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1-bed · 850 sqftTime Place Tower, Dubai Marina · 25th floor · completed 2009

2502, Time Place Tower

Sold prices and rental history: sold once, by the developer in April 2015, and rented once, from October 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2502 · DLD and Ejari recordsUpdated 2 October 2015
Last soldAED 850K26 April 2015
Current rentAED 90K /yr2 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2502, Time Place Tower

What is 2502 worth today?

Last sold for AED 850,000 in 2015

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2 Oct 2015RentedNew contract
AED 89,759/yr12 months · AED 106 per sqft
26 Apr 2015Sold by developerReady
AED 850,000AED 999 per sqft

Source: Dubai Land Department. Updated 2 October 2015.

Key facts

Type
1-bed apartment
Size
850 sqft
Floor
25th of 34
Parking
34(B03)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 19,600 /yr
Last sold
AED 850K · April 2015
Building
Time Place Tower

About 2502, Time Place Tower

2502 is a one-bedroom apartment of 850 sqft on the 25th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 26 April 2015 for AED 850,000, or AED 999 per sqft, 18% below the AED 1,216 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 2 October 2015. The current contract, signed on 2 October 2015, is AED 89,759 a year: a gross yield of 10.6% on the 2015 price, before the service charge of about AED 19,600 a year.

Sales and rents for 2502 over time

Sales
Unit 2502, 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, April 2015: AED 850,000 (AED 999 per sqft)

2502 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2502, 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, October 2015: AED 89,759 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 2502 sits

All 190 1-beds →

2502 last sold in April 2015 at AED 999 per sqft, 18% below what one-beds in Time Place Tower were fetching at the time (AED 1,216). 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. 2502's AED 89,759 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 25th floor

All 300 units in Time Place Tower
Value
25011-bedAED 593K · Oct 2015
25031-bedAED 1.1M · Dec 2017
25042-bedAED 1.8M · Nov 2014
25052-bedAED 1.13M · Aug 2015
25063-bedAED 1.78M · Jun 2013
25071-bedAED 1.33M · Aug 2025
25081-bedAED 1.42M · Jun 2026
1–7 of 8

2502, Time Place Tower in numbers

  • Sold once: by Abraj Constructions on 26 April 2015 for AED 850,000, or AED 999 per sqft.
  • Rented since October 2015 on one Ejari contract, at AED 89,759 a year.
  • At AED 89,759 a year the gross yield on the 2015 price is 10.6%, 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 2 October 2015.

Questions about 2502, Time Place Tower

What did unit 2502 last sell for?

AED 850,000 on 26 April 2015, sold by the developer: AED 999 per sqft for 850 sqft. It is the only registered sale of the unit.

What is the rent for unit 2502?

AED 89,759 a year on the contract signed on 2 October 2015.

How big is unit 2502?

850 sqft (79.0 sqm): a one-bedroom apartment on the 25th floor of a 34-storey tower completed in 2009.

What is unit 2502 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 2502, Time Place Tower

Starts from the last sale price (AED 850K, 26 April 2015). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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