1-bed · 961 sqftStandpoint Towers 1, Downtown Dubai · 24th floor · completed 2012

2407, Standpoint Towers 1

Sold prices and rental history: sold 3 times, last in April 2023, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2407 · DLD and Ejari recordsUpdated 12 April 2023
Last soldAED 1.7M12 April 2023
Current rentAED 100K /yr24 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2407, Standpoint Towers 1

What is 2407 worth today?

Last sold for AED 1,700,000 in 2023

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12 Apr 2023SoldReady
AED 1,700,000AED 1,769 per sqft
24 Jul 2018RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft
1 Mar 2016RentedNew contract
AED 140,000/yr12 months · AED 146 per sqft
21 Oct 2013SoldReady
AED 2,160,000AED 2,248 per sqft
5 Sep 2013Sold by developerReady
AED 1,569,888AED 1,633 per sqft

Source: Dubai Land Department. Updated 12 April 2023.

Key facts

Type
1-bed apartment
Size
961 sqft
Floor
24th of 27
Parking
P3-4
Developer
Emaar
Completed
2012
Service charge
AED 21,400 /yr
Last sold
AED 1.7M · April 2023

About 2407, Standpoint Towers 1

2407 is a one-bedroom apartment of 961 sqft on the 24th floor of Standpoint Towers 1, a 27-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 12 April 2023 for AED 1,700,000, or AED 1,769 per sqft, 9% above the AED 1,616 one-beds in the building were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 24 July 2018, is AED 100,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 21,400 a year.

Sales and rents for 2407 over time

Sales
Unit 2407, each saleTypical one-bed in Standpoint Towers 1
1M2M2009201420192024Typical sale price by year: 2009 AED 2,355,888; 2010 AED 1,823,166; 2012 AED 1,460,388; 2013 AED 1,568,888; 2014 AED 1,745,444; 2015 AED 1,700,000; 2016 AED 1,687,500; 2017 AED 1,535,000; 2018 AED 1,300,000; 2019 AED 1,150,000; 2020 AED 925,000; 2021 AED 1,000,000; 2022 AED 1,250,000; 2023 AED 1,504,913; 2024 AED 1,750,000; 2025 AED 1,912,500; 2026 AED 2,000,000Sold by developer, September 2013: AED 1,569,888 (AED 1,633 per sqft)Sold, October 2013: AED 2,160,000 (AED 2,248 per sqft)Sold, April 2023: AED 1,700,000 (AED 1,769 per sqft)

2407 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2407, each contractTypical one-bed in Standpoint Towers 1
100K150K2013201720212025Typical rent by year: 2013 AED 92,000; 2014 AED 105,000; 2015 AED 110,000; 2016 AED 110,000; 2017 AED 100,000; 2018 AED 87,500; 2019 AED 76,500; 2020 AED 68,750; 2021 AED 66,000; 2022 AED 78,750; 2023 AED 90,527; 2024 AED 100,000; 2025 AED 110,000; 2026 AED 105,000New contract, March 2016: AED 140,000 a yearNew contract, July 2018: AED 100,000 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 Standpoint Towers 1, and where 2407 sits

All 214 1-beds →

2407 last sold in April 2023 at AED 1,769 per sqft, 9% above what one-beds in Standpoint Towers 1 were fetching at the time (AED 1,616). Over the last 12 months one-beds sold for AED 1,500,000 to 2,225,000, around AED 2,254 per sqft, and rent for AED 70,000 to 170,000 a year. 2407's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
14 Oct 20262,000,000
1 Oct 20261,800,000
5 Aug 20262,010,000
5 Aug 202651,152
12 1-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 24th floor

All 344 units in Standpoint Towers 1
Value
24011-bedAED 1.78M · Nov 2024
24022-bedAED 2.19M · May 2023
24033-bedAED 3.6M · Jan 2025
24041-bedAED 1.75M · May 2024
24051-bedAED 1.5M · Jun 2015
24061-bedAED 1.38M · Feb 2018
24083-bedAED 2.69M · Sep 2013
1–7 of 9

2407, Standpoint Towers 1 in numbers

  • Sold 3 times: first on 5 September 2013 for AED 1,569,888, last on 12 April 2023 for AED 1,700,000 (AED 1,769 per sqft).
  • Rented since March 2016 on 2 Ejari contracts, from AED 140,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 21,400 a year (AED 22.27 per sqft).
  • One-beds in Standpoint Towers 1 sold for AED 1,500,000–2,225,000 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 12 April 2023.

Questions about 2407, Standpoint Towers 1

What did unit 2407 last sell for?

AED 1,700,000 on 12 April 2023: AED 1,769 per sqft for 961 sqft. The unit has 3 registered sales; the first was AED 1,569,888 in September 2013.

What is the rent for unit 2407?

AED 100,000 a year on the contract signed on 24 July 2018. The previous contract, from March 2016, was AED 140,000.

How big is unit 2407?

961 sqft (89.3 sqm): a one-bedroom apartment on the 24th floor of a 27-storey tower completed in 2012.

What is unit 2407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Standpoint Towers 1 sold for AED 1,500,000 to 2,225,000 in the last 12 months, around AED 2,254 per sqft.

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Mortgage on 2407, Standpoint Towers 1

Starts from the last sale price (AED 1.7M, 12 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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