1002, Time Place Tower
Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1002, Time Place Tower
What is 1002 worth today?
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Source: Dubai Land Department. Updated 26 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 787 sqft
- Floor
- 10th of 34
- Parking
- 33(B02)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 18,100 /yr
- Last sold
- AED 1M · June 2024
- Building
- Time Place Tower
About 1002, Time Place Tower
1002 is a one-bedroom apartment of 787 sqft on the 10th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 26 June 2024 for AED 1,000,000, or AED 1,271 per sqft, 3% below the AED 1,317 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 10 August 2023, is AED 60,720 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 18,100 a year.
Sales and rents for 1002 over time
1002 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Time Place Tower, and where 1002 sits
All 190 1-beds →1002 last sold in June 2024 at AED 1,271 per sqft, 3% below what one-beds in Time Place Tower were fetching at the time (AED 1,317). Over the last 12 months one-beds sold for AED 800,000 to 1,520,000, around AED 1,610 per sqft, and rent for AED 40,000 to 163,000 a year. 1002's AED 60,720 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Oct 202628 October 2026 | 692 sqft | 1,000,000 | 1,445 | ||
| 22 Oct 202622 October 2026 | 878 sqft | 1,250,000 | 1,423 | ||
| 10 Sep 202610 September 2026 | 873 sqft | 1,520,000 | 1,741 | ||
| 25 Aug 202625 August 2026 | 815 sqft | 1,470,000 | 1,802 |
Time Place Tower
Building300 apartments, studios to 4-bed over 34 floors in Dubai Marina, completed in 2009 by Abraj Constructions. 18 sold in the last 12 months.
- Typical price per sqft
- AED 1,602 Up 1.3%
- Typical sale
- AED 1.28M
- Typical rent
- AED 85K /yr
- Typical yield
- 6.3%
Other units on the 10th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 692 sqft | AED 1.06MAED 1,060,000 · Oct 2014October 2014 | 68,400 /yr | |
| 1003 | 1-bed | 815 sqft | AED 1.38MAED 1,375,000 · Jun 2024June 2024 | 85,000 /yr | |
| 1004 | 2-bed | 1,226 sqft | AED 1.05MAED 1,050,000 · Feb 2010February 2010 | ||
| 1005 | 2-bed | 1,314 sqft | AED 950KAED 950,292 · Nov 2010November 2010 | ||
| 1006 | 3-bed | 1,944 sqft | AED 1.57MAED 1,565,000 · Feb 2021February 2021 | 164,260 /yr | |
| 1007 | 1-bed | 869 sqft | AED 646KAED 645,906 · Oct 2009October 2009 | 95,000 /yr | |
| 1008 | 1-bed | 789 sqft | AED 920KAED 920,000 · Jun 2018June 2018 | 73,000 /yr | |
| 1009 | 1-bed | 704 sqft | AED 805KAED 805,000 · Jun 2023June 2023 | 70,000 /yr |
1002, Time Place Tower in numbers
- Sold twice: first on 24 October 2010 for AED 564,064, last on 26 June 2024 for AED 1,000,000 (AED 1,271 per sqft).
- Rented since April 2016 on 8 Ejari contracts. The rent fell from AED 83,000 to AED 43,000 in 2020 and recovered to AED 60,720 by August 2023.
- At AED 60,720 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 18,100 a year (AED 23.00 per sqft).
- One-beds in Time Place Tower sold for AED 800,000–1,520,000 in the 12 months to November 2026; the building's median across all types is AED 1,602 per sqft.
Source: Dubai Land Department. Updated 26 June 2024.
Questions about 1002, Time Place Tower
What did unit 1002 last sell for?
AED 1,000,000 on 26 June 2024: AED 1,271 per sqft for 787 sqft. The unit has 2 registered sales; the first was AED 564,064 in October 2010.
What is the rent for unit 1002?
AED 60,720 a year on the contract renewed on 10 August 2023. The previous contract, from August 2022, was AED 55,200; the unit has been rented since April 2016.
How big is unit 1002?
787 sqft (73.1 sqm): a one-bedroom apartment on the 10th floor of a 34-storey tower completed in 2009.
What is unit 1002 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Time Place Tower sold for AED 800,000 to 1,520,000 in the last 12 months, around AED 1,610 per sqft.
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Mortgage on 1002, Time Place Tower
Starts from the last sale price (AED 1M, 26 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →