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1-bed · 1,017 sqftMarquise Square, Business Bay · 3rd floor · completed 2019

308, Marquise Square

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

Unit 308 · DLD and Ejari recordsUpdated 26 March 2023
Last soldAED 1.9M16 August 2022
Current rentAED 76K /yr26 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Marquise Square

What is 308 worth today?

Last sold for AED 1,898,773 in 2022

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26 Mar 2023RentedRenewal
AED 76,436/yr10 months · AED 75 per sqft
16 Aug 2022Sold by developerReady
AED 1,898,773AED 1,866 per sqft
26 Mar 2022RentedNew contract
AED 76,000/yr12 months · AED 75 per sqft
26 Mar 2021RentedNew contract
AED 76,000/yr12 months · AED 75 per sqft
26 Mar 2020RentedNew contract
AED 83,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 26 March 2023.

Key facts

Type
1-bed apartment
Size
1,017 sqft
Floor
3rd of 29
Parking
B2-129
Developer
SRG
Completed
2019
Service charge
AED 17,300 /yr
Last sold
AED 1.9M · August 2022
Building
Marquise Square

About 308, Marquise Square

308 is a one-bedroom apartment of 1,017 sqft on the 3rd floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. The developer sold it on 16 August 2022 for AED 1,898,773, or AED 1,866 per sqft, 7% above the AED 1,746 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 26 March 2023, is AED 76,436 a year: a gross yield of 4.0% on the 2022 price, before the service charge of about AED 17,300 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical one-bed in Marquise Square
1M1.5M2M2016201920222025Typical sale price by year: 2016 AED 1,443,698; 2017 AED 1,420,759; 2018 AED 1,573,158; 2020 AED 1,084,743; 2021 AED 1,286,388; 2022 AED 1,441,888; 2023 AED 1,423,746; 2024 AED 1,600,000; 2025 AED 1,640,000Sold by developer, August 2022: AED 1,898,773 (AED 1,866 per sqft)

308 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 308, each contractTypical one-bed in Marquise Square
80K100K20192021202320252027Typical rent by year: 2019 AED 75,000; 2020 AED 72,000; 2021 AED 70,000; 2022 AED 75,000; 2023 AED 82,000; 2024 AED 95,867; 2025 AED 110,000; 2026 AED 106,000New contract, March 2020: AED 83,000 a yearNew contract, March 2021: AED 76,000 a yearNew contract, March 2022: AED 76,000 a yearRenewal, March 2023: AED 76,436 a year

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

1-beds in Marquise Square, and where 308 sits

All 78 1-beds →

308 last sold in August 2022 at AED 1,866 per sqft, 7% above what one-beds in Marquise Square were fetching at the time (AED 1,746). Over the last 12 months one-beds sold for AED 1,675,000 to 2,250,000, around AED 2,220 per sqft, and rent for AED 77,000 to 145,000 a year. 308's AED 76,436 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Aug 20266,350
28 Jul 20262,250,000
6 Mar 20261,675,000
29 Dec 202532,702
4 1-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 3rd floor

All 413 units in Marquise Square
Value
3012-bedAED 3.11M · Aug 2022
302StudioAED 800K · Jul 2023
3032-bedAED 5.82M · Sep 2022
304StudioAED 1.04M · Apr 2022
305StudioAED 1.21M · Aug 2022
3061-bedAED 1.64M · May 2025
3072-bedAED 3.48M · Aug 2022

308, Marquise Square in numbers

  • Sold once: by SRG on 16 August 2022 for AED 1,898,773, or AED 1,866 per sqft.
  • Rented since March 2020 on 4 Ejari contracts, from AED 83,000 to AED 76,436 a year.
  • At AED 76,436 a year the gross yield on the 2022 price is 4.0%, before a service charge of about AED 17,300 a year (AED 16.99 per sqft).
  • One-beds in Marquise Square sold for AED 1,675,000–2,250,000 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 26 March 2023.

Questions about 308, Marquise Square

What did unit 308 last sell for?

AED 1,898,773 on 16 August 2022, sold by the developer: AED 1,866 per sqft for 1,017 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 76,436 a year on the contract renewed on 26 March 2023. The previous contract, from March 2022, was AED 76,000; the unit has been rented since March 2020.

How big is unit 308?

1,017 sqft (94.5 sqm): a one-bedroom apartment on the 3rd floor of a 29-storey tower completed in 2019.

What is unit 308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Marquise Square sold for AED 1,675,000 to 2,250,000 in the last 12 months, around AED 2,220 per sqft.

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Mortgage on 308, Marquise Square

Starts from the last sale price (AED 1.9M, 16 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,898,773
Deposit, UAE resident (20%)
AED 379,755
Deposit, non-resident (40%)
AED 759,509
Monthly over 25 years at 3.7%
AED 7,768

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