1506, Torch Tower
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1506, Torch Tower
What is 1506 worth today?
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Source: Dubai Land Department. Updated 3 April 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,198 sqft
- Floor
- 15th of 84
- Parking
- P3-37
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 25,400 /yr
- Last sold
- AED 1.61M · May 2009
- Building
- Torch Tower
About 1506, Torch Tower
1506 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. The developer sold it on 4 May 2009 for AED 1,606,874, or AED 1,340 per sqft, 12% above the AED 1,195 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 15 Ejari contracts. The current contract, renewed on 3 April 2026, is AED 121,500 a year: a gross yield of 7.6% on the 2009 price, before the service charge of about AED 25,400 a year.
Sales and rents for 1506 over time
1506 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 1506 sits
All 404 2-beds →1506 last sold in May 2009 at AED 1,340 per sqft, 12% above what two-beds in Torch Tower were fetching at the time (AED 1,195). Over the last 12 months two-beds sold for AED 1,500,000 to 2,300,000, around AED 1,493 per sqft, and rent for AED 70,000 to 245,000 a year. 1506's AED 121,500 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Oct 202628 October 2026 | 1,258 sqft | 1,650,000 | 1,311 | ||
| 19 Oct 202619 October 2026 | 1,198 sqft | 1,790,000 | 1,493 | ||
| 7 Oct 20267 October 2026 | 1,258 sqft | 1,650,000 | 1,311 | ||
| 23 Sep 202623 September 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. 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%
Other units on the 15th floor
All 675 units in Torch Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 978 sqft | AED 1.55MAED 1,550,000 · Oct 2025October 2025 | 97,681 /yr | |
| 1502 | 1-bed | 978 sqft | AED 1.3MAED 1,300,000 · Aug 2025August 2025 | 75,750 /yr | |
| 1503 | 2-bed | 1,198 sqft | AED 1.79MAED 1,790,000 · Mar 2026March 2026 | 115,500 /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 | |
| 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 | 100,000 /yr | |
| 1509 | 2-bed | 1,198 sqft | AED 1.49MAED 1,490,000 · Jan 2024January 2024 | 245,000 /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 |
1506, Torch Tower in numbers
- Sold once: by Torch Select on 4 May 2009 for AED 1,606,874, or AED 1,340 per sqft.
- Rented since January 2014 on 15 Ejari contracts. The rent fell from AED 110,000 to AED 70,000 in 2020 and recovered to AED 121,500 by April 2026.
- At AED 121,500 a year the gross yield on the 2009 price is 7.6%, before a service charge of about AED 25,400 a year (AED 21.19 per sqft).
- Two-beds in Torch Tower sold for AED 1,500,000–2,300,000 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 3 April 2026.
Questions about 1506, Torch Tower
What did unit 1506 last sell for?
AED 1,606,874 on 4 May 2009, sold by the developer: AED 1,340 per sqft for 1,198 sqft. It is the only registered sale of the unit.
What is the rent for unit 1506?
AED 121,500 a year on the contract renewed on 3 April 2026. The previous contract, from January 2026, was AED 121,500; the unit has been rented since January 2014.
How big is unit 1506?
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 1506 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 1,500,000 to 2,300,000 in the last 12 months, around AED 1,493 per sqft.
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Mortgage on 1506, Torch Tower
Starts from the last sale price (AED 1.61M, 4 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,606,874
- Deposit, UAE resident (20%)
- AED 321,375
- Deposit, non-resident (40%)
- AED 642,750
- Monthly over 25 years at 3.7%
- AED 6,574
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →