2-bed · 1,447 sqftMarquise Square, Business Bay · 24th floor · completed 2019

2406, Marquise Square

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

Unit 2406 · DLD and Ejari recordsUpdated 29 October 2024
Last soldAED 3.1M29 October 2024
Current rentAED 110K /yr13 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2406, Marquise Square

What is 2406 worth today?

Last sold for AED 3,100,000 in 2024

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29 Oct 2024SoldReady
AED 3,100,000AED 2,142 per sqft
13 Nov 2023RentedRenewal
AED 110,000/yr12 months · AED 76 per sqft
13 Nov 2022RentedRenewal
AED 100,000/yr12 months · AED 69 per sqft
13 May 2022RentedRenewal
AED 100,000/yr6 months · AED 69 per sqft
13 May 2021RentedRenewal
AED 100,000/yr12 months · AED 69 per sqft
13 May 2020RentedNew contract
AED 100,000/yr12 months · AED 69 per sqft
19 Dec 2016Sold by developerOff-plan
AED 2,557,016AED 1,766 per sqft

Source: Dubai Land Department. Updated 29 October 2024.

Key facts

Type
2-bed apartment
Size
1,447 sqft
Floor
24th of 29
Parking
B1-88
Developer
SRG
Completed
2019
Service charge
AED 24,600 /yr
Last sold
AED 3.1M · October 2024

About 2406, Marquise Square

2406 is a two-bedroom apartment of 1,447 sqft on the 24th floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. It last sold on 29 October 2024 for AED 3,100,000, or AED 2,142 per sqft, 5% above the AED 2,049 two-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 13 November 2023, is AED 110,000 a year: a gross yield of 3.5% on the 2024 price, before the service charge of about AED 24,600 a year.

Sales and rents for 2406 over time

Sales
Unit 2406, each saleTypical two-bed in Marquise Square
2.5M3M3.5M2016201920222025Typical 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, December 2016: AED 2,557,016 (AED 1,766 per sqft)Sold, October 2024: AED 3,100,000 (AED 2,142 per sqft)

2406 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2406, 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, May 2020: AED 100,000 a yearRenewal, May 2021: AED 100,000 a yearRenewal, May 2022: AED 100,000 a yearRenewal, November 2022: AED 100,000 a yearRenewal, November 2023: AED 110,000 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 2406 sits

All 78 2-beds →

2406 last sold in October 2024 at AED 2,142 per sqft, 5% above what two-beds in Marquise Square were fetching at the time (AED 2,049). 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. 2406's AED 110,000 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
24022-bedAED 2.2M · Jan 2024
24032-bedAED 2.23M · May 2022
24043-bedAED 3.05M · Aug 2025
24053-bedAED 3.64M · Nov 2016
24072-bedAED 2.62M · Jul 2026
24082-bedAED 2.44M · Nov 2016

2406, Marquise Square in numbers

  • Sold twice: first on 19 December 2016 for AED 2,557,016, last on 29 October 2024 for AED 3,100,000 (AED 2,142 per sqft).
  • Rented since May 2020 on 5 Ejari contracts, from AED 100,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 3.5%, before a service charge of about AED 24,600 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 29 October 2024.

Questions about 2406, Marquise Square

What did unit 2406 last sell for?

AED 3,100,000 on 29 October 2024: AED 2,142 per sqft for 1,447 sqft. The unit has 2 registered sales; the first was AED 2,557,016 in December 2016.

What is the rent for unit 2406?

AED 110,000 a year on the contract renewed on 13 November 2023. The previous contract, from November 2022, was AED 100,000; the unit has been rented since May 2020.

How big is unit 2406?

1,447 sqft (134.4 sqm): a two-bedroom apartment on the 24th floor of a 29-storey tower completed in 2019.

What is unit 2406 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 2406, Marquise Square

Starts from the last sale price (AED 3.1M, 29 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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