1-bed · 787 sqftTime Place Tower, Dubai Marina · 9th floor · completed 2009

902, Time Place Tower

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 5 October 2024
Last soldAED 1M14 June 2024
Current rentAED 75K /yr5 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, Time Place Tower

What is 902 worth today?

Last sold for AED 1,000,000 in 2024

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5 Oct 2024RentedRenewal
AED 75,000/yr12 months · AED 95 per sqft
14 Jun 2024SoldReady
AED 1,000,000AED 1,271 per sqft
5 Oct 2023RentedNew contract
AED 72,000/yr12 months · AED 92 per sqft
9 Aug 2021RentedRenewal
AED 43,000/yr12 months · AED 55 per sqft
9 Aug 2020RentedNew contract
AED 43,000/yr12 months · AED 55 per sqft
15 Mar 2019RentedNew contract
AED 65,000/yr12 months · AED 83 per sqft
25 Sep 2018RentedNew contract
AED 68,000/yr12 months · AED 87 per sqft
28 Jul 2017RentedRenewal
AED 83,000/yr12 months · AED 106 per sqft

Source: Dubai Land Department. Updated 5 October 2024.

Key facts

Type
1-bed apartment
Size
787 sqft
Floor
9th of 34
Parking
14(B03)
Developer
Abraj Constructions
Completed
2009
Service charge
AED 18,100 /yr
Last sold
AED 1M · June 2024

About 902, Time Place Tower

902 is a one-bedroom apartment of 787 sqft on the 9th floor of Time Place Tower, a 34-storey tower in Dubai Marina completed in 2009 by Abraj Constructions. It last sold on 14 June 2024 for AED 1,000,000, or AED 1,271 per sqft, 6% below the AED 1,349 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 5 October 2024, is AED 75,000 a year: a gross yield of 7.5% on the 2024 price, before the service charge of about AED 18,100 a year.

Sales and rents for 902 over time

Sales
Unit 902, each saleTypical one-bed in Time Place Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 638,124; 2010 AED 599,214; 2011 AED 490,000; 2012 AED 630,000; 2013 AED 627,127; 2014 AED 940,214; 2015 AED 706,065; 2016 AED 975,000; 2017 AED 915,000; 2018 AED 942,500; 2019 AED 750,000; 2020 AED 670,000; 2021 AED 722,500; 2022 AED 790,000; 2023 AED 945,000; 2024 AED 1,100,000; 2025 AED 1,210,000Sold by developer, October 2010: AED 557,057 (AED 708 per sqft)Sold, June 2024: AED 1,000,000 (AED 1,271 per sqft)

902 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 902, each contractTypical one-bed in Time Place Tower
50K75K2012201620202024Typical rent by year: 2012 AED 55,000; 2013 AED 70,000; 2014 AED 83,250; 2015 AED 87,500; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 62,000; 2020 AED 52,000; 2021 AED 50,000; 2022 AED 62,000; 2023 AED 70,000; 2024 AED 80,000; 2025 AED 85,000; 2026 AED 86,500New contract, May 2013: AED 70,000 a yearNew contract, January 2014: AED 85,000 a yearNew contract, July 2015: AED 85,000 a yearRenewal, July 2016: AED 84,320 a yearRenewal, July 2017: AED 83,000 a yearNew contract, September 2018: AED 68,000 a yearNew contract, March 2019: AED 65,000 a yearNew contract, August 2020: AED 43,000 a yearRenewal, August 2021: AED 43,000 a yearNew contract, October 2023: AED 72,000 a yearRenewal, October 2024: AED 75,000 a year

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 902 sits

All 182 1-beds →

902 last sold in June 2024 at AED 1,271 per sqft, 6% below what one-beds in Time Place Tower were fetching at the time (AED 1,349). 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. 902's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Jan 20261,400,000
13 Jan 2026800,000
15 Dec 20251,150,000
15 Apr 20251,250,000
4 1-bed sales in the last 12 months

Time Place Tower

Building

300 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%
Time Place Tower, Dubai Marina: prices, sales and rents →

Other units on the 9th floor

All 300 units in Time Place Tower
Value
9011-bedAED 750K · Dec 2022
9031-bedAED 1.2M · Jan 2024
9042-bedAED 1.7M · Oct 2023
9052-bedAED 1.7M · Apr 2024
9063-bedAED 1.8M · Dec 2018
9071-bedAED 638K · Mar 2010
9081-bedAED 526K · Aug 2010
1–7 of 8

902, Time Place Tower in numbers

  • Sold twice: first on 24 October 2010 for AED 557,057, last on 14 June 2024 for AED 1,000,000 (AED 1,271 per sqft).
  • Rented since May 2013 on 11 Ejari contracts. The rent fell from AED 70,000 to AED 43,000 in 2021 and recovered to AED 75,000 by October 2024.
  • At AED 75,000 a year the gross yield on the 2024 price is 7.5%, 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 5 October 2024.

Questions about 902, Time Place Tower

What did unit 902 last sell for?

AED 1,000,000 on 14 June 2024: AED 1,271 per sqft for 787 sqft. The unit has 2 registered sales; the first was AED 557,057 in October 2010.

What is the rent for unit 902?

AED 75,000 a year on the contract renewed on 5 October 2024. The previous contract, from October 2023, was AED 72,000; the unit has been rented since May 2013.

How big is unit 902?

787 sqft (73.1 sqm): a one-bedroom apartment on the 9th floor of a 34-storey tower completed in 2009.

What is unit 902 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 902, Time Place Tower

Starts from the last sale price (AED 1M, 14 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →