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Time Place Tower

Time Place Tower

About the project

Time Place Tower is a residential skyscraper in Dubai Marina. It was commissioned in 2008. The height of the building is 158 meters. The number of floors is 35. The developer was the company, Abraj Constructions. It was planned to install the highest sundial on the tower, but the idea was not realized.

The project provides for 289 residential units, including apartments with 1, 2 and 3 bedrooms, as well as 6 villas and 4 penthouses.

Spacious rooms have panoramic windows and large balconies overlooking the surrounding area.

The one-bedroom apartments in Time Place Tower are more popular than other types of properties and range in size from 690 to 900 sq. ft (64.10-83.61 sq. m). The units include bathrooms, a pantry or a guest room. Two types of kitchens are offered, open and closed, depending on the category.

Available services and amenities:

  • a fitness center;
  • a sauna;
  • a swimming pool;
  • an underground parking lot;
  • high-speed elevators;
  • maintenance services;
  • a fire alarm system;
  • 24-hour security and video surveillance.

The cost of buying housing in the complex starts from AED 575,000 (USD 156,550). Apartments can be rented for AED 40,000-120,000 (USD 11,000-33,000).

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Location

The Jumeirah Beach Residence and Royal Meridian 2 bus stops are within walking distance of Time Place Tower. The Near Time Place Tower Metro Station can be reached by car, public transportation or cab in 7-10 minutes. Dubai Marina Mall and Jumeirah Beach Residence 1 streetcar stops are within easy reach for residents and guests.

Cafes and restaurants near Time Place Tower include:

  • London Social Brunch;
  • The Talk Restaurant;
  • Fogueira;
  • The Cavendish;
  • Celebrities by Mauro Colagreco;
  • Cinque;
  • Rhodes W1.

In close proximity to the residential tower are shopping centers News Box Supermarket, Freshwell, and Waitrose. It takes 5-10 minutes to reach them.

The main attractions near Time Place Tower include the Ferris wheel Ain Dubai, Ski Dubai, Aquaventure water park, the popular shopping and entertainment center Emirates Mall.

In the area there are hospitals, a medical clinic, educational institutions and kindergartens.

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Payback

According to recent statistics, the most profitable type of residential property in Dubai Marina are two-bedroom apartments. The return on investment is 7.8%. Rental yields for 3-bedroom and 1-bedroom units are 7.5% and 7.4%, respectively.

The cost of housing in Time Place Tower is formed taking into account utilities and additional services (management, insurance, reserve fund, etc.). The average price per square foot is AED 12,65 (USD 3,35).

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