Getting In for 10%: Time Phase 3 in Dubai Land
Time Phase 3 is an apartment development by Time Properties, located in Dubai Land Residence Complex in Dubai. The project offers studios, 1-bedroom, 2-bedroom, and 3-bedroom apartments. Starting price is AED 490,000, handover is targeted for August 2027, and the purchase opens with a 10% down payment.
Dubai Land Residence Complex: What Living Here Means
Dubai Land Residence Complex sits in the eastern corridor of Dubai, roughly 25 to 30 minutes from Downtown by road and about 20 minutes from Dubai Silicon Oasis. Academic City is a close neighbour. The district has a mid-market character: larger floor plates and lower price per square foot than closer-in communities, drawing professionals and families who value space over central location.
For investors, the area's rental base ties to the academic and employment clusters nearby. The trade-off is commute distance. Getting to Dubai Marina or JBR adds another 20 to 25 minutes by road. Buyers who work in the eastern corridor, including Silicon Oasis and Academic City, will find the location works in their favour more than those commuting across the city daily.
AED 490,000: Entry Price and What You Get
The project's starting price is AED 490,000. Units range from compact studios at 354 sq ft to a 3-bedroom option at 1,452 sq ft. Studios span two size types: 354 sq ft (Type A) and 629 sq ft (Type B). One-bedrooms run from 673 to 1,235 sq ft, and 2-bedrooms from 1,185 to 1,950 sq ft. The 490K entry price points to the compact studio as the baseline unit.
The 2-bedroom size range is significant. The larger 2-bedroom at 1,950 sq ft offers floor area that suits buyers who want space beyond a standard 2-bedroom without stepping to a 3-bedroom price. Investor buyers targeting studios and 1-bedrooms have a lower capital entry and units that suit the student and working population near Academic City.
What 13 Amenities Say About the Resident Profile
| Category | Amenities |
|---|---|
| Fitness and Wellness | Health Club, Shared Gym, Well-being and Fitness, Indoor Swimming Pool |
| Outdoor and Leisure | Courtyard, Landscaped Gardens, Children's Play Area, Leisure Lounge |
| Business and Convenience | Business Centre, Central A/C, High Speed Elevators, Security |
| Access | Visitor Parking |
The amenity set includes an indoor swimming pool alongside a health club and shared gym, giving residents a full on-site fitness option. The business centre signals the project is building for professionals who need occasional workspace or meeting facilities within the building. The children's play area and landscaped gardens reinforce that the developer expects families as a significant resident group, not just investor-owned units cycling through tenants.
August 2027: The Off-Plan Window
Construction started in June 2024. Handover is expected in August 2027, leaving roughly three years from now. For an off-plan buyer entering today, that is three years of construction-period payments before the unit is ready to occupy or let. For end-users, mid-2027 is the earliest realistic occupation date.
10% Down, 35% at Handover
| Stage | Percentage |
|---|---|
| Down payment | 10% |
| During construction | 55% |
| Handover | 35% |
AED 49,000 secures a AED 490,000 unit at 10% down. That is a low opening commitment for a Dubai off-plan purchase at this stage of construction. The 55% during construction spreads across the build period through 2027. The 35% due at handover in August 2027 is the largest single point in the payment schedule and falls at a fixed date.