2-bed · 1,482 sqftMarquise Square, Business Bay · 4th floor · completed 2019

401, Marquise Square

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

Unit 401 · DLD and Ejari recordsUpdated 19 November 2023
Last soldAED 2.6M2 August 2022
Current rentAED 145K /yr19 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, Marquise Square

What is 401 worth today?

Last sold for AED 2,598,613 in 2022

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19 Nov 2023RentedNew contract
AED 145,000/yr12 months · AED 98 per sqft
6 Jun 2023RentedRenewal
AED 110,000/yr12 months · AED 74 per sqft
2 Aug 2022Sold by developerReady
AED 2,598,613AED 1,753 per sqft
6 Jun 2022RentedNew contract
AED 96,000/yr12 months · AED 65 per sqft
6 Apr 2021RentedNew contract
AED 95,000/yr14 months · AED 64 per sqft

Source: Dubai Land Department. Updated 19 November 2023.

Key facts

Type
2-bed apartment
Size
1,482 sqft
Floor
4th of 29
Parking
B1-121
Developer
SRG
Completed
2019
Service charge
AED 25,200 /yr
Last sold
AED 2.6M · August 2022

About 401, Marquise Square

401 is a two-bedroom apartment of 1,482 sqft on the 4th floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. The developer sold it on 2 August 2022 for AED 2,598,613, or AED 1,753 per sqft, in line with the AED 1,804 two-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 19 November 2023, is AED 145,000 a year: a gross yield of 5.6% on the 2022 price, before the service charge of about AED 25,200 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in Marquise Square
2.5M3M3.5M2016201920222025Typical 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, August 2022: AED 2,598,613 (AED 1,753 per sqft)

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

Rents
Unit 401, each contractTypical two-bed in Marquise Square
100K150K20192021202320252027Typical 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, April 2021: AED 95,000 a yearNew contract, June 2022: AED 96,000 a yearRenewal, June 2023: AED 110,000 a yearNew contract, November 2023: AED 145,000 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 401 sits

All 77 2-beds →

401 last sold in August 2022 at AED 1,753 per sqft, in line with what two-beds in Marquise Square were fetching at the time (AED 1,804). 401's AED 145,000 is in the lower half 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 4th floor

All 413 units in Marquise Square
Value
402StudioAED 934K · Oct 2016
403StudioAED 910K · Jun 2024
404StudioAED 958K · Apr 2022
405StudioAED 1.09M · Apr 2022
406StudioAED 912K · Jun 2017
407StudioAED 1.17M · Jun 2022
408StudioAED 905K · Feb 2017
1–7 of 16

401, Marquise Square in numbers

  • Sold once: by SRG on 2 August 2022 for AED 2,598,613, or AED 1,753 per sqft.
  • Rented since April 2021 on 4 Ejari contracts, from AED 95,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2022 price is 5.6%, before a service charge of about AED 25,200 a year (AED 16.99 per sqft).

Source: Dubai Land Department. Updated 19 November 2023.

Questions about 401, Marquise Square

What did unit 401 last sell for?

AED 2,598,613 on 2 August 2022, sold by the developer: AED 1,753 per sqft for 1,482 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 145,000 a year on the contract signed on 19 November 2023. The previous contract, from June 2023, was AED 110,000; the unit has been rented since April 2021.

How big is unit 401?

1,482 sqft (137.7 sqm): a two-bedroom apartment on the 4th floor of a 29-storey tower completed in 2019.

What is unit 401 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 401, Marquise Square

Starts from the last sale price (AED 2.6M, 2 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,598,613
Deposit, UAE resident (20%)
AED 519,723
Deposit, non-resident (40%)
AED 1,039,445
Monthly over 25 years at 3.7%
AED 10,632

Plus AED 114,152 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →