2-bed · 1,433 sqftMarquise Square, Business Bay · 24th floor · completed 2019

2402, Marquise Square

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

Unit 2402 · DLD and Ejari recordsUpdated 25 May 2024
Last soldAED 2.2M30 January 2024
Current rentAED 150K /yr25 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2402, Marquise Square

What is 2402 worth today?

Last sold for AED 2,200,000 in 2024

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25 May 2024RentedNew contract
AED 150,000/yr36 months · AED 105 per sqft
30 Jan 2024SoldReady
AED 2,200,000AED 1,535 per sqft
10 Dec 2022RentedNew contract
AED 107,000/yr12 months · AED 75 per sqft
14 Jun 2022Sold by developerReady
AED 2,571,888AED 1,794 per sqft
10 Oct 2021RentedNew contract
AED 105,000/yr14 months · AED 73 per sqft
28 Jul 2020RentedNew contract
AED 105,000/yr14 months · AED 73 per sqft

Source: Dubai Land Department. Updated 25 May 2024.

Key facts

Type
2-bed apartment
Size
1,433 sqft
Floor
24th of 29
Parking
B1-28
Developer
SRG
Completed
2019
Service charge
AED 24,300 /yr
Last sold
AED 2.2M · January 2024

About 2402, Marquise Square

2402 is a two-bedroom apartment of 1,433 sqft on the 24th floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. It last sold on 30 January 2024 for AED 2,200,000, or AED 1,535 per sqft, 29% below the AED 2,165 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 25 May 2024, is AED 150,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 24,300 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, each saleTypical two-bed in Marquise Square
2M3M2016201920222025Typical sale price by year: 2016 AED 2,557,016; 2020 AED 2,600,188; 2021 AED 2,517,444; 2022 AED 2,704,691; 2023 AED 2,900,000; 2024 AED 2,880,000; 2025 AED 3,400,000; 2026 AED 2,800,000Sold by developer, June 2022: AED 2,571,888 (AED 1,794 per sqft)Sold, January 2024: AED 2,200,000 (AED 1,535 per sqft)

2402 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2402, each contractTypical two-bed in Marquise Square
100K125K150K20192021202320252027Typical rent by year: 2019 AED 120,000; 2020 AED 105,000; 2021 AED 102,750; 2022 AED 107,000; 2023 AED 125,000; 2024 AED 150,000; 2025 AED 155,000; 2026 AED 151,890New contract, July 2020: AED 105,000 a yearNew contract, October 2021: AED 105,000 a yearNew contract, December 2022: AED 107,000 a yearNew contract, May 2024: AED 150,000 a year

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

2-beds in Marquise Square, and where 2402 sits

All 78 2-beds →

2402 last sold in January 2024 at AED 1,535 per sqft, 29% below what two-beds in Marquise Square were fetching at the time (AED 2,165). Over the last 12 months two-beds sold for AED 2,460,000 to 4,088,924, around AED 2,246 per sqft, and rent for AED 100,000 to 205,000 a year. 2402's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Jul 20262,620,000
15 Apr 20264,088,924
14 Apr 20263,522,415
2 Apr 20262,460,000
5 2-bed 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 24th floor

All 413 units in Marquise Square
Value
24013-bedAED 3.6M · Aug 2024
24032-bedAED 2.23M · May 2022
24043-bedAED 3.05M · Aug 2025
24053-bedAED 3.64M · Nov 2016
24062-bedAED 3.1M · Oct 2024
24072-bedAED 2.62M · Jul 2026
24082-bedAED 2.44M · Nov 2016

2402, Marquise Square in numbers

  • Sold twice: first on 14 June 2022 for AED 2,571,888, last on 30 January 2024 for AED 2,200,000 (AED 1,535 per sqft).
  • Rented since July 2020 on 4 Ejari contracts, from AED 105,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 24,300 a year (AED 16.99 per sqft).
  • Two-beds in Marquise Square sold for AED 2,460,000–4,088,924 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 25 May 2024.

Questions about 2402, Marquise Square

What did unit 2402 last sell for?

AED 2,200,000 on 30 January 2024: AED 1,535 per sqft for 1,433 sqft. The unit has 2 registered sales; the first was AED 2,571,888 in June 2022.

What is the rent for unit 2402?

AED 150,000 a year on the contract signed on 25 May 2024. The previous contract, from December 2022, was AED 107,000; the unit has been rented since July 2020.

How big is unit 2402?

1,433 sqft (133.1 sqm): a two-bedroom apartment on the 24th floor of a 29-storey tower completed in 2019.

What is unit 2402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marquise Square sold for AED 2,460,000 to 4,088,924 in the last 12 months, around AED 2,246 per sqft.

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Mortgage on 2402, Marquise Square

Starts from the last sale price (AED 2.2M, 30 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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