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

3203, Torch Tower

Sold prices and rental history: sold twice, last in May 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3203 · DLD and Ejari recordsUpdated 13 June 2016
Last soldAED 1.9M17 May 2015
Current rentAED 120K /yr13 June 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3203, Torch Tower

What is 3203 worth today?

Last sold for AED 1,900,000 in 2015

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13 Jun 2016RentedRenewal
AED 120,000/yr12 months · AED 95 per sqft
13 Jun 2015RentedNew contract
AED 125,000/yr12 months · AED 99 per sqft
17 May 2015SoldReady
AED 1,900,000AED 1,509 per sqft
15 Apr 2013RentedNew contract
AED 110,000/yr12 months · AED 87 per sqft
13 May 2009Sold by developerOff-plan
AED 2,192,945AED 1,742 per sqft

Source: Dubai Land Department. Updated 13 June 2016.

Key facts

Type
2-bed apartment
Size
1,258 sqft
Floor
32nd of 84
Parking
P1-56
Developer
Torch Select
Completed
2011
Service charge
AED 26,700 /yr
Last sold
AED 1.9M · May 2015
Building
Torch Tower

About 3203, Torch Tower

3203 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. It last sold on 17 May 2015 for AED 1,900,000, or AED 1,509 per sqft, 4% below the AED 1,571 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 13 June 2016, is AED 120,000 a year: a gross yield of 6.3% on the 2015 price, before the service charge of about AED 26,700 a year.

Sales and rents for 3203 over time

Sales
Unit 3203, 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 2,192,945 (AED 1,742 per sqft)Sold, May 2015: AED 1,900,000 (AED 1,509 per sqft)

3203 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3203, 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, April 2013: AED 110,000 a yearNew contract, June 2015: AED 125,000 a yearRenewal, June 2016: AED 120,000 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 3203 sits

All 404 2-beds →

3203 last sold in May 2015 at AED 1,509 per sqft, 4% below what two-beds in Torch Tower were fetching at the time (AED 1,571). 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. 3203's AED 120,000 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
32012-bedAED 1.41M · Jul 2012
32022-bedAED 1.03M · Dec 2011
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

3203, Torch Tower in numbers

  • Sold twice: first on 13 May 2009 for AED 2,192,945, last on 17 May 2015 for AED 1,900,000 (AED 1,509 per sqft).
  • Rented since April 2013 on 3 Ejari contracts, from AED 110,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2015 price is 6.3%, 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 13 June 2016.

Questions about 3203, Torch Tower

What did unit 3203 last sell for?

AED 1,900,000 on 17 May 2015: AED 1,509 per sqft for 1,258 sqft. The unit has 2 registered sales; the first was AED 2,192,945 in May 2009.

What is the rent for unit 3203?

AED 120,000 a year on the contract renewed on 13 June 2016. The previous contract, from June 2015, was AED 125,000; the unit has been rented since April 2013.

How big is unit 3203?

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 3203 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 3203, Torch Tower

Starts from the last sale price (AED 1.9M, 17 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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