3002, Torch Tower
Sold prices and rental history: sold 4 times, last in June 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3002, Torch Tower
What is 3002 worth today?
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Source: Dubai Land Department. Updated 15 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,258 sqft
- Floor
- 30th of 84
- Parking
- P1-39
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 26,700 /yr
- Last sold
- AED 2.2M · June 2024
- Building
- Torch Tower
About 3002, Torch Tower
3002 is a two-bedroom apartment of 1,258 sqft on the 30th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 14 June 2024 for AED 2,200,000, or AED 1,748 per sqft, 39% above the AED 1,261 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 15 September 2024, is AED 330,000 a year: a gross yield of 15.0% on the 2024 price, before the service charge of about AED 26,700 a year.
Sales and rents for 3002 over time
3002 has sold 4 times; 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 3002 sits
All 404 2-beds →3002 last sold in June 2024 at AED 1,748 per sqft, 39% above what two-beds in Torch Tower were fetching at the time (AED 1,261). 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. 3002's AED 330,000 is at the top 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 30th floor
All 675 units in Torch Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3001 | 2-bed | 1,258 sqft | AED 1.55MAED 1,550,000 · Sep 2023September 2023 | 185,000 /yr | |
| 3003 | 2-bed | 1,258 sqft | AED 944KAED 943,500 · Dec 2020December 2020 | 120,000 /yr | |
| 3004 | 2-bed | 1,258 sqft | AED 975KAED 975,000 · Jan 2012January 2012 | 120,000 /yr | |
| 3005 | 2-bed | 1,258 sqft | AED 1.53MAED 1,530,000 · Dec 2022December 2022 | 110,000 /yr | |
| 3006 | 2-bed | 1,258 sqft | AED 1.74MAED 1,739,517 · Apr 2009April 2009 | 85,000 /yr | |
| 3007 | 2-bed | 1,258 sqft | AED 1.19MAED 1,187,450 · Mar 2012March 2012 | 109,544 /yr | |
| 3008 | 2-bed | 1,258 sqft | AED 1.27MAED 1,270,000 · Sep 2022September 2022 | 70,000 /yr |
3002, Torch Tower in numbers
- Sold 4 times: first on 12 October 2010 for AED 1,651,000, last on 14 June 2024 for AED 2,200,000 (AED 1,748 per sqft).
- Rented since August 2018 on 5 Ejari contracts. The rent fell from AED 80,000 to AED 63,000 in 2020 and recovered to AED 330,000 by September 2024.
- At AED 330,000 a year the gross yield on the 2024 price is 15.0%, before a service charge of about AED 26,700 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 15 September 2024.
Questions about 3002, Torch Tower
What did unit 3002 last sell for?
AED 2,200,000 on 14 June 2024: AED 1,748 per sqft for 1,258 sqft. The unit has 4 registered sales; the first was AED 1,651,000 in October 2010.
What is the rent for unit 3002?
AED 330,000 a year on the contract signed on 15 September 2024. The previous contract, from September 2024, was AED 330,000; the unit has been rented since August 2018.
How big is unit 3002?
1,258 sqft (116.9 sqm): a two-bedroom apartment on the 30th floor of a 84-storey tower completed in 2011.
What is unit 3002 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 3002, Torch Tower
Starts from the last sale price (AED 2.2M, 14 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,200,000
- Deposit, UAE resident (20%)
- AED 440,000
- Deposit, non-resident (40%)
- AED 880,000
- Monthly over 25 years at 3.7%
- AED 9,001
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →