PropertyIndex

Shamal Terraces 3

Completed · Q2 2016|10 villas

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Shamal Terraces 3 is a completed villas development by LOOTAH REAL ESTATE DEVELOPMENT L.L.C in Jumeirah Village Circle, Al Barsha South Fourth, comprising 10 registered villas. 12 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,196 per sqft. At AED 1,196 per sqft, Shamal Terraces 3 prices 18% below the Jumeirah Village Circle average of AED 1,452 per sqft on registered sales.

PIX© price · 1.3% YoY
3.31MAED
Typical
1,196AED
PSF
Gross yield
6.2%
PIX© rent ÷ PIX© price
Sale records
12
DLD · all time
Rent contracts
32
Ejari · all time
Shamal Terraces 3

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
2,124 – 4,172 sqft
103.31M1,1961.3%206K6.2%
Residential
3 Bed · Villa
2,124 – 2,178 sqft
7
4 Bed · Villa
2,127 – 4,172 sqft
3
Land
Land
26,875 sqft
Sales — Project-Wide12 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
28 Apr 20253 Bed2,1323,300,0001,548+73.7%StandardStandard Sale
4 Aug 20234 Bed4,1723,000,000719StandardStandard Sale
16 Jun 20214 Bed2,1271,800,000846StandardStandard Sale
Rentals — Project-Wide32 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
20 Dec 20254 Bed2,127220,000103+10.0%Standardnew
23 Sep 20254 Bed4,172270,00065+20.1%Standardnew
20 Nov 20244 Bed2,127200,00094+66.7%Standardnew

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 3

Answered from Dubai Land Department registered transactions.

How much does a property in Shamal Terraces 3 cost?

Property in Shamal Terraces 3 sells at a current PIX© price of AED 1,196 per sqft, or about AED 3,308,756 for a typical unit, based on 12 sales registered with the Dubai Land Department.

Is Shamal Terraces 3 completed?

Yes. Shamal Terraces 3 is recorded as completed in the Dubai Land Department project register (completed q2 2016).

Who is the developer of Shamal Terraces 3?

Shamal Terraces 3 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 3?

Shamal Terraces 3 yields 6.2% gross, calculated from current PIX© rent against current PIX© sale price, across 32 registered Ejari contracts.

How many villas are in Shamal Terraces 3?

Shamal Terraces 3 holds 10 registered villas, per the Dubai Land Department unit register.

Have prices in Shamal Terraces 3 gone up or down?

Price per sqft has risen +1.3% over the last 12 months, to AED 1,196, across 12 registered sales.