602, Time Place Tower
Sold prices and rental history: sold 4 times, last in May 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Time Place Tower
What is 602 worth today?
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Source: Dubai Land Department. Updated 22 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 787 sqft
- Floor
- 6th of 34
- Parking
- 6(A00)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 18,100 /yr
- Last sold
- AED 1.11M · May 2024
- Building
- Time Place Tower
About 602, Time Place Tower
602 is a one-bedroom apartment of 787 sqft on the 6th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 22 May 2024 for AED 1,105,000, or AED 1,404 per sqft, 5% above the AED 1,334 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 26 December 2021, is AED 55,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 18,100 a year.
Sales and rents for 602 over time
602 has sold 4 times; 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 602 sits
All 190 1-beds →602 last sold in May 2024 at AED 1,404 per sqft, 5% above what one-beds in Time Place Tower were fetching at the time (AED 1,334). 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. 602's AED 55,000 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 6th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 692 sqft | AED 1MAED 1,000,000 · Oct 2026October 2026 | 80,000 /yr | |
| 603 | 1-bed | 815 sqft | AED 700KAED 700,000 · Jan 2021January 2021 | 90,000 /yr | |
| 604 | 2-bed | 1,226 sqft | AED 856KAED 856,281 · Nov 2009November 2009 | 120,000 /yr | |
| 605 | 2-bed | 1,314 sqft | AED 1.9MAED 1,900,000 · Jul 2024July 2024 | 99,000 /yr | |
| 606 | 3-bed | 1,944 sqft | AED 2.8MAED 2,800,000 · Apr 2026April 2026 | ||
| 607 | 1-bed | 869 sqft | AED 550KAED 550,000 · Oct 2011October 2011 | 76,375 /yr | |
| 608 | 1-bed | 394 sqft | AED 500KAED 500,000 · Sep 2024September 2024 | 92,000 /yr | |
| 609 | 1-bed | 704 sqft | AED 1.1MAED 1,100,000 · Aug 2024August 2024 | 70,000 /yr |
602, Time Place Tower in numbers
- Sold 4 times: first on 14 September 2014 for AED 536,036, last on 22 May 2024 for AED 1,105,000 (AED 1,404 per sqft).
- Rented since January 2015 on 6 Ejari contracts, from AED 85,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 18,100 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 22 May 2024.
Questions about 602, Time Place Tower
What did unit 602 last sell for?
AED 1,105,000 on 22 May 2024: AED 1,404 per sqft for 787 sqft. The unit has 4 registered sales; the first was AED 536,036 in September 2014.
What is the rent for unit 602?
AED 55,000 a year on the contract signed on 26 December 2021. The previous contract, from December 2020, was AED 55,000; the unit has been rented since January 2015.
How big is unit 602?
787 sqft (73.1 sqm): a one-bedroom apartment on the 6th floor of a 34-storey tower completed in 2009.
What is unit 602 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 602, Time Place Tower
Starts from the last sale price (AED 1.11M, 22 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,105,000
- Deposit, UAE resident (20%)
- AED 221,000
- Deposit, non-resident (40%)
- AED 442,000
- Monthly over 25 years at 3.7%
- AED 4,521
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →