Studio · 516 sqftMarquise Square, Business Bay · 7th floor · completed 2019

713, Marquise Square

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 713 · DLD and Ejari recordsUpdated 13 September 2024
Last soldAED 1.22M13 September 2024
Current rentAED 50K /yr24 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 713, Marquise Square

What is 713 worth today?

Last sold for AED 1,220,000 in 2024

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13 Sep 2024SoldReady
AED 1,220,000AED 2,362 per sqft
24 Jul 2023RentedNew contract
AED 50,400/yr12 months · AED 98 per sqft
25 Jul 2022RentedRenewal
AED 48,000/yr12 months · AED 93 per sqft
24 Dec 2021RentedRenewal
AED 42,661/yr7 months · AED 83 per sqft
24 Dec 2020RentedNew contract
AED 42,000/yr12 months · AED 81 per sqft
1 Nov 2019RentedNew contract
AED 53,000/yr12 months · AED 103 per sqft
10 Apr 2018Sold by developerOff-plan
AED 1,022,160AED 1,979 per sqft

Source: Dubai Land Department. Updated 13 September 2024.

Key facts

Type
Studio apartment
Size
516 sqft
Floor
7th of 29
Parking
B3-08
Developer
SRG
Completed
2019
Service charge
AED 8,800 /yr
Last sold
AED 1.22M · September 2024

About 713, Marquise Square

713 is a studio of 516 sqft on the 7th floor of Marquise Square, a 29-storey tower in Business Bay completed in 2019 by SRG. It last sold on 13 September 2024 for AED 1,220,000, or AED 2,362 per sqft, 20% above the AED 1,974 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 24 July 2023, is AED 50,400 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 8,800 a year.

Sales and rents for 713 over time

Sales
Unit 713, 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, April 2018: AED 1,022,160 (AED 1,979 per sqft)Sold, September 2024: AED 1,220,000 (AED 2,362 per sqft)

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

Rents
Unit 713, 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, November 2019: AED 53,000 a yearNew contract, December 2020: AED 42,000 a yearRenewal, December 2021: AED 42,661 a yearRenewal, July 2022: AED 48,000 a yearNew contract, July 2023: AED 50,400 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 713 sits

All 239 studios →

713 last sold in September 2024 at AED 2,362 per sqft, 20% above what studios in Marquise Square were fetching at the time (AED 1,974). 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. 713's AED 50,400 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 7th floor

All 413 units in Marquise Square
Value
7012-bedAED 2.71M · Apr 2022
702StudioAED 868K · Jul 2017
703StudioAED 640K · Oct 2019
704StudioAED 913K · Mar 2022
705StudioAED 1.02M · Jul 2018
706StudioAED 1.19M · May 2022
707StudioAED 1.05M · Jul 2024
1–7 of 16

713, Marquise Square in numbers

  • Sold twice: first on 10 April 2018 for AED 1,022,160, last on 13 September 2024 for AED 1,220,000 (AED 2,362 per sqft).
  • Rented since November 2019 on 5 Ejari contracts. The rent fell from AED 53,000 to AED 42,000 in 2020 and recovered to AED 50,400 by July 2023.
  • At AED 50,400 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 8,800 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 13 September 2024.

Questions about 713, Marquise Square

What did unit 713 last sell for?

AED 1,220,000 on 13 September 2024: AED 2,362 per sqft for 516 sqft. The unit has 2 registered sales; the first was AED 1,022,160 in April 2018.

What is the rent for unit 713?

AED 50,400 a year on the contract signed on 24 July 2023. The previous contract, from July 2022, was AED 48,000; the unit has been rented since November 2019.

How big is unit 713?

516 sqft (47.9 sqm): a studio on the 7th floor of a 29-storey tower completed in 2019.

What is unit 713 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 713, Marquise Square

Starts from the last sale price (AED 1.22M, 13 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,220,000
Deposit, UAE resident (20%)
AED 244,000
Deposit, non-resident (40%)
AED 488,000
Monthly over 25 years at 3.7%
AED 4,991

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