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1-bed · 887 sqftTorch Tower, Dubai Marina · 14th floor · completed 2011

1404, Torch Tower

Sold prices and rental history: sold twice, last in December 2020, and rented once, from July 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1404 · DLD and Ejari recordsUpdated 8 December 2020
Last soldAED 530K8 December 2020
Current rentAED 75K /yr12 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1404, Torch Tower

What is 1404 worth today?

Last sold for AED 530,000 in 2020

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8 Dec 2020SoldReady
AED 530,000AED 597 per sqft
12 Jul 2013RentedNew contract
AED 75,000/yr12 months · AED 85 per sqft
4 May 2009Sold by developerOff-plan
AED 1,077,057AED 1,214 per sqft

Source: Dubai Land Department. Updated 8 December 2020.

Key facts

Type
1-bed apartment
Size
887 sqft
Floor
14th of 84
Parking
P3-23
Developer
Torch Select
Completed
2011
Service charge
AED 18,800 /yr
Last sold
AED 530K · December 2020
Building
Torch Tower

About 1404, Torch Tower

1404 is a one-bedroom apartment of 887 sqft on the 14th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 8 December 2020 for AED 530,000, or AED 597 per sqft, 10% below the AED 665 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 July 2013. The current contract, signed on 12 July 2013, is AED 75,000 a year: a gross yield of 14.1% on the 2020 price, before the service charge of about AED 18,800 a year.

Sales and rents for 1404 over time

Sales
Unit 1404, each saleTypical one-bed in Torch Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 1,077,057; 2010 AED 882,795; 2011 AED 805,052; 2012 AED 828,563; 2013 AED 1,122,500; 2014 AED 1,292,778; 2015 AED 1,172,956; 2016 AED 1,160,000; 2017 AED 1,220,000; 2018 AED 900,000; 2019 AED 776,500; 2020 AED 595,000; 2021 AED 700,000; 2022 AED 910,000; 2023 AED 1,045,000; 2024 AED 1,300,000; 2025 AED 1,255,000; 2026 AED 1,320,000Sold by developer, May 2009: AED 1,077,057 (AED 1,214 per sqft)Sold, December 2020: AED 530,000 (AED 597 per sqft)

1404 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1404, each contractTypical one-bed in Torch Tower
60K80K100K2012201620202024Typical rent by year: 2012 AED 70,000; 2013 AED 77,000; 2014 AED 89,250; 2015 AED 95,000; 2016 AED 94,048; 2017 AED 85,000; 2018 AED 72,000; 2019 AED 65,000; 2020 AED 54,500; 2021 AED 55,000; 2022 AED 63,800; 2023 AED 70,000; 2024 AED 85,000; 2025 AED 85,000; 2026 AED 84,000New contract, July 2013: AED 75,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Torch Tower, and where 1404 sits

All 220 1-beds →

1404 last sold in December 2020 at AED 597 per sqft, 10% below what one-beds in Torch Tower were fetching at the time (AED 665). Over the last 12 months one-beds sold for AED 175,586 to 1,500,000, around AED 1,476 per sqft, and rent for AED 22,500 to 135,000 a year. 1404's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Aug 20261,450,000
13 Aug 20261,050,000
7 Aug 20261,100,000
9 Jul 20261,304,288
12 1-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. 41 sold in the last 12 months.

Typical price per sqft
AED 1,493 Up 9.9%
Typical sale
AED 1.79M
Typical rent
AED 106K /yr
Typical yield
6.2%
Torch Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 675 units in Torch Tower
Value
14011-bedAED 1.2M · Jul 2024
14021-bedAED 752K · Dec 2012
14032-bedAED 1.08M · Jan 2019
14051-bedAED 1.12M · Nov 2024
14062-bedAED 1.49M · Jun 2016
14071-bedAED 826K · Mar 2012
14081-bedAED 1.35M · Feb 2024
1–7 of 11

1404, Torch Tower in numbers

  • Sold twice: first on 4 May 2009 for AED 1,077,057, last on 8 December 2020 for AED 530,000 (AED 597 per sqft).
  • Rented since July 2013 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2020 price is 14.1%, before a service charge of about AED 18,800 a year (AED 21.19 per sqft).
  • One-beds in Torch Tower sold for AED 175,586–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,493 per sqft.

Source: Dubai Land Department. Updated 8 December 2020.

Questions about 1404, Torch Tower

What did unit 1404 last sell for?

AED 530,000 on 8 December 2020: AED 597 per sqft for 887 sqft. The unit has 2 registered sales; the first was AED 1,077,057 in May 2009.

What is the rent for unit 1404?

AED 75,000 a year on the contract signed on 12 July 2013.

How big is unit 1404?

887 sqft (82.4 sqm): a one-bedroom apartment on the 14th floor of a 84-storey tower completed in 2011.

What is unit 1404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Torch Tower sold for AED 175,586 to 1,500,000 in the last 12 months, around AED 1,476 per sqft.

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Mortgage on 1404, Torch Tower

Starts from the last sale price (AED 530K, 8 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 530,000
Deposit, UAE resident (20%)
AED 106,000
Deposit, non-resident (40%)
AED 212,000
Monthly over 25 years at 3.7%
AED 2,168

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