2-bed · 1,198 sqftTorch Tower, Dubai Marina · 28th floor · completed 2011

2803, Torch Tower

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2803 · DLD and Ejari recordsUpdated 5 May 2022
Last soldAED 1.68M25 April 2009
Current rentAED 78K /yr5 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2803, Torch Tower

What is 2803 worth today?

Last sold for AED 1,675,651 in 2009

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5 May 2022RentedRenewal
AED 78,000/yr12 months · AED 65 per sqft
5 May 2021RentedRenewal
AED 65,000/yr12 months · AED 54 per sqft
5 May 2020RentedNew contract
AED 65,000/yr12 months · AED 54 per sqft
9 Oct 2018RentedNew contract
AED 80,000/yr12 months · AED 67 per sqft
17 Jan 2018RentedNew contract
AED 90,000/yr12 months · AED 75 per sqft
30 Jan 2017RentedRenewal
AED 128,617/yr6 months · AED 107 per sqft
30 Jul 2016RentedNew contract
AED 130,000/yr6 months · AED 108 per sqft
30 Jul 2015RentedNew contract
AED 125,000/yr12 months · AED 105 per sqft

Source: Dubai Land Department. Updated 5 May 2022.

Key facts

Type
2-bed apartment
Size
1,198 sqft
Floor
28th of 84
Parking
P1-28
Developer
Torch Select
Completed
2011
Service charge
AED 25,400 /yr
Last sold
AED 1.68M · April 2009
Building
Torch Tower

About 2803, Torch Tower

2803 is a two-bedroom apartment of 1,198 sqft on the 28th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. The developer sold it on 25 April 2009 for AED 1,675,651, or AED 1,398 per sqft, 33% above the AED 1,052 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 5 May 2022, is AED 78,000 a year: a gross yield of 4.7% on the 2009 price, before the service charge of about AED 25,400 a year.

Sales and rents for 2803 over time

Sales
Unit 2803, 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, April 2009: AED 1,675,651 (AED 1,398 per sqft)

2803 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2803, 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, May 2014: AED 120,750 a yearNew contract, July 2015: AED 125,000 a yearNew contract, July 2016: AED 130,000 a yearRenewal, January 2017: AED 128,617 a yearNew contract, January 2018: AED 90,000 a yearNew contract, October 2018: AED 80,000 a yearNew contract, May 2020: AED 65,000 a yearRenewal, May 2021: AED 65,000 a yearRenewal, May 2022: AED 78,000 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 2803 sits

All 404 2-beds →

2803 last sold in April 2009 at AED 1,398 per sqft, 33% above what two-beds in Torch Tower were fetching at the time (AED 1,052). 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. 2803's AED 78,000 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 28th floor

All 675 units in Torch Tower
Value
28011-bedAED 1.32M · Oct 2025
28021-bedAED 1.16M · May 2016
28041-bedAED 1.28M · Apr 2009
28051-bedAED 1.18M · Apr 2023
28062-bedAED 1.55M · Mar 2023
28071-bedAED 1.22M · May 2016
28081-bedAED 1.36M · Feb 2016
1–7 of 11

2803, Torch Tower in numbers

  • Sold once: by Torch Select on 25 April 2009 for AED 1,675,651, or AED 1,398 per sqft.
  • Rented since May 2014 on 9 Ejari contracts. The rent fell from AED 120,750 to AED 65,000 in 2021 and recovered to AED 78,000 by May 2022.
  • At AED 78,000 a year the gross yield on the 2009 price is 4.7%, 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 5 May 2022.

Questions about 2803, Torch Tower

What did unit 2803 last sell for?

AED 1,675,651 on 25 April 2009, sold by the developer: AED 1,398 per sqft for 1,198 sqft. It is the only registered sale of the unit.

What is the rent for unit 2803?

AED 78,000 a year on the contract renewed on 5 May 2022. The previous contract, from May 2021, was AED 65,000; the unit has been rented since May 2014.

How big is unit 2803?

1,198 sqft (111.3 sqm): a two-bedroom apartment on the 28th floor of a 84-storey tower completed in 2011.

What is unit 2803 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 2803, Torch Tower

Starts from the last sale price (AED 1.68M, 25 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,675,651
Deposit, UAE resident (20%)
AED 335,130
Deposit, non-resident (40%)
AED 670,260
Monthly over 25 years at 3.7%
AED 6,856

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