1-bed · 834 sqftMarquise Square, Business Bay · 4th floor · completed 2019

409, Marquise Square

Sold prices and rental history: sold once, by the developer in July 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 21 March 2023
Last soldAED 1.44M27 July 2022
Current rentAED 72K /yr21 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Marquise Square

What is 409 worth today?

Last sold for AED 1,438,888 in 2022

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21 Mar 2023RentedRenewal
AED 72,473/yr10 months · AED 87 per sqft
27 Jul 2022Sold by developerReady
AED 1,438,888AED 1,726 per sqft
21 Mar 2022RentedNew contract
AED 68,000/yr12 months · AED 82 per sqft
21 Feb 2021RentedNew contract
AED 68,000/yr13 months · AED 82 per sqft
8 Dec 2019RentedNew contract
AED 70,000/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 21 March 2023.

Key facts

Type
1-bed apartment
Size
834 sqft
Floor
4th of 29
Parking
B2-158
Developer
SRG
Completed
2019
Service charge
AED 14,200 /yr
Last sold
AED 1.44M · July 2022

About 409, Marquise Square

409 is a one-bedroom apartment of 834 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 27 July 2022 for AED 1,438,888, or AED 1,726 per sqft, in line with the AED 1,750 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 21 March 2023, is AED 72,473 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 14,200 a year.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical one-bed in Marquise Square
1M1.5M2016201920222025Typical sale price by year: 2016 AED 1,443,698; 2017 AED 1,456,192; 2018 AED 1,438,314; 2020 AED 1,084,743; 2021 AED 1,292,888; 2022 AED 1,441,388; 2023 AED 1,423,746; 2024 AED 1,600,000; 2025 AED 1,670,000Sold by developer, July 2022: AED 1,438,888 (AED 1,726 per sqft)

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

Rents
Unit 409, each contractTypical one-bed in Marquise Square
80K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 72,000; 2021 AED 68,000; 2022 AED 75,000; 2023 AED 82,000; 2024 AED 100,000; 2025 AED 110,125; 2026 AED 105,000New contract, December 2019: AED 70,000 a yearNew contract, February 2021: AED 68,000 a yearNew contract, March 2022: AED 68,000 a yearRenewal, March 2023: AED 72,473 a year

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

1-beds in Marquise Square, and where 409 sits

All 75 1-beds →

409 last sold in July 2022 at AED 1,726 per sqft, in line with what one-beds in Marquise Square were fetching at the time (AED 1,750). Over the last 12 months one-beds sold for AED 32,702, around AED 45 per sqft, and rent for AED 84,000 to 145,000 a year. 409's AED 72,473 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Dec 202532,702
21 Jul 20251,900,000
1 Jul 202542,138
30 Jun 20251,350,000
1 1-bed sale 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

409, Marquise Square in numbers

  • Sold once: by SRG on 27 July 2022 for AED 1,438,888, or AED 1,726 per sqft.
  • Rented since December 2019 on 4 Ejari contracts, from AED 70,000 to AED 72,473 a year.
  • At AED 72,473 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 14,200 a year (AED 16.99 per sqft).
  • One-beds in Marquise Square sold for AED 32,702–32,702 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 21 March 2023.

Questions about 409, Marquise Square

What did unit 409 last sell for?

AED 1,438,888 on 27 July 2022, sold by the developer: AED 1,726 per sqft for 834 sqft. It is the only registered sale of the unit.

What is the rent for unit 409?

AED 72,473 a year on the contract renewed on 21 March 2023. The previous contract, from March 2022, was AED 68,000; the unit has been rented since December 2019.

How big is unit 409?

834 sqft (77.5 sqm): a one-bedroom apartment on the 4th floor of a 29-storey tower completed in 2019.

What is unit 409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marquise Square sold for AED 32,702 to 32,702 in the last 12 months, around AED 45 per sqft.

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Mortgage on 409, Marquise Square

Starts from the last sale price (AED 1.44M, 27 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,438,888
Deposit, UAE resident (20%)
AED 287,778
Deposit, non-resident (40%)
AED 575,555
Monthly over 25 years at 3.7%
AED 5,887

Plus AED 65,444 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →