703, Torch Tower
Sold prices and rental history: sold 3 times, last in October 2013, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Torch Tower
What is 703 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 November 2015.
Key facts
- Type
- 2-bed apartment
- Size
- 1,198 sqft
- Floor
- 7th of 84
- Parking
- P4-15
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 25,400 /yr
- Last sold
- AED 1.55M · October 2013
- Building
- Torch Tower
About 703, Torch Tower
703 is a two-bedroom apartment of 1,198 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 23 October 2013 for AED 1,550,000, or AED 1,293 per sqft, 20% above the AED 1,075 two-beds in the building were fetching at the time.
It has been rented continuously since 2011 on 5 Ejari contracts. The current contract, renewed on 1 November 2015, is AED 130,000 a year: a gross yield of 8.4% on the 2013 price, before the service charge of about AED 25,400 a year.
Sales and rents for 703 over time
703 has sold 3 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 703 sits
All 404 2-beds →703 last sold in October 2013 at AED 1,293 per sqft, 20% above what two-beds in Torch Tower were fetching at the time (AED 1,075). 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. 703's AED 130,000 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 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 | |
| 702 | 1-bed | 978 sqft | AED 705KAED 705,000 · Oct 2020October 2020 | 72,000 /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 |
703, Torch Tower in numbers
- Sold 3 times: first on 1 March 2009 for AED 1,014,656, last on 23 October 2013 for AED 1,550,000 (AED 1,293 per sqft).
- Rented since October 2011 on 5 Ejari contracts, from AED 75,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2013 price is 8.4%, before a service charge of about AED 25,400 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 1 November 2015.
Questions about 703, Torch Tower
What did unit 703 last sell for?
AED 1,550,000 on 23 October 2013: AED 1,293 per sqft for 1,198 sqft. The unit has 3 registered sales; the first was AED 1,014,656 in March 2009.
What is the rent for unit 703?
AED 130,000 a year on the contract renewed on 1 November 2015. The previous contract, from November 2014, was AED 130,000; the unit has been rented since October 2011.
How big is unit 703?
1,198 sqft (111.3 sqm): a two-bedroom apartment on the 7th floor of a 84-storey tower completed in 2011.
What is unit 703 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.
Selling 703? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 703, Torch Tower
Starts from the last sale price (AED 1.55M, 23 October 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,550,000
- Deposit, UAE resident (20%)
- AED 310,000
- Deposit, non-resident (40%)
- AED 620,000
- Monthly over 25 years at 3.7%
- AED 6,342
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →