7408, Torch Tower
Sold prices and rental history: sold 4 times, last in March 2023, 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 7408, Torch Tower
What is 7408 worth today?
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Source: Dubai Land Department. Updated 1 August 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 808 sqft
- Floor
- 74th of 84
- Parking
- B1-19
- Developer
- Torch Select
- Completed
- 2011
- Service charge
- AED 17,100 /yr
- Last sold
- AED 1.05M · March 2023
- Building
- Torch Tower
About 7408, Torch Tower
7408 is a one-bedroom apartment of 808 sqft on the 74th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 17 March 2023 for AED 1,050,000, or AED 1,299 per sqft, 27% above the AED 1,023 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 August 2023, is AED 62,700 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 17,100 a year.
Sales and rents for 7408 over time
7408 has sold 4 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 7408 sits
All 220 1-beds →7408 last sold in March 2023 at AED 1,299 per sqft, 27% above what one-beds in Torch Tower were fetching at the time (AED 1,023). 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. 7408's AED 62,700 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 74th floor
All 675 units in Torch Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 7401 | 3-bed | 1,713 sqft | AED 2.75MAED 2,750,000 · Jan 2026January 2026 | 150,000 /yr | |
| 7402 | 3-bed | 1,717 sqft | AED 4.1MAED 4,100,000 · Oct 2025October 2025 | ||
| 7403 | 3-bed | 1,713 sqft | AED 1.9MAED 1,900,000 · Mar 2023March 2023 | 150,000 /yr | |
| 7404 | 3-bed | 1,717 sqft | AED 1.2MAED 1,200,000 · Jul 2020July 2020 | 185,000 /yr | |
| 7405 | 1-bed | 808 sqft | AED 1.3MAED 1,296,891 · Apr 2009April 2009 | 95,000 /yr | |
| 7406 | 1-bed | 808 sqft | AED 1.48MAED 1,475,000 · Dec 2025December 2025 | 90,000 /yr | |
| 7407 | 1-bed | 808 sqft | AED 1.36MAED 1,363,000 · May 2014May 2014 | 88,000 /yr |
7408, Torch Tower in numbers
- Sold 4 times: first on 25 April 2009 for AED 1,316,604, last on 17 March 2023 for AED 1,050,000 (AED 1,299 per sqft).
- Rented since July 2013 on 9 Ejari contracts, from AED 90,000 to AED 62,700 a year.
- At AED 62,700 a year the gross yield on the 2023 price is 6.0%, 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 1 August 2023.
Questions about 7408, Torch Tower
What did unit 7408 last sell for?
AED 1,050,000 on 17 March 2023: AED 1,299 per sqft for 808 sqft. The unit has 4 registered sales; the first was AED 1,316,604 in April 2009.
What is the rent for unit 7408?
AED 62,700 a year on the contract signed on 1 August 2023. The previous contract, from August 2022, was AED 57,000; the unit has been rented since July 2013.
How big is unit 7408?
808 sqft (75.1 sqm): a one-bedroom apartment on the 74th floor of a 84-storey tower completed in 2011.
What is unit 7408 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 7408, Torch Tower
Starts from the last sale price (AED 1.05M, 17 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,050,000
- Deposit, UAE resident (20%)
- AED 210,000
- Deposit, non-resident (40%)
- AED 420,000
- Monthly over 25 years at 3.7%
- AED 4,296
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →