Studio · 617 sqftMarquise Square, Business Bay · 22nd floor · completed 2019

2216, Marquise Square

Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2216 · DLD and Ejari recordsUpdated 1 March 2022
Last soldAED 1.26M1 March 2022
Current rentAED 52K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2216, Marquise Square

What is 2216 worth today?

Last sold for AED 1,260,888 in 2022

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1 Mar 2022Sold by developerReady
AED 1,260,888AED 2,045 per sqft
1 May 2021RentedNew contract
AED 52,000/yr14 months · AED 84 per sqft
15 Mar 2020RentedNew contract
AED 60,000/yr12 months · AED 97 per sqft

Source: Dubai Land Department. Updated 1 March 2022.

Key facts

Type
Studio apartment
Size
617 sqft
Floor
22nd of 29
Parking
B2-44
Developer
SRG
Completed
2019
Service charge
AED 10,500 /yr
Last sold
AED 1.26M · March 2022

About 2216, Marquise Square

2216 is a studio of 617 sqft on the 22nd floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. The developer sold it on 1 March 2022 for AED 1,260,888, or AED 2,045 per sqft, 12% above the AED 1,832 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 1 May 2021, is AED 52,000 a year: a gross yield of 4.1% on the 2022 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2216 over time

Sales
Unit 2216, 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 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 2022: AED 1,260,888 (AED 2,045 per sqft)

2216 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 2216, 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, March 2020: AED 60,000 a yearNew contract, May 2021: AED 52,000 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 2216 sits

All 239 studios →

2216 last sold in March 2022 at AED 2,045 per sqft, 12% above what studios in Marquise Square were fetching at the time (AED 1,832). 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. 2216's AED 52,000 is in the lower 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 22nd floor

All 413 units in Marquise Square
Value
22012-bedAED 2.83M · Jun 2022
2202StudioAED 876K · Jan 2022
2203StudioAED 975K · Apr 2023
2204StudioAED 991K · Feb 2022
2205StudioAED 1.17M · Aug 2022
2206StudioAED 1.19M · Nov 2021
2207StudioAED 1.05M · Jul 2017
1–7 of 16

2216, Marquise Square in numbers

  • Sold once: by SRG on 1 March 2022 for AED 1,260,888, or AED 2,045 per sqft.
  • Rented since March 2020 on 2 Ejari contracts, from AED 60,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2022 price is 4.1%, before a service charge of about AED 10,500 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 1 March 2022.

Questions about 2216, Marquise Square

What did unit 2216 last sell for?

AED 1,260,888 on 1 March 2022, sold by the developer: AED 2,045 per sqft for 617 sqft. It is the only registered sale of the unit.

What is the rent for unit 2216?

AED 52,000 a year on the contract signed on 1 May 2021. The previous contract, from March 2020, was AED 60,000.

How big is unit 2216?

617 sqft (57.3 sqm): a studio on the 22nd floor of a 29-storey tower completed in 2019.

What is unit 2216 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 2216, Marquise Square

Starts from the last sale price (AED 1.26M, 1 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,260,888
Deposit, UAE resident (20%)
AED 252,178
Deposit, non-resident (40%)
AED 504,355
Monthly over 25 years at 3.7%
AED 5,159

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