501, Time Place Tower
Sold prices and rental history: sold once, by the developer in August 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Time Place Tower
What is 501 worth today?
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Source: Dubai Land Department. Updated 30 July 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 692 sqft
- Floor
- 5th of 34
- Parking
- 91(B03)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 15,900 /yr
- Last sold
- AED 343K · August 2016
- Building
- Time Place Tower
About 501, Time Place Tower
501 is a one-bedroom apartment of 692 sqft on the 5th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 28 August 2016 for AED 342,925, or AED 495 per sqft, 41% below the AED 836 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 30 July 2025, is AED 77,000 a year: a gross yield of 22.4% on the 2016 price, before the service charge of about AED 15,900 a year.
Sales and rents for 501 over time
501 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 501 sits
All 190 1-beds →501 last sold in August 2016 at AED 495 per sqft, 41% below what one-beds in Time Place Tower were fetching at the time (AED 836). 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. 501's AED 77,000 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 5th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 1-bed | 787 sqft | AED 265KAED 264,515 · Feb 2010February 2010 | 85,000 /yr | |
| 503 | 1-bed | 815 sqft | AED 1.1MAED 1,100,000 · Feb 2014February 2014 | 80,000 /yr | |
| 504 | 2-bed | 1,226 sqft | AED 845KAED 845,442 · Feb 2011February 2011 | 110,000 /yr | |
| 505 | 2-bed | 1,314 sqft | AED 1.1MAED 1,100,000 · Jun 2020June 2020 | 252,000 /yr | |
| 506 | 3-bed | 1,944 sqft | AED 2.9MAED 2,900,000 · Aug 2024August 2024 | 195,000 /yr | |
| 507 | 1-bed | 869 sqft | AED 607KAED 606,996 · Oct 2009October 2009 | 85,211 /yr | |
| 508 | 1-bed | 789 sqft | AED 500KAED 500,495 · Feb 2010February 2010 | 73,000 /yr | |
| 509 | 1-bed | 704 sqft | AED 950KAED 950,000 · Jun 2023June 2023 | 85,000 /yr |
501, Time Place Tower in numbers
- Sold once: by Abraj Constructions on 28 August 2016 for AED 342,925, or AED 495 per sqft.
- Rented since October 2017 on 9 Ejari contracts. The rent fell from AED 70,000 to AED 42,000 in 2021 and recovered to AED 77,000 by July 2025.
- At AED 77,000 a year the gross yield on the 2016 price is 22.4%, before a service charge of about AED 15,900 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 30 July 2025.
Questions about 501, Time Place Tower
What did unit 501 last sell for?
AED 342,925 on 28 August 2016, sold by the developer: AED 495 per sqft for 692 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 77,000 a year on the contract signed on 30 July 2025. The previous contract, from May 2025, was AED 65,000; the unit has been rented since October 2017.
How big is unit 501?
692 sqft (64.3 sqm): a one-bedroom apartment on the 5th floor of a 34-storey tower completed in 2009.
What is unit 501 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 501, Time Place Tower
Starts from the last sale price (AED 343K, 28 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 342,925
- Deposit, UAE resident (20%)
- AED 68,585
- Deposit, non-resident (40%)
- AED 137,170
- Monthly over 25 years at 3.7%
- AED 1,403
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →