1-bed · 897 sqftTime Place Tower, Dubai Marina · 31st floor · completed 2009

3103, Time Place Tower

Sold prices and rental history: sold twice, last in January 2014, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3103 · DLD and Ejari recordsUpdated 9 May 2018
Last soldAED 650K29 January 2014
Current rentAED 80K /yr9 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3103, Time Place Tower

What is 3103 worth today?

Last sold for AED 650,000 in 2014

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9 May 2018RentedNew contract
AED 80,000/yr12 months · AED 90 per sqft
30 Nov 2014RentedNew contract
AED 100,000/yr12 months · AED 112 per sqft
29 Jan 2014SoldReady
AED 650,000AED 725 per sqft
10 Mar 2011Sold by developerReady
AED 986,150AED 1,099 per sqft

Source: Dubai Land Department. Updated 9 May 2018.

Key facts

Type
1-bed apartment
Size
897 sqft
Floor
31st of 34
Parking
15(B03)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 20,600 /yr
Last sold
AED 650K · January 2014

About 3103, Time Place Tower

3103 is a one-bedroom apartment of 897 sqft on the 31st floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 29 January 2014 for AED 650,000, or AED 725 per sqft, 15% below the AED 848 one-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 9 May 2018, is AED 80,000 a year: a gross yield of 12.3% on the 2014 price, before the service charge of about AED 20,600 a year.

Sales and rents for 3103 over time

Sales
Unit 3103, 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, March 2011: AED 986,150 (AED 1,099 per sqft)Sold, January 2014: AED 650,000 (AED 725 per sqft)

3103 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3103, 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, November 2014: AED 100,000 a yearNew contract, May 2018: AED 80,000 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 3103 sits

All 190 1-beds →

3103 last sold in January 2014 at AED 725 per sqft, 15% below what one-beds in Time Place Tower were fetching at the time (AED 848). 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. 3103's AED 80,000 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 31st floor

All 300 units in Time Place Tower
Value
31011-bedAED 1M · Jul 2024
31021-bedAED 850K · Jun 2022
31042-bedAED 1.44M · Apr 2022
31053-bedAED 2.13M · Oct 2013
3106PenthouseAED 2.2M · Oct 2022
31071-bedAED 1.1M · Sep 2024

3103, Time Place Tower in numbers

  • Sold twice: first on 10 March 2011 for AED 986,150, last on 29 January 2014 for AED 650,000 (AED 725 per sqft).
  • Rented since November 2014 on 2 Ejari contracts, from AED 100,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2014 price is 12.3%, before a service charge of about AED 20,600 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 9 May 2018.

Questions about 3103, Time Place Tower

What did unit 3103 last sell for?

AED 650,000 on 29 January 2014: AED 725 per sqft for 897 sqft. The unit has 2 registered sales; the first was AED 986,150 in March 2011.

What is the rent for unit 3103?

AED 80,000 a year on the contract signed on 9 May 2018. The previous contract, from November 2014, was AED 100,000.

How big is unit 3103?

897 sqft (83.3 sqm): a one-bedroom apartment on the 31st floor of a 34-storey tower completed in 2009.

What is unit 3103 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 3103, Time Place Tower

Starts from the last sale price (AED 650K, 29 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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