1601, Time Place Tower
Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Time Place Tower
What is 1601 worth today?
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Source: Dubai Land Department. Updated 15 September 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 692 sqft
- Floor
- 16th of 34
- Parking
- 25(A00)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 15,900 /yr
- Last sold
- AED 710K · September 2022
- Building
- Time Place Tower
About 1601, Time Place Tower
1601 is a one-bedroom apartment of 692 sqft on the 16th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 15 September 2022 for AED 710,000, or AED 1,026 per sqft, in line with the AED 1,017 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 15 October 2021, is AED 43,000 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 15,900 a year.
Sales and rents for 1601 over time
1601 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 1601 sits
All 190 1-beds →1601 last sold in September 2022 at AED 1,026 per sqft, in line with what one-beds in Time Place Tower were fetching at the time (AED 1,017). 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. 1601's AED 43,000 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 16th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 787 sqft | AED 606KAED 606,106 · Apr 2010April 2010 | 65,000 /yr | |
| 1603 | 1-bed | 815 sqft | AED 875KAED 875,000 · Dec 2022December 2022 | 75,000 /yr | |
| 1604 | 2-bed | 1,226 sqft | AED 1.1MAED 1,100,000 · Apr 2022April 2022 | 105,000 /yr | |
| 1605 | 2-bed | 1,314 sqft | AED 1.83MAED 1,825,000 · Oct 2026October 2026 | 80,000 /yr | |
| 1606 | 3-bed | 1,944 sqft | AED 2.23MAED 2,230,000 · Jun 2023June 2023 | 150,000 /yr | |
| 1607 | 1-bed | 869 sqft | AED 1.4MAED 1,400,000 · Jan 2026January 2026 | 84,808 /yr | |
| 1608 | 1-bed | 789 sqft | AED 1.25MAED 1,250,000 · Apr 2025April 2025 | 73,063 /yr | |
| 1609 | 1-bed | 704 sqft | AED 520KAED 519,992 · Feb 2010February 2010 | 15,600 /yr |
1601, Time Place Tower in numbers
- Sold twice: first on 13 July 2011 for AED 259,677, last on 15 September 2022 for AED 710,000 (AED 1,026 per sqft).
- Rented since April 2015 on 6 Ejari contracts, from AED 85,000 to AED 43,000 a year.
- At AED 43,000 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 15,900 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 15 September 2022.
Questions about 1601, Time Place Tower
What did unit 1601 last sell for?
AED 710,000 on 15 September 2022: AED 1,026 per sqft for 692 sqft. The unit has 2 registered sales; the first was AED 259,677 in July 2011.
What is the rent for unit 1601?
AED 43,000 a year on the contract renewed on 15 October 2021. The previous contract, from October 2020, was AED 43,000; the unit has been rented since April 2015.
How big is unit 1601?
692 sqft (64.3 sqm): a one-bedroom apartment on the 16th floor of a 34-storey tower completed in 2009.
What is unit 1601 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 1601, Time Place Tower
Starts from the last sale price (AED 710K, 15 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 710,000
- Deposit, UAE resident (20%)
- AED 142,000
- Deposit, non-resident (40%)
- AED 284,000
- Monthly over 25 years at 3.7%
- AED 2,905
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →