Unit 1, Shamal Terraces 2: what it sold for and what it is worth now

Unit 1 at Shamal Terraces 2 is a 3 bed of 3,412 sq ft. It last sold for AED 2,470,000 on 10 Oct 2023. At AED 1,372 per sq ft, from 4 sales in the building in the last 12 months (3 bed), it is worth about AED 4,680,000 today.

Value todayAED 4,680,000AED 4,423,000 to AED 5,020,000
Last saleAED 2,470,00010 Oct 2023 · Resale
Change since last sale+89.5%Building trend alone: AED 3,607,928
Rent (median asking, 3 bed)AED 172,500Gross yield 3.7%
Bedrooms3 bed
Size3,412 sq ft
BuildingShamal Terraces 2 by Lootah Real Estate Development, handed over 2016
Registered sales of this unit1

Every registered sale of unit 1

DatePriceSizeAED/sq ftType
10 Oct 2023AED 2,470,0003,412 sq ft724Resale

Latest 3 bed sales in Shamal Terraces 2

UnitDatePriceSizeAED/sq ftType
1024 Sep 2026AED 3,300,0002,333 sq ft1,414Resale
94 Sep 2026AED 3,100,0002,333 sq ft1,329Resale
173 Apr 2026AED 3,875,0003,231 sq ft1,199Resale
1014 Jan 2026AED 3,830,0002,333 sq ft1,642Resale
59 May 2025AED 3,000,0002,334 sq ft1,285Resale
710 Jul 2024AED 2,342,7332,333 sq ft1,004Resale
1511 Aug 2023AED 2,125,0002,336 sq ft910Resale
1224 Jul 2023AED 2,225,0002,333 sq ft954Resale

How we worked out the value

We took the 4 sales in Shamal Terraces 2 in the last 12 months (3 bed), worked out the price per sq ft of each, and used the middle value (AED 1,372). We multiplied it by the size of this unit (3,412 sq ft). The range uses the middle half of those sales (AED 1,296 to AED 1,471 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 3,607,928. Floor, view, condition and upgrades can move the price either way. Sales data to 24 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 1 at Shamal Terraces 2 worth?

About AED 4,680,000 (range AED 4,423,000 to AED 5,020,000), based on AED 1,372 per sq ft from registered sales up to 24 Sep 2026.

When did unit 1 last sell?

10 Oct 2023, for AED 2,470,000 (resale). It has 1 registered sale.

What rent can unit 1 make?

A 3 bed in Shamal Terraces 2 rents for about AED 172,500 a year (median asking rent). That is a gross yield of 3.7% on the estimate.

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

Unit 2