1503, Torch Tower
Sold prices and rental history: sold twice, last in June 2019, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1503, Torch Tower
What is 1503 worth today?
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Source: Dubai Land Department. Updated 20 April 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,198 sqft
- Floor
- 15th of 84
- Parking
- P3-34
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 25,400 /yr
- Last sold
- AED 955K · June 2019
- Building
- Torch Tower
About 1503, Torch Tower
1503 is a two-bedroom apartment of 1,198 sqft on the 15th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 24 June 2019 for AED 955,000, or AED 796 per sqft, 6% above the AED 754 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 20 April 2023, is AED 115,500 a year: a gross yield of 12.1% on the 2019 price, before the service charge of about AED 25,400 a year.
Sales and rents for 1503 over time
1503 has sold twice; 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 Torch Tower, and where 1503 sits
All 393 2-beds →1503 last sold in June 2019 at AED 796 per sqft, 6% above what two-beds in Torch Tower were fetching at the time (AED 754). Over the last 12 months two-beds sold for AED 1,700,000 to 2,300,000, around AED 1,509 per sqft, and rent for AED 72,000 to 189,491 a year. 1503's AED 115,500 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 18 Feb 202618 February 2026 | 1,258 sqft | 1,880,000 | 1,493 | ||
| 3 Feb 20263 February 2026 | 1,258 sqft | 1,996,398 | 1,586 | ||
| 7 Jan 20267 January 2026 | 1,258 sqft | 1,850,000 | 1,470 | ||
| 7 Jan 20267 January 2026 | 1,258 sqft | 1,700,000 | 1,350 |
Torch Tower
Building675 apartments, 1-bed to 4-bed over 84 floors in Dubai Marina, completed in 2011 by Torch Select. 13 sold in the last 12 months.
- Typical price per sqft
- AED 1,586 Up 16.3%
- Typical sale
- AED 1.9M
- Typical rent
- AED 109K /yr
- Typical yield
- 6.1%
Other units on the 15th floor
All 675 units in Torch Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 978 sqft | AED 1.55MAED 1,550,000 · Oct 2025October 2025 | 97,681 /yr | ||
| 1502 | 978 sqft | AED 1.3MAED 1,300,000 · Aug 2025August 2025 | 48,000 /yr | ||
| 1504 | 1-bed | 887 sqft | AED 1.27MAED 1,270,000 · Jun 2024June 2024 | 60,000 /yr | |
| 1505 | 1-bed | 887 sqft | AED 825KAED 825,000 · Sep 2018September 2018 | 68,000 /yr | |
| 1506 | 2-bed | 1,198 sqft | AED 1.61MAED 1,606,874 · May 2009May 2009 | 121,500 /yr | |
| 1507 | 1-bed | 978 sqft | AED 1.45MAED 1,453,683 · Oct 2013October 2013 | 85,000 /yr | |
| 1508 | 1-bed | 978 sqft | AED 680KAED 680,000 · Feb 2021February 2021 | 96,000 /yr | |
| 1509 | 2-bed | 1,198 sqft | AED 1.49MAED 1,490,000 · Jan 2024January 2024 | 145,000 /yr | |
| 1510 | 1-bed | 887 sqft | AED 1.33MAED 1,325,000 · Oct 2024October 2024 | 90,000 /yr | |
| 1511 | 1-bed | 887 sqft | AED 720KAED 720,000 · Apr 2022April 2022 | 105,000 /yr | |
| 1512 | 2-bed | 1,198 sqft | AED 1.1MAED 1,100,000 · May 2018May 2018 | 107,000 /yr |
1503, Torch Tower in numbers
- Sold twice: first on 26 April 2009 for AED 1,262,843, last on 24 June 2019 for AED 955,000 (AED 796 per sqft).
- Rented since November 2012 on 6 Ejari contracts, from AED 102,000 to AED 115,500 a year.
- At AED 115,500 a year the gross yield on the 2019 price is 12.1%, before a service charge of about AED 25,400 a year (AED 21.19 per sqft).
- Two-beds in Torch Tower sold for AED 1,700,000–2,300,000 in the 12 months to November 2026; the building's median across all types is AED 1,586 per sqft.
Source: Dubai Land Department. Updated 20 April 2023.
Questions about 1503, Torch Tower
What did unit 1503 last sell for?
AED 955,000 on 24 June 2019: AED 796 per sqft for 1,198 sqft. The unit has 2 registered sales; the first was AED 1,262,843 in April 2009.
What is the rent for unit 1503?
AED 115,500 a year on the contract signed on 20 April 2023. The previous contract, from April 2022, was AED 110,000; the unit has been rented since November 2012.
How big is unit 1503?
1,198 sqft (111.3 sqm): a two-bedroom apartment on the 15th floor of a 84-storey tower completed in 2011.
What is unit 1503 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Torch Tower sold for AED 1,700,000 to 2,300,000 in the last 12 months, around AED 1,509 per sqft.
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Mortgage on 1503, Torch Tower
Starts from the last sale price (AED 955K, 24 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 955,000
- Deposit, UAE resident (20%)
- AED 191,000
- Deposit, non-resident (40%)
- AED 382,000
- Monthly over 25 years at 3.7%
- AED 3,907
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →