2902, Time Place Tower
Sold prices and rental history: sold 4 times, last in December 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2902, Time Place Tower
What is 2902 worth today?
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Source: Dubai Land Department. Updated 15 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 850 sqft
- Floor
- 29th of 34
- Parking
- 68(B01)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 19,600 /yr
- Last sold
- AED 1.17M · December 2023
- Building
- Time Place Tower
About 2902, Time Place Tower
2902 is a one-bedroom apartment of 850 sqft on the 29th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 20 December 2023 for AED 1,165,000, or AED 1,370 per sqft, 11% above the AED 1,235 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 15 May 2024, is AED 90,000 a year: a gross yield of 7.7% on the 2023 price, before the service charge of about AED 19,600 a year.
Sales and rents for 2902 over time
2902 has sold 4 times; 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 2902 sits
All 182 1-beds →2902 last sold in December 2023 at AED 1,370 per sqft, 11% above what one-beds in Time Place Tower were fetching at the time (AED 1,235). 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. 2902's AED 90,000 is in the lower half 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 29th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2901 | 1-bed | 692 sqft | AED 730KAED 730,000 · Jun 2022June 2022 | 82,541 /yr | |
| 2903 | 1-bed | 815 sqft | AED 1.3MAED 1,300,000 · Jul 2024July 2024 | 110,000 /yr | |
| 2904 | 2-bed | 1,161 sqft | AED 1.23MAED 1,230,236 · Oct 2019October 2019 | ||
| 2905 | 2-bed | 1,259 sqft | AED 1.52MAED 1,520,000 · May 2018May 2018 | 130,000 /yr | |
| 2906 | 3-bed | 1,891 sqft | AED 1.85MAED 1,850,000 · Apr 2021April 2021 | 130,000 /yr | |
| 2907 | 1-bed | 878 sqft | AED 775KAED 775,000 · Aug 2012August 2012 | 85,000 /yr | |
| 2908 | 1-bed | 880 sqft | AED 765KAED 765,135 · Dec 2014December 2014 | 58,000 /yr | |
| 2909 | 1-bed | 704 sqft | AED 900KAED 900,000 · Dec 2013December 2013 | 74,000 /yr |
2902, Time Place Tower in numbers
- Sold 4 times: first on 18 July 2011 for AED 442,000, last on 20 December 2023 for AED 1,165,000 (AED 1,370 per sqft).
- Rented since June 2013 on 8 Ejari contracts. The rent fell from AED 73,333 to AED 50,000 in 2020 and recovered to AED 90,000 by May 2024.
- At AED 90,000 a year the gross yield on the 2023 price is 7.7%, before a service charge of about AED 19,600 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 15 May 2024.
Questions about 2902, Time Place Tower
What did unit 2902 last sell for?
AED 1,165,000 on 20 December 2023: AED 1,370 per sqft for 850 sqft. The unit has 4 registered sales; the first was AED 442,000 in July 2011.
What is the rent for unit 2902?
AED 90,000 a year on the contract signed on 15 May 2024. The previous contract, from November 2022, was AED 66,000; the unit has been rented since June 2013.
How big is unit 2902?
850 sqft (79.0 sqm): a one-bedroom apartment on the 29th floor of a 34-storey tower completed in 2009.
What is unit 2902 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 2902, Time Place Tower
Starts from the last sale price (AED 1.17M, 20 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,165,000
- Deposit, UAE resident (20%)
- AED 233,000
- Deposit, non-resident (40%)
- AED 466,000
- Monthly over 25 years at 3.7%
- AED 4,766
Plus AED 53,940 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →