508, Time Place Tower
Sold prices and rental history: sold once, by the developer in February 2010, 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 508, Time Place Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 25 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 789 sqft
- Floor
- 5th of 34
- Parking
- 28(A00)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 18,100 /yr
- Last sold
- AED 500K · February 2010
- Building
- Time Place Tower
About 508, Time Place Tower
508 is a one-bedroom apartment of 789 sqft on the 5th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. The developer sold it on 21 February 2010 for AED 500,495, or AED 634 per sqft, 19% below the AED 780 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 25 May 2025, is AED 75,000 a year: a gross yield of 15.0% on the 2010 price, before the service charge of about AED 18,100 a year.
Sales and rents for 508 over time
508 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 508 sits
All 182 1-beds →508 last sold in February 2010 at AED 634 per sqft, 19% below what one-beds in Time Place Tower were fetching at the time (AED 780). 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. 508's AED 75,000 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 5th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 692 sqft | AED 343KAED 342,925 · Aug 2016August 2016 | 77,000 /yr | |
| 502 | 1-bed | 787 sqft | AED 265KAED 264,515 · Feb 2010February 2010 | 85,000 /yr | |
| 503 | 1-bed | 815 sqft | AED 1.1MAED 1,100,000 · Feb 2014February 2014 | 90,000 /yr | |
| 504 | 2-bed | 1,226 sqft | AED 845KAED 845,442 · Feb 2011February 2011 | 115,000 /yr | |
| 505 | 2-bed | 1,314 sqft | AED 1.1MAED 1,100,000 · Jun 2020June 2020 | 252,000 /yr | |
| 506 | 3-bed | 1,944 sqft | AED 2.9MAED 2,900,000 · Aug 2024August 2024 | 195,000 /yr | |
| 507 | 1-bed | 869 sqft | AED 607KAED 606,996 · Oct 2009October 2009 | 84,772 /yr | |
| 509 | 1-bed | 704 sqft | AED 950KAED 950,000 · Jun 2023June 2023 | 70,000 /yr |
508, Time Place Tower in numbers
- Sold once: by Abraj Constructions on 21 February 2010 for AED 500,495, or AED 634 per sqft.
- Rented since May 2014 on 7 Ejari contracts. The rent fell from AED 82,000 to AED 50,000 in 2021 and recovered to AED 75,000 by May 2025.
- At AED 75,000 a year the gross yield on the 2010 price is 15.0%, 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 25 May 2025.
Questions about 508, Time Place Tower
What did unit 508 last sell for?
AED 500,495 on 21 February 2010, sold by the developer: AED 634 per sqft for 789 sqft. It is the only registered sale of the unit.
What is the rent for unit 508?
AED 75,000 a year on the contract renewed on 25 May 2025. The previous contract, from May 2024, was AED 75,000; the unit has been rented since May 2014.
How big is unit 508?
789 sqft (73.3 sqm): a one-bedroom apartment on the 5th floor of a 34-storey tower completed in 2009.
What is unit 508 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 508, Time Place Tower
Starts from the last sale price (AED 500K, 21 February 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 500,495
- Deposit, UAE resident (20%)
- AED 100,099
- Deposit, non-resident (40%)
- AED 200,198
- Monthly over 25 years at 3.7%
- AED 2,048
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →