1602, Time Place Tower
Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Time Place Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 27 September 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 787 sqft
- Floor
- 16th of 34
- Parking
- 68(B03)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 18,100 /yr
- Last sold
- AED 606K · April 2010
- Building
- Time Place Tower
About 1602, Time Place Tower
1602 is a one-bedroom apartment of 787 sqft on the 16th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 8 April 2010 for AED 606,106, or AED 770 per sqft, in line with the AED 769 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, renewed on 27 September 2026, is AED 102,000 a year: a gross yield of 16.8% on the 2010 price, before the service charge of about AED 18,100 a year.
Sales and rents for 1602 over time
1602 has sold once; 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 1602 sits
All 190 1-beds →1602 last sold in April 2010 at AED 770 per sqft, in line with what one-beds in Time Place Tower were fetching at the time (AED 769). 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. 1602's AED 102,000 is in the upper 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 | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 692 sqft | AED 710KAED 710,000 · Sep 2022September 2022 | 43,000 /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 |
1602, Time Place Tower in numbers
- Sold once: by Abraj Constructions on 8 April 2010 for AED 606,106, or AED 770 per sqft.
- Rented since December 2012 on 12 Ejari contracts. The rent fell from AED 60,000 to AED 50,000 in 2022 and recovered to AED 102,000 by September 2026.
- At AED 102,000 a year the gross yield on the 2010 price is 16.8%, 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 27 September 2026.
Questions about 1602, Time Place Tower
What did unit 1602 last sell for?
AED 606,106 on 8 April 2010, sold by the developer: AED 770 per sqft for 787 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 102,000 a year on the contract renewed on 27 September 2026. The previous contract, from September 2026, was AED 65,000; the unit has been rented since December 2012.
How big is unit 1602?
787 sqft (73.1 sqm): a one-bedroom apartment on the 16th floor of a 34-storey tower completed in 2009.
What is unit 1602 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 1602, Time Place Tower
Starts from the last sale price (AED 606K, 8 April 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 606,106
- Deposit, UAE resident (20%)
- AED 121,221
- Deposit, non-resident (40%)
- AED 242,442
- Monthly over 25 years at 3.7%
- AED 2,480
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →