Studio · 447 sqftStandpoint Towers 2, Downtown Dubai · 4th floor · completed 2012

406, Standpoint Towers 2

Sold prices and rental history: sold 3 times, last in October 2024, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 30 October 2024
Last soldAED 1.2M30 October 2024
Current rentAED 75K /yr15 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Standpoint Towers 2

What is 406 worth today?

Last sold for AED 1,200,000 in 2024

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30 Oct 2024SoldReady
AED 1,200,000AED 2,685 per sqft
15 Jul 2015RentedNew contract
AED 75,000/yr12 months · AED 166 per sqft
8 Oct 2013RentedNew contract
AED 65,000/yr12 months · AED 144 per sqft
22 Aug 2013SoldReady
AED 848,208AED 1,897 per sqft
10 Mar 2010Sold by developerOff-plan
AED 282,736AED 632 per sqft

Source: Dubai Land Department. Updated 30 October 2024.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
4th of 19
Parking
P3-15
Developer
Emaar
Completed
2012
Service charge
AED 10,000 /yr
Last sold
AED 1.2M · October 2024

About 406, Standpoint Towers 2

406 is a studio of 447 sqft on the 4th floor of Standpoint Towers 2, a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 30 October 2024 for AED 1,200,000, or AED 2,685 per sqft, in line with the AED 2,642 studios in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 15 July 2015, is AED 75,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical studio in Standpoint Towers 2
1M20102014201820222026Typical sale price by year: 2010 AED 1,507,416; 2013 AED 1,010,444; 2014 AED 1,250,000; 2015 AED 1,262,444; 2022 AED 835,000; 2023 AED 995,000; 2024 AED 1,200,000; 2025 AED 1,200,000Sold by developer, March 2010: AED 282,736 (AED 632 per sqft)Sold, August 2013: AED 848,208 (AED 1,897 per sqft)Sold, October 2024: AED 1,200,000 (AED 2,685 per sqft)

406 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 406, each contractTypical studio in Standpoint Towers 2
60K2013201720212025Typical rent by year: 2013 AED 68,000; 2014 AED 74,000; 2015 AED 75,000; 2016 AED 75,000; 2017 AED 70,000; 2018 AED 63,000; 2019 AED 59,000; 2020 AED 48,000; 2021 AED 48,000; 2022 AED 55,000; 2023 AED 68,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 71,500New contract, October 2013: AED 65,000 a yearNew contract, July 2015: AED 75,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Standpoint Towers 2, and where 406 sits

All 35 studios →

406 last sold in October 2024 at AED 2,685 per sqft, in line with what studios in Standpoint Towers 2 were fetching at the time (AED 2,642). 406's AED 75,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
1 May 20251,250,000
22 Apr 20251,200,000
22 Apr 20251,200,000
21 Oct 20241,150,000
0 studio 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 4th floor

All 190 units in Standpoint Towers 2
Value
4011-bedAED 2.2M · Jul 2014
4021-bedAED 1.69M · Sep 2013
4031-bedAED 1.68M · Mar 2014
4042-bedAED 2.5M · May 2023
405StudioAED 1M · Sep 2013
407StudioAED 550K · Nov 2014
408StudioAED 1M · Jul 2017
1–7 of 12

406, Standpoint Towers 2 in numbers

  • Sold 3 times: first on 10 March 2010 for AED 282,736, last on 30 October 2024 for AED 1,200,000 (AED 2,685 per sqft).
  • Rented since October 2013 on 2 Ejari contracts, from AED 65,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 10,000 a year (AED 22.27 per sqft).

Source: Dubai Land Department. Updated 30 October 2024.

Questions about 406, Standpoint Towers 2

What did unit 406 last sell for?

AED 1,200,000 on 30 October 2024: AED 2,685 per sqft for 447 sqft. The unit has 3 registered sales; the first was AED 282,736 in March 2010.

What is the rent for unit 406?

AED 75,000 a year on the contract signed on 15 July 2015. The previous contract, from October 2013, was AED 65,000.

How big is unit 406?

447 sqft (41.5 sqm): a studio on the 4th floor of a 19-storey tower completed in 2012.

What is unit 406 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 406, Standpoint Towers 2

Starts from the last sale price (AED 1.2M, 30 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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