605, Time Place Tower
Sold prices and rental history: sold 4 times, last in July 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 605, Time Place Tower
What is 605 worth today?
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Source: Dubai Land Department. Updated 30 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,314 sqft
- Floor
- 6th of 34
- Parking
- 76(B02)
- Developer
- Abraj Constructions
- Completed
- 2009
- Service charge
- AED 30,200 /yr
- Last sold
- AED 1.9M · July 2024
- Building
- Time Place Tower
About 605, Time Place Tower
605 is a two-bedroom apartment of 1,314 sqft on the 6th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 30 July 2024 for AED 1,900,000, or AED 1,445 per sqft, 5% above the AED 1,371 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 15 March 2023, is AED 99,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 30,200 a year.
Sales and rents for 605 over time
605 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 605 sits
All 67 2-beds →605 last sold in July 2024 at AED 1,445 per sqft, 5% above what two-beds in Time Place Tower were fetching at the time (AED 1,371). 605's AED 99,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Apr 202517 April 2025 | 1,259 sqft | 2,200,000 | 1,747 | ||
| 11 Apr 202511 April 2025 | 1,161 sqft | 1,690,000 | 1,456 | ||
| 5 Feb 20255 February 2025 | 1,226 sqft | 1,940,000 | 1,582 | ||
| 8 Jan 20258 January 2025 | 1,314 sqft | 2,100,000 | 1,597 |
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 6th floor
All 300 units in Time Place Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 692 sqft | AED 1.1MAED 1,100,000 · May 2014May 2014 | 80,000 /yr | |
| 602 | 1-bed | 787 sqft | AED 1.11MAED 1,105,000 · May 2024May 2024 | 55,000 /yr | |
| 603 | 1-bed | 815 sqft | AED 700KAED 700,000 · Jan 2021January 2021 | 90,000 /yr | |
| 604 | 2-bed | 919 sqft | AED 856KAED 856,281 · Nov 2009November 2009 | 120,000 /yr | |
| 606 | 3-bed | 1,944 sqft | AED 1.43MAED 1,428,112 · Sep 2011September 2011 | ||
| 607 | 1-bed | 869 sqft | AED 550KAED 550,000 · Oct 2011October 2011 | 76,375 /yr | |
| 608 | 1-bed | 394 sqft | AED 500KAED 500,000 · Sep 2024September 2024 | 92,000 /yr | |
| 609 | 1-bed | 704 sqft | AED 1.1MAED 1,100,000 · Aug 2024August 2024 | 105,000 /yr |
605, Time Place Tower in numbers
- Sold 4 times: first on 22 August 2010 for AED 905,040, last on 30 July 2024 for AED 1,900,000 (AED 1,445 per sqft).
- Rented since February 2016 on 5 Ejari contracts. The rent fell from AED 130,000 to AED 85,000 in 2020 and recovered to AED 99,000 by March 2023.
- At AED 99,000 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 30,200 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 30 July 2024.
Questions about 605, Time Place Tower
What did unit 605 last sell for?
AED 1,900,000 on 30 July 2024: AED 1,445 per sqft for 1,314 sqft. The unit has 4 registered sales; the first was AED 905,040 in August 2010.
What is the rent for unit 605?
AED 99,000 a year on the contract renewed on 15 March 2023. The previous contract, from March 2022, was AED 90,000; the unit has been rented since February 2016.
How big is unit 605?
1,314 sqft (122.1 sqm): a two-bedroom apartment on the 6th floor of a 34-storey tower completed in 2009.
What is unit 605 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 605, Time Place Tower
Starts from the last sale price (AED 1.9M, 30 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus AED 84,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →