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1-bed · 789 sqftTime Place Tower, Dubai Marina · 10th floor · completed 2009

1008, Time Place Tower

Sold prices and rental history: sold twice, last in June 2018, and rented once, from July 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 1 July 2018
Last soldAED 920K5 June 2018
Current rentAED 75K /yr1 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1008, Time Place Tower

What is 1008 worth today?

Last sold for AED 920,000 in 2018

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1 Jul 2018RentedNew contract
AED 75,000/yr12 months · AED 95 per sqft
5 Jun 2018SoldReady
AED 920,000AED 1,166 per sqft
9 May 2011Sold by developerReady
AED 266,393AED 337 per sqft

Source: Dubai Land Department. Updated 1 July 2018.

Key facts

Type
1-bed apartment
Size
789 sqft
Floor
10th of 34
Parking
12(B02)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 18,100 /yr
Last sold
AED 920K · June 2018
Building
Time Place Tower

About 1008, Time Place Tower

1008 is a one-bedroom apartment of 789 sqft on the 10th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 5 June 2018 for AED 920,000, or AED 1,166 per sqft, in line with the AED 1,181 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2018. The current contract, signed on 1 July 2018, is AED 75,000 a year: a gross yield of 8.2% on the 2018 price, before the service charge of about AED 18,100 a year.

Sales and rents for 1008 over time

Sales
Unit 1008, each saleTypical one-bed in Time Place Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 638,124; 2010 AED 599,214; 2011 AED 490,000; 2012 AED 630,000; 2013 AED 627,127; 2014 AED 940,214; 2015 AED 706,065; 2016 AED 975,000; 2017 AED 915,000; 2018 AED 942,500; 2019 AED 750,000; 2020 AED 670,000; 2021 AED 722,500; 2022 AED 790,000; 2023 AED 945,000; 2024 AED 1,100,000; 2025 AED 1,210,000Sold by developer, May 2011: AED 266,393 (AED 337 per sqft)Sold, June 2018: AED 920,000 (AED 1,166 per sqft)

1008 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1008, each contractTypical one-bed in Time Place Tower
60K80K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 70,000; 2014 AED 83,250; 2015 AED 87,500; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 70,000; 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 85,000; 2026 AED 86,500New contract, July 2018: AED 75,000 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 1008 sits

All 182 1-beds →

1008 last sold in June 2018 at AED 1,166 per sqft, in line with what one-beds in Time Place Tower were fetching at the time (AED 1,181). Over the last 12 months one-beds sold for AED 800,000 to 1,400,000, around AED 1,536 per sqft, and rent for AED 71,200 to 152,500 a year. 1008's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Jan 20261,400,000
13 Jan 2026800,000
15 Dec 20251,150,000
15 Apr 20251,250,000
4 1-bed sales in the last 12 months

Time Place Tower

Building

300 apartments, studios to 3-bed over 34 floors in Dubai Marina, completed in 2009 by Abraj Constructions. 7 sold in the last 12 months.

Typical price per sqft
AED 1,610
Typical sale
AED 1.15M
Typical rent
AED 100K /yr
Typical yield
6.8%
Time Place Tower, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 300 units in Time Place Tower
Value
10011-bedAED 1.06M · Oct 2014
10021-bedAED 1M · Jun 2024
10031-bedAED 1.38M · Jun 2024
10042-bedAED 1.05M · Feb 2010
10052-bedAED 950K · Nov 2010
10063-bedAED 1.57M · Feb 2021
10071-bedAED 646K · Oct 2009
1–7 of 8

1008, Time Place Tower in numbers

  • Sold twice: first on 9 May 2011 for AED 266,393, last on 5 June 2018 for AED 920,000 (AED 1,166 per sqft).
  • Rented since July 2018 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2018 price is 8.2%, 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 800,000–1,400,000 in the 12 months to November 2026; the building's median across all types is AED 1,610 per sqft.

Source: Dubai Land Department. Updated 1 July 2018.

Questions about 1008, Time Place Tower

What did unit 1008 last sell for?

AED 920,000 on 5 June 2018: AED 1,166 per sqft for 789 sqft. The unit has 2 registered sales; the first was AED 266,393 in May 2011.

What is the rent for unit 1008?

AED 75,000 a year on the contract signed on 1 July 2018.

How big is unit 1008?

789 sqft (73.3 sqm): a one-bedroom apartment on the 10th floor of a 34-storey tower completed in 2009.

What is unit 1008 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 1,400,000 in the last 12 months, around AED 1,536 per sqft.

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Mortgage on 1008, Time Place Tower

Starts from the last sale price (AED 920K, 5 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 920,000
Deposit, UAE resident (20%)
AED 184,000
Deposit, non-resident (40%)
AED 368,000
Monthly over 25 years at 3.7%
AED 3,764

Plus AED 43,650 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →