Unit 1, Shamal Terraces 3: what it sold for and what it is worth now

Unit 1 at Shamal Terraces 3 is a 4 bed of 4,116 sq ft. It last sold for AED 2,375,280 on 31 Mar 2021. At AED 1,133 per sq ft, from 2 sales in the building in the last 24 months, it is worth about AED 4,665,000 today.

Value todayAED 4,665,000AED 3,813,000 to AED 5,518,000
Last saleAED 2,375,28031 Mar 2021 · Resale
Change since last sale+96.4%Building trend alone: AED 3,220,275
Bedrooms4 bed
Size4,116 sq ft
BuildingShamal Terraces 3 by Lootah Real Estate Development, handed over 2016
Registered sales of this unit1

Every registered sale of unit 1

DatePriceSizeAED/sq ftType
31 Mar 2021AED 2,375,2804,116 sq ft577Resale

Latest 4 bed sales in Shamal Terraces 3

UnitDatePriceSizeAED/sq ftType
104 Aug 2023AED 3,000,0004,172 sq ft719Resale

How we worked out the value

We took the 2 sales in Shamal Terraces 3 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,133). We multiplied it by the size of this unit (4,116 sq ft). The range uses the middle half of those sales (AED 926 to AED 1,341 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 3,220,275. Floor, view, condition and upgrades can move the price either way. Sales data to 28 Apr 2025, from the Dubai Land Department register.

Questions

What is unit 1 at Shamal Terraces 3 worth?

About AED 4,665,000 (range AED 3,813,000 to AED 5,518,000), based on AED 1,133 per sq ft from registered sales up to 28 Apr 2025.

When did unit 1 last sell?

31 Mar 2021, for AED 2,375,280 (resale). It has 1 registered sale.

Sales alert for Shamal Terraces 3All sales in Shamal Terraces 3

Unit 2