2-bed · 1,355 sqftStandpoint Towers 1, Downtown Dubai · 14th floor · completed 2012

1409, Standpoint Towers 1

Sold prices and rental history: sold twice, last in May 2018, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1409 · DLD and Ejari recordsUpdated 13 May 2018
Last soldAED 2.05M13 May 2018
Current rentAED 175K /yr22 December 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1409, Standpoint Towers 1

What is 1409 worth today?

Last sold for AED 2,050,000 in 2018

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13 May 2018SoldReady
AED 2,050,000AED 1,513 per sqft
22 Dec 2016RentedNew contract
AED 175,000/yr12 months · AED 129 per sqft
1 Sep 2015RentedRenewal
AED 170,000/yr12 months · AED 125 per sqft
1 Sep 2014RentedNew contract
AED 170,000/yr12 months · AED 125 per sqft
30 Sep 2013Sold by developerReady
AED 2,679,888AED 1,978 per sqft
1 Sep 2013RentedNew contract
AED 170,000/yr12 months · AED 125 per sqft

Source: Dubai Land Department. Updated 13 May 2018.

Key facts

Type
2-bed apartment
Size
1,355 sqft
Floor
14th of 27
Parking
B1-55
Developer
Emaar
Completed
2012
Service charge
AED 30,200 /yr
Last sold
AED 2.05M · May 2018

About 1409, Standpoint Towers 1

1409 is a two-bedroom apartment of 1,355 sqft on the 14th floor of Standpoint Towers 1, a 27-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 13 May 2018 for AED 2,050,000, or AED 1,513 per sqft, 6% below the AED 1,604 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 22 December 2016, is AED 175,000 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 30,200 a year.

Sales and rents for 1409 over time

Sales
Unit 1409, each saleTypical two-bed in Standpoint Towers 1
2M3M2009201420192024Typical sale price by year: 2009 AED 2,897,902; 2010 AED 2,357,166; 2012 AED 2,475,144; 2013 AED 2,442,666; 2014 AED 2,922,500; 2015 AED 3,162,388; 2016 AED 2,700,000; 2017 AED 2,437,500; 2018 AED 2,050,000; 2021 AED 1,800,000; 2022 AED 2,000,000; 2023 AED 2,525,000; 2024 AED 2,387,500; 2025 AED 3,000,000; 2026 AED 2,725,000Sold by developer, September 2013: AED 2,679,888 (AED 1,978 per sqft)Sold, May 2018: AED 2,050,000 (AED 1,513 per sqft)

1409 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1409, each contractTypical two-bed in Standpoint Towers 1
100K150K2013201720212025Typical rent by year: 2013 AED 142,500; 2014 AED 167,500; 2015 AED 160,000; 2016 AED 150,000; 2017 AED 140,000; 2018 AED 120,000; 2019 AED 100,000; 2020 AED 90,000; 2021 AED 90,000; 2022 AED 112,000; 2023 AED 135,000; 2024 AED 149,250; 2025 AED 160,000; 2026 AED 145,250New contract, September 2013: AED 170,000 a yearNew contract, September 2014: AED 170,000 a yearRenewal, September 2015: AED 170,000 a yearNew contract, December 2016: AED 175,000 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 Standpoint Towers 1, and where 1409 sits

All 100 2-beds →

1409 last sold in May 2018 at AED 1,513 per sqft, 6% below what two-beds in Standpoint Towers 1 were fetching at the time (AED 1,604). Over the last 12 months two-beds sold for AED 2,350,000 to 4,100,000, around AED 2,219 per sqft, and rent for AED 45,000 to 360,000 a year. 1409's AED 175,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20262,850,000
5 Oct 20262,350,000
19 Aug 20262,550,000
3 Jul 20262,600,000
10 2-bed sales in the last 12 months

Standpoint Towers 1

Building

344 apartments, studios to 3-bed over 27 floors in Downtown Dubai, completed in 2012 by Emaar. 24 sold in the last 12 months.

Typical price per sqft
AED 2,271 Down 3.0%
Typical sale
AED 2.15M
Typical rent
AED 110K /yr
Typical yield
5.7%
Standpoint Towers 1, Downtown Dubai: prices, sales and rents →

Other units on the 14th floor

All 344 units in Standpoint Towers 1
Value
14011-bedAED 1.48M · Aug 2013
14021-bedAED 1.9M · Jan 2014
14031-bedAED 1.68M · Sep 2013
14042-bedAED 2.8M · Jul 2025
14051-bedAED 1.57M · Apr 2024
14061-bedAED 1.88M · Feb 2014
14071-bedAED 1.38M · Sep 2013
1–7 of 12

1409, Standpoint Towers 1 in numbers

  • Sold twice: first on 30 September 2013 for AED 2,679,888, last on 13 May 2018 for AED 2,050,000 (AED 1,513 per sqft).
  • Rented since September 2013 on 4 Ejari contracts, from AED 170,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2018 price is 8.5%, before a service charge of about AED 30,200 a year (AED 22.27 per sqft).
  • Two-beds in Standpoint Towers 1 sold for AED 2,350,000–4,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,271 per sqft.

Source: Dubai Land Department. Updated 13 May 2018.

Questions about 1409, Standpoint Towers 1

What did unit 1409 last sell for?

AED 2,050,000 on 13 May 2018: AED 1,513 per sqft for 1,355 sqft. The unit has 2 registered sales; the first was AED 2,679,888 in September 2013.

What is the rent for unit 1409?

AED 175,000 a year on the contract signed on 22 December 2016. The previous contract, from September 2015, was AED 170,000; the unit has been rented since September 2013.

How big is unit 1409?

1,355 sqft (125.9 sqm): a two-bedroom apartment on the 14th floor of a 27-storey tower completed in 2012.

What is unit 1409 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Standpoint Towers 1 sold for AED 2,350,000 to 4,100,000 in the last 12 months, around AED 2,219 per sqft.

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Mortgage on 1409, Standpoint Towers 1

Starts from the last sale price (AED 2.05M, 13 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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