2-bed · 1,258 sqftTorch Tower, Dubai Marina · 32nd floor · completed 2011

3201, Torch Tower

Sold prices and rental history: sold once, by the developer in July 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3201 · DLD and Ejari recordsUpdated 15 September 2023
Last soldAED 1.41M23 July 2012
Current rentAED 90K /yr15 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3201, Torch Tower

What is 3201 worth today?

Last sold for AED 1,406,900 in 2012

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15 Sep 2023RentedRenewal
AED 90,000/yr12 months · AED 71 per sqft
15 Sep 2022RentedNew contract
AED 80,000/yr12 months · AED 64 per sqft
1 Oct 2020RentedNew contract
AED 55,000/yr12 months · AED 44 per sqft
5 Sep 2019RentedNew contract
AED 67,000/yr12 months · AED 53 per sqft
10 Jan 2018RentedNew contract
AED 80,000/yr12 months · AED 64 per sqft
20 Mar 2014RentedNew contract
AED 130,000/yr12 months · AED 103 per sqft
23 Jul 2012Sold by developerReady
AED 1,406,900AED 1,117 per sqft

Source: Dubai Land Department. Updated 15 September 2023.

Key facts

Type
2-bed apartment
Size
1,258 sqft
Floor
32nd of 84
Parking
P1-54
Developer
Torch Select
Completed
2011
Service charge
AED 26,700 /yr
Last sold
AED 1.41M · July 2012
Building
Torch Tower

About 3201, Torch Tower

3201 is a two-bedroom apartment of 1,258 sqft on the 32nd floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. The developer sold it on 23 July 2012 for AED 1,406,900, or AED 1,117 per sqft, 21% above the AED 921 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 15 September 2023, is AED 90,000 a year: a gross yield of 6.4% on the 2012 price, before the service charge of about AED 26,700 a year.

Sales and rents for 3201 over time

Sales
Unit 3201, 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, July 2012: AED 1,406,900 (AED 1,117 per sqft)

3201 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3201, each contractTypical two-bed in Torch Tower
50K100K2012201620202024Typical 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, March 2014: AED 130,000 a yearNew contract, January 2018: AED 80,000 a yearNew contract, September 2019: AED 67,000 a yearNew contract, October 2020: AED 55,000 a yearNew contract, September 2022: AED 80,000 a yearRenewal, September 2023: AED 90,000 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 3201 sits

All 404 2-beds →

3201 last sold in July 2012 at AED 1,117 per sqft, 21% above what two-beds in Torch Tower were fetching at the time (AED 921). 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. 3201's AED 90,000 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 32nd floor

All 675 units in Torch Tower
Value
32022-bedAED 1.03M · Dec 2011
32032-bedAED 1.9M · May 2015
32042-bedAED 1.49M · Apr 2013
32052-bedAED 2M · Jan 2014
32062-bedAED 1.22M · Mar 2012
32072-bedAED 1.75M · May 2009
32082-bedAED 2.15M · Oct 2014

3201, Torch Tower in numbers

  • Sold once: by Torch Select on 23 July 2012 for AED 1,406,900, or AED 1,117 per sqft.
  • Rented since March 2014 on 6 Ejari contracts. The rent fell from AED 130,000 to AED 55,000 in 2020 and recovered to AED 90,000 by September 2023.
  • At AED 90,000 a year the gross yield on the 2012 price is 6.4%, 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 2023.

Questions about 3201, Torch Tower

What did unit 3201 last sell for?

AED 1,406,900 on 23 July 2012, sold by the developer: AED 1,117 per sqft for 1,258 sqft. It is the only registered sale of the unit.

What is the rent for unit 3201?

AED 90,000 a year on the contract renewed on 15 September 2023. The previous contract, from September 2022, was AED 80,000; the unit has been rented since March 2014.

How big is unit 3201?

1,258 sqft (116.9 sqm): a two-bedroom apartment on the 32nd floor of a 84-storey tower completed in 2011.

What is unit 3201 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 3201, Torch Tower

Starts from the last sale price (AED 1.41M, 23 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,406,900
Deposit, UAE resident (20%)
AED 281,380
Deposit, non-resident (40%)
AED 562,760
Monthly over 25 years at 3.7%
AED 5,756

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