Residential Tower
Shamal Residences 2
About Shamal Residences 2
Shamal Residences 2 is in District 14, Jumeirah Village Circle, developed by Lootah Real Estate Development.
Completed 2017 - Decent Condition
Amenities
- Good gym
- pool is only okay
- large and spacious rooms
- near an exit
- good value.
Unit Types & Rental Benchmarks
| Type | Size | Asking | Market / Achieved | AED / sqft |
|---|---|---|---|---|
| Studio - Annual Rent (Asking) | 525 sq ft | AED 55,000 | AED 49,200 | AED 93.7/sqft/year |
| 1 Bedroom - Annual Rent (Asking) | To be confirmed | AED 69,990 | AED 76,100 | AED 98.8/sqft/year |
| 1 Bed - Annual Rent (Asking) | 770 sq ft | AED 69,990 | To be confirmed | AED 90.9/sqft/year |
Rental & Sale Market Notes
Rent trend: Current asking vs achieved: Studio AED 55,000 vs AED 49,200 (+11.8%); 1 Bed AED 69,990 vs AED 76,100 (-8.0%). Purchase/rent gross yields: Studio 9.9%; 1 Bed 10.1%.
Current asking sits approximately 1.9% above the market/achieved comparable, based on our research.
Figures above combine advertised asking prices with our own estimates and viewing-based assessments where stated. They are not verified transaction data.Things To Know
Bigger units need more AC. Try to get chiller included. Not the best condition. Rooms can get hot.
Find Shamal Residences 2
Shamal Residences 2, District 14, Jumeirah Village Circle, Dubai, UAE
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