Unit 416, Shamal Residences 2: what it sold for and what it is worth now

Unit 416 at Shamal Residences 2 is a 1 bed of 771 sq ft. It last sold for AED 750,000 on 7 Mar 2024. At AED 1,071 per sq ft, from 5 sales in the building in the last 24 months (1 bed), it is worth about AED 826,000 today.

Value todayAED 826,000AED 781,000 to AED 831,000
Last saleAED 750,0007 Mar 2024 · Resale
Change since last sale+10.1%Building trend alone: AED 835,801
Rent (median asking, 1 bed)AED 69,999Gross yield 8.5%
Bedrooms1 bed
Size771 sq ft
Floor4 (from the unit number)
Position in the towerStack 16: units ending 16 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 416

DatePriceSizeAED/sq ftType
7 Mar 2024AED 750,000771 sq ft973Resale

Latest 1 bed sales in Shamal Residences 2

UnitDatePriceSizeAED/sq ftType
41010 Apr 2026AED 900,000767 sq ft1,173Resale
42212 Feb 2026AED 825,000770 sq ft1,071Resale
40312 Sep 2025AED 780,000770 sq ft1,013Resale
4194 Dec 2024AED 830,000770 sq ft1,078Resale
40928 Oct 2024AED 710,000771 sq ft921Resale
41821 Aug 2024AED 710,000771 sq ft921Resale
4207 Jun 2024AED 790,000770 sq ft1,026Resale
4222 May 2024AED 820,000770 sq ft1,065Resale

How we worked out the value

We took the 5 sales in Shamal Residences 2 in the last 24 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,071). We multiplied it by the size of this unit (771 sq ft). The range uses the middle half of those sales (AED 1,013 to AED 1,078 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 835,801. 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 416 at Shamal Residences 2 worth?

About AED 826,000 (range AED 781,000 to AED 831,000), based on AED 1,071 per sq ft from registered sales up to 9 Oct 2026.

When did unit 416 last sell?

7 Mar 2024, for AED 750,000 (resale). It has 1 registered sale.

What rent can unit 416 make?

A 1 bed in Shamal Residences 2 rents for about AED 69,999 a year (median asking rent). That is a gross yield of 8.5% on the estimate.

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

Unit 415 · Unit 417