3-bed · 1,717 sqftTorch Tower, Dubai Marina · 75th floor · completed 2011

7502, Torch Tower

Sold prices and rental history: sold twice, last in June 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7502 · DLD and Ejari recordsUpdated 2 September 2018
Last soldAED 925K22 June 2017
Current rentAED 60K /yr2 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7502, Torch Tower

What is 7502 worth today?

Last sold for AED 925,000 in 2017

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2 Sep 2018RentedNew contract
AED 60,000/yr12 months · AED 35 per sqft
22 Jun 2017SoldReady
AED 925,000AED 538 per sqft
11 Aug 2015RentedRenewal
AED 187,525/yr12 months · AED 109 per sqft
11 Aug 2014RentedRenewal
AED 163,900/yr12 months · AED 95 per sqft
11 Aug 2013RentedRenewal
AED 131,250/yr12 months · AED 76 per sqft
11 Aug 2012RentedNew contract
AED 125,000/yr12 months · AED 73 per sqft
1 May 2012Sold by developerReady
AED 1,839,427AED 1,071 per sqft

Source: Dubai Land Department. Updated 2 September 2018.

Key facts

Type
3-bed apartment
Size
1,717 sqft
Floor
75th of 84
Parking
B1-21
Developer
Torch Select
Completed
2011
Service charge
AED 36,400 /yr
Last sold
AED 925K · June 2017
Building
Torch Tower

About 7502, Torch Tower

7502 is a three-bedroom apartment of 1,717 sqft on the 75th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. It last sold on 22 June 2017 for AED 925,000, or AED 538 per sqft.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 2 September 2018, is AED 60,000 a year: a gross yield of 6.5% on the 2017 price, before the service charge of about AED 36,400 a year.

Sales and rents for 7502 over time

Sales
Unit 7502, each saleTypical three-bed in Torch Tower
2M4M2009201420192024Typical sale price by year: 2009 AED 2,604,504; 2011 AED 2,519,332; 2012 AED 2,150,000; 2013 AED 2,462,500; 2014 AED 2,785,091; 2019 AED 1,304,750; 2020 AED 1,235,000; 2022 AED 1,800,000; 2023 AED 2,245,000; 2024 AED 3,482,500; 2025 AED 3,575,000; 2026 AED 2,750,000Sold by developer, May 2012: AED 1,839,427 (AED 1,071 per sqft)Sold, June 2017: AED 925,000 (AED 538 per sqft)

7502 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7502, each contractTypical three-bed in Torch Tower
100K200K2012201620202024Typical rent by year: 2012 AED 135,000; 2013 AED 160,000; 2014 AED 177,500; 2015 AED 189,000; 2016 AED 165,000; 2017 AED 160,000; 2018 AED 130,000; 2019 AED 112,500; 2020 AED 92,500; 2021 AED 95,000; 2022 AED 132,500; 2023 AED 147,500; 2024 AED 162,500; 2025 AED 165,000; 2026 AED 162,500New contract, August 2012: AED 125,000 a yearRenewal, August 2013: AED 131,250 a yearRenewal, August 2014: AED 163,900 a yearRenewal, August 2015: AED 187,525 a yearNew contract, September 2018: AED 60,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Torch Tower, and where 7502 sits

All 50 3-beds →

Over the last 12 months three-beds sold for AED 2,500,000 to 5,755,568, around AED 1,576 per sqft, and rent for AED 122,000 to 470,001 a year. 7502's AED 60,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Aug 20262,700,000
24 Jun 20265,755,568
17 Mar 20262,500,000
6 Feb 20262,750,000
5 3-bed sales in the last 12 months

Torch Tower

Building

675 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%
Torch Tower, Dubai Marina: prices, sales and rents →

Other units on the 75th floor

All 675 units in Torch Tower
Value
75013-bedAED 2.7M · May 2024
75032-bedAED 1.3M · Jan 2020
75043-bedAED 2.34M · Aug 2023
75051-bedAED 1.38M · Jun 2014
75061-bedAED 1.25M · Jun 2026
75071-bedAED 1.05M · Jan 2023
75081-bedAED 1.34M · May 2014

7502, Torch Tower in numbers

  • Sold twice: first on 1 May 2012 for AED 1,839,427, last on 22 June 2017 for AED 925,000 (AED 538 per sqft).
  • Rented since August 2012 on 5 Ejari contracts, from AED 125,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2017 price is 6.5%, before a service charge of about AED 36,400 a year (AED 21.19 per sqft).
  • Three-beds in Torch Tower sold for AED 2,500,000–5,755,568 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 2 September 2018.

Questions about 7502, Torch Tower

What did unit 7502 last sell for?

AED 925,000 on 22 June 2017: AED 538 per sqft for 1,717 sqft. The unit has 2 registered sales; the first was AED 1,839,427 in May 2012.

What is the rent for unit 7502?

AED 60,000 a year on the contract signed on 2 September 2018. The previous contract, from August 2015, was AED 187,525; the unit has been rented since August 2012.

How big is unit 7502?

1,717 sqft (159.5 sqm): a three-bedroom apartment on the 75th floor of a 84-storey tower completed in 2011.

What is unit 7502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Torch Tower sold for AED 2,500,000 to 5,755,568 in the last 12 months, around AED 1,576 per sqft.

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Mortgage on 7502, Torch Tower

Starts from the last sale price (AED 925K, 22 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 925,000
Deposit, UAE resident (20%)
AED 185,000
Deposit, non-resident (40%)
AED 370,000
Monthly over 25 years at 3.7%
AED 3,784

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →