Dubai Development Authority, the building's developer, is a government development authority rather than a restricted hotel brand, so there is no confirmed policy barrier to running a licensed holiday home in the building.
Every short-term rental in Dubai requires a DTCM holiday home permit. Royale Stays can arrange the permit application and manage the day-to-day operation, including for owners based overseas, for a fee starting from 15%, covering furnishing, photography, pricing, check-in and guest communications. See Royale Stays' Dubai holiday home permit guide for the current permit process, or the full guide to Airbnb property management in Dubai for how the service works end to end.
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