1603, Time Place Tower
Sold prices and rental history: sold twice, last in December 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Time Place Tower
What is 1603 worth today?
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Source: Dubai Land Department. Updated 7 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 815 sqft
- Floor
- 16th of 34
- Parking
- 73(B03)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 18,800 /yr
- Last sold
- AED 875K · December 2022
- Building
- Time Place Tower
About 1603, Time Place Tower
1603 is a one-bedroom apartment of 815 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 7 December 2022 for AED 875,000, or AED 1,072 per sqft, in line with the AED 1,057 one-beds in the building were fetching at the time.
It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 12 August 2018, is AED 75,000 a year: a gross yield of 8.6% on the 2022 price, before the service charge of about AED 18,800 a year.
Sales and rents for 1603 over time
1603 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 1603 sits
All 190 1-beds →1603 last sold in December 2022 at AED 1,072 per sqft, in line with what one-beds in Time Place Tower were fetching at the time (AED 1,057). 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. 1603's AED 75,000 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 | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 692 sqft | AED 710KAED 710,000 · Sep 2022September 2022 | 43,000 /yr | |
| 1602 | 1-bed | 787 sqft | AED 606KAED 606,106 · Apr 2010April 2010 | 65,000 /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 |
1603, Time Place Tower in numbers
- Sold twice: first on 18 August 2010 for AED 591,861, last on 7 December 2022 for AED 875,000 (AED 1,072 per sqft).
- Rented since August 2017 on 2 Ejari contracts, from AED 78,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2022 price is 8.6%, before a service charge of about AED 18,800 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 7 December 2022.
Questions about 1603, Time Place Tower
What did unit 1603 last sell for?
AED 875,000 on 7 December 2022: AED 1,072 per sqft for 815 sqft. The unit has 2 registered sales; the first was AED 591,861 in August 2010.
What is the rent for unit 1603?
AED 75,000 a year on the contract signed on 12 August 2018. The previous contract, from August 2017, was AED 78,000.
How big is unit 1603?
815 sqft (75.7 sqm): a one-bedroom apartment on the 16th floor of a 34-storey tower completed in 2009.
What is unit 1603 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 1603, Time Place Tower
Starts from the last sale price (AED 875K, 7 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 875,000
- Deposit, UAE resident (20%)
- AED 175,000
- Deposit, non-resident (40%)
- AED 350,000
- Monthly over 25 years at 3.7%
- AED 3,580
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →