1606, Time Place Tower
Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Time Place Tower
What is 1606 worth today?
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Source: Dubai Land Department. Updated 10 October 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,944 sqft
- Floor
- 16th of 34
- Parking
- 87 & 88(B02)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 44,700 /yr
- Last sold
- AED 2.23M · June 2023
- Building
- Time Place Tower
About 1606, Time Place Tower
1606 is a three-bedroom apartment of 1,944 sqft on the 16th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 12 June 2023 for AED 2,230,000, or AED 1,146 per sqft, in line with the AED 1,131 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 10 October 2025, is AED 165,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 44,700 a year.
Sales and rents for 1606 over time
1606 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Time Place Tower, and where 1606 sits
All 33 3-beds →1606 last sold in June 2023 at AED 1,146 per sqft, in line with what three-beds in Time Place Tower were fetching at the time (AED 1,131). Over the last 12 months three-beds sold for AED 3,200,000 to 6,700,000, around AED 1,582 per sqft, and rent for AED 166,000 to 195,000 a year.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Jan 20268 January 2026 | 4,412 sqft | 6,700,000 | 1,518 | ||
| 23 May 202523 May 2025 | 1,891 sqft | 3,675,000 | 1,943 | ||
| 11 Mar 202511 March 2025 | 1,891 sqft | 1,500,000 | 793 | ||
| 21 Oct 202421 October 2024 | 1,891 sqft | 2,800,000 | 1,481 |
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 | |
| 1602 | 1-bed | 393 sqft | AED 606KAED 606,106 · Apr 2010April 2010 | 62,000 /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 | |
| 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 |
1606, Time Place Tower in numbers
- Sold 3 times: first on 20 March 2013 for AED 1,602,272, last on 12 June 2023 for AED 2,230,000 (AED 1,146 per sqft).
- Rented since January 2014 on 5 Ejari contracts, from AED 160,000 to AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 44,700 a year (AED 23.00 per sqft).
- Three-beds in Time Place Tower sold for AED 3,200,000–6,700,000 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 10 October 2025.
Questions about 1606, Time Place Tower
What did unit 1606 last sell for?
AED 2,230,000 on 12 June 2023: AED 1,146 per sqft for 1,944 sqft. The unit has 3 registered sales; the first was AED 1,602,272 in March 2013.
What is the rent for unit 1606?
AED 165,000 a year on the contract renewed on 10 October 2025. The previous contract, from October 2024, was AED 165,000; the unit has been rented since January 2014.
How big is unit 1606?
1,944 sqft (180.6 sqm): a three-bedroom apartment on the 16th floor of a 34-storey tower completed in 2009.
What is unit 1606 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Time Place Tower sold for AED 3,200,000 to 6,700,000 in the last 12 months, around AED 1,582 per sqft.
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Mortgage on 1606, Time Place Tower
Starts from the last sale price (AED 2.23M, 12 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,230,000
- Deposit, UAE resident (20%)
- AED 446,000
- Deposit, non-resident (40%)
- AED 892,000
- Monthly over 25 years at 3.7%
- AED 9,124
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →