1-bed · 704 sqftTime Place Tower, Dubai Marina · 9th floor · completed 2009

909, Time Place Tower

Sold prices and rental history: sold once, by the developer in August 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 909 · DLD and Ejari recordsUpdated 29 December 2019
Last soldAED 369K28 August 2016
Current rentAED 52K /yr29 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 909, Time Place Tower

What is 909 worth today?

Last sold for AED 368,629 in 2016

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29 Dec 2019RentedNew contract
AED 52,000/yr12 months · AED 74 per sqft
5 Oct 2018RentedNew contract
AED 60,000/yr12 months · AED 86 per sqft
28 Aug 2016Sold by developerReady
AED 368,629AED 523 per sqft
4 Oct 2013RentedNew contract
AED 50,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 29 December 2019.

Key facts

Type
1-bed apartment
Size
704 sqft
Floor
9th of 34
Parking
93(B03)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 16,200 /yr
Last sold
AED 369K · August 2016

About 909, Time Place Tower

909 is a one-bedroom apartment of 704 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 28 August 2016 for AED 368,629, or AED 523 per sqft, 37% below the AED 836 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 29 December 2019, is AED 52,000 a year: a gross yield of 14.1% on the 2016 price, before the service charge of about AED 16,200 a year.

Sales and rents for 909 over time

Sales
Unit 909, 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 2016: AED 368,629 (AED 523 per sqft)

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

Rents
Unit 909, 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, October 2013: AED 50,000 a yearNew contract, October 2018: AED 60,000 a yearNew contract, December 2019: AED 52,000 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 909 sits

All 190 1-beds →

909 last sold in August 2016 at AED 523 per sqft, 37% below what one-beds in Time Place Tower were fetching at the time (AED 836). 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. 909's AED 52,000 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

909, Time Place Tower in numbers

  • Sold once: by Abraj Constructions on 28 August 2016 for AED 368,629, or AED 523 per sqft.
  • Rented since October 2013 on 3 Ejari contracts, from AED 50,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2016 price is 14.1%, before a service charge of about AED 16,200 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 29 December 2019.

Questions about 909, Time Place Tower

What did unit 909 last sell for?

AED 368,629 on 28 August 2016, sold by the developer: AED 523 per sqft for 704 sqft. It is the only registered sale of the unit.

What is the rent for unit 909?

AED 52,000 a year on the contract signed on 29 December 2019. The previous contract, from October 2018, was AED 60,000; the unit has been rented since October 2013.

How big is unit 909?

704 sqft (65.4 sqm): a one-bedroom apartment on the 9th floor of a 34-storey tower completed in 2009.

What is unit 909 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 909, Time Place Tower

Starts from the last sale price (AED 369K, 28 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 368,629
Deposit, UAE resident (20%)
AED 73,726
Deposit, non-resident (40%)
AED 147,452
Monthly over 25 years at 3.7%
AED 1,508

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