Unit 426, Shamal Residences 2: what it sold for and what it is worth now

Unit 426 at Shamal Residences 2 is a 1 bed of 968 sq ft. It last sold for AED 940,000 on 11 Oct 2023. 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 1,037,000 today.

Value todayAED 1,037,000AED 981,000 to AED 1,043,000
Last saleAED 940,00011 Oct 2023 · Resale
Change since last sale+10.3%Building trend alone: AED 1,109,724
Rent (median asking, 1 bed)AED 69,999Gross yield 6.8%
Bedrooms1 bed
Size968 sq ft
Floor4 (from the unit number)
Position in the towerStack 26: units ending 26 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 426

DatePriceSizeAED/sq ftType
11 Oct 2023AED 940,000968 sq ft971Resale

Units ending 26 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
32624 Apr 2025AED 555,000525 sq ft1,057Resale
12626 Apr 2022AED 420,000525 sq ft800Resale

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 (968 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 1,109,724. 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 426 at Shamal Residences 2 worth?

About AED 1,037,000 (range AED 981,000 to AED 1,043,000), based on AED 1,071 per sq ft from registered sales up to 9 Oct 2026.

When did unit 426 last sell?

11 Oct 2023, for AED 940,000 (resale). It has 1 registered sale.

What rent can unit 426 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 6.8% on the estimate.

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

Unit 423 · Unit 429