2-bed · 1,529 sqftMarquise Square, Business Bay · 1st floor · completed 2019

116, Marquise Square

Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 8 March 2022
Last soldAED 2.02M8 March 2022
Current rentAED 65K /yr28 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 116, Marquise Square

What is 116 worth today?

Last sold for AED 2,023,888 in 2022

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8 Mar 2022Sold by developerReady
AED 2,023,888AED 1,323 per sqft
28 Nov 2021RentedNew contract
AED 65,000/yr12 months · AED 43 per sqft
1 Jun 2021RentedNew contract
AED 100,000/yr14 months · AED 65 per sqft

Source: Dubai Land Department. Updated 8 March 2022.

Key facts

Type
2-bed apartment
Size
1,529 sqft
Floor
1st of 29
Parking
B1-207
Developer
SRG
Completed
2019
Service charge
AED 26,000 /yr
Last sold
AED 2.02M · March 2022

About 116, Marquise Square

116 is a two-bedroom apartment of 1,529 sqft on the 1st floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. The developer sold it on 8 March 2022 for AED 2,023,888, or AED 1,323 per sqft, 27% below the AED 1,821 two-beds in the building were fetching at the time.

It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 28 November 2021, is AED 65,000 a year: a gross yield of 3.2% on the 2022 price, before the service charge of about AED 26,000 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical two-bed in Marquise Square
2M3M2016201920222025Typical sale price by year: 2016 AED 2,500,552; 2020 AED 2,600,188; 2021 AED 2,517,444; 2022 AED 2,704,691; 2023 AED 2,900,000; 2024 AED 2,880,000; 2025 AED 3,400,000Sold by developer, March 2022: AED 2,023,888 (AED 1,323 per sqft)

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

Rents
Unit 116, each contractTypical two-bed in Marquise Square
50K100K150K20192021202320252027Typical rent by year: 2019 AED 120,000; 2020 AED 105,000; 2021 AED 102,000; 2022 AED 110,000; 2023 AED 120,000; 2024 AED 150,000; 2025 AED 155,000; 2026 AED 175,000New contract, June 2021: AED 100,000 a yearNew contract, November 2021: AED 65,000 a year

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

2-beds in Marquise Square, and where 116 sits

All 77 2-beds →

116 last sold in March 2022 at AED 1,323 per sqft, 27% below what two-beds in Marquise Square were fetching at the time (AED 1,821). 116's AED 65,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Apr 20253,450,000
7 Mar 20253,400,000
18 Feb 20253,000,000
30 Dec 20243,000,000
0 2-bed sales in the last 12 months

Marquise Square

Building

413 apartments, studios to 3-bed over 29 floors in Business Bay, completed in 2019 by SRG. 8 sold in the last 12 months.

Typical price per sqft
AED 1,897
Typical sale
AED 1.2M
Typical rent
AED 96K /yr
Typical yield
7.3%
Marquise Square, Business Bay: prices, sales and rents →

Other units on the 1st floor

All 413 units in Marquise Square
Value
1011-bedAED 1.49M · Jun 2022
1021-bedAED 1.23M · Jul 2022
1031-bedAED 1.21M · Jul 2022
1041-bedAED 1.3M · Aug 2022
1052-bedAED 1.93M · Jul 2022
106StudioAED 970K · May 2025
1071-bedAED 1.61M · Dec 2022
1–7 of 22

116, Marquise Square in numbers

  • Sold once: by SRG on 8 March 2022 for AED 2,023,888, or AED 1,323 per sqft.
  • Rented since June 2021 on 2 Ejari contracts, from AED 100,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2022 price is 3.2%, before a service charge of about AED 26,000 a year (AED 16.99 per sqft).

Source: Dubai Land Department. Updated 8 March 2022.

Questions about 116, Marquise Square

What did unit 116 last sell for?

AED 2,023,888 on 8 March 2022, sold by the developer: AED 1,323 per sqft for 1,529 sqft. It is the only registered sale of the unit.

What is the rent for unit 116?

AED 65,000 a year on the contract signed on 28 November 2021. The previous contract, from June 2021, was AED 100,000.

How big is unit 116?

1,529 sqft (142.0 sqm): a two-bedroom apartment on the 1st floor of a 29-storey tower completed in 2019.

What is unit 116 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 116, Marquise Square

Starts from the last sale price (AED 2.02M, 8 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,023,888
Deposit, UAE resident (20%)
AED 404,778
Deposit, non-resident (40%)
AED 809,555
Monthly over 25 years at 3.7%
AED 8,280

Plus AED 90,014 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →