Time Place Tower is located along the waterfront of Dubai Marina Bay. The tower is built in an Art Deco style, and the first thing that catches your eye is the abundance of glass and large balconies. Time Place was constructed by the developer Abraj Constructions, which specialises mainly in residential complex projects. The construction of the complex was completed in 2008.
Apartments with 1-3 bedrooms, penthouses, and villas are available to purchase in Time Place Tower. The apartment sizes range from 689 sq. ft to 4,994 sq. ft.
Prices in the third quarter of 2023 for a one-bedroom apartment in Time Place Tower is AED 1M (USD 272K).
Buying property in this complex is an excellent choice. You can purchase a residence to live in yourself or as an investment to generate a passive income from long-term rentals. Time Place Tower is popular among young couples, working professionals, and their families.
The average annual rent price for a one-bedroom apartment measuring 872 sq. ft is AED 95,000 (USD 26K). The profitability of this type of property in Time Place Tower is 9.5%.
Buying property in Time Place Tower allows you to obtain one of the residency visas offered by the government of Dubai. Owners of residences priced starting from AED 750K (USD 204K) can obtain a visa valid for two years. Owners of properties worth AED 2M (USD 545K) or more can obtain a Golden Visa with a validity period of 10 years.