A novel dual-band, single element multiple input multiple output (MIMO) dielectric resonator antenna (DRA) with a modest frequency tuning ability is presented in this communication. The proposed antenna operates at GPS L1/Bluetooth/Wi-Fi/LTE2500/WLAN2400 frequency bands. A single dielectric resonator element is fed by two coaxial probes to excite the orthogonal modes. A couple of slots are introduced on the ground plane to improve the isolation between antenna ports. The slots also serve the purpose of reconfiguration in the lower band on placement of switches at optimized locations. The measured impedance bandwidth is 5.16% (1.41–1.49 GHz) in the lower band and 26% (2.2–2.85 GHz) in the higher band. The lower band reconfigures with an impedance bandwidth of 6.5% (1.55–1.65 GHz) when PIN diodes are switched ON. The gain, efficiency, correlation coefficient, and diversity gain of the MIMO DRA are presented with a close agreement between simulated and measured results.