2-bed · 1,209 sqftStandpoint Towers 1, Downtown Dubai · 5th floor · completed 2012

510, Standpoint Towers 1

Sold prices and rental history: sold 4 times, last in November 2014, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 510 · DLD and Ejari recordsUpdated 12 November 2014
Last soldAED 3M12 November 2014
Current rentAED 145K /yr12 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 510, Standpoint Towers 1

What is 510 worth today?

Last sold for AED 3,000,000 in 2014

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12 Nov 2014SoldReady
AED 3,000,000AED 2,481 per sqft
12 Jan 2014RentedNew contract
AED 145,000/yr12 months · AED 120 per sqft
15 Nov 2013RentedNew contract
AED 140,000/yr12 months · AED 116 per sqft
23 Sep 2013SoldReady
AED 3,500,000AED 2,894 per sqft
10 Sep 2013SoldReady
AED 2,351,888AED 1,945 per sqft
23 Jul 2013Sold by developerOff-plan
AED 2,351,888AED 1,945 per sqft

Source: Dubai Land Department. Updated 12 November 2014.

Key facts

Type
2-bed apartment
Size
1,209 sqft
Floor
5th of 27
Parking
B1-14
Developer
Emaar
Completed
2012
Service charge
AED 26,900 /yr
Last sold
AED 3M · November 2014

About 510, Standpoint Towers 1

510 is a two-bedroom apartment of 1,209 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 12 November 2014 for AED 3,000,000, or AED 2,481 per sqft, in line with the AED 2,475 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 12 January 2014, is AED 145,000 a year: a gross yield of 4.8% on the 2014 price, before the service charge of about AED 26,900 a year.

Sales and rents for 510 over time

Sales
Unit 510, 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, July 2013: AED 2,351,888 (AED 1,945 per sqft)Sold, September 2013: AED 3,500,000 (AED 2,894 per sqft)Sold, September 2013: AED 2,351,888 (AED 1,945 per sqft)Sold, November 2014: AED 3,000,000 (AED 2,481 per sqft)

510 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 510, 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, November 2013: AED 140,000 a yearNew contract, January 2014: AED 145,000 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 510 sits

All 100 2-beds →

510 last sold in November 2014 at AED 2,481 per sqft, in line with what two-beds in Standpoint Towers 1 were fetching at the time (AED 2,475). 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. 510's AED 145,000 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 5th floor

All 344 units in Standpoint Towers 1
Value
5011-bedAED 1.68M · Oct 2024
5031-bedAED 1.67M · Sep 2013
5042-bedAED 2.56M · Sep 2013
5051-bedAED 1.66M · Sep 2013
5061-bedAED 1.7M · Jul 2015
5071-bedAED 1.7M · Dec 2023
5081-bedAED 1.5M · Sep 2023
1–7 of 11

510, Standpoint Towers 1 in numbers

  • Sold 4 times: first on 23 July 2013 for AED 2,351,888, last on 12 November 2014 for AED 3,000,000 (AED 2,481 per sqft).
  • Rented since November 2013 on 2 Ejari contracts, from AED 140,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2014 price is 4.8%, before a service charge of about AED 26,900 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 12 November 2014.

Questions about 510, Standpoint Towers 1

What did unit 510 last sell for?

AED 3,000,000 on 12 November 2014: AED 2,481 per sqft for 1,209 sqft. The unit has 4 registered sales; the first was AED 2,351,888 in July 2013.

What is the rent for unit 510?

AED 145,000 a year on the contract signed on 12 January 2014. The previous contract, from November 2013, was AED 140,000.

How big is unit 510?

1,209 sqft (112.3 sqm): a two-bedroom apartment on the 5th floor of a 27-storey tower completed in 2012.

What is unit 510 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 510, Standpoint Towers 1

Starts from the last sale price (AED 3M, 12 November 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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