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1-bed · 704 sqftTime Place Tower, Dubai Marina · 16th floor · completed 2009

1609, Time Place Tower

Sold prices and rental history: sold once, by the developer in February 2010, and rented once, from January 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 26 January 2021
Last soldAED 520K1 February 2010
Current rentAED 16K /yr26 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1609, Time Place Tower

What is 1609 worth today?

Last sold for AED 519,992 in 2010

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26 Jan 2021RentedNew contract · flagged as an outlier
AED 15,600/yr12 months · AED 22 per sqft
1 Feb 2010Sold by developerReady
AED 519,992AED 738 per sqft

Source: Dubai Land Department. Updated 26 January 2021.

Key facts

Type
1-bed apartment
Size
704 sqft
Floor
16th of 34
Parking
35(A00)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 16,200 /yr
Last sold
AED 520K · February 2010
Building
Time Place Tower

About 1609, Time Place Tower

1609 is a one-bedroom apartment of 704 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 1 February 2010 for AED 519,992, or AED 738 per sqft, 8% below the AED 801 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 26 January 2021. The current contract, signed on 26 January 2021, is AED 15,600 a year: a gross yield of 3.0% on the 2010 price, before the service charge of about AED 16,200 a year.

Sales and rents for 1609 over time

Sales
Unit 1609, 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, February 2010: AED 519,992 (AED 738 per sqft)

1609 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1609, 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 80,000

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 1609 sits

All 190 1-beds →

1609 last sold in February 2010 at AED 738 per sqft, 8% below what one-beds in Time Place Tower were fetching at the time (AED 801). 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. 1609's AED 15,600 is at the bottom 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 16th floor

All 300 units in Time Place Tower
Value
16011-bedAED 710K · Sep 2022
16021-bedAED 606K · Apr 2010
16031-bedAED 875K · Dec 2022
16042-bedAED 1.1M · Apr 2022
16052-bedAED 1.83M · Oct 2026
16063-bedAED 2.23M · Jun 2023
16071-bedAED 1.4M · Jan 2026
1–7 of 8

1609, Time Place Tower in numbers

  • Sold once: by Abraj Constructions on 1 February 2010 for AED 519,992, or AED 738 per sqft.
  • Rented since January 2021 on one Ejari contract, at AED 15,600 a year.
  • At AED 15,600 a year the gross yield on the 2010 price is 3.0%, before a service charge of about AED 16,200 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 26 January 2021.

Questions about 1609, Time Place Tower

What did unit 1609 last sell for?

AED 519,992 on 1 February 2010, sold by the developer: AED 738 per sqft for 704 sqft. It is the only registered sale of the unit.

What is the rent for unit 1609?

AED 15,600 a year on the contract signed on 26 January 2021.

How big is unit 1609?

704 sqft (65.4 sqm): a one-bedroom apartment on the 16th floor of a 34-storey tower completed in 2009.

What is unit 1609 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 1609, Time Place Tower

Starts from the last sale price (AED 520K, 1 February 2010). Switch to today's estimate once you have unlocked it.
Price
AED 519,992
Deposit, UAE resident (20%)
AED 103,998
Deposit, non-resident (40%)
AED 207,997
Monthly over 25 years at 3.7%
AED 2,127

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