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1-bed · 878 sqftTime Place Tower, Dubai Marina · 24th floor · completed 2009

2407, Time Place Tower

Sold prices and rental history: sold once, by the developer in November 2009, and rented once, from July 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2407 · DLD and Ejari recordsUpdated 30 July 2021
Last soldAED 788K24 November 2009
Current rentAED 78K /yr30 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2407, Time Place Tower

What is 2407 worth today?

Last sold for AED 787,742 in 2009

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30 Jul 2021RentedNew contract
AED 78,000/yr12 months · AED 88 per sqft
24 Nov 2009Sold by developerReady
AED 787,742AED 897 per sqft

Source: Dubai Land Department. Updated 30 July 2021.

Key facts

Type
1-bed apartment
Size
878 sqft
Floor
24th of 34
Parking
79(B03)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 20,200 /yr
Last sold
AED 788K · November 2009
Building
Time Place Tower

About 2407, Time Place Tower

2407 is a one-bedroom apartment of 878 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 24 November 2009 for AED 787,742, or AED 897 per sqft, 22% above the AED 734 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 30 July 2021. The current contract, signed on 30 July 2021, is AED 78,000 a year: a gross yield of 9.9% on the 2009 price, before the service charge of about AED 20,200 a year.

Sales and rents for 2407 over time

Sales
Unit 2407, 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, November 2009: AED 787,742 (AED 897 per sqft)

2407 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2407, 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 80,000New contract, July 2021: AED 78,000 a year

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 2407 sits

All 190 1-beds →

2407 last sold in November 2009 at AED 897 per sqft, 22% above what one-beds in Time Place Tower were fetching at the time (AED 734). 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. 2407's AED 78,000 is in the lower half 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 24th floor

All 300 units in Time Place Tower
Value
24011-bedAED 587K · Feb 2013
24021-bedAED 842K · Jun 2013
24031-bedAED 1.3M · Oct 2014
24042-bedAED 1.53M · Sep 2015
24052-bedAED 2M · Nov 2024
24063-bedAED 883K · Jul 2010
24081-bedAED 700K · Jul 2011
1–7 of 8

2407, Time Place Tower in numbers

  • Sold once: by Abraj Constructions on 24 November 2009 for AED 787,742, or AED 897 per sqft.
  • Rented since July 2021 on one Ejari contract, at AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2009 price is 9.9%, before a service charge of about AED 20,200 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 30 July 2021.

Questions about 2407, Time Place Tower

What did unit 2407 last sell for?

AED 787,742 on 24 November 2009, sold by the developer: AED 897 per sqft for 878 sqft. It is the only registered sale of the unit.

What is the rent for unit 2407?

AED 78,000 a year on the contract signed on 30 July 2021.

How big is unit 2407?

878 sqft (81.6 sqm): a one-bedroom apartment on the 24th floor of a 34-storey tower completed in 2009.

What is unit 2407 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 2407, Time Place Tower

Starts from the last sale price (AED 788K, 24 November 2009). Switch to today's estimate once you have unlocked it.
Price
AED 787,742
Deposit, UAE resident (20%)
AED 157,548
Deposit, non-resident (40%)
AED 315,097
Monthly over 25 years at 3.7%
AED 3,223

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