2-bed · 1,316 sqftStandpoint Towers 2, Downtown Dubai · 12th floor · completed 2012

1203, Standpoint Towers 2

Sold prices and rental history: sold 4 times, last in January 2015, and rented once, from September 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 15 January 2015
Last soldAED 4M15 January 2015
Current rentAED 195K /yr7 September 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1203, Standpoint Towers 2

What is 1203 worth today?

Last sold for AED 4,000,000 in 2015

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15 Jan 2015SoldReady
AED 4,000,000AED 3,039 per sqft
3 Oct 2013SoldReady
AED 2,344,888AED 1,781 per sqft
7 Sep 2013RentedNew contract
AED 195,000/yr12 months · AED 148 per sqft
3 Apr 2013SoldOff-plan
AED 3,450,000AED 2,621 per sqft
1 Apr 2013Sold by developerOff-plan
AED 2,344,888AED 1,781 per sqft

Source: Dubai Land Department. Updated 15 January 2015.

Key facts

Type
2-bed apartment
Size
1,316 sqft
Floor
12th of 19
Parking
B1-115
Developer
Emaar
Completed
2012
Service charge
AED 29,300 /yr
Last sold
AED 4M · January 2015

About 1203, Standpoint Towers 2

1203 is a two-bedroom apartment of 1,316 sqft on the 12th floor of Standpoint Towers 2, a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 15 January 2015 for AED 4,000,000, or AED 3,039 per sqft, 22% above the AED 2,500 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 7 September 2013. The current contract, signed on 7 September 2013, is AED 195,000 a year: a gross yield of 4.9% on the 2015 price, before the service charge of about AED 29,300 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical two-bed in Standpoint Towers 2
2M4M2010201520202025Typical 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, April 2013: AED 3,450,000 (AED 2,621 per sqft)Sold by developer, April 2013: AED 2,344,888 (AED 1,781 per sqft)Sold, October 2013: AED 2,344,888 (AED 1,781 per sqft)Sold, January 2015: AED 4,000,000 (AED 3,039 per sqft)

1203 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1203, each contractTypical two-bed in Standpoint Towers 2
100K150K200K2013201720212025Typical 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, September 2013: AED 195,000 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 1203 sits

All 59 2-beds →

1203 last sold in January 2015 at AED 3,039 per sqft, 22% above what two-beds in Standpoint Towers 2 were fetching at the time (AED 2,500). 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. 1203's AED 195,000 is in the upper 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 12th floor

All 190 units in Standpoint Towers 2
Value
12011-bedAED 2.04M · Jul 2014
12021-bedAED 2.2M · Oct 2013
12041-bedAED 1.8M · Nov 2025
12052-bedAED 2.38M · Nov 2024
12061-bedAED 1.66M · Oct 2013
12071-bedAED 2.29M · Jun 2014
1208StudioAED 1.2M · Apr 2024
1–7 of 9

1203, Standpoint Towers 2 in numbers

  • Sold 4 times: first on 1 April 2013 for AED 2,344,888, last on 15 January 2015 for AED 4,000,000 (AED 3,039 per sqft).
  • Rented since September 2013 on one Ejari contract, at AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2015 price is 4.9%, before a service charge of about AED 29,300 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 15 January 2015.

Questions about 1203, Standpoint Towers 2

What did unit 1203 last sell for?

AED 4,000,000 on 15 January 2015: AED 3,039 per sqft for 1,316 sqft. The unit has 4 registered sales; the first was AED 2,344,888 in April 2013.

What is the rent for unit 1203?

AED 195,000 a year on the contract signed on 7 September 2013.

How big is unit 1203?

1,316 sqft (122.3 sqm): a two-bedroom apartment on the 12th floor of a 19-storey tower completed in 2012.

What is unit 1203 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 1203, Standpoint Towers 2

Starts from the last sale price (AED 4M, 15 January 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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