704, Time Place Tower
Sold prices and rental history: sold 4 times, last in May 2019, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Time Place Tower
What is 704 worth today?
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Source: Dubai Land Department. Updated 23 May 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,226 sqft
- Floor
- 7th of 34
- Parking
- 37(B02)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 28,200 /yr
- Last sold
- AED 1.6M · May 2019
- Building
- Time Place Tower
About 704, Time Place Tower
704 is a two-bedroom apartment of 1,226 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 23 May 2019 for AED 1,600,000, or AED 1,305 per sqft, 25% above the AED 1,048 two-beds in the building were fetching at the time.
It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 14 September 2015, is AED 120,000 a year: a gross yield of 7.5% on the 2019 price, before the service charge of about AED 28,200 a year.
Sales and rents for 704 over time
704 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Time Place Tower, and where 704 sits
All 68 2-beds →704 last sold in May 2019 at AED 1,305 per sqft, 25% above what two-beds in Time Place Tower were fetching at the time (AED 1,048). Over the last 12 months two-beds sold for AED 1,825,000, around AED 1,388 per sqft, and rent for AED 99,000 to 252,000 a year. 704's AED 120,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Oct 202624 October 2026 | 1,314 sqft | 1,825,000 | 1,388 | ||
| 17 Apr 202517 April 2025 | 1,259 sqft | 2,200,000 | 1,747 | ||
| 11 Apr 202511 April 2025 | 1,161 sqft | 1,690,000 | 1,456 | ||
| 5 Feb 20255 February 2025 | 1,226 sqft | 1,940,000 | 1,582 |
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 | |
| 702 | 1-bed | 787 sqft | AED 1.26MAED 1,260,000 · Jan 2015January 2015 | 45,000 /yr | |
| 703 | 1-bed | 815 sqft | AED 950KAED 950,000 · Feb 2022February 2022 | 105,000 /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 |
704, Time Place Tower in numbers
- Sold 4 times: first on 22 August 2013 for AED 867,120, last on 23 May 2019 for AED 1,600,000 (AED 1,305 per sqft).
- Rented since June 2013 on 3 Ejari contracts, at AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2019 price is 7.5%, before a service charge of about AED 28,200 a year (AED 23.00 per sqft).
- Two-beds in Time Place Tower sold for AED 1,825,000–1,825,000 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 23 May 2019.
Questions about 704, Time Place Tower
What did unit 704 last sell for?
AED 1,600,000 on 23 May 2019: AED 1,305 per sqft for 1,226 sqft. The unit has 4 registered sales; the first was AED 867,120 in August 2013.
What is the rent for unit 704?
AED 120,000 a year on the contract signed on 14 September 2015. The previous contract, from September 2013, was AED 120,000; the unit has been rented since June 2013.
How big is unit 704?
1,226 sqft (113.9 sqm): a two-bedroom apartment on the 7th floor of a 34-storey tower completed in 2009.
What is unit 704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Time Place Tower sold for AED 1,825,000 to 1,825,000 in the last 12 months, around AED 1,388 per sqft.
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Mortgage on 704, Time Place Tower
Starts from the last sale price (AED 1.6M, 23 May 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →