2-bed · 1,198 sqftTorch Tower, Dubai Marina · 22nd floor · completed 2011

2203, Torch Tower

Sold prices and rental history: sold 6 times, last in November 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 1.45M8 November 2022
Current rentAED 135K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2203, Torch Tower

What is 2203 worth today?

Last sold for AED 1,450,000 in 2022

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1 Mar 2024RentedNew contract
AED 134,638/yr12 months · AED 113 per sqft
1 Mar 2024RentedNew contract
AED 134,638/yr12 months · AED 113 per sqft
8 Nov 2022SoldReady
AED 1,450,000AED 1,209 per sqft
12 Oct 2020SoldReady
AED 770,000AED 642 per sqft
3 Feb 2020RentedRenewal
AED 75,000/yr12 months · AED 63 per sqft
3 Feb 2019RentedRenewal
AED 85,000/yr12 months · AED 71 per sqft
3 Feb 2018RentedNew contract
AED 90,000/yr12 months · AED 75 per sqft
25 Apr 2016SoldReady
AED 1,525,000AED 1,272 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
2-bed apartment
Size
1,198 sqft
Floor
22nd of 84
Parking
P2-51
Developer
Torch Select
Completed
2011
Service charge
AED 25,400 /yr
Last sold
AED 1.45M · November 2022
Building
Torch Tower

About 2203, Torch Tower

2203 is a two-bedroom apartment of 1,198 sqft on the 22nd floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 8 November 2022 for AED 1,450,000, or AED 1,209 per sqft, 24% above the AED 976 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, signed on 1 March 2024, is AED 134,638 a year: a gross yield of 9.3% on the 2022 price, before the service charge of about AED 25,400 a year.

Sales and rents for 2203 over time

Sales
Unit 2203, each saleTypical two-bed in Torch Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,518,879; 2010 AED 1,143,000; 2011 AED 1,140,000; 2012 AED 1,152,983; 2013 AED 1,477,623; 2014 AED 1,797,500; 2015 AED 1,660,000; 2016 AED 1,505,000; 2017 AED 1,250,000; 2018 AED 975,000; 2019 AED 950,000; 2020 AED 850,000; 2021 AED 1,000,000; 2022 AED 1,250,000; 2023 AED 1,450,000; 2024 AED 1,650,000; 2025 AED 1,740,000; 2026 AED 1,800,000Sold by developer, June 2010: AED 1,071,776 (AED 894 per sqft)Sold, June 2010: AED 1,071,776 (AED 894 per sqft)Sold, March 2012: AED 1,071,776 (AED 894 per sqft)Sold, April 2016: AED 1,525,000 (AED 1,272 per sqft)Sold, October 2020: AED 770,000 (AED 642 per sqft)Sold, November 2022: AED 1,450,000 (AED 1,209 per sqft)

2203 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2203, 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 85,500; 2019 AED 78,000; 2020 AED 65,000; 2021 AED 68,000; 2022 AED 80,000; 2023 AED 99,000; 2024 AED 118,000; 2025 AED 120,000; 2026 AED 115,500New contract, October 2012: AED 78,000 a yearRenewal, October 2013: AED 81,900 a yearNew contract, February 2018: AED 90,000 a yearRenewal, February 2019: AED 85,000 a yearRenewal, February 2020: AED 75,000 a yearNew contract, March 2024: AED 134,638 a yearNew contract, March 2024: AED 134,638 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 2203 sits

All 404 2-beds →

2203 last sold in November 2022 at AED 1,209 per sqft, 24% above what two-beds in Torch Tower were fetching at the time (AED 976). 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. 2203's AED 134,638 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Oct 20261,650,000
19 Oct 20261,790,000
7 Oct 20261,650,000
23 Sep 20261,700,000
24 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. 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 22nd floor

All 675 units in Torch Tower
Value
22011-bedAED 1.25M · Jun 2017
22021-bedAED 809K · Jul 2012
22041-bedAED 1.2M · Sep 2013
22051-bedAED 858K · Sep 2013
22062-bedAED 1.75M · Dec 2023
22071-bedAED 625K · Oct 2010
22081-bedAED 1.24M · Nov 2009
1–7 of 11

2203, Torch Tower in numbers

  • Sold 6 times: first on 10 June 2010 for AED 1,071,776, last on 8 November 2022 for AED 1,450,000 (AED 1,209 per sqft).
  • Rented since October 2012 on 7 Ejari contracts, from AED 78,000 to AED 134,638 a year.
  • At AED 134,638 a year the gross yield on the 2022 price is 9.3%, before a service charge of about AED 25,400 a year (AED 21.19 per sqft).
  • Two-beds in Torch Tower sold for AED 1,500,000–2,300,000 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 1 March 2024.

Questions about 2203, Torch Tower

What did unit 2203 last sell for?

AED 1,450,000 on 8 November 2022: AED 1,209 per sqft for 1,198 sqft. The unit has 6 registered sales; the first was AED 1,071,776 in June 2010.

What is the rent for unit 2203?

AED 134,638 a year on the contract signed on 1 March 2024. The previous contract, from March 2024, was AED 134,638; the unit has been rented since October 2012.

How big is unit 2203?

1,198 sqft (111.3 sqm): a two-bedroom apartment on the 22nd floor of a 84-storey tower completed in 2011.

What is unit 2203 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 2203, Torch Tower

Starts from the last sale price (AED 1.45M, 8 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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