1-bed · 880 sqftTime Place Tower, Dubai Marina · 28th floor · completed 2009

2808, Time Place Tower

Sold prices and rental history: sold 3 times, last in October 2018, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2808 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 880K3 October 2018
Current rentAED 78K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2808, Time Place Tower

What is 2808 worth today?

Last sold for AED 880,000 in 2018

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1 Oct 2023RentedRenewal
AED 78,000/yr12 months · AED 88 per sqft
1 Oct 2023RentedRenewal
AED 78,000/yr12 months · AED 88 per sqft
1 Oct 2022RentedRenewal
AED 72,000/yr12 months · AED 82 per sqft
1 Oct 2021RentedRenewal
AED 72,000/yr12 months · AED 82 per sqft
1 Oct 2020RentedNew contract
AED 55,000/yr12 months · AED 62 per sqft
3 Oct 2018SoldReady
AED 880,000AED 1,000 per sqft
20 Feb 2018RentedNew contract
AED 82,000/yr12 months · AED 93 per sqft
4 Oct 2017SoldReady
AED 1,000,000AED 1,136 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
1-bed apartment
Size
880 sqft
Floor
28th of 34
Parking
101(B02)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 20,200 /yr
Last sold
AED 880K · October 2018

About 2808, Time Place Tower

2808 is a one-bedroom apartment of 880 sqft on the 28th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 3 October 2018 for AED 880,000, or AED 1,000 per sqft, 17% below the AED 1,208 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 78,000 a year: a gross yield of 8.9% on the 2018 price, before the service charge of about AED 20,200 a year.

Sales and rents for 2808 over time

Sales
Unit 2808, 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, September 2014: AED 757,848 (AED 861 per sqft)Sold, October 2017: AED 1,000,000 (AED 1,136 per sqft)Sold, October 2018: AED 880,000 (AED 1,000 per sqft)

2808 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2808, each contractTypical one-bed in Time Place Tower
50K75K100K2012201620202024Typical 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, February 2017: AED 95,000 a yearNew contract, February 2018: AED 82,000 a yearNew contract, October 2020: AED 55,000 a yearRenewal, October 2021: AED 72,000 a yearRenewal, October 2022: AED 72,000 a yearRenewal, October 2023: AED 78,000 a yearRenewal, October 2023: 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 2808 sits

All 190 1-beds →

2808 last sold in October 2018 at AED 1,000 per sqft, 17% below what one-beds in Time Place Tower were fetching at the time (AED 1,208). 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. 2808'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 28th floor

All 300 units in Time Place Tower
Value
28011-bedAED 1M · Mar 2015
28021-bedAED 408K · Jul 2022
28031-bedAED 709K · Jan 2010
28042-bedAED 1.54M · Jul 2024
28052-bedAED 2.2M · Apr 2025
28063-bedAED 1.83M · May 2010
28071-bedAED 1M · Oct 2022
1–7 of 8

2808, Time Place Tower in numbers

  • Sold 3 times: first on 3 September 2014 for AED 757,848, last on 3 October 2018 for AED 880,000 (AED 1,000 per sqft).
  • Rented since February 2017 on 7 Ejari contracts. The rent fell from AED 95,000 to AED 55,000 in 2020 and recovered to AED 78,000 by October 2023.
  • At AED 78,000 a year the gross yield on the 2018 price is 8.9%, 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 1 October 2023.

Questions about 2808, Time Place Tower

What did unit 2808 last sell for?

AED 880,000 on 3 October 2018: AED 1,000 per sqft for 880 sqft. The unit has 3 registered sales; the first was AED 757,848 in September 2014.

What is the rent for unit 2808?

AED 78,000 a year on the contract renewed on 1 October 2023. The previous contract, from October 2023, was AED 78,000; the unit has been rented since February 2017.

How big is unit 2808?

880 sqft (81.8 sqm): a one-bedroom apartment on the 28th floor of a 34-storey tower completed in 2009.

What is unit 2808 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 2808, Time Place Tower

Starts from the last sale price (AED 880K, 3 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 880,000
Deposit, UAE resident (20%)
AED 176,000
Deposit, non-resident (40%)
AED 352,000
Monthly over 25 years at 3.7%
AED 3,600

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