2402, Time Place Tower
Sold prices and rental history: sold once, by the developer in June 2013, 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 2402, Time Place Tower
What is 2402 worth today?
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Source: Dubai Land Department. Updated 31 July 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 850 sqft
- Floor
- 24th of 34
- Parking
- 33(B03)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 19,600 /yr
- Last sold
- AED 842K · June 2013
- Building
- Time Place Tower
About 2402, Time Place Tower
2402 is a one-bedroom apartment of 850 sqft on the 24th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 12 June 2013 for AED 841,500, or AED 989 per sqft, 24% above the AED 797 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 31 July 2022, is AED 88,000 a year: a gross yield of 10.5% on the 2013 price, before the service charge of about AED 19,600 a year.
Sales and rents for 2402 over time
2402 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 2402 sits
All 190 1-beds →2402 last sold in June 2013 at AED 989 per sqft, 24% above what one-beds in Time Place Tower were fetching at the time (AED 797). 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. 2402's AED 88,000 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 24th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 1-bed | 692 sqft | AED 587KAED 586,530 · Feb 2013February 2013 | 79,000 /yr | |
| 2403 | 1-bed | 815 sqft | AED 1.3MAED 1,300,000 · Oct 2014October 2014 | 70,000 /yr | |
| 2404 | 2-bed | 1,161 sqft | AED 1.53MAED 1,525,000 · Sep 2015September 2015 | ||
| 2405 | 2-bed | 1,259 sqft | AED 2MAED 2,000,000 · Nov 2024November 2024 | 185,000 /yr | |
| 2406 | 3-bed | 1,891 sqft | AED 883KAED 882,700 · Jul 2010July 2010 | 150,000 /yr | |
| 2407 | 1-bed | 878 sqft | AED 788KAED 787,742 · Nov 2009November 2009 | 78,000 /yr | |
| 2408 | 1-bed | 880 sqft | AED 700KAED 700,000 · Jul 2011July 2011 | 73,500 /yr | |
| 2409 | 1-bed | 704 sqft | AED 980KAED 980,000 · Nov 2015November 2015 | 85,000 /yr |
2402, Time Place Tower in numbers
- Sold once: by Abraj Constructions on 12 June 2013 for AED 841,500, or AED 989 per sqft.
- Rented since September 2012 on 11 Ejari contracts, from AED 51,000 to AED 88,000 a year.
- At AED 88,000 a year the gross yield on the 2013 price is 10.5%, before a service charge of about AED 19,600 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 31 July 2022.
Questions about 2402, Time Place Tower
What did unit 2402 last sell for?
AED 841,500 on 12 June 2013, sold by the developer: AED 989 per sqft for 850 sqft. It is the only registered sale of the unit.
What is the rent for unit 2402?
AED 88,000 a year on the contract renewed on 31 July 2022. The previous contract, from July 2021, was AED 88,000; the unit has been rented since September 2012.
How big is unit 2402?
850 sqft (79.0 sqm): a one-bedroom apartment on the 24th floor of a 34-storey tower completed in 2009.
What is unit 2402 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 2402, Time Place Tower
Starts from the last sale price (AED 842K, 12 June 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 841,500
- Deposit, UAE resident (20%)
- AED 168,300
- Deposit, non-resident (40%)
- AED 336,600
- Monthly over 25 years at 3.7%
- AED 3,443
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →