Studio · 586 sqftMarquise Square, Business Bay · 23rd floor · completed 2019

2316, Marquise Square

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2316 · DLD and Ejari recordsUpdated 22 December 2023
Last soldAED 1.1M8 March 2023
Current rentAED 70K /yr22 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2316, Marquise Square

What is 2316 worth today?

Last sold for AED 1,100,000 in 2023

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22 Dec 2023RentedRenewal
AED 70,174/yr8 months · AED 120 per sqft
8 Mar 2023SoldReady
AED 1,100,000AED 1,878 per sqft
22 Dec 2022RentedNew contract
AED 60,000/yr12 months · AED 102 per sqft
10 Feb 2022Sold by developerReady
AED 1,201,888AED 2,052 per sqft
22 Dec 2021RentedNew contract
AED 60,000/yr12 months · AED 102 per sqft
22 Nov 2020RentedNew contract
AED 60,000/yr13 months · AED 102 per sqft
5 Mar 2020RentedNew contract
AED 60,000/yr12 months · AED 102 per sqft

Source: Dubai Land Department. Updated 22 December 2023.

Key facts

Type
Studio apartment
Size
586 sqft
Floor
23rd of 29
Parking
B2-45
Developer
SRG
Completed
2019
Service charge
AED 10,000 /yr
Last sold
AED 1.1M · March 2023

About 2316, Marquise Square

2316 is a studio of 586 sqft on the 23rd floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. It last sold on 8 March 2023 for AED 1,100,000, or AED 1,878 per sqft, in line with the AED 1,839 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 22 December 2023, is AED 70,174 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for 2316 over time

Sales
Unit 2316, 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, February 2022: AED 1,201,888 (AED 2,052 per sqft)Sold, March 2023: AED 1,100,000 (AED 1,878 per sqft)

2316 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 2316, 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, November 2020: AED 60,000 a yearNew contract, December 2021: AED 60,000 a yearNew contract, December 2022: AED 60,000 a yearRenewal, December 2023: AED 70,174 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 2316 sits

All 239 studios →

2316 last sold in March 2023 at AED 1,878 per sqft, in line with what studios in Marquise Square were fetching at the time (AED 1,839). 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. 2316's AED 70,174 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 23rd floor

All 413 units in Marquise Square
Value
23012-bedAED 2.97M · Jul 2022
2302StudioAED 876K · Jan 2022
2303StudioAED 975K · Jun 2024
2304StudioAED 1.08M · Oct 2024
2305StudioAED 1.17M · Dec 2021
2306StudioAED 1.22M · Apr 2022
2307StudioAED 1.23M · Jul 2025
1–7 of 16

2316, Marquise Square in numbers

  • Sold twice: first on 10 February 2022 for AED 1,201,888, last on 8 March 2023 for AED 1,100,000 (AED 1,878 per sqft).
  • Rented since March 2020 on 5 Ejari contracts, from AED 60,000 to AED 70,174 a year.
  • At AED 70,174 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 10,000 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 22 December 2023.

Questions about 2316, Marquise Square

What did unit 2316 last sell for?

AED 1,100,000 on 8 March 2023: AED 1,878 per sqft for 586 sqft. The unit has 2 registered sales; the first was AED 1,201,888 in February 2022.

What is the rent for unit 2316?

AED 70,174 a year on the contract renewed on 22 December 2023. The previous contract, from December 2022, was AED 60,000; the unit has been rented since March 2020.

How big is unit 2316?

586 sqft (54.4 sqm): a studio on the 23rd floor of a 29-storey tower completed in 2019.

What is unit 2316 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 2316, Marquise Square

Starts from the last sale price (AED 1.1M, 8 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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