702, Time Place Tower
Sold prices and rental history: sold twice, last in January 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Time Place Tower
What is 702 worth today?
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Source: Dubai Land Department. Updated 1 October 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 787 sqft
- Floor
- 7th of 34
- Parking
- 24(A00)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 18,100 /yr
- Last sold
- AED 1.26M · January 2015
- Building
- Time Place Tower
About 702, Time Place Tower
702 is a one-bedroom apartment of 787 sqft on the 7th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 19 January 2015 for AED 1,260,000, or AED 1,601 per sqft, 40% above the AED 1,147 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 October 2020, is AED 45,000 a year: a gross yield of 3.6% on the 2015 price, before the service charge of about AED 18,100 a year.
Sales and rents for 702 over time
702 has sold twice; 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 702 sits
All 190 1-beds →702 last sold in January 2015 at AED 1,601 per sqft, 40% above what one-beds in Time Place Tower were fetching at the time (AED 1,147). 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. 702's AED 45,000 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 7th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 692 sqft | AED 770KAED 770,000 · Jun 2018June 2018 | 78,000 /yr | |
| 703 | 1-bed | 815 sqft | AED 950KAED 950,000 · Feb 2022February 2022 | 105,000 /yr | |
| 704 | 2-bed | 1,226 sqft | AED 1.6MAED 1,600,000 · May 2019May 2019 | 120,000 /yr | |
| 705 | 2-bed | 1,314 sqft | AED 916KAED 916,353 · Jan 2010January 2010 | 144,000 /yr | |
| 706 | 3-bed | 1,944 sqft | AED 1.8MAED 1,800,000 · Sep 2012September 2012 | 155,000 /yr | |
| 707 | 1-bed | 869 sqft | AED 970KAED 970,000 · Jun 2016June 2016 | 84,000 /yr | |
| 708 | 1-bed | 789 sqft | AED 1.15MAED 1,150,000 · Jun 2023June 2023 | 80,000 /yr | |
| 709 | 1-bed | 704 sqft | AED 357KAED 356,811 · Aug 2016August 2016 | 80,000 /yr |
702, Time Place Tower in numbers
- Sold twice: first on 9 May 2011 for AED 271,522, last on 19 January 2015 for AED 1,260,000 (AED 1,601 per sqft).
- Rented since September 2013 on 6 Ejari contracts, from AED 85,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2015 price is 3.6%, 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 1 October 2020.
Questions about 702, Time Place Tower
What did unit 702 last sell for?
AED 1,260,000 on 19 January 2015: AED 1,601 per sqft for 787 sqft. The unit has 2 registered sales; the first was AED 271,522 in May 2011.
What is the rent for unit 702?
AED 45,000 a year on the contract renewed on 1 October 2020. The previous contract, from October 2019, was AED 60,000; the unit has been rented since September 2013.
How big is unit 702?
787 sqft (73.1 sqm): a one-bedroom apartment on the 7th floor of a 34-storey tower completed in 2009.
What is unit 702 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 702, Time Place Tower
Starts from the last sale price (AED 1.26M, 19 January 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,260,000
- Deposit, UAE resident (20%)
- AED 252,000
- Deposit, non-resident (40%)
- AED 504,000
- Monthly over 25 years at 3.7%
- AED 5,155
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →