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Studio · 617 sqftMarquise Square, Business Bay · 6th floor · completed 2019

616, Marquise Square

Sold prices and rental history: sold twice, last in November 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 21 November 2023
Last soldAED 990K21 November 2023
Current rentAED 55K /yr19 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 616, Marquise Square

What is 616 worth today?

Last sold for AED 990,000 in 2023

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21 Nov 2023SoldReady
AED 990,000AED 1,605 per sqft
19 Oct 2022RentedRenewal
AED 55,000/yr12 months · AED 90 per sqft
19 Oct 2021RentedNew contract
AED 55,000/yr12 months · AED 90 per sqft
1 Oct 2019RentedNew contract
AED 55,000/yr12 months · AED 90 per sqft
10 Jun 2018Sold by developerOff-plan
AED 1,054,788AED 1,710 per sqft

Source: Dubai Land Department. Updated 21 November 2023.

Key facts

Type
Studio apartment
Size
617 sqft
Floor
6th of 29
Parking
B2-47
Developer
SRG
Completed
2019
Service charge
AED 10,500 /yr
Last sold
AED 990K · November 2023
Building
Marquise Square

About 616, Marquise Square

616 is a studio of 617 sqft on the 6th floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. It last sold on 21 November 2023 for AED 990,000, or AED 1,605 per sqft, 5% below the AED 1,685 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 19 October 2022, is AED 55,000 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 10,500 a year.

Sales and rents for 616 over time

Sales
Unit 616, 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, June 2018: AED 1,054,788 (AED 1,710 per sqft)Sold, November 2023: AED 990,000 (AED 1,605 per sqft)

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

Rents
Unit 616, 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, October 2019: AED 55,000 a yearNew contract, October 2021: AED 55,000 a yearRenewal, October 2022: AED 55,000 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 616 sits

All 239 studios →

616 last sold in November 2023 at AED 1,605 per sqft, 5% below what studios in Marquise Square were fetching at the time (AED 1,685). 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. 616's AED 55,000 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 6th floor

All 413 units in Marquise Square
Value
6012-bedAED 2.57M · Apr 2022
602StudioAED 1.18M · Jun 2026
603StudioAED 900K · Feb 2023
604StudioAED 675K · Sep 2019
605StudioAED 987K · Apr 2022
606StudioAED 670K · Sep 2021
607StudioAED 1.15M · Oct 2024
1–7 of 16

616, Marquise Square in numbers

  • Sold twice: first on 10 June 2018 for AED 1,054,788, last on 21 November 2023 for AED 990,000 (AED 1,605 per sqft).
  • Rented since October 2019 on 3 Ejari contracts, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 10,500 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 21 November 2023.

Questions about 616, Marquise Square

What did unit 616 last sell for?

AED 990,000 on 21 November 2023: AED 1,605 per sqft for 617 sqft. The unit has 2 registered sales; the first was AED 1,054,788 in June 2018.

What is the rent for unit 616?

AED 55,000 a year on the contract renewed on 19 October 2022. The previous contract, from October 2021, was AED 55,000; the unit has been rented since October 2019.

How big is unit 616?

617 sqft (57.3 sqm): a studio on the 6th floor of a 29-storey tower completed in 2019.

What is unit 616 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 616, Marquise Square

Starts from the last sale price (AED 990K, 21 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 990,000
Deposit, UAE resident (20%)
AED 198,000
Deposit, non-resident (40%)
AED 396,000
Monthly over 25 years at 3.7%
AED 4,050

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