Unit 319, Shamal Residences 2: what it sold for and what it is worth now

Unit 319 at Shamal Residences 2 is a studio of 517 sq ft. It last sold for AED 530,000 on 10 Oct 2024. At AED 1,078 per sq ft, from 3 sales of units ending 19 (same position in the tower), it is worth about AED 557,000 today.

Value todayAED 557,000AED 544,000 to AED 576,000
Last saleAED 530,00010 Oct 2024 · Resale
Change since last sale+5.1%Building trend alone: AED 536,516
Rent (median asking, studio)AED 49,990Gross yield 9.0%
Bedroomsstudio
Size517 sq ft
Floor3 (from the unit number)
Position in the towerStack 19: units ending 19 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 319

DatePriceSizeAED/sq ftType
10 Oct 2024AED 530,000517 sq ft1,025Resale

Units ending 19 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21921 May 2025AED 595,000517 sq ft1,151Resale
4194 Dec 2024AED 830,000770 sq ft1,078Resale
21926 Sep 2023AED 350,000517 sq ft677Resale

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 19 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,078). We multiplied it by the size of this unit (517 sq ft). The range uses the middle half of those sales (AED 1,052 to AED 1,114 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 536,516. 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 319 at Shamal Residences 2 worth?

About AED 557,000 (range AED 544,000 to AED 576,000), based on AED 1,078 per sq ft from registered sales up to 9 Oct 2026.

When did unit 319 last sell?

10 Oct 2024, for AED 530,000 (resale). It has 1 registered sale.

What rent can unit 319 make?

A studio in Shamal Residences 2 rents for about AED 49,990 a year (median asking rent). That is a gross yield of 9.0% on the estimate.

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

Unit 318 · Unit 322