Shamal Residences is a residential complex located in Jumeirah Village Circle, District 14, Dubai. Commissioned in 2017, the development consists of two five-storey buildings. It was developed by Lootah Real Estate Development, and the architecture design was implemented by Arif & Bintoak.
There are a total of 259 residential units, including studios, one-bedroom lofts, and two-bedroom duplexes. Studios have spacious living areas, fitted kitchens, and balconies. One-bedroom lofts have two bathrooms, living rooms, kitchens, and balconies. Two-bedroom duplexes have three bathrooms, kitchens, and balconies.
The complex provides a variety of amenities and services, including:
Properties range in size from 506 sq. ft. to 1,820 sq. ft. Studios range in price from AED 350,000 (USD 95,000) to AED 550,000 (USD 150,000). One-bedroom lofts range in price from AED 615,000 (USD 167,000) to AED 720,000 (USD 196,000), and two-bedroom duplexes cost AED 1,700,000 (USD 463,000).
*The price is valid for 2021
The nearest bus stop, Sandoval Lane Apartments, is located within a 10-minute walk of the apartments. Dubai International Airport can be reached within a 25-minute drive, and Al Maktoum International Airport is situated within a 35-minute drive.
Shamal Residences is located near many social, commercial, and leisure facilities, including:
The complex is also situated within a 10- to 15-minute drive of several popular destinations, including:
District 14 is set away from the hustle and bustle of the metropolis. However, residents have easy access to all of the necessary amenities to ensure a comfortable living environment. The community has good transport accessibility and is home to many parks and recreational facilities. Residents can quickly travel to other parts of the emirate via personal vehicles and public transportation.
Properties in the area have a return on investment rate that ranges from 6% to 7%. Annual rental rates range from AED 29,000 (USD 8,000) to AED 68,000 (USD 19,000). If current trends continue, investments can be recouped within 15 to 20 years.
*The price is valid for 2021
Sign up for our weekly newsletter for market updates!