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2-bed · 1,314 sqftTime Place Tower, Dubai Marina · 16th floor · completed 2009

1605, Time Place Tower

Sold prices and rental history: sold once, by the developer in October 2015, and rented once, from August 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 10 August 2021
Last soldAED 1.02M25 October 2015
Current rentAED 80K /yr10 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1605, Time Place Tower

What is 1605 worth today?

Last sold for AED 1,018,170 in 2015

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10 Aug 2021RentedNew contract
AED 80,000/yr12 months · AED 61 per sqft
25 Oct 2015Sold by developerReady
AED 1,018,170AED 774 per sqft

Source: Dubai Land Department. Updated 10 August 2021.

Key facts

Type
2-bed apartment
Size
1,314 sqft
Floor
16th of 34
Parking
90(B02)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 30,200 /yr
Last sold
AED 1.02M · October 2015
Building
Time Place Tower

About 1605, Time Place Tower

1605 is a two-bedroom apartment of 1,314 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 25 October 2015 for AED 1,018,170, or AED 774 per sqft, 30% below the AED 1,100 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 10 August 2021. The current contract, signed on 10 August 2021, is AED 80,000 a year: a gross yield of 7.9% on the 2015 price, before the service charge of about AED 30,200 a year.

Sales and rents for 1605 over time

Sales
Unit 1605, 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 972,772; 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, October 2015: AED 1,018,170 (AED 774 per sqft)

1605 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1605, each contractTypical two-bed in Time Place Tower
100K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 100,000; 2014 AED 120,000; 2015 AED 125,000; 2016 AED 130,000; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 85,000; 2020 AED 73,923; 2021 AED 75,000; 2022 AED 87,000; 2023 AED 105,000; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 132,000New contract, August 2021: AED 80,000 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 1605 sits

All 67 2-beds →

1605 last sold in October 2015 at AED 774 per sqft, 30% below what two-beds in Time Place Tower were fetching at the time (AED 1,100). 1605's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Apr 20252,200,000
11 Apr 20251,690,000
5 Feb 20251,940,000
8 Jan 20252,100,000
0 2-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 16th floor

All 300 units in Time Place Tower
Value
16011-bedAED 710K · Sep 2022
16021-bedAED 606K · Apr 2010
16031-bedAED 875K · Dec 2022
16042-bedAED 1.1M · Apr 2022
16063-bedAED 2.23M · Jun 2023
16071-bedAED 1.4M · Jan 2026
16081-bedAED 1.25M · Apr 2025
1–7 of 8

1605, Time Place Tower in numbers

  • Sold once: by Abraj Constructions on 25 October 2015 for AED 1,018,170, or AED 774 per sqft.
  • Rented since August 2021 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2015 price is 7.9%, before a service charge of about AED 30,200 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 10 August 2021.

Questions about 1605, Time Place Tower

What did unit 1605 last sell for?

AED 1,018,170 on 25 October 2015, sold by the developer: AED 774 per sqft for 1,314 sqft. It is the only registered sale of the unit.

What is the rent for unit 1605?

AED 80,000 a year on the contract signed on 10 August 2021.

How big is unit 1605?

1,314 sqft (122.1 sqm): a two-bedroom apartment on the 16th floor of a 34-storey tower completed in 2009.

What is unit 1605 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1605, Time Place Tower

Starts from the last sale price (AED 1.02M, 25 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,018,170
Deposit, UAE resident (20%)
AED 203,634
Deposit, non-resident (40%)
AED 407,268
Monthly over 25 years at 3.7%
AED 4,166

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