3-bed · 1,713 sqftTorch Tower, Dubai Marina · 76th floor · completed 2011

7603, Torch Tower

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7603 · DLD and Ejari recordsUpdated 24 May 2024
Last soldAED 3.01M30 April 2009
Current rentAED 132K /yr24 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7603, Torch Tower

What is 7603 worth today?

Last sold for AED 3,008,442 in 2009

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24 May 2024RentedRenewal
AED 131,951/yr5 months · AED 77 per sqft
24 May 2024RentedRenewal
AED 131,951/yr5 months · AED 77 per sqft
17 Oct 2023RentedRenewal
AED 131,163/yr7 months · AED 77 per sqft
17 Oct 2022RentedRenewal
AED 114,000/yr12 months · AED 67 per sqft
17 Oct 2021RentedRenewal
AED 95,000/yr12 months · AED 55 per sqft
17 Oct 2020RentedRenewal
AED 85,000/yr12 months · AED 50 per sqft
17 Oct 2019RentedNew contract
AED 100,000/yr12 months · AED 58 per sqft
24 Apr 2017RentedNew contract
AED 165,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 24 May 2024.

Key facts

Type
3-bed apartment
Size
1,713 sqft
Floor
76th of 84
Parking
B1-29
Developer
Torch Select
Completed
2011
Service charge
AED 36,300 /yr
Last sold
AED 3.01M · April 2009
Building
Torch Tower

About 7603, Torch Tower

7603 is a three-bedroom apartment of 1,713 sqft on the 76th floor of Torch Tower, a 84-storey tower in Dubai Marina completed in 2011 by Torch Select. The developer sold it on 30 April 2009 for AED 3,008,442, or AED 1,756 per sqft, 18% above the AED 1,494 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 24 May 2024, is AED 131,951 a year: a gross yield of 4.4% on the 2009 price, before the service charge of about AED 36,300 a year.

Sales and rents for 7603 over time

Sales
Unit 7603, each saleTypical three-bed in Torch Tower
2M2009201420192024Typical 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, April 2009: AED 3,008,442 (AED 1,756 per sqft)

7603 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7603, 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, April 2014: AED 180,000 a yearNew contract, April 2015: AED 198,000 a yearNew contract, April 2016: AED 165,000 a yearNew contract, April 2017: AED 165,000 a yearNew contract, October 2019: AED 100,000 a yearRenewal, October 2020: AED 85,000 a yearRenewal, October 2021: AED 95,000 a yearRenewal, October 2022: AED 114,000 a yearRenewal, October 2023: AED 131,163 a yearRenewal, May 2024: AED 131,951 a yearRenewal, May 2024: AED 131,951 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 7603 sits

All 50 3-beds →

7603 last sold in April 2009 at AED 1,756 per sqft, 18% above what three-beds in Torch Tower were fetching at the time (AED 1,494). 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. 7603's AED 131,951 is in the lower half 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 76th floor

All 675 units in Torch Tower
Value
76013-bedAED 2.5M · Jul 2024
76023-bedAED 1.6M · Sep 2012
76043-bedAED 3.01M · Apr 2009
76051-bedAED 1.2M · Nov 2022
76061-bedAED 1.32M · May 2014
76071-bedAED 953K · Apr 2012
76081-bedAED 1.5M · Feb 2025

7603, Torch Tower in numbers

  • Sold once: by Torch Select on 30 April 2009 for AED 3,008,442, or AED 1,756 per sqft.
  • Rented since April 2014 on 11 Ejari contracts. The rent fell from AED 180,000 to AED 85,000 in 2020 and recovered to AED 131,951 by May 2024.
  • At AED 131,951 a year the gross yield on the 2009 price is 4.4%, before a service charge of about AED 36,300 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 24 May 2024.

Questions about 7603, Torch Tower

What did unit 7603 last sell for?

AED 3,008,442 on 30 April 2009, sold by the developer: AED 1,756 per sqft for 1,713 sqft. It is the only registered sale of the unit.

What is the rent for unit 7603?

AED 131,951 a year on the contract renewed on 24 May 2024. The previous contract, from May 2024, was AED 131,951; the unit has been rented since April 2014.

How big is unit 7603?

1,713 sqft (159.1 sqm): a three-bedroom apartment on the 76th floor of a 84-storey tower completed in 2011.

What is unit 7603 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 7603, Torch Tower

Starts from the last sale price (AED 3.01M, 30 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 3,008,442
Deposit, UAE resident (20%)
AED 601,688
Deposit, non-resident (40%)
AED 1,203,377
Monthly over 25 years at 3.7%
AED 12,308

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