Unit 423, Shamal Residences 2: what it sold for and what it is worth now

Unit 423 at Shamal Residences 2 is a 1 bed of 765 sq ft. It last sold for AED 605,000 on 27 Apr 2022. 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 820,000 today.

Value todayAED 820,000AED 775,000 to AED 825,000
Last saleAED 605,00027 Apr 2022 · Resale
Change since last sale+35.5%Building trend alone: AED 825,917
Rent (median asking, 1 bed)AED 69,999Gross yield 8.5%
Bedrooms1 bed
Size765 sq ft
Floor4 (from the unit number)
Position in the towerStack 23: units ending 23 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 423

DatePriceSizeAED/sq ftType
27 Apr 2022AED 605,000765 sq ft791Resale

Units ending 23 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
22330 Dec 2025AED 570,000517 sq ft1,103Resale

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 (765 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 825,917. 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 423 at Shamal Residences 2 worth?

About AED 820,000 (range AED 775,000 to AED 825,000), based on AED 1,071 per sq ft from registered sales up to 9 Oct 2026.

When did unit 423 last sell?

27 Apr 2022, for AED 605,000 (resale). It has 1 registered sale.

What rent can unit 423 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 422 · Unit 426