1506, Time Place Tower
Sold prices and rental history: sold 3 times, last in July 2021, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Time Place Tower
What is 1506 worth today?
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Source: Dubai Land Department. Updated 1 November 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,944 sqft
- Floor
- 15th of 34
- Parking
- 41(A00)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 44,700 /yr
- Last sold
- AED 1.65M · July 2021
- Building
- Time Place Tower
About 1506, Time Place Tower
1506 is a three-bedroom apartment of 1,944 sqft on the 15th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 1 July 2021 for AED 1,650,000, or AED 848 per sqft, 3% above the AED 822 three-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, renewed on 1 November 2024, is AED 155,000 a year: a gross yield of 9.4% on the 2021 price, before the service charge of about AED 44,700 a year.
Sales and rents for 1506 over time
1506 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Time Place Tower, and where 1506 sits
All 33 3-beds →1506 last sold in July 2021 at AED 848 per sqft, 3% above what three-beds in Time Place Tower were fetching at the time (AED 822). Over the last 12 months three-beds sold for AED 2,800,000 to 3,200,000, around AED 1,543 per sqft, and rent for AED 140,000 to 195,000 a year. 1506's AED 155,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Apr 202624 April 2026 | 1,944 sqft | 2,800,000 | 1,440 | ||
| 24 Nov 202524 November 2025 | 1,944 sqft | 3,200,000 | 1,645 | ||
| 23 May 202523 May 2025 | 1,891 sqft | 3,675,000 | 1,943 | ||
| 11 Mar 202511 March 2025 | 1,891 sqft | 1,500,000 | 793 |
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 15th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 692 sqft | AED 850KAED 850,000 · Jan 2023January 2023 | 48,000 /yr | |
| 1502 | 1-bed | 787 sqft | AED 1.54MAED 1,535,000 · Aug 2025August 2025 | 67,000 /yr | |
| 1503 | 1-bed | 815 sqft | AED 1.03MAED 1,025,000 · Mar 2018March 2018 | 80,000 /yr | |
| 1504 | 2-bed | 1,226 sqft | AED 1.45MAED 1,450,000 · Apr 2023April 2023 | 109,580 /yr | |
| 1505 | 2-bed | 1,314 sqft | AED 1.6MAED 1,600,000 · May 2016May 2016 | 120,000 /yr | |
| 1507 | 1-bed | 869 sqft | AED 900KAED 900,000 · Mar 2023March 2023 | 68,212 /yr | |
| 1508 | 1-bed | 789 sqft | AED 770KAED 770,000 · Apr 2012April 2012 | 60,000 /yr | |
| 1509 | 1-bed | 704 sqft | AED 1.1MAED 1,100,000 · Feb 2025February 2025 | 105,000 /yr |
1506, Time Place Tower in numbers
- Sold 3 times: first on 2 May 2010 for AED 1,584,856, last on 1 July 2021 for AED 1,650,000 (AED 848 per sqft).
- Rented since May 2017 on 9 Ejari contracts. The rent fell from AED 185,000 to AED 110,000 in 2019 and recovered to AED 155,000 by November 2024.
- At AED 155,000 a year the gross yield on the 2021 price is 9.4%, before a service charge of about AED 44,700 a year (AED 23.00 per sqft).
- Three-beds in Time Place Tower sold for AED 2,800,000–3,200,000 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 1 November 2024.
Questions about 1506, Time Place Tower
What did unit 1506 last sell for?
AED 1,650,000 on 1 July 2021: AED 848 per sqft for 1,944 sqft. The unit has 3 registered sales; the first was AED 1,584,856 in May 2010.
What is the rent for unit 1506?
AED 155,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2024, was AED 155,000; the unit has been rented since May 2017.
How big is unit 1506?
1,944 sqft (180.6 sqm): a three-bedroom apartment on the 15th floor of a 34-storey tower completed in 2009.
What is unit 1506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Time Place Tower sold for AED 2,800,000 to 3,200,000 in the last 12 months, around AED 1,543 per sqft.
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Mortgage on 1506, Time Place Tower
Starts from the last sale price (AED 1.65M, 1 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,650,000
- Deposit, UAE resident (20%)
- AED 330,000
- Deposit, non-resident (40%)
- AED 660,000
- Monthly over 25 years at 3.7%
- AED 6,751
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →