Marina Torch Tower is an 86-storey complex reaching a height of over 1,100 feet. The tower is just a few minutes' walk from Al Manara Beach and Dubai Media City Park. The skyscraper attracts attention not only by its size but also by its torch-like shape.
The complex was built by Select Group, which is considered one of the top developers in the Middle East and Europe. Construction was completed in 2011.
The available residences for purchase include apartments with 1-3 bedrooms and four duplexes. The total area of these residences starts from 883 sq. ft.
In the third quarter of 2023, the starting price for a one-bedroom apartment in Marina Torch Tower is AED 1.3M (USD 354K). The cost of a duplex starts from AED 6.8M (USD 1.85M).
Marina Torch Tower attracts families with children and working professionals. It is close to the central districts of Business Bay and Downtown Dubai. Dubai Media City, with its concentration of international brands, retail outlets, and commercial spaces, can be reached on foot or in 5 minutes by car.
Dubai Marina offers a wide range of preschools, educational institutions, entertainment options, shopping opportunities, and well-maintained beaches.
Marina Torch Tower is a beneficial option for investment and passive income through long-term rentals. The average annual rental price for furnished one-bedroom apartments is AED 95K (USD 26K), with an ROI of 7.6 %.
Purchasing property in Marina Torch Tower allows homeowners to obtain one of the main types of residential visas. If the purchased property value exceeds AED 750K (USD 204K), owners can obtain a two-year visa.
Owners of apartments valued at AED 2M (USD 545K) or more can apply for a Golden Visa with a validity period of 10 years.