7308, Torch Tower
Sold prices and rental history: sold 3 times, last in June 2014, 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 7308, Torch Tower
What is 7308 worth today?
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Source: Dubai Land Department. Updated 26 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 808 sqft
- Floor
- 73rd of 84
- Parking
- B1-11
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 17,100 /yr
- Last sold
- AED 1.33M · June 2014
- Building
- Torch Tower
About 7308, Torch Tower
7308 is a one-bedroom apartment of 808 sqft on the 73rd floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 17 June 2014 for AED 1,328,000, or AED 1,643 per sqft, 17% above the AED 1,409 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 26 December 2024, is AED 89,250 a year: a gross yield of 6.7% on the 2014 price, before the service charge of about AED 17,100 a year.
Sales and rents for 7308 over time
7308 has sold 3 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 7308 sits
All 220 1-beds →7308 last sold in June 2014 at AED 1,643 per sqft, 17% above what one-beds in Torch Tower were fetching at the time (AED 1,409). 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. 7308's AED 89,250 is in the upper 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 73rd floor
All 675 units in Torch Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 7301 | 3-bed | 1,713 sqft | AED 2.69MAED 2,692,794 · May 2009May 2009 | 170,000 /yr | |
| 7302 | 3-bed | 1,717 sqft | AED 2.34MAED 2,340,000 · Apr 2014April 2014 | 165,000 /yr | |
| 7303 | 3-bed | 1,713 sqft | AED 2.65MAED 2,650,000 · Aug 2024August 2024 | 100,000 /yr | |
| 7304 | 3-bed | 1,717 sqft | AED 2.15MAED 2,150,000 · Jun 2023June 2023 | 145,000 /yr | |
| 7305 | 1-bed | 808 sqft | AED 1.33MAED 1,334,000 · May 2014May 2014 | 85,000 /yr | |
| 7306 | 1-bed | 808 sqft | AED 1.28MAED 1,281,172 · Sep 2009September 2009 | 80,000 /yr | |
| 7307 | 1-bed | 808 sqft | AED 1.55MAED 1,550,000 · Oct 2025October 2025 | 100,000 /yr |
7308, Torch Tower in numbers
- Sold 3 times: first on 30 September 2009 for AED 1,241,952, last on 17 June 2014 for AED 1,328,000 (AED 1,643 per sqft).
- Rented since September 2013 on 8 Ejari contracts. The rent fell from AED 85,000 to AED 65,000 in 2018 and recovered to AED 89,250 by December 2024.
- At AED 89,250 a year the gross yield on the 2014 price is 6.7%, before a service charge of about AED 17,100 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 26 December 2024.
Questions about 7308, Torch Tower
What did unit 7308 last sell for?
AED 1,328,000 on 17 June 2014: AED 1,643 per sqft for 808 sqft. The unit has 3 registered sales; the first was AED 1,241,952 in September 2009.
What is the rent for unit 7308?
AED 89,250 a year on the contract renewed on 26 December 2024. The previous contract, from December 2024, was AED 89,250; the unit has been rented since September 2013.
How big is unit 7308?
808 sqft (75.1 sqm): a one-bedroom apartment on the 73rd floor of a 84-storey tower completed in 2011.
What is unit 7308 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 7308, Torch Tower
Starts from the last sale price (AED 1.33M, 17 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,328,000
- Deposit, UAE resident (20%)
- AED 265,600
- Deposit, non-resident (40%)
- AED 531,200
- Monthly over 25 years at 3.7%
- AED 5,433
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →