Unit 106, Shamal Residences 2: what it sold for and what it is worth now

Unit 106 at Shamal Residences 2 is a studio of 525 sq ft. It last sold for AED 350,000 on 23 Sep 2021. At AED 999 per sq ft, from 10 sales in the building in the last 12 months (studio), it is worth about AED 524,000 today.

Value todayAED 524,000AED 495,000 to AED 572,000
Last saleAED 350,00023 Sep 2021 · Resale
Change since last sale+49.7%Building trend alone: AED 516,739
Rent (median asking, studio)AED 49,990Gross yield 9.5%
Bedroomsstudio
Size525 sq ft
Floor1 (from the unit number)
Position in the towerStack 06: units ending 06 share the same layout and view
BuildingShamal Residences 2 by Lootah Real Estate Development, handed over 2017
Registered sales of this unit1

Every registered sale of unit 106

DatePriceSizeAED/sq ftType
23 Sep 2021AED 350,000525 sq ft667Resale

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20625 Oct 2024AED 540,000525 sq ft1,029Resale
30620 Mar 2023AED 460,000525 sq ft876Resale
3066 Jun 2021AED 325,000525 sq ft619Resale

Latest studio sales in Shamal Residences 2

UnitDatePriceSizeAED/sq ftType
2119 Oct 2026AED 450,000517 sq ft870Resale
3103 Sep 2026AED 480,000517 sq ft928Resale
11324 Jun 2026AED 494,707525 sq ft942Resale
11424 Jun 2026AED 488,869517 sq ft946Resale
23025 Mar 2026AED 670,000571 sq ft1,173Resale
22330 Dec 2025AED 570,000517 sq ft1,103Resale
10522 Dec 2025AED 593,795517 sq ft1,149Resale
11212 Dec 2025AED 550,000525 sq ft1,048Resale

How we worked out the value

We took the 10 sales in Shamal Residences 2 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 999). We multiplied it by the size of this unit (525 sq ft). The range uses the middle half of those sales (AED 943 to AED 1,089 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 516,739. Floor, view, condition and upgrades can move the price either way. Sales data to 9 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 106 at Shamal Residences 2 worth?

About AED 524,000 (range AED 495,000 to AED 572,000), based on AED 999 per sq ft from registered sales up to 9 Oct 2026.

When did unit 106 last sell?

23 Sep 2021, for AED 350,000 (resale). It has 1 registered sale.

What rent can unit 106 make?

A studio in Shamal Residences 2 rents for about AED 49,990 a year (median asking rent). That is a gross yield of 9.5% on the estimate.

Sales alert for Shamal Residences 2All sales in Shamal Residences 2

Unit 105 · Unit 108