506, Time Place Tower
Sold prices and rental history: sold 4 times, last in August 2024, and rented once, from September 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Time Place Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 12 August 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,944 sqft
- Floor
- 5th of 34
- Parking
- 23(A00)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 44,700 /yr
- Last sold
- AED 2.9M · August 2024
- Building
- Time Place Tower
About 506, Time Place Tower
506 is a three-bedroom apartment of 1,944 sqft on the 5th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 12 August 2024 for AED 2,900,000, or AED 1,491 per sqft.
One Ejari contract is registered, from 25 September 2023. The current contract, signed on 25 September 2023, is AED 195,000 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 44,700 a year.
Sales and rents for 506 over time
506 has sold 4 times; 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 506 sits
All 33 3-beds →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. 506's AED 195,000 is at the top 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 5th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 692 sqft | AED 343KAED 342,925 · Aug 2016August 2016 | 77,000 /yr | |
| 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 | |
| 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 |
506, Time Place Tower in numbers
- Sold 4 times: first on 8 February 2012 for AED 1,410,696, last on 12 August 2024 for AED 2,900,000 (AED 1,491 per sqft).
- Rented since September 2023 on one Ejari contract, at AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2024 price is 6.7%, 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 12 August 2024.
Questions about 506, Time Place Tower
What did unit 506 last sell for?
AED 2,900,000 on 12 August 2024: AED 1,491 per sqft for 1,944 sqft. The unit has 4 registered sales; the first was AED 1,410,696 in February 2012.
What is the rent for unit 506?
AED 195,000 a year on the contract signed on 25 September 2023.
How big is unit 506?
1,944 sqft (180.6 sqm): a three-bedroom apartment on the 5th floor of a 34-storey tower completed in 2009.
What is unit 506 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 506, Time Place Tower
Starts from the last sale price (AED 2.9M, 12 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →