2602, Time Place Tower
Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2602, Time Place Tower
What is 2602 worth today?
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Source: Dubai Land Department. Updated 12 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 850 sqft
- Floor
- 26th of 34
- Parking
- 98(B03)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 19,600 /yr
- Last sold
- AED 429K · December 2011
- Building
- Time Place Tower
About 2602, Time Place Tower
2602 is a one-bedroom apartment of 850 sqft on the 26th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 22 December 2011 for AED 429,250, or AED 504 per sqft, 20% below the AED 629 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 12 December 2024, is AED 92,000 a year: a gross yield of 21.4% on the 2011 price, before the service charge of about AED 19,600 a year.
Sales and rents for 2602 over time
2602 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 2602 sits
All 190 1-beds →2602 last sold in December 2011 at AED 504 per sqft, 20% below what one-beds in Time Place Tower were fetching at the time (AED 629). 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. 2602's AED 92,000 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 26th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2601 | 1-bed | 692 sqft | AED 930KAED 930,000 · Feb 2017February 2017 | 88,000 /yr | |
| 2603 | 1-bed | 815 sqft | AED 1.06MAED 1,055,000 · Dec 2017December 2017 | 77,000 /yr | |
| 2604 | 2-bed | 1,161 sqft | AED 523KAED 523,292 · Jul 2011July 2011 | ||
| 2605 | 2-bed | 1,259 sqft | AED 2.05MAED 2,050,000 · Mar 2014March 2014 | ||
| 2606 | 3-bed | 1,891 sqft | AED 2.4MAED 2,400,000 · Dec 2023December 2023 | 95,000 /yr | |
| 2607 | 1-bed | 878 sqft | AED 799KAED 799,383 · Sep 2012September 2012 | 87,000 /yr | |
| 2608 | 1-bed | 880 sqft | AED 747KAED 746,918 · May 2013May 2013 | 91,980 /yr | |
| 2609 | 1-bed | 704 sqft | AED 1.25MAED 1,250,000 · Nov 2024November 2024 | 48,000 /yr |
2602, Time Place Tower in numbers
- Sold once: by Abraj Constructions on 22 December 2011 for AED 429,250, or AED 504 per sqft.
- Rented since October 2013 on 13 Ejari contracts. The rent fell from AED 68,250 to AED 47,000 in 2020 and recovered to AED 92,000 by December 2024.
- At AED 92,000 a year the gross yield on the 2011 price is 21.4%, 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 12 December 2024.
Questions about 2602, Time Place Tower
What did unit 2602 last sell for?
AED 429,250 on 22 December 2011, sold by the developer: AED 504 per sqft for 850 sqft. It is the only registered sale of the unit.
What is the rent for unit 2602?
AED 92,000 a year on the contract signed on 12 December 2024. The previous contract, from June 2024, was AED 77,000; the unit has been rented since October 2013.
How big is unit 2602?
850 sqft (79.0 sqm): a one-bedroom apartment on the 26th floor of a 34-storey tower completed in 2009.
What is unit 2602 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 2602, Time Place Tower
Starts from the last sale price (AED 429K, 22 December 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 429,250
- Deposit, UAE resident (20%)
- AED 85,850
- Deposit, non-resident (40%)
- AED 171,700
- Monthly over 25 years at 3.7%
- AED 1,756
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →