5602, Torch Tower
Sold prices and rental history: sold twice, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5602, Torch Tower
What is 5602 worth today?
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Source: Dubai Land Department. Updated 24 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,258 sqft
- Floor
- 56th of 84
- Parking
- B3-51
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 26,700 /yr
- Last sold
- AED 1.53M · October 2024
- Building
- Torch Tower
About 5602, Torch Tower
5602 is a two-bedroom apartment of 1,258 sqft on the 56th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 24 October 2024 for AED 1,530,000, or AED 1,215 per sqft, 5% below the AED 1,279 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 22 March 2024, is AED 110,250 a year: a gross yield of 7.2% on the 2024 price, before the service charge of about AED 26,700 a year.
Sales and rents for 5602 over time
5602 has sold twice; 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 5602 sits
All 404 2-beds →5602 last sold in October 2024 at AED 1,215 per sqft, 5% below what two-beds in Torch Tower were fetching at the time (AED 1,279). 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. 5602's AED 110,250 is in the lower half 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 56th floor
All 675 units in Torch Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5601 | 2-bed | 1,258 sqft | AED 1.33MAED 1,325,000 · Jun 2022June 2022 | 160,000 /yr | |
| 5603 | 2-bed | 1,258 sqft | AED 1.15MAED 1,150,919 · Apr 2012April 2012 | 115,500 /yr | |
| 5604 | 2-bed | 1,258 sqft | AED 1.73MAED 1,730,000 · Apr 2024April 2024 | 155,000 /yr | |
| 5605 | 2-bed | 1,258 sqft | AED 1.36MAED 1,355,000 · Jun 2023June 2023 | 137,000 /yr | |
| 5606 | 2-bed | 1,258 sqft | AED 910KAED 910,000 · Oct 2011October 2011 | 120,000 /yr | |
| 5607 | 2-bed | 1,258 sqft | AED 1.15MAED 1,150,919 · Apr 2012April 2012 | 101,640 /yr | |
| 5608 | 2-bed | 1,258 sqft | AED 1.15MAED 1,150,919 · Apr 2012April 2012 | 149,171 /yr |
5602, Torch Tower in numbers
- Sold twice: first on 1 March 2009 for AED 1,621,029, last on 24 October 2024 for AED 1,530,000 (AED 1,215 per sqft).
- Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 84,000 to AED 51,000 in 2020 and recovered to AED 110,250 by March 2024.
- At AED 110,250 a year the gross yield on the 2024 price is 7.2%, 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 24 October 2024.
Questions about 5602, Torch Tower
What did unit 5602 last sell for?
AED 1,530,000 on 24 October 2024: AED 1,215 per sqft for 1,258 sqft. The unit has 2 registered sales; the first was AED 1,621,029 in March 2009.
What is the rent for unit 5602?
AED 110,250 a year on the contract renewed on 22 March 2024. The previous contract, from March 2024, was AED 110,250; the unit has been rented since August 2013.
How big is unit 5602?
1,258 sqft (116.9 sqm): a two-bedroom apartment on the 56th floor of a 84-storey tower completed in 2011.
What is unit 5602 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 5602, Torch Tower
Starts from the last sale price (AED 1.53M, 24 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,530,000
- Deposit, UAE resident (20%)
- AED 306,000
- Deposit, non-resident (40%)
- AED 612,000
- Monthly over 25 years at 3.7%
- AED 6,260
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →