1602, Time Place Tower
Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, Time Place Tower
What is 1602 worth today?
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Source: Dubai Land Department. Updated 27 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 393 sqft
- Floor
- 16th of 34
- Parking
- 68(B03)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 9,000 /yr
- Last sold
- AED 606K · April 2010
- Building
- Time Place Tower
About 1602, Time Place Tower
1602 is a one-bedroom apartment of 393 sqft on the 16th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 8 April 2010 for AED 606,106, or AED 770 per sqft, in line with the AED 769 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 27 September 2025, is AED 62,000 a year: a gross yield of 10.2% on the 2010 price, before the service charge of about AED 9,000 a year.
Sales and rents for 1602 over time
1602 has sold once; the dashed line is the one-bed median of each year in the building.
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 1602 sits
All 182 1-beds →1602 last sold in April 2010 at AED 770 per sqft, in line with what one-beds in Time Place Tower were fetching at the time (AED 769). 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. 1602's AED 62,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Jan 202629 January 2026 | 869 sqft | 1,400,000 | 1,610 | ||
| 13 Jan 202613 January 2026 | 704 sqft | 800,000 | 1,136 | ||
| 15 Dec 202515 December 2025 | 787 sqft | 1,150,000 | 1,462 | ||
| 15 Apr 202515 April 2025 | 789 sqft | 1,250,000 | 1,585 |
Time Place Tower
Building300 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%
Other units on the 16th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 692 sqft | AED 710KAED 710,000 · Sep 2022September 2022 | 43,000 /yr | |
| 1603 | 1-bed | 815 sqft | AED 875KAED 875,000 · Dec 2022December 2022 | 75,000 /yr | |
| 1604 | 2-bed | 1,226 sqft | AED 1.1MAED 1,100,000 · Apr 2022April 2022 | ||
| 1605 | 2-bed | 1,314 sqft | AED 1.02MAED 1,018,170 · Oct 2015October 2015 | 80,000 /yr | |
| 1606 | 3-bed | 1,944 sqft | AED 2.23MAED 2,230,000 · Jun 2023June 2023 | 165,000 /yr | |
| 1607 | 1-bed | 869 sqft | AED 1.4MAED 1,400,000 · Jan 2026January 2026 | 84,808 /yr | |
| 1608 | 1-bed | 789 sqft | AED 1.25MAED 1,250,000 · Apr 2025April 2025 | 73,063 /yr | |
| 1609 | 1-bed | 704 sqft | AED 520KAED 519,992 · Feb 2010February 2010 | 15,600 /yr |
1602, Time Place Tower in numbers
- Sold once: by Abraj Constructions on 8 April 2010 for AED 606,106, or AED 770 per sqft.
- Rented since December 2012 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 50,000 in 2022 and recovered to AED 62,000 by September 2025.
- At AED 62,000 a year the gross yield on the 2010 price is 10.2%, before a service charge of about AED 9,000 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 27 September 2025.
Questions about 1602, Time Place Tower
What did unit 1602 last sell for?
AED 606,106 on 8 April 2010, sold by the developer: AED 770 per sqft for 393 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 62,000 a year on the contract renewed on 27 September 2025. The previous contract, from September 2024, was AED 62,000; the unit has been rented since December 2012.
How big is unit 1602?
393 sqft (36.5 sqm): a one-bedroom apartment on the 16th floor of a 34-storey tower completed in 2009.
What is unit 1602 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 1602, Time Place Tower
Starts from the last sale price (AED 606K, 8 April 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 606,106
- Deposit, UAE resident (20%)
- AED 121,221
- Deposit, non-resident (40%)
- AED 242,442
- Monthly over 25 years at 3.7%
- AED 2,480
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →