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2-bed · 1,198 sqftTorch Tower, Dubai Marina · 16th floor · completed 2011

1603, Torch Tower

Sold prices and rental history: sold 3 times, last in June 2016, and rented once, from August 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 6 June 2016
Last soldAED 750K6 June 2016
Current rentAED 100K /yr12 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Torch Tower

What is 1603 worth today?

Last sold for AED 750,000 in 2016

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6 Jun 2016SoldReady
AED 750,000AED 625 per sqft
2 Sep 2015SoldReady
AED 1,450,000AED 1,209 per sqft
12 Aug 2013RentedNew contract
AED 100,000/yr12 months · AED 84 per sqft
20 Sep 2012Sold by developerReady
AED 1,099,048AED 917 per sqft

Source: Dubai Land Department. Updated 6 June 2016.

Key facts

Type
2-bed apartment
Size
1,198 sqft
Floor
16th of 84
Parking
P3-46
Developer
Torch Select
Completed
2011
Service charge
AED 25,400 /yr
Last sold
AED 750K · June 2016
Building
Torch Tower

About 1603, Torch Tower

1603 is a two-bedroom apartment of 1,198 sqft on the 16th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 6 June 2016 for AED 750,000, or AED 625 per sqft, 48% below the AED 1,211 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 August 2013. The current contract, signed on 12 August 2013, is AED 100,000 a year: a gross yield of 13.3% on the 2016 price, before the service charge of about AED 25,400 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical two-bed in Torch Tower
1M2M2009201420192024Typical sale price by year: 2009 AED 1,518,819; 2010 AED 1,143,000; 2011 AED 1,141,627; 2012 AED 1,155,600; 2013 AED 1,477,623; 2014 AED 1,785,000; 2015 AED 1,660,000; 2016 AED 1,505,000; 2017 AED 1,212,500; 2018 AED 1,012,500; 2019 AED 950,000; 2020 AED 850,000; 2021 AED 990,000; 2022 AED 1,250,000; 2023 AED 1,450,000; 2024 AED 1,650,000; 2025 AED 1,717,500; 2026 AED 1,865,000Sold by developer, September 2012: AED 1,099,048 (AED 917 per sqft)Sold, September 2015: AED 1,450,000 (AED 1,209 per sqft)Sold, June 2016: AED 750,000 (AED 625 per sqft)

1603 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, each contractTypical two-bed in Torch Tower
100K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 110,000; 2014 AED 125,000; 2015 AED 130,000; 2016 AED 125,000; 2017 AED 110,000; 2018 AED 85,000; 2019 AED 76,500; 2020 AED 64,826; 2021 AED 68,400; 2022 AED 80,000; 2023 AED 99,375; 2024 AED 118,000; 2025 AED 120,000; 2026 AED 120,750New contract, August 2013: AED 100,000 a year

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 1603 sits

All 393 2-beds →

1603 last sold in June 2016 at AED 625 per sqft, 48% below what two-beds in Torch Tower were fetching at the time (AED 1,211). 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. 1603's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20261,880,000
3 Feb 20261,996,398
7 Jan 20261,850,000
7 Jan 20261,700,000
8 2-bed sales in the last 12 months

Torch Tower

Building

675 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%
Torch Tower, Dubai Marina: prices, sales and rents →

Other units on the 16th floor

All 675 units in Torch Tower
Value
16011-bedAED 751K · Dec 2011
16021-bedAED 1.27M · Apr 2017
16041-bedAED 1.1M · Feb 2023
16051-bedAED 800K · May 2022
16062-bedAED 1.03M · Aug 2021
16071-bedAED 1.15M · Mar 2009
16081-bedAED 1.25M · Mar 2025
1–7 of 11

1603, Torch Tower in numbers

  • Sold 3 times: first on 20 September 2012 for AED 1,099,048, last on 6 June 2016 for AED 750,000 (AED 625 per sqft).
  • Rented since August 2013 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2016 price is 13.3%, 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 6 June 2016.

Questions about 1603, Torch Tower

What did unit 1603 last sell for?

AED 750,000 on 6 June 2016: AED 625 per sqft for 1,198 sqft. The unit has 3 registered sales; the first was AED 1,099,048 in September 2012.

What is the rent for unit 1603?

AED 100,000 a year on the contract signed on 12 August 2013.

How big is unit 1603?

1,198 sqft (111.3 sqm): a two-bedroom apartment on the 16th floor of a 84-storey tower completed in 2011.

What is unit 1603 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 1603, Torch Tower

Starts from the last sale price (AED 750K, 6 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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