Studio · 447 sqftStandpoint Towers 1, Downtown Dubai · 3rd floor · completed 2012

307, Standpoint Towers 1

Sold prices and rental history: sold 3 times, last in November 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 10 November 2019
Last soldAED 650K10 November 2019
Current rentAED 56K /yr12 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Standpoint Towers 1

What is 307 worth today?

Last sold for AED 650,000 in 2019

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10 Nov 2019SoldReady
AED 650,000AED 1,454 per sqft
12 May 2019RentedNew contract
AED 56,000/yr12 months · AED 125 per sqft
1 May 2017RentedNew contract
AED 76,000/yr12 months · AED 168 per sqft
12 Apr 2016RentedNew contract
AED 80,000/yr12 months · AED 177 per sqft
28 Mar 2015RentedNew contract
AED 80,000/yr12 months · AED 177 per sqft
3 Sep 2013SoldReady
AED 1,138,416AED 2,546 per sqft
1 Feb 2010Sold by developerOff-plan
AED 1,138,416AED 2,546 per sqft

Source: Dubai Land Department. Updated 10 November 2019.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
3rd of 27
Parking
P3-36
Developer
Emaar
Completed
2012
Service charge
AED 10,000 /yr
Last sold
AED 650K · November 2019

About 307, Standpoint Towers 1

307 is a studio of 447 sqft on the 3rd floor of Standpoint Towers 1, a 27-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 10 November 2019 for AED 650,000, or AED 1,454 per sqft.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 12 May 2019, is AED 56,000 a year: a gross yield of 8.6% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical studio in Standpoint Towers 1
1M2010201420182022Typical sale price by year: 2010 AED 1,166,541; 2013 AED 970,888; 2014 AED 1,234,944; 2015 AED 1,130,000; 2016 AED 1,150,000; 2023 AED 1,100,000; 2024 AED 1,169,000Sold by developer, February 2010: AED 1,138,416 (AED 2,546 per sqft)Sold, September 2013: AED 1,138,416 (AED 2,546 per sqft)Sold, November 2019: AED 650,000 (AED 1,454 per sqft)

307 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 307, each contractTypical studio in Standpoint Towers 1
60K80K2013201720212025Typical rent by year: 2013 AED 75,000; 2014 AED 79,250; 2015 AED 82,000; 2016 AED 79,000; 2017 AED 70,000; 2018 AED 64,500; 2019 AED 57,000; 2020 AED 47,000; 2021 AED 50,000; 2022 AED 62,500; 2023 AED 73,000; 2024 AED 77,000; 2025 AED 80,000; 2026 AED 76,650New contract, March 2015: AED 80,000 a yearNew contract, April 2016: AED 80,000 a yearNew contract, May 2017: AED 76,000 a yearNew contract, May 2019: AED 56,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Standpoint Towers 1, and where 307 sits

All 24 studios →

Over the last 12 months studios sold for AED 1,100,000 to 1,250,000, around AED 2,536 per sqft, and rent for AED 67,000 to 85,000 a year. 307's AED 56,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
24 Jun 20261,100,000
4 May 20261,250,000
16 May 20251,200,000
6 Mar 20251,225,000
2 studio 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 3rd floor

All 344 units in Standpoint Towers 1
Value
3011-bedAED 1.13M · Apr 2014
3021-bedAED 2.09M · Aug 2013
3031-bedAED 1.65M · Sep 2014
3042-bedAED 2.69M · Oct 2013
3051-bedAED 1.41M · Jan 2014
306StudioAED 1M · Jun 2018
308StudioAED 1.1M · Jun 2026
1–7 of 15

307, Standpoint Towers 1 in numbers

  • Sold 3 times: first on 1 February 2010 for AED 1,138,416, last on 10 November 2019 for AED 650,000 (AED 1,454 per sqft).
  • Rented since March 2015 on 4 Ejari contracts, from AED 80,000 to AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2019 price is 8.6%, before a service charge of about AED 10,000 a year (AED 22.27 per sqft).
  • Studios in Standpoint Towers 1 sold for AED 1,100,000–1,250,000 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 10 November 2019.

Questions about 307, Standpoint Towers 1

What did unit 307 last sell for?

AED 650,000 on 10 November 2019: AED 1,454 per sqft for 447 sqft. The unit has 3 registered sales; the first was AED 1,138,416 in February 2010.

What is the rent for unit 307?

AED 56,000 a year on the contract signed on 12 May 2019. The previous contract, from May 2017, was AED 76,000; the unit has been rented since March 2015.

How big is unit 307?

447 sqft (41.5 sqm): a studio on the 3rd floor of a 27-storey tower completed in 2012.

What is unit 307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Standpoint Towers 1 sold for AED 1,100,000 to 1,250,000 in the last 12 months, around AED 2,536 per sqft.

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Mortgage on 307, Standpoint Towers 1

Starts from the last sale price (AED 650K, 10 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 650,000
Deposit, UAE resident (20%)
AED 130,000
Deposit, non-resident (40%)
AED 260,000
Monthly over 25 years at 3.7%
AED 2,659

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