2-bed · 1,031 sqftStandpoint Towers 2, Downtown Dubai · 6th floor · completed 2012

605, Standpoint Towers 2

Sold prices and rental history: sold 3 times, last in June 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 10 June 2019
Last soldAED 2.75M28 June 2015
Current rentAED 188K /yr10 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 605, Standpoint Towers 2

What is 605 worth today?

Last sold for AED 2,750,000 in 2015

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10 Jun 2019RentedRenewal
AED 188,000/yr12 months · AED 182 per sqft
10 Jun 2018RentedRenewal
AED 188,000/yr12 months · AED 182 per sqft
10 Jun 2017RentedRenewal
AED 188,000/yr12 months · AED 182 per sqft
10 Jun 2016RentedNew contract
AED 188,000/yr12 months · AED 182 per sqft
28 Jun 2015SoldReady
AED 2,750,000AED 2,667 per sqft
1 Mar 2014RentedNew contract
AED 147,000/yr12 months · AED 142 per sqft
25 Sep 2013SoldReady
AED 1,652,888AED 1,603 per sqft
3 Jan 2013Sold by developerOff-plan
AED 1,652,888AED 1,603 per sqft

Source: Dubai Land Department. Updated 10 June 2019.

Key facts

Type
2-bed apartment
Size
1,031 sqft
Floor
6th of 19
Parking
B2-78
Developer
Emaar
Completed
2012
Service charge
AED 23,000 /yr
Last sold
AED 2.75M · June 2015

About 605, Standpoint Towers 2

605 is a two-bedroom apartment of 1,031 sqft on the 6th floor of Standpoint Towers 2, a 19-storey tower in Downtown Dubai completed in 2012 by Emaar. It last sold on 28 June 2015 for AED 2,750,000, or AED 2,667 per sqft, 4% above the AED 2,569 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 10 June 2019, is AED 188,000 a year: a gross yield of 6.8% on the 2015 price, before the service charge of about AED 23,000 a year.

Sales and rents for 605 over time

Sales
Unit 605, 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, January 2013: AED 1,652,888 (AED 1,603 per sqft)Sold, September 2013: AED 1,652,888 (AED 1,603 per sqft)Sold, June 2015: AED 2,750,000 (AED 2,667 per sqft)

605 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 605, 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, March 2014: AED 147,000 a yearNew contract, June 2016: AED 188,000 a yearRenewal, June 2017: AED 188,000 a yearRenewal, June 2018: AED 188,000 a yearRenewal, June 2019: AED 188,000 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 605 sits

All 59 2-beds →

605 last sold in June 2015 at AED 2,667 per sqft, 4% above what two-beds in Standpoint Towers 2 were fetching at the time (AED 2,569). 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. 605's AED 188,000 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 6th floor

All 190 units in Standpoint Towers 2
Value
6011-bedAED 1.75M · Oct 2013
6021-bedAED 2.15M · Mar 2014
6032-bedAED 3.4M · Oct 2026
6041-bedAED 1.34M · Sep 2013
6061-bedAED 1.49M · Oct 2013
6071-bedAED 1.4M · Sep 2022
608StudioAED 800K · Mar 2022
1–7 of 9

605, Standpoint Towers 2 in numbers

  • Sold 3 times: first on 3 January 2013 for AED 1,652,888, last on 28 June 2015 for AED 2,750,000 (AED 2,667 per sqft).
  • Rented since March 2014 on 5 Ejari contracts, from AED 147,000 to AED 188,000 a year.
  • At AED 188,000 a year the gross yield on the 2015 price is 6.8%, 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 10 June 2019.

Questions about 605, Standpoint Towers 2

What did unit 605 last sell for?

AED 2,750,000 on 28 June 2015: AED 2,667 per sqft for 1,031 sqft. The unit has 3 registered sales; the first was AED 1,652,888 in January 2013.

What is the rent for unit 605?

AED 188,000 a year on the contract renewed on 10 June 2019. The previous contract, from June 2018, was AED 188,000; the unit has been rented since March 2014.

How big is unit 605?

1,031 sqft (95.8 sqm): a two-bedroom apartment on the 6th floor of a 19-storey tower completed in 2012.

What is unit 605 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 605, Standpoint Towers 2

Starts from the last sale price (AED 2.75M, 28 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

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