Studio · 569 sqftMarquise Square, Business Bay · 4th floor · completed 2019

408, Marquise Square

Sold prices and rental history: sold once, by the developer in February 2017, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 5 November 2023
Last soldAED 905K15 February 2017
Current rentAED 65K /yr5 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 408, Marquise Square

What is 408 worth today?

Last sold for AED 905,384 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Nov 2023RentedNew contract
AED 65,000/yr12 months · AED 114 per sqft
1 Aug 2019RentedNew contract
AED 45,000/yr12 months · AED 79 per sqft
15 Feb 2017Sold by developerOff-plan
AED 905,384AED 1,590 per sqft

Source: Dubai Land Department. Updated 5 November 2023.

Key facts

Type
Studio apartment
Size
569 sqft
Floor
4th of 29
Parking
B2-09
Developer
SRG
Completed
2019
Service charge
AED 9,700 /yr
Last sold
AED 905K · February 2017

About 408, Marquise Square

408 is a studio of 569 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 15 February 2017 for AED 905,384, or AED 1,590 per sqft, 10% below the AED 1,774 studios in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 5 November 2023, is AED 65,000 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 9,700 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical studio in Marquise Square
750K1M1.25M2016201920222025Typical sale price by year: 2016 AED 985,254; 2017 AED 969,417; 2018 AED 1,022,160; 2019 AED 1,115,134; 2020 AED 751,363; 2021 AED 830,000; 2022 AED 992,888; 2023 AED 965,000; 2024 AED 1,170,000; 2025 AED 1,200,000; 2026 AED 1,200,000Sold by developer, February 2017: AED 905,384 (AED 1,590 per sqft)

408 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 408, each contractTypical studio in Marquise Square
40K60K80K20192021202320252027Typical rent by year: 2019 AED 55,000; 2020 AED 50,000; 2021 AED 50,000; 2022 AED 55,000; 2023 AED 67,500; 2024 AED 75,000; 2025 AED 80,000; 2026 AED 82,000New contract, August 2019: AED 45,000 a yearNew contract, November 2023: AED 65,000 a year

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

Studios in Marquise Square, and where 408 sits

All 230 studios →

408 last sold in February 2017 at AED 1,590 per sqft, 10% below what studios in Marquise Square were fetching at the time (AED 1,774). Over the last 12 months studios sold for AED 1,148,000 to 1,270,000, around AED 1,897 per sqft, and rent for AED 60,596 to 107,500 a year. 408's AED 65,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
30 Jan 20261,160,000
19 Jan 20261,148,000
14 Jan 20261,200,000
12 Jan 20261,200,000
7 studio 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
4012-bedAED 2.6M · Aug 2022
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
1–7 of 16

408, Marquise Square in numbers

  • Sold once: by SRG on 15 February 2017 for AED 905,384, or AED 1,590 per sqft.
  • Rented since August 2019 on 2 Ejari contracts, from AED 45,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2017 price is 7.2%, before a service charge of about AED 9,700 a year (AED 16.99 per sqft).
  • Studios in Marquise Square sold for AED 1,148,000–1,270,000 in the 12 months to November 2026; the building's median across all types is AED 1,897 per sqft.

Source: Dubai Land Department. Updated 5 November 2023.

Questions about 408, Marquise Square

What did unit 408 last sell for?

AED 905,384 on 15 February 2017, sold by the developer: AED 1,590 per sqft for 569 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 65,000 a year on the contract signed on 5 November 2023. The previous contract, from August 2019, was AED 45,000.

How big is unit 408?

569 sqft (52.9 sqm): a studio on the 4th floor of a 29-storey tower completed in 2019.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Marquise Square sold for AED 1,148,000 to 1,270,000 in the last 12 months, around AED 1,897 per sqft.

Selling 408? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 408, Marquise Square

Starts from the last sale price (AED 905K, 15 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 905,384
Deposit, UAE resident (20%)
AED 181,077
Deposit, non-resident (40%)
AED 362,154
Monthly over 25 years at 3.7%
AED 3,704

Plus AED 43,036 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →