PropertyIndex

Shamal Terraces 2

Completed · Q2 2010|17 villas

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Shamal Terraces 2 is a completed villas development by LOOTAH REAL ESTATE DEVELOPMENT L.L.C in Jumeirah Village Circle, Al Barsha South Fourth, comprising 17 registered villas. 46 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,153 per sqft. At AED 1,153 per sqft, Shamal Terraces 2 prices 21% below the Jumeirah Village Circle average of AED 1,452 per sqft on registered sales.

PIX© price · 4.4% YoY
4.03MAED
Typical
1,153AED
PSF
Gross yield
4.5%
PIX© rent ÷ PIX© price
Sale records
46
DLD · all time
Rent contracts
108
Ejari · all time
Shamal Terraces 2

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
2,333 – 3,412 sqft
174.03M1,1534.4%180K4.5%
Residential
3 Bed · Villa
2,333 – 3,412 sqft
17
Land
Land
42,177 sqft
Sales — Project-Wide46 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitSizePricePSFvs Prior SaleTierType
3 Apr 20263 Bed3,2313,875,0001,199+49.0%StandardStandard Sale
14 Jan 20263 Bed2,3333,830,0001,642+76.1%StandardStandard Sale
9 May 20253 Bed2,3343,000,0001,285+25.0%StandardStandard Sale
Rentals — Project-Wide108 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
1 Aug 20263 Bed2,333200,00086+5.3%Standardnew
25 Jun 20263 Bed2,333180,00077+71.4%Standardnew
1 Jun 20263 Bed2,333175,00075-2.8%Standardrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Jumeirah Village Circle

The closest-priced registered projects in Jumeirah Village Circle.

Common questions about Shamal Terraces 2

Answered from Dubai Land Department registered transactions.

How much does a property in Shamal Terraces 2 cost?

Property in Shamal Terraces 2 sells at a current PIX© price of AED 1,153 per sqft, or about AED 4,029,911 for a typical unit, based on 46 sales registered with the Dubai Land Department.

Is Shamal Terraces 2 completed?

Yes. Shamal Terraces 2 is recorded as completed in the Dubai Land Department project register (completed q2 2010).

Who is the developer of Shamal Terraces 2?

Shamal Terraces 2 is developed by LOOTAH REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Shamal Terraces 2?

Shamal Terraces 2 yields 4.5% gross, calculated from current PIX© rent against current PIX© sale price, across 108 registered Ejari contracts.

How many villas are in Shamal Terraces 2?

Shamal Terraces 2 holds 17 registered villas, per the Dubai Land Department unit register.

Have prices in Shamal Terraces 2 gone up or down?

Price per sqft has fallen -4.4% over the last 12 months, to AED 1,153, across 46 registered sales.