Studio · 689 sqftMarquise Square, Business Bay · 12th floor · completed 2019

1214, Marquise Square

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1214 · DLD and Ejari recordsUpdated 15 August 2024
Last soldAED 1.2M17 May 2024
Current rentAED 83K /yr15 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1214, Marquise Square

What is 1214 worth today?

Last sold for AED 1,200,000 in 2024

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15 Aug 2024RentedNew contract
AED 82,894/yr10 months · AED 120 per sqft
17 May 2024SoldReady
AED 1,200,000AED 1,741 per sqft
15 Aug 2023RentedNew contract
AED 83,000/yr12 months · AED 120 per sqft
10 Jul 2022RentedRenewal
AED 57,500/yr12 months · AED 83 per sqft
10 Jul 2021RentedRenewal
AED 55,000/yr12 months · AED 80 per sqft
10 Jul 2020RentedNew contract
AED 55,000/yr12 months · AED 80 per sqft
14 Mar 2017Sold by developerOff-plan
AED 1,050,284AED 1,524 per sqft

Source: Dubai Land Department. Updated 15 August 2024.

Key facts

Type
Studio apartment
Size
689 sqft
Floor
12th of 29
Parking
B2-71
Developer
SRG
Completed
2019
Service charge
AED 11,700 /yr
Last sold
AED 1.2M · May 2024

About 1214, Marquise Square

1214 is a studio of 689 sqft on the 12th floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. It last sold on 17 May 2024 for AED 1,200,000, or AED 1,741 per sqft, 9% below the AED 1,909 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, signed on 15 August 2024, is AED 82,894 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 11,700 a year.

Sales and rents for 1214 over time

Sales
Unit 1214, each saleTypical studio in Marquise Square
800K1M1.2M2016201920222025Typical sale price by year: 2016 AED 985,254; 2017 AED 969,417; 2018 AED 1,022,160; 2019 AED 1,115,134; 2020 AED 871,572; 2021 AED 790,000; 2022 AED 1,015,444; 2023 AED 965,000; 2024 AED 1,190,000; 2025 AED 1,200,000; 2026 AED 1,160,000Sold by developer, March 2017: AED 1,050,284 (AED 1,524 per sqft)Sold, May 2024: AED 1,200,000 (AED 1,741 per sqft)

1214 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1214, each contractTypical studio in Marquise Square
60K80K20192021202320252027Typical rent by year: 2019 AED 55,000; 2020 AED 50,000; 2021 AED 50,000; 2022 AED 55,000; 2023 AED 65,500; 2024 AED 75,000; 2025 AED 80,000; 2026 AED 73,750New contract, July 2020: AED 55,000 a yearRenewal, July 2021: AED 55,000 a yearRenewal, July 2022: AED 57,500 a yearNew contract, August 2023: AED 83,000 a yearNew contract, August 2024: AED 82,894 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 1214 sits

All 239 studios →

1214 last sold in May 2024 at AED 1,741 per sqft, 9% below what studios in Marquise Square were fetching at the time (AED 1,909). Over the last 12 months studios sold for AED 966,888 to 1,270,000, around AED 1,907 per sqft, and rent for AED 38,000 to 110,000 a year. 1214's AED 82,894 is in the upper half of that range.

Recent studio salesUnit no.Price (AED)Summary
28 Sep 2026966,888
25 Sep 20261,190,000
1 Sep 20261,110,000
6 Aug 202629,844
18 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. 28 sold in the last 12 months.

Typical price per sqft
AED 2,073 Up 1.5%
Typical sale
AED 1.19M
Typical rent
AED 85K /yr
Typical yield
6.0%
Marquise Square, Business Bay: prices, sales and rents →

Other units on the 12th floor

All 413 units in Marquise Square
Value
12012-bedAED 2.34M · Jun 2022
1202StudioAED 929K · Sep 2016
1203StudioAED 980K · Mar 2024
1204StudioAED 867K · Dec 2016
1205StudioAED 969K · Nov 2021
1206StudioAED 980K · Mar 2023
1207StudioAED 1.14M · Sep 2025
1–7 of 16

1214, Marquise Square in numbers

  • Sold twice: first on 14 March 2017 for AED 1,050,284, last on 17 May 2024 for AED 1,200,000 (AED 1,741 per sqft).
  • Rented since July 2020 on 5 Ejari contracts, from AED 55,000 to AED 82,894 a year.
  • At AED 82,894 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 11,700 a year (AED 16.99 per sqft).
  • Studios in Marquise Square sold for AED 966,888–1,270,000 in the 12 months to November 2026; the building's median across all types is AED 2,073 per sqft.

Source: Dubai Land Department. Updated 15 August 2024.

Questions about 1214, Marquise Square

What did unit 1214 last sell for?

AED 1,200,000 on 17 May 2024: AED 1,741 per sqft for 689 sqft. The unit has 2 registered sales; the first was AED 1,050,284 in March 2017.

What is the rent for unit 1214?

AED 82,894 a year on the contract signed on 15 August 2024. The previous contract, from August 2023, was AED 83,000; the unit has been rented since July 2020.

How big is unit 1214?

689 sqft (64.0 sqm): a studio on the 12th floor of a 29-storey tower completed in 2019.

What is unit 1214 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 966,888 to 1,270,000 in the last 12 months, around AED 1,907 per sqft.

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Mortgage on 1214, Marquise Square

Starts from the last sale price (AED 1.2M, 17 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →