509, Standpoint Towers 1
Sold prices and rental history: sold 4 times, last in September 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 509, Standpoint Towers 1
What is 509 worth today?
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Source: Dubai Land Department. Updated 19 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,391 sqft
- Floor
- 5th of 27
- Parking
- B1-38
- Developer
- Emaar
- Completed
- 2012
- Service charge
- AED 31,000 /yr
- Last sold
- AED 2.65M · September 2023
- Building
- Standpoint Towers 1
About 509, Standpoint Towers 1
509 is a two-bedroom apartment of 1,391 sqft on the 5th floor of Standpoint Towers 1, a 27-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 19 September 2023 for AED 2,650,000, or AED 1,905 per sqft, 6% above the AED 1,789 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 11 January 2020, is AED 180,000 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 31,000 a year.
Sales and rents for 509 over time
509 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 509 sits
All 100 2-beds →509 last sold in September 2023 at AED 1,905 per sqft, 6% above what two-beds in Standpoint Towers 1 were fetching at the time (AED 1,789). 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. 509's AED 180,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 1,209 sqft | 2,850,000 | 2,357 | ||
| 5 Oct 20265 October 2026 | 1,171 sqft | 2,350,000 | 2,006 | ||
| 19 Aug 202619 August 2026 | 1,171 sqft | 2,550,000 | 2,176 | ||
| 3 Jul 20263 July 2026 | 1,171 sqft | 2,600,000 | 2,219 |
Standpoint Towers 1
Building344 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%
Other units on the 5th floor
All 344 units in Standpoint Towers 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 847 sqft | AED 1.68MAED 1,680,000 · Oct 2024October 2024 | 110,000 /yr | |
| 503 | 1-bed | 827 sqft | AED 1.67MAED 1,667,916 · Sep 2013September 2013 | 100,000 /yr | |
| 504 | 2-bed | 1,412 sqft | AED 2.56MAED 2,562,666 · Sep 2013September 2013 | 130,000 /yr | |
| 505 | 1-bed | 907 sqft | AED 1.66MAED 1,658,166 · Sep 2013September 2013 | 102,000 /yr | |
| 506 | 1-bed | 851 sqft | AED 1.7MAED 1,700,000 · Jul 2015July 2015 | 105,000 /yr | |
| 507 | 1-bed | 844 sqft | AED 1.7MAED 1,700,000 · Dec 2023December 2023 | 71,500 /yr | |
| 508 | 1-bed | 847 sqft | AED 1.5MAED 1,500,000 · Sep 2023September 2023 | 150,000 /yr | |
| 510 | 2-bed | 1,209 sqft | AED 3MAED 3,000,000 · Nov 2014November 2014 | 145,000 /yr | |
| 511 | 1-bed | 827 sqft | AED 950KAED 950,000 · May 2021May 2021 | 90,000 /yr | |
| 512 | 1-bed | 841 sqft | AED 980KAED 980,000 · Mar 2014March 2014 | ||
| 513 | 2-bed | 1,171 sqft | AED 1.88MAED 1,880,000 · Feb 2018February 2018 | 120,000 /yr |
509, Standpoint Towers 1 in numbers
- Sold 4 times: first on 26 September 2013 for AED 2,511,888, last on 19 September 2023 for AED 2,650,000 (AED 1,905 per sqft).
- Rented since September 2014 on 5 Ejari contracts, from AED 182,000 to AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 31,000 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 19 September 2023.
Questions about 509, Standpoint Towers 1
What did unit 509 last sell for?
AED 2,650,000 on 19 September 2023: AED 1,905 per sqft for 1,391 sqft. The unit has 4 registered sales; the first was AED 2,511,888 in September 2013.
What is the rent for unit 509?
AED 180,000 a year on the contract signed on 11 January 2020. The previous contract, from January 2019, was AED 165,000; the unit has been rented since September 2014.
How big is unit 509?
1,391 sqft (129.2 sqm): a two-bedroom apartment on the 5th floor of a 27-storey tower completed in 2012.
What is unit 509 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 509, Standpoint Towers 1
Starts from the last sale price (AED 2.65M, 19 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,650,000
- Deposit, UAE resident (20%)
- AED 530,000
- Deposit, non-resident (40%)
- AED 1,060,000
- Monthly over 25 years at 3.7%
- AED 10,842
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →