2-bed · 1,340 sqftStandpoint Towers 2, Downtown Dubai · 1st floor · completed 2012

111, Standpoint Towers 2

Sold prices and rental history: sold 6 times, last in October 2018, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 13 October 2018
Last soldAED 2.3M13 October 2018
Current rentAED 120K /yr17 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 111, Standpoint Towers 2

What is 111 worth today?

Last sold for AED 2,300,000 in 2018

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13 Oct 2018SoldReady
AED 2,300,000AED 1,716 per sqft
7 Oct 2018SoldReady
AED 1,880,000AED 1,403 per sqft
17 Sep 2018RentedNew contract
AED 120,000/yr12 months · AED 90 per sqft
4 Apr 2016SoldReady
AED 2,550,000AED 1,903 per sqft
7 Apr 2015RentedNew contract
AED 158,235/yr12 months · AED 119 per sqft
28 Apr 2014SoldReady
AED 1,858,947AED 1,387 per sqft
7 Apr 2014RentedNew contract
AED 150,700/yr12 months · AED 113 per sqft
31 Mar 2013SoldOff-plan
AED 1,858,947AED 1,387 per sqft

Source: Dubai Land Department. Updated 13 October 2018.

Key facts

Type
2-bed apartment
Size
1,340 sqft
Floor
1st of 19
Parking
B1-78
Developer
Emaar
Completed
2012
Service charge
AED 29,800 /yr
Last sold
AED 2.3M · October 2018

About 111, Standpoint Towers 2

111 is a two-bedroom apartment of 1,340 sqft on the 1st floor of Standpoint Towers 2, a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 13 October 2018 for AED 2,300,000, or AED 1,716 per sqft, 26% above the AED 1,365 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 17 September 2018, is AED 120,000 a year: a gross yield of 5.2% on the 2018 price, before the service charge of about AED 29,800 a year.

Sales and rents for 111 over time

Sales
Unit 111, each saleTypical two-bed in Standpoint Towers 2
2M3M2010201520202025Typical sale price by year: 2010 AED 3,065,916; 2012 AED 2,327,888; 2013 AED 2,400,000; 2014 AED 2,860,000; 2015 AED 2,750,000; 2016 AED 2,200,000; 2018 AED 1,715,000; 2020 AED 1,405,000; 2021 AED 1,820,000; 2023 AED 2,500,000; 2024 AED 2,350,000; 2025 AED 2,750,000; 2026 AED 2,900,000Sold by developer, February 2013: AED 2,036,888 (AED 1,520 per sqft)Sold, March 2013: AED 1,858,947 (AED 1,387 per sqft)Sold, April 2014: AED 1,858,947 (AED 1,387 per sqft)Sold, April 2016: AED 2,550,000 (AED 1,903 per sqft)Sold, October 2018: AED 2,300,000 (AED 1,716 per sqft)Sold, October 2018: AED 1,880,000 (AED 1,403 per sqft)

111 has sold 6 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 111, each contractTypical two-bed in Standpoint Towers 2
100K150K2013201720212025Typical rent by year: 2013 AED 140,000; 2014 AED 160,000; 2015 AED 157,868; 2016 AED 152,500; 2017 AED 140,000; 2018 AED 120,000; 2019 AED 95,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 120,000; 2023 AED 137,500; 2024 AED 141,004; 2025 AED 150,000; 2026 AED 134,000New contract, April 2014: AED 150,700 a yearNew contract, April 2015: AED 158,235 a yearNew contract, September 2018: AED 120,000 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 2, and where 111 sits

All 59 2-beds →

111 last sold in October 2018 at AED 1,716 per sqft, 26% above what two-beds in Standpoint Towers 2 were fetching at the time (AED 1,365). Over the last 12 months two-beds sold for AED 2,500,000 to 3,400,000, around AED 2,165 per sqft, and rent for AED 90,000 to 205,000 a year. 111's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
23 Oct 20263,400,000
13 Aug 20262,500,000
29 Jul 20262,850,000
2 Jun 20262,950,000
5 2-bed sales in the last 12 months

Standpoint Towers 2

Building

190 apartments, studios to 3-bed over 19 floors in Downtown Dubai, completed in 2012 by Emaar. 10 sold in the last 12 months.

Typical price per sqft
AED 2,325 Up 0.9%
Typical sale
AED 2.23M
Typical rent
AED 105K /yr
Typical yield
5.8%
Standpoint Towers 2, Downtown Dubai: prices, sales and rents →

Other units on the 1st floor

All 190 units in Standpoint Towers 2
Value
1011-bedAED 1.13M · Oct 2022
1021-bedAED 1.68M · Jul 2015
1031-bedAED 1.2M · Oct 2023
1042-bedAED 2.16M · Sep 2013
105StudioAED 835K · Nov 2022
106StudioAED 950K · May 2023
107StudioAED 1M · May 2016
1–7 of 12

111, Standpoint Towers 2 in numbers

  • Sold 6 times: first on 19 February 2013 for AED 2,036,888, last on 13 October 2018 for AED 2,300,000 (AED 1,716 per sqft).
  • Rented since April 2014 on 3 Ejari contracts, from AED 150,700 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2018 price is 5.2%, before a service charge of about AED 29,800 a year (AED 22.27 per sqft).
  • Two-beds in Standpoint Towers 2 sold for AED 2,500,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,325 per sqft.

Source: Dubai Land Department. Updated 13 October 2018.

Questions about 111, Standpoint Towers 2

What did unit 111 last sell for?

AED 2,300,000 on 13 October 2018: AED 1,716 per sqft for 1,340 sqft. The unit has 6 registered sales; the first was AED 2,036,888 in February 2013.

What is the rent for unit 111?

AED 120,000 a year on the contract signed on 17 September 2018. The previous contract, from April 2015, was AED 158,235; the unit has been rented since April 2014.

How big is unit 111?

1,340 sqft (124.5 sqm): a two-bedroom apartment on the 1st floor of a 19-storey tower completed in 2012.

What is unit 111 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 2 sold for AED 2,500,000 to 3,400,000 in the last 12 months, around AED 2,165 per sqft.

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Mortgage on 111, Standpoint Towers 2

Starts from the last sale price (AED 2.3M, 13 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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