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Studio · 632 sqftMarquise Square, Business Bay · 5th floor · completed 2019

505, Marquise Square

Sold prices and rental history: sold twice, last in November 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 28 November 2022
Last soldAED 940K28 November 2022
Current rentAED 44K /yr31 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 505, Marquise Square

What is 505 worth today?

Last sold for AED 940,000 in 2022

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28 Nov 2022SoldReady
AED 940,000AED 1,486 per sqft
31 Aug 2021RentedRenewal
AED 44,004/yr12 months · AED 70 per sqft
31 Aug 2020RentedNew contract
AED 44,004/yr12 months · AED 70 per sqft
10 Sep 2019RentedNew contract
AED 51,000/yr13 months · AED 81 per sqft
16 Jan 2017Sold by developerOff-plan
AED 1,013,359AED 1,602 per sqft

Source: Dubai Land Department. Updated 28 November 2022.

Key facts

Type
Studio apartment
Size
632 sqft
Floor
5th of 29
Parking
B3-164
Developer
SRG
Completed
2019
Service charge
AED 10,700 /yr
Last sold
AED 940K · November 2022
Building
Marquise Square

About 505, Marquise Square

505 is a studio of 632 sqft on the 5th floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. It last sold on 28 November 2022 for AED 940,000, or AED 1,486 per sqft, 20% below the AED 1,850 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 31 August 2021, is AED 44,004 a year: a gross yield of 4.7% on the 2022 price, before the service charge of about AED 10,700 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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, January 2017: AED 1,013,359 (AED 1,602 per sqft)Sold, November 2022: AED 940,000 (AED 1,486 per sqft)

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

Rents
Unit 505, each contractTypical studio in Marquise Square
40K60K80K20192021202320252027Typical 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, September 2019: AED 51,000 a yearNew contract, August 2020: AED 44,004 a yearRenewal, August 2021: AED 44,004 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 505 sits

All 239 studios →

505 last sold in November 2022 at AED 1,486 per sqft, 20% below what studios in Marquise Square were fetching at the time (AED 1,850). 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. 505's AED 44,004 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 5th floor

All 413 units in Marquise Square
Value
5012-bedAED 2.76M · Aug 2022
502StudioAED 916K · Sep 2016
503StudioAED 725K · Apr 2022
504StudioAED 1.06M · May 2022
506StudioAED 930K · Aug 2023
507StudioAED 1.2M · Jan 2026
508StudioAED 840K · Oct 2022
1–7 of 16

505, Marquise Square in numbers

  • Sold twice: first on 16 January 2017 for AED 1,013,359, last on 28 November 2022 for AED 940,000 (AED 1,486 per sqft).
  • Rented since September 2019 on 3 Ejari contracts, from AED 51,000 to AED 44,004 a year.
  • At AED 44,004 a year the gross yield on the 2022 price is 4.7%, before a service charge of about AED 10,700 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 28 November 2022.

Questions about 505, Marquise Square

What did unit 505 last sell for?

AED 940,000 on 28 November 2022: AED 1,486 per sqft for 632 sqft. The unit has 2 registered sales; the first was AED 1,013,359 in January 2017.

What is the rent for unit 505?

AED 44,004 a year on the contract renewed on 31 August 2021. The previous contract, from August 2020, was AED 44,004; the unit has been rented since September 2019.

How big is unit 505?

632 sqft (58.7 sqm): a studio on the 5th floor of a 29-storey tower completed in 2019.

What is unit 505 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 505, Marquise Square

Starts from the last sale price (AED 940K, 28 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 940,000
Deposit, UAE resident (20%)
AED 188,000
Deposit, non-resident (40%)
AED 376,000
Monthly over 25 years at 3.7%
AED 3,846

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