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2-bed · 1,198 sqftTorch Tower, Dubai Marina · 26th floor · completed 2011

2606, Torch Tower

Sold prices and rental history: sold twice, last in April 2018, and rented once, from November 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2606 · DLD and Ejari recordsUpdated 23 April 2018
Last soldAED 1.35M23 April 2018
Current rentAED 130K /yr25 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2606, Torch Tower

What is 2606 worth today?

Last sold for AED 1,350,000 in 2018

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23 Apr 2018SoldReady
AED 1,350,000AED 1,126 per sqft
25 Nov 2015RentedNew contract
AED 130,000/yr12 months · AED 109 per sqft
13 May 2009Sold by developerOff-plan
AED 2,056,276AED 1,715 per sqft

Source: Dubai Land Department. Updated 23 April 2018.

Key facts

Type
2-bed apartment
Size
1,198 sqft
Floor
26th of 84
Parking
P1-7
Developer
Torch Select
Completed
2011
Service charge
AED 25,400 /yr
Last sold
AED 1.35M · April 2018
Building
Torch Tower

About 2606, Torch Tower

2606 is a two-bedroom apartment of 1,198 sqft on the 26th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 23 April 2018 for AED 1,350,000, or AED 1,126 per sqft, 13% above the AED 993 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 November 2015. The current contract, signed on 25 November 2015, is AED 130,000 a year: a gross yield of 9.6% on the 2018 price, before the service charge of about AED 25,400 a year.

Sales and rents for 2606 over time

Sales
Unit 2606, each saleTypical two-bed in Torch Tower
1M2M2009201420192024Typical 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, May 2009: AED 2,056,276 (AED 1,715 per sqft)Sold, April 2018: AED 1,350,000 (AED 1,126 per sqft)

2606 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2606, 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, November 2015: AED 130,000 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 2606 sits

All 404 2-beds →

2606 last sold in April 2018 at AED 1,126 per sqft, 13% above what two-beds in Torch Tower were fetching at the time (AED 993). 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. 2606's AED 130,000 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 26th floor

All 675 units in Torch Tower
Value
26011-bedAED 700K · Apr 2021
26021-bedAED 1.36M · Feb 2014
26032-bedAED 1M · Jul 2021
26041-bedAED 756K · Dec 2011
26051-bedAED 1.45M · May 2024
26071-bedAED 550K · Aug 2020
26081-bedAED 1.2M · Mar 2013
1–7 of 11

2606, Torch Tower in numbers

  • Sold twice: first on 13 May 2009 for AED 2,056,276, last on 23 April 2018 for AED 1,350,000 (AED 1,126 per sqft).
  • Rented since November 2015 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2018 price is 9.6%, 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 23 April 2018.

Questions about 2606, Torch Tower

What did unit 2606 last sell for?

AED 1,350,000 on 23 April 2018: AED 1,126 per sqft for 1,198 sqft. The unit has 2 registered sales; the first was AED 2,056,276 in May 2009.

What is the rent for unit 2606?

AED 130,000 a year on the contract signed on 25 November 2015.

How big is unit 2606?

1,198 sqft (111.3 sqm): a two-bedroom apartment on the 26th floor of a 84-storey tower completed in 2011.

What is unit 2606 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 2606, Torch Tower

Starts from the last sale price (AED 1.35M, 23 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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