2-bed · 1,031 sqftStandpoint Towers 2, Downtown Dubai · 15th floor · completed 2012

1505, Standpoint Towers 2

Sold prices and rental history: sold twice, last in March 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 15 February 2024
Last soldAED 2.72M13 March 2014
Current rentAED 135K /yr15 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1505, Standpoint Towers 2

What is 1505 worth today?

Last sold for AED 2,720,000 in 2014

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15 Feb 2024RentedNew contract
AED 135,000/yr12 months · AED 131 per sqft
5 Oct 2023RentedNew contract
AED 135,000/yr12 months · AED 131 per sqft
15 Apr 2019RentedNew contract
AED 100,000/yr12 months · AED 97 per sqft
6 Apr 2018RentedNew contract
AED 120,000/yr12 months · AED 116 per sqft
27 Aug 2015RentedNew contract
AED 145,000/yr12 months · AED 140 per sqft
13 Mar 2014SoldReady
AED 2,720,000AED 2,638 per sqft
9 Feb 2014Sold by developerReady
AED 2,370,888AED 2,299 per sqft

Source: Dubai Land Department. Updated 15 February 2024.

Key facts

Type
2-bed apartment
Size
1,031 sqft
Floor
15th of 19
Parking
B2-94
Developer
Emaar
Completed
2012
Service charge
AED 23,000 /yr
Last sold
AED 2.72M · March 2014

About 1505, Standpoint Towers 2

1505 is a two-bedroom apartment of 1,031 sqft on the 15th floor of Standpoint Towers 2, a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 13 March 2014 for AED 2,720,000, or AED 2,638 per sqft, 25% above the AED 2,110 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 15 February 2024, is AED 135,000 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 23,000 a year.

Sales and rents for 1505 over time

Sales
Unit 1505, 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 2014: AED 2,370,888 (AED 2,299 per sqft)Sold, March 2014: AED 2,720,000 (AED 2,638 per sqft)

1505 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1505, 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, August 2015: AED 145,000 a yearNew contract, April 2018: AED 120,000 a yearNew contract, April 2019: AED 100,000 a yearNew contract, October 2023: AED 135,000 a yearNew contract, February 2024: AED 135,000 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 1505 sits

All 59 2-beds →

1505 last sold in March 2014 at AED 2,638 per sqft, 25% above what two-beds in Standpoint Towers 2 were fetching at the time (AED 2,110). 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. 1505's AED 135,000 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 15th floor

All 190 units in Standpoint Towers 2
Value
15011-bedAED 1.98M · Aug 2014
15021-bedAED 1.95M · Jun 2026
15032-bedAED 2.52M · Aug 2013
15041-bedAED 1.75M · Jan 2014
15061-bedAED 1.35M · Sep 2013
15071-bedAED 1.64M · Mar 2014
1508StudioAED 875K · Apr 2014
1–7 of 9

1505, Standpoint Towers 2 in numbers

  • Sold twice: first on 9 February 2014 for AED 2,370,888, last on 13 March 2014 for AED 2,720,000 (AED 2,638 per sqft).
  • Rented since August 2015 on 5 Ejari contracts. The rent fell from AED 145,000 to AED 100,000 in 2019 and recovered to AED 135,000 by February 2024.
  • At AED 135,000 a year the gross yield on the 2014 price is 5.0%, before a service charge of about AED 23,000 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 February 2024.

Questions about 1505, Standpoint Towers 2

What did unit 1505 last sell for?

AED 2,720,000 on 13 March 2014: AED 2,638 per sqft for 1,031 sqft. The unit has 2 registered sales; the first was AED 2,370,888 in February 2014.

What is the rent for unit 1505?

AED 135,000 a year on the contract signed on 15 February 2024. The previous contract, from October 2023, was AED 135,000; the unit has been rented since August 2015.

How big is unit 1505?

1,031 sqft (95.8 sqm): a two-bedroom apartment on the 15th floor of a 19-storey tower completed in 2012.

What is unit 1505 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 1505, Standpoint Towers 2

Starts from the last sale price (AED 2.72M, 13 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,720,000
Deposit, UAE resident (20%)
AED 544,000
Deposit, non-resident (40%)
AED 1,088,000
Monthly over 25 years at 3.7%
AED 11,128

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