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2-bed · 1,314 sqftTime Place Tower, Dubai Marina · 10th floor · completed 2009

1005, Time Place Tower

Sold prices and rental history: sold once, by the developer in November 2010, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1005 · DLD and Ejari recordsUpdated 21 November 2010
Last soldAED 950K21 November 2010
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1005, Time Place Tower

What is 1005 worth today?

Last sold for AED 950,292 in 2010

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21 Nov 2010Sold by developerReady
AED 950,292AED 723 per sqft

Source: Dubai Land Department. Updated 21 November 2010.

Key facts

Type
2-bed apartment
Size
1,314 sqft
Floor
10th of 34
Parking
50(B02)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 30,200 /yr
Last sold
AED 950K · November 2010
Building
Time Place Tower

About 1005, Time Place Tower

1005 is a two-bedroom apartment of 1,314 sqft on the 10th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 21 November 2010 for AED 950,292, or AED 723 per sqft, 9% below the AED 798 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1005 over time

Sales
Unit 1005, each saleTypical two-bed in Time Place Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 970,091; 2010 AED 1,008,027; 2011 AED 809,470; 2012 AED 950,000; 2013 AED 1,100,000; 2014 AED 2,000,000; 2015 AED 1,066,667; 2016 AED 1,600,000; 2017 AED 788,938; 2018 AED 1,275,000; 2019 AED 1,265,118; 2020 AED 1,075,000; 2021 AED 1,030,000; 2022 AED 1,420,000; 2023 AED 1,450,000; 2024 AED 1,745,632; 2025 AED 2,020,000Sold by developer, November 2010: AED 950,292 (AED 723 per sqft)

1005 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1005, each contractTypical two-bed in Time Place Tower
75K100K125K2012201620202024Typical rent by year: 2012 AED 77,500; 2013 AED 100,000; 2014 AED 120,000; 2015 AED 124,000; 2016 AED 127,500; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 85,500; 2020 AED 73,846; 2021 AED 75,000; 2022 AED 87,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 121,689

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Time Place Tower, and where 1005 sits

All 68 2-beds →

1005 last sold in November 2010 at AED 723 per sqft, 9% below what two-beds in Time Place Tower were fetching at the time (AED 798). Over the last 12 months two-beds sold for AED 1,825,000, around AED 1,388 per sqft, and rent for AED 99,000 to 252,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Oct 20261,825,000
17 Apr 20252,200,000
11 Apr 20251,690,000
5 Feb 20251,940,000
1 2-bed sale in the last 12 months

Time Place Tower

Building

300 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%
Time Place Tower, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 300 units in Time Place Tower
Value
10011-bedAED 1.06M · Oct 2014
10021-bedAED 1M · Jun 2024
10031-bedAED 1.38M · Jun 2024
10042-bedAED 1.05M · Feb 2010
10063-bedAED 1.57M · Feb 2021
10071-bedAED 646K · Oct 2009
10081-bedAED 920K · Jun 2018
1–7 of 8

1005, Time Place Tower in numbers

  • Sold once: by Abraj Constructions on 21 November 2010 for AED 950,292, or AED 723 per sqft.
  • Two-beds in Time Place Tower sold for AED 1,825,000–1,825,000 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 21 November 2010.

Questions about 1005, Time Place Tower

What did unit 1005 last sell for?

AED 950,292 on 21 November 2010, sold by the developer: AED 723 per sqft for 1,314 sqft. It is the only registered sale of the unit.

How big is unit 1005?

1,314 sqft (122.1 sqm): a two-bedroom apartment on the 10th floor of a 34-storey tower completed in 2009.

What is unit 1005 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Time Place Tower sold for AED 1,825,000 to 1,825,000 in the last 12 months, around AED 1,388 per sqft.

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Mortgage on 1005, Time Place Tower

Starts from the last sale price (AED 950K, 21 November 2010). Switch to today's estimate once you have unlocked it.
Price
AED 950,292
Deposit, UAE resident (20%)
AED 190,058
Deposit, non-resident (40%)
AED 380,117
Monthly over 25 years at 3.7%
AED 3,888

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →