Home
Dubai prices
About
Research
1-bed · 789 sqftTime Place Tower, Dubai Marina · 15th floor · completed 2009

1508, Time Place Tower

Sold prices and rental history: sold twice, last in April 2012, and rented once, from July 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1508 · DLD and Ejari recordsUpdated 1 July 2014
Last soldAED 770K11 April 2012
Current rentAED 60K /yr1 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1508

Property timeline for 1508, Time Place Tower

What is 1508 worth today?

Last sold for AED 770,000 in 2012

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Jul 2014RentedNew contract
AED 60,000/yr12 months · AED 76 per sqft
11 Apr 2012SoldReady
AED 770,000AED 976 per sqft
1 Aug 2010Sold by developerReady
AED 565,075AED 716 per sqft

Source: Dubai Land Department. Updated 1 July 2014.

Key facts

Type
1-bed apartment
Size
789 sqft
Floor
15th of 34
Parking
38(A00)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 18,100 /yr
Last sold
AED 770K · April 2012
Building
Time Place Tower

About 1508, Time Place Tower

1508 is a one-bedroom apartment of 789 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 11 April 2012 for AED 770,000, or AED 976 per sqft, 54% above the AED 632 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2014. The current contract, signed on 1 July 2014, is AED 60,000 a year: a gross yield of 7.8% on the 2012 price, before the service charge of about AED 18,100 a year.

Sales and rents for 1508 over time

Sales
Unit 1508, each saleTypical one-bed in Time Place Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 638,124; 2010 AED 599,214; 2011 AED 493,178; 2012 AED 630,000; 2013 AED 613,113; 2014 AED 1,050,000; 2015 AED 715,470; 2016 AED 975,000; 2017 AED 915,000; 2018 AED 965,000; 2019 AED 750,000; 2020 AED 670,000; 2021 AED 722,500; 2022 AED 790,000; 2023 AED 950,000; 2024 AED 1,100,000; 2025 AED 1,235,000; 2026 AED 1,275,000Sold by developer, August 2010: AED 565,075 (AED 716 per sqft)Sold, April 2012: AED 770,000 (AED 976 per sqft)

1508 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1508, each contractTypical one-bed in Time Place Tower
60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 70,000; 2014 AED 84,000; 2015 AED 87,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 71,000; 2019 AED 62,000; 2020 AED 52,000; 2021 AED 50,000; 2022 AED 62,000; 2023 AED 70,000; 2024 AED 80,000; 2025 AED 84,000; 2026 AED 80,000New contract, July 2014: AED 60,000 a year

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 1508 sits

All 190 1-beds →

1508 last sold in April 2012 at AED 976 per sqft, 54% above what one-beds in Time Place Tower were fetching at the time (AED 632). 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. 1508's AED 60,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 20261,000,000
22 Oct 20261,250,000
10 Sep 20261,520,000
25 Aug 20261,470,000
13 1-bed sales 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 15th floor

All 300 units in Time Place Tower
Value
15011-bedAED 850K · Jan 2023
15021-bedAED 1.54M · Aug 2025
15031-bedAED 1.03M · Mar 2018
15042-bedAED 1.45M · Apr 2023
15052-bedAED 1.6M · May 2016
15063-bedAED 1.65M · Jul 2021
15071-bedAED 900K · Mar 2023
1–7 of 8

1508, Time Place Tower in numbers

  • Sold twice: first on 1 August 2010 for AED 565,075, last on 11 April 2012 for AED 770,000 (AED 976 per sqft).
  • Rented since July 2014 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2012 price is 7.8%, 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 1 July 2014.

Questions about 1508, Time Place Tower

What did unit 1508 last sell for?

AED 770,000 on 11 April 2012: AED 976 per sqft for 789 sqft. The unit has 2 registered sales; the first was AED 565,075 in August 2010.

What is the rent for unit 1508?

AED 60,000 a year on the contract signed on 1 July 2014.

How big is unit 1508?

789 sqft (73.3 sqm): a one-bedroom apartment on the 15th floor of a 34-storey tower completed in 2009.

What is unit 1508 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.

Selling 1508? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1508, Time Place Tower

Starts from the last sale price (AED 770K, 11 April 2012). Switch to today's estimate once you have unlocked it.
Price
AED 770,000
Deposit, UAE resident (20%)
AED 154,000
Deposit, non-resident (40%)
AED 308,000
Monthly over 25 years at 3.7%
AED 3,150

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