5308, Torch Tower
Sold prices and rental history: sold once, by the developer in April 2012, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5308, Torch Tower
What is 5308 worth today?
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Source: Dubai Land Department. Updated 1 November 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,258 sqft
- Floor
- 53rd of 84
- Parking
- B3-41
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 26,700 /yr
- Last sold
- AED 1.15M · April 2012
- Building
- Torch Tower
About 5308, Torch Tower
5308 is a two-bedroom apartment of 1,258 sqft on the 53rd floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. The developer sold it on 22 April 2012 for AED 1,150,919, or AED 914 per sqft, in line with the AED 923 two-beds in the building were fetching at the time.
It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 1 November 2020, is AED 55,000 a year: a gross yield of 4.8% on the 2012 price, before the service charge of about AED 26,700 a year.
Sales and rents for 5308 over time
5308 has sold once; 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 5308 sits
All 393 2-beds →5308 last sold in April 2012 at AED 914 per sqft, in line with what two-beds in Torch Tower were fetching at the time (AED 923). 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. 5308's AED 55,000 is at the bottom 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 53rd floor
All 675 units in Torch Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5301 | 2-bed | 1,258 sqft | AED 1.8MAED 1,800,000 · Apr 2024April 2024 | 87,000 /yr | |
| 5302 | 2-bed | 1,258 sqft | AED 1.65MAED 1,650,000 · May 2025May 2025 | 189,491 /yr | |
| 5303 | 2-bed | 1,258 sqft | AED 1.14MAED 1,143,000 · Apr 2012April 2012 | 78,000 /yr | |
| 5304 | 2-bed | 1,258 sqft | AED 1.2MAED 1,200,000 · Mar 2022March 2022 | 125,237 /yr | |
| 5305 | 2-bed | 1,258 sqft | AED 1.84MAED 1,844,796 · May 2009May 2009 | 110,000 /yr | |
| 5306 | 2-bed | 1,258 sqft | AED 1.29MAED 1,290,000 · Dec 2022December 2022 | 60,000 /yr | |
| 5307 | 2-bed | 1,258 sqft | AED 2MAED 2,000,000 · May 2025May 2025 | 65,000 /yr |
5308, Torch Tower in numbers
- Sold once: by Torch Select on 22 April 2012 for AED 1,150,919, or AED 914 per sqft.
- Rented since November 2012 on 3 Ejari contracts, from AED 105,000 to AED 55,000 a year.
- At AED 55,000 a year the gross yield on the 2012 price is 4.8%, before a service charge of about AED 26,700 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 1 November 2020.
Questions about 5308, Torch Tower
What did unit 5308 last sell for?
AED 1,150,919 on 22 April 2012, sold by the developer: AED 914 per sqft for 1,258 sqft. It is the only registered sale of the unit.
What is the rent for unit 5308?
AED 55,000 a year on the contract signed on 1 November 2020. The previous contract, from August 2018, was AED 81,000; the unit has been rented since November 2012.
How big is unit 5308?
1,258 sqft (116.9 sqm): a two-bedroom apartment on the 53rd floor of a 84-storey tower completed in 2011.
What is unit 5308 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 5308, Torch Tower
Starts from the last sale price (AED 1.15M, 22 April 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,150,919
- Deposit, UAE resident (20%)
- AED 230,184
- Deposit, non-resident (40%)
- AED 460,368
- Monthly over 25 years at 3.7%
- AED 4,709
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →