1-bed · 789 sqftTime Place Tower, Dubai Marina · 9th floor · completed 2009

908, Time Place Tower

Sold prices and rental history: sold once, by the developer in August 2010, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 908 · DLD and Ejari recordsUpdated 26 October 2022
Last soldAED 526K26 August 2010
Current rentAED 56K /yr26 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 908, Time Place Tower

What is 908 worth today?

Last sold for AED 526,327 in 2010

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26 Oct 2022RentedNew contract
AED 56,000/yr12 months · AED 71 per sqft
27 Jul 2013RentedNew contract
AED 50,000/yr12 months · AED 64 per sqft
27 Jul 2012RentedNew contract
AED 55,000/yr12 months · AED 70 per sqft
26 Aug 2010Sold by developerReady
AED 526,327AED 667 per sqft

Source: Dubai Land Department. Updated 26 October 2022.

Key facts

Type
1-bed apartment
Size
789 sqft
Floor
9th of 34
Parking
83(B03)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 18,100 /yr
Last sold
AED 526K · August 2010

About 908, Time Place Tower

908 is a one-bedroom apartment of 789 sqft on the 9th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 26 August 2010 for AED 526,327, or AED 667 per sqft, 13% below the AED 770 one-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 26 October 2022, is AED 56,000 a year: a gross yield of 10.6% on the 2010 price, before the service charge of about AED 18,100 a year.

Sales and rents for 908 over time

Sales
Unit 908, each saleTypical one-bed in Time Place Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 638,124; 2010 AED 599,214; 2011 AED 493,178; 2012 AED 630,000; 2013 AED 613,113; 2014 AED 1,050,000; 2015 AED 715,470; 2016 AED 975,000; 2017 AED 915,000; 2018 AED 965,000; 2019 AED 750,000; 2020 AED 670,000; 2021 AED 722,500; 2022 AED 790,000; 2023 AED 950,000; 2024 AED 1,100,000; 2025 AED 1,235,000; 2026 AED 1,275,000Sold by developer, August 2010: AED 526,327 (AED 667 per sqft)

908 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 908, each contractTypical one-bed in Time Place Tower
60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 70,000; 2014 AED 84,000; 2015 AED 87,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 71,000; 2019 AED 62,000; 2020 AED 52,000; 2021 AED 50,000; 2022 AED 62,000; 2023 AED 70,000; 2024 AED 80,000; 2025 AED 84,000; 2026 AED 80,000New contract, July 2012: AED 55,000 a yearNew contract, July 2013: AED 50,000 a yearNew contract, October 2022: AED 56,000 a year

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 908 sits

All 190 1-beds →

908 last sold in August 2010 at AED 667 per sqft, 13% below what one-beds in Time Place Tower were fetching at the time (AED 770). 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. 908's AED 56,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
28 Oct 20261,000,000
22 Oct 20261,250,000
10 Sep 20261,520,000
25 Aug 20261,470,000
13 1-bed sales 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
9042-bedAED 1.7M · Oct 2023
9052-bedAED 1.7M · Apr 2024
9063-bedAED 1.8M · Dec 2018
9071-bedAED 638K · Mar 2010
1–7 of 8

908, Time Place Tower in numbers

  • Sold once: by Abraj Constructions on 26 August 2010 for AED 526,327, or AED 667 per sqft.
  • Rented since July 2012 on 3 Ejari contracts, from AED 55,000 to AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2010 price is 10.6%, 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 26 October 2022.

Questions about 908, Time Place Tower

What did unit 908 last sell for?

AED 526,327 on 26 August 2010, sold by the developer: AED 667 per sqft for 789 sqft. It is the only registered sale of the unit.

What is the rent for unit 908?

AED 56,000 a year on the contract signed on 26 October 2022. The previous contract, from July 2013, was AED 50,000; the unit has been rented since July 2012.

How big is unit 908?

789 sqft (73.3 sqm): a one-bedroom apartment on the 9th floor of a 34-storey tower completed in 2009.

What is unit 908 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 908, Time Place Tower

Starts from the last sale price (AED 526K, 26 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 526,327
Deposit, UAE resident (20%)
AED 105,265
Deposit, non-resident (40%)
AED 210,531
Monthly over 25 years at 3.7%
AED 2,153

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