Unit 305, Shamal Residences 2: what it sold for and what it is worth now

Unit 305 at Shamal Residences 2 is a studio of 517 sq ft. It last sold for AED 700,000 on 30 Aug 2024. At AED 1,122 per sq ft, from 3 sales of units ending 05 (same position in the tower), it is worth about AED 580,000 today.

Value todayAED 580,000AED 540,000 to AED 587,000
Last saleAED 700,00030 Aug 2024 · Resale
Change since last sale-17.1%Building trend alone: AED 710,688
Rent (median asking, studio)AED 49,990Gross yield 8.6%
Bedroomsstudio
Size517 sq ft
Floor3 (from the unit number)
Position in the towerStack 05: units ending 05 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 305

DatePriceSizeAED/sq ftType
30 Aug 2024AED 700,000517 sq ft1,354Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10522 Dec 2025AED 593,795517 sq ft1,149Resale
20514 Jul 2025AED 580,000517 sq ft1,122Resale
2057 Jan 2025AED 499,000517 sq ft965Resale

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 3 resale sales of units ending 05 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,122). We multiplied it by the size of this unit (517 sq ft). The range uses the middle half of those sales (AED 1,044 to AED 1,135 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 710,688. 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 305 at Shamal Residences 2 worth?

About AED 580,000 (range AED 540,000 to AED 587,000), based on AED 1,122 per sq ft from registered sales up to 9 Oct 2026.

When did unit 305 last sell?

30 Aug 2024, for AED 700,000 (resale). It has 1 registered sale.

What rent can unit 305 make?

A studio in Shamal Residences 2 rents for about AED 49,990 a year (median asking rent). That is a gross yield of 8.6% on the estimate.

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

Unit 301 · Unit 306