702, Torch Tower
Sold prices and rental history: sold 5 times, last in October 2020, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Torch Tower
What is 702 worth today?
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Source: Dubai Land Department. Updated 22 October 2020.
Key facts
- Type
- 1-bed apartment
- Size
- 978 sqft
- Floor
- 7th of 84
- Parking
- P4-14
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 20,700 /yr
- Last sold
- AED 705K · October 2020
- Building
- Torch Tower
About 702, Torch Tower
702 is a one-bedroom apartment of 978 sqft on the 7th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 22 October 2020 for AED 705,000, or AED 720 per sqft, in line with the AED 705 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 July 2019, is AED 72,000 a year: a gross yield of 10.2% on the 2020 price, before the service charge of about AED 20,700 a year.
Sales and rents for 702 over time
702 has sold 5 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Torch Tower, and where 702 sits
All 220 1-beds →702 last sold in October 2020 at AED 720 per sqft, in line with what one-beds in Torch Tower were fetching at the time (AED 705). Over the last 12 months one-beds sold for AED 175,586 to 1,500,000, around AED 1,476 per sqft, and rent for AED 22,500 to 135,000 a year. 702's AED 72,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Aug 202617 August 2026 | 978 sqft | 1,450,000 | 1,482 | ||
| 13 Aug 202613 August 2026 | 887 sqft | 1,050,000 | 1,184 | ||
| 7 Aug 20267 August 2026 | 887 sqft | 1,100,000 | 1,240 | ||
| 9 Jul 20269 July 2026 | 887 sqft | 1,304,288 | 1,470 |
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 7th floor
All 675 units in Torch Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 978 sqft | AED 760KAED 760,000 · Oct 2019October 2019 | 100,000 /yr | |
| 703 | 2-bed | 1,198 sqft | AED 1.55MAED 1,550,000 · Oct 2013October 2013 | 130,000 /yr | |
| 704 | 1-bed | 887 sqft | AED 988KAED 987,822 · Oct 2013October 2013 | 90,000 /yr | |
| 705 | 1-bed | 887 sqft | AED 1.14MAED 1,136,960 · Mar 2025March 2025 | 84,000 /yr | |
| 706 | 2-bed | 1,198 sqft | AED 1.03MAED 1,030,000 · Oct 2011October 2011 | 105,000 /yr | |
| 707 | 1-bed | 978 sqft | AED 1.37MAED 1,365,000 · Dec 2023December 2023 | 60,000 /yr | |
| 708 | 1-bed | 978 sqft | AED 1.03MAED 1,025,000 · Nov 2022November 2022 | 88,000 /yr | |
| 709 | 2-bed | 1,198 sqft | AED 900KAED 900,000 · May 2015May 2015 | 125,000 /yr | |
| 710 | 1-bed | 887 sqft | AED 1.19MAED 1,188,790 · Mar 2009March 2009 | 65,000 /yr | |
| 711 | 1-bed | 887 sqft | AED 1.33MAED 1,329,000 · Jun 2014June 2014 | 110,000 /yr | |
| 712 | 2-bed | 1,198 sqft | AED 1.2MAED 1,200,000 · Aug 2012August 2012 | 140,000 /yr |
702, Torch Tower in numbers
- Sold 5 times: first on 4 May 2009 for AED 1,102,976, last on 22 October 2020 for AED 705,000 (AED 720 per sqft).
- Rented since January 2015 on 5 Ejari contracts, from AED 109,412 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2020 price is 10.2%, before a service charge of about AED 20,700 a year (AED 21.19 per sqft).
- One-beds in Torch Tower sold for AED 175,586–1,500,000 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 22 October 2020.
Questions about 702, Torch Tower
What did unit 702 last sell for?
AED 705,000 on 22 October 2020: AED 720 per sqft for 978 sqft. The unit has 5 registered sales; the first was AED 1,102,976 in May 2009.
What is the rent for unit 702?
AED 72,000 a year on the contract signed on 1 July 2019. The previous contract, from June 2018, was AED 74,000; the unit has been rented since January 2015.
How big is unit 702?
978 sqft (90.9 sqm): a one-bedroom apartment on the 7th floor of a 84-storey tower completed in 2011.
What is unit 702 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Torch Tower sold for AED 175,586 to 1,500,000 in the last 12 months, around AED 1,476 per sqft.
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Mortgage on 702, Torch Tower
Starts from the last sale price (AED 705K, 22 October 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 705,000
- Deposit, UAE resident (20%)
- AED 141,000
- Deposit, non-resident (40%)
- AED 282,000
- Monthly over 25 years at 3.7%
- AED 2,884
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →