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1-bed · 683 sqftTime Place Tower, Dubai Marina · 31st floor · completed 2009

3107, Time Place Tower

Sold prices and rental history: sold twice, last in September 2024, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3107 · DLD and Ejari recordsUpdated 5 September 2024
Last soldAED 1.1M5 September 2024
Current rentAED 48K /yr3 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3107, Time Place Tower

What is 3107 worth today?

Last sold for AED 1,100,000 in 2024

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5 Sep 2024SoldReady
AED 1,100,000AED 1,610 per sqft
3 May 2021RentedNew contract
AED 48,000/yr12 months · AED 71 per sqft
18 Jul 2011Sold by developerReady
AED 344,915AED 505 per sqft

Source: Dubai Land Department. Updated 5 September 2024.

Key facts

Type
1-bed apartment
Size
683 sqft
Floor
31st of 34
Parking
24(B01)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 15,700 /yr
Last sold
AED 1.1M · September 2024
Building
Time Place Tower

About 3107, Time Place Tower

3107 is a one-bedroom apartment of 683 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 5 September 2024 for AED 1,100,000, or AED 1,610 per sqft, 15% above the AED 1,399 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 3 May 2021. The current contract, signed on 3 May 2021, is AED 48,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 15,700 a year.

Sales and rents for 3107 over time

Sales
Unit 3107, 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, July 2011: AED 344,915 (AED 505 per sqft)Sold, September 2024: AED 1,100,000 (AED 1,610 per sqft)

3107 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3107, 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, May 2021: AED 48,000 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 3107 sits

All 190 1-beds →

3107 last sold in September 2024 at AED 1,610 per sqft, 15% above what one-beds in Time Place Tower were fetching at the time (AED 1,399). 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. 3107's AED 48,000 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
31031-bedAED 650K · Jan 2014
31042-bedAED 1.44M · Apr 2022
31053-bedAED 2.13M · Oct 2013
3106PenthouseAED 2.2M · Oct 2022

3107, Time Place Tower in numbers

  • Sold twice: first on 18 July 2011 for AED 344,915, last on 5 September 2024 for AED 1,100,000 (AED 1,610 per sqft).
  • Rented since May 2021 on one Ejari contract, at AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 15,700 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 5 September 2024.

Questions about 3107, Time Place Tower

What did unit 3107 last sell for?

AED 1,100,000 on 5 September 2024: AED 1,610 per sqft for 683 sqft. The unit has 2 registered sales; the first was AED 344,915 in July 2011.

What is the rent for unit 3107?

AED 48,000 a year on the contract signed on 3 May 2021.

How big is unit 3107?

683 sqft (63.5 sqm): a one-bedroom apartment on the 31st floor of a 34-storey tower completed in 2009.

What is unit 3107 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 3107, Time Place Tower

Starts from the last sale price (AED 1.1M, 5 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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