406, Time Place Tower
Sold prices and rental history: sold twice, last in April 2016, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Time Place Tower
What is 406 worth today?
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Source: Dubai Land Department. Updated 10 October 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,944 sqft
- Floor
- 4th of 34
- Parking
- 64 & 66(B03)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 44,700 /yr
- Last sold
- AED 2.21M · April 2016
- Building
- Time Place Tower
About 406, Time Place Tower
406 is a three-bedroom apartment of 1,944 sqft on the 4th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 18 April 2016 for AED 2,211,900, or AED 1,137 per sqft, 32% above the AED 859 three-beds in the building were fetching at the time.
It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 10 October 2023, is AED 150,000 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 44,700 a year.
Sales and rents for 406 over time
406 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Time Place Tower, and where 406 sits
All 33 3-beds →406 last sold in April 2016 at AED 1,137 per sqft, 32% above what three-beds in Time Place Tower were fetching at the time (AED 859). Over the last 12 months three-beds sold for AED 2,800,000 to 3,200,000, around AED 1,543 per sqft, and rent for AED 140,000 to 195,000 a year. 406's AED 150,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Apr 202624 April 2026 | 1,944 sqft | 2,800,000 | 1,440 | ||
| 24 Nov 202524 November 2025 | 1,944 sqft | 3,200,000 | 1,645 | ||
| 23 May 202523 May 2025 | 1,891 sqft | 3,675,000 | 1,943 | ||
| 11 Mar 202511 March 2025 | 1,891 sqft | 1,500,000 | 793 |
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 4th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 692 sqft | AED 337KAED 336,886 · Aug 2016August 2016 | 75,000 /yr | |
| 402 | 1-bed | 787 sqft | AED 930KAED 930,000 · Sep 2016September 2016 | 42,462 /yr | |
| 403 | 1-bed | 815 sqft | AED 510KAED 510,225 · Nov 2009November 2009 | 96,000 /yr | |
| 404 | 2-bed | 1,226 sqft | AED 835KAED 834,603 · Feb 2010February 2010 | 110,000 /yr | |
| 405 | 2-bed | 1,314 sqft | AED 882KAED 882,414 · Mar 2010March 2010 | 110,000 /yr | |
| 407 | 1-bed | 869 sqft | AED 725KAED 725,000 · Nov 2021November 2021 | 43,500 /yr | |
| 408 | 1-bed | 789 sqft | AED 494KAED 494,037 · Nov 2009November 2009 | 58,000 /yr | |
| 409 | 1-bed | 704 sqft | AED 1.09MAED 1,085,000 · Aug 2024August 2024 | 92,000 /yr |
406, Time Place Tower in numbers
- Sold twice: first on 28 March 2011 for AED 1,393,280, last on 18 April 2016 for AED 2,211,900 (AED 1,137 per sqft).
- Rented since February 2015 on 3 Ejari contracts. The rent fell from AED 190,000 to AED 135,000 in 2022 and recovered to AED 150,000 by October 2023.
- At AED 150,000 a year the gross yield on the 2016 price is 6.8%, before a service charge of about AED 44,700 a year (AED 23.00 per sqft).
- Three-beds in Time Place Tower sold for AED 2,800,000–3,200,000 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 10 October 2023.
Questions about 406, Time Place Tower
What did unit 406 last sell for?
AED 2,211,900 on 18 April 2016: AED 1,137 per sqft for 1,944 sqft. The unit has 2 registered sales; the first was AED 1,393,280 in March 2011.
What is the rent for unit 406?
AED 150,000 a year on the contract signed on 10 October 2023. The previous contract, from August 2022, was AED 135,000; the unit has been rented since February 2015.
How big is unit 406?
1,944 sqft (180.6 sqm): a three-bedroom apartment on the 4th floor of a 34-storey tower completed in 2009.
What is unit 406 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Time Place Tower sold for AED 2,800,000 to 3,200,000 in the last 12 months, around AED 1,543 per sqft.
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Mortgage on 406, Time Place Tower
Starts from the last sale price (AED 2.21M, 18 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,211,900
- Deposit, UAE resident (20%)
- AED 442,380
- Deposit, non-resident (40%)
- AED 884,760
- Monthly over 25 years at 3.7%
- AED 9,050
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →