2-bed · 1,226 sqftTime Place Tower, Dubai Marina · 9th floor · completed 2009

904, Time Place Tower

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 904 · DLD and Ejari recordsUpdated 3 October 2023
Last soldAED 1.7M3 October 2023
Current rentAED 60K /yr15 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 904, Time Place Tower

What is 904 worth today?

Last sold for AED 1,700,000 in 2023

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3 Oct 2023SoldReady
AED 1,700,000AED 1,387 per sqft
27 Dec 2021SoldReady
AED 1,150,000AED 938 per sqft
15 Nov 2020RentedNew contract
AED 60,000/yr12 months · AED 49 per sqft
5 Nov 2019RentedRenewal
AED 79,000/yr12 months · AED 64 per sqft
5 Nov 2018RentedNew contract
AED 100,000/yr12 months · AED 81 per sqft
1 Nov 2017RentedNew contract
AED 115,000/yr12 months · AED 94 per sqft
2 May 2015RentedNew contract
AED 120,000/yr12 months · AED 98 per sqft
28 Apr 2014RentedNew contract
AED 125,000/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 3 October 2023.

Key facts

Type
2-bed apartment
Size
1,226 sqft
Floor
9th of 34
Parking
69(B01)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 28,200 /yr
Last sold
AED 1.7M · October 2023

About 904, Time Place Tower

904 is a two-bedroom apartment of 1,226 sqft on the 9th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 3 October 2023 for AED 1,700,000, or AED 1,387 per sqft, 23% above the AED 1,124 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 15 November 2020, is AED 60,000 a year: a gross yield of 3.5% on the 2023 price, before the service charge of about AED 28,200 a year.

Sales and rents for 904 over time

Sales
Unit 904, each saleTypical two-bed in Time Place Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 970,091; 2010 AED 1,008,027; 2011 AED 809,470; 2012 AED 950,000; 2013 AED 1,100,000; 2014 AED 2,000,000; 2015 AED 1,066,667; 2016 AED 1,600,000; 2017 AED 788,938; 2018 AED 1,275,000; 2019 AED 1,265,118; 2020 AED 1,075,000; 2021 AED 1,030,000; 2022 AED 1,420,000; 2023 AED 1,450,000; 2024 AED 1,745,632; 2025 AED 2,020,000Sold by developer, July 2011: AED 444,399 (AED 362 per sqft)Sold, December 2021: AED 1,150,000 (AED 938 per sqft)Sold, October 2023: AED 1,700,000 (AED 1,387 per sqft)

904 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 904, each contractTypical two-bed in Time Place Tower
50K100K2012201620202024Typical rent by year: 2012 AED 77,500; 2013 AED 100,000; 2014 AED 120,000; 2015 AED 124,000; 2016 AED 127,500; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 85,500; 2020 AED 73,846; 2021 AED 75,000; 2022 AED 87,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 121,689New contract, February 2013: AED 84,748 a yearNew contract, April 2014: AED 125,000 a yearNew contract, May 2015: AED 120,000 a yearNew contract, November 2017: AED 115,000 a yearNew contract, November 2018: AED 100,000 a yearRenewal, November 2019: AED 79,000 a yearNew contract, November 2020: AED 60,000 a year

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 904 sits

All 68 2-beds →

904 last sold in October 2023 at AED 1,387 per sqft, 23% above what two-beds in Time Place Tower were fetching at the time (AED 1,124). 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. 904's AED 60,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Oct 20261,825,000
17 Apr 20252,200,000
11 Apr 20251,690,000
5 Feb 20251,940,000
1 2-bed sale in the last 12 months

Time Place Tower

Building

300 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%
Time Place Tower, Dubai Marina: prices, sales and rents →

Other units on the 9th floor

All 300 units in Time Place Tower
Value
9011-bedAED 750K · Dec 2022
9021-bedAED 1M · Jun 2024
9031-bedAED 1.2M · Jan 2024
9052-bedAED 1.7M · Apr 2024
9063-bedAED 1.8M · Dec 2018
9071-bedAED 638K · Mar 2010
9081-bedAED 526K · Aug 2010
1–7 of 8

904, Time Place Tower in numbers

  • Sold 3 times: first on 18 July 2011 for AED 444,399, last on 3 October 2023 for AED 1,700,000 (AED 1,387 per sqft).
  • Rented since February 2013 on 7 Ejari contracts, from AED 84,748 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2023 price is 3.5%, 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 3 October 2023.

Questions about 904, Time Place Tower

What did unit 904 last sell for?

AED 1,700,000 on 3 October 2023: AED 1,387 per sqft for 1,226 sqft. The unit has 3 registered sales; the first was AED 444,399 in July 2011.

What is the rent for unit 904?

AED 60,000 a year on the contract signed on 15 November 2020. The previous contract, from November 2019, was AED 79,000; the unit has been rented since February 2013.

How big is unit 904?

1,226 sqft (113.9 sqm): a two-bedroom apartment on the 9th floor of a 34-storey tower completed in 2009.

What is unit 904 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 904, Time Place Tower

Starts from the last sale price (AED 1.7M, 3 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →