509, Time Place Tower
Sold prices and rental history: sold twice, last in June 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Time Place Tower
What is 509 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 704 sqft
- Floor
- 5th of 34
- Parking
- 12(B03)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 16,200 /yr
- Last sold
- AED 950K · June 2023
- Building
- Time Place Tower
About 509, Time Place Tower
509 is a one-bedroom apartment of 704 sqft on the 5th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 7 June 2023 for AED 950,000, or AED 1,349 per sqft, 20% above the AED 1,123 one-beds in the building were fetching at the time.
It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 1 January 2025, is AED 70,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 16,200 a year.
Sales and rents for 509 over time
509 has sold twice; 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 509 sits
All 182 1-beds →509 last sold in June 2023 at AED 1,349 per sqft, 20% above what one-beds in Time Place Tower were fetching at the time (AED 1,123). 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. 509's AED 70,000 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 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 | |
| 508 | 1-bed | 789 sqft | AED 500KAED 500,495 · Feb 2010February 2010 | 75,000 /yr |
509, Time Place Tower in numbers
- Sold twice: first on 27 October 2011 for AED 454,993, last on 7 June 2023 for AED 950,000 (AED 1,349 per sqft).
- Rented since October 2015 on 3 Ejari contracts, from AED 80,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 16,200 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 1 January 2025.
Questions about 509, Time Place Tower
What did unit 509 last sell for?
AED 950,000 on 7 June 2023: AED 1,349 per sqft for 704 sqft. The unit has 2 registered sales; the first was AED 454,993 in October 2011.
What is the rent for unit 509?
AED 70,000 a year on the contract signed on 1 January 2025. The previous contract, from February 2018, was AED 68,000; the unit has been rented since October 2015.
How big is unit 509?
704 sqft (65.4 sqm): a one-bedroom apartment on the 5th floor of a 34-storey tower completed in 2009.
What is unit 509 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.
Selling 509? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 509, Time Place Tower
Starts from the last sale price (AED 950K, 7 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 950,000
- Deposit, UAE resident (20%)
- AED 190,000
- Deposit, non-resident (40%)
- AED 380,000
- Monthly over 25 years at 3.7%
- AED 3,887
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →