1405, Time Place Tower
Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1405, Time Place Tower
What is 1405 worth today?
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Source: Dubai Land Department. Updated 10 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,314 sqft
- Floor
- 14th of 34
- Parking
- 6(B01)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 30,200 /yr
- Last sold
- AED 996K · October 2012
- Building
- Time Place Tower
About 1405, Time Place Tower
1405 is a two-bedroom apartment of 1,314 sqft on the 14th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 1 October 2012 for AED 995,544, or AED 757 per sqft, in line with the AED 760 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 10 October 2024, is AED 115,000 a year: a gross yield of 11.6% on the 2012 price, before the service charge of about AED 30,200 a year.
Sales and rents for 1405 over time
1405 has sold once; the dashed line is the two-bed median of each year in the building.
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 1405 sits
All 68 2-beds →1405 last sold in October 2012 at AED 757 per sqft, in line with what two-beds in Time Place Tower were fetching at the time (AED 760). 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. 1405's AED 115,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Oct 202624 October 2026 | 1,314 sqft | 1,825,000 | 1,388 | ||
| 17 Apr 202517 April 2025 | 1,259 sqft | 2,200,000 | 1,747 | ||
| 11 Apr 202511 April 2025 | 1,161 sqft | 1,690,000 | 1,456 | ||
| 5 Feb 20255 February 2025 | 1,226 sqft | 1,940,000 | 1,582 |
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 14th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 692 sqft | AED 720KAED 720,000 · Apr 2013April 2013 | 65,000 /yr | |
| 1402 | 1-bed | 787 sqft | AED 993KAED 993,000 · Jul 2018July 2018 | 82,000 /yr | |
| 1403 | 1-bed | 815 sqft | AED 1.25MAED 1,250,000 · Aug 2024August 2024 | 92,000 /yr | |
| 1404 | 2-bed | 1,226 sqft | AED 1.94MAED 1,940,000 · Feb 2025February 2025 | 140,000 /yr | |
| 1406 | 3-bed | 1,944 sqft | AED 1.55MAED 1,550,000 · May 2021May 2021 | 195,000 /yr | |
| 1407 | 1-bed | 869 sqft | AED 677KAED 677,034 · Feb 2011February 2011 | 84,000 /yr | |
| 1408 | 1-bed | 789 sqft | AED 830KAED 830,000 · Oct 2022October 2022 | 80,000 /yr | |
| 1409 | 1-bed | 704 sqft | AED 840KAED 840,000 · Apr 2018April 2018 |
1405, Time Place Tower in numbers
- Sold once: by Abraj Constructions on 1 October 2012 for AED 995,544, or AED 757 per sqft.
- Rented since May 2014 on 9 Ejari contracts. The rent fell from AED 120,000 to AED 61,000 in 2020 and recovered to AED 115,000 by October 2024.
- At AED 115,000 a year the gross yield on the 2012 price is 11.6%, before a service charge of about AED 30,200 a year (AED 23.00 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 10 October 2024.
Questions about 1405, Time Place Tower
What did unit 1405 last sell for?
AED 995,544 on 1 October 2012, sold by the developer: AED 757 per sqft for 1,314 sqft. It is the only registered sale of the unit.
What is the rent for unit 1405?
AED 115,000 a year on the contract signed on 10 October 2024. The previous contract, from October 2024, was AED 115,000; the unit has been rented since May 2014.
How big is unit 1405?
1,314 sqft (122.1 sqm): a two-bedroom apartment on the 14th floor of a 34-storey tower completed in 2009.
What is unit 1405 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 1405, Time Place Tower
Starts from the last sale price (AED 996K, 1 October 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 995,544
- Deposit, UAE resident (20%)
- AED 199,109
- Deposit, non-resident (40%)
- AED 398,218
- Monthly over 25 years at 3.7%
- AED 4,073
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →