Who is the developer of Shamal Terraces 2?

Shamal Terraces 2 is developed by Lootah Real Estate Development.

What are real sale prices in Shamal Terraces 2?

Across 39 registered DLD sales, Shamal Terraces 2 shows a median of AED 2,470,000 at AED 857/sqft. These are recorded transactions, not asking prices.

Where is Shamal Terraces 2 located?

Shamal Terraces 2 is in Jumeirah Village Circle, Dubai. Its exact plot is on the map on this page.

How many homes are in Shamal Terraces 2?

DLD registers 17 units at Shamal Terraces 2.

Is my money safe if I buy in Shamal Terraces 2?

Off-plan payments for Shamal Terraces 2 are protected under Dubai's Law 8 of 2007: held in the project's DLD-regulated escrow account (no. 001-582-4261946-01) and released to the developer against construction milestones.

Where should payments for Shamal Terraces 2 go?

Only into the project's registered escrow account (no. 001-582-4261946-01), held at Dubai Islamic Bank. A developer or agent asking you to pay anywhere else is a serious red flag.

ReadyHanded over

Shamal Terraces 2

by Lootah Real Estate Development Jumeirah Village Circle

Freehold residential townhouses development located in Jumeirah Village 1st. The building is designed to be G+2 and will consist of 17 townhouse units. The building is designed to be built out of concrete structure and block with internal and external finishes.

Key information

Developer

Lootah Real Estate Development

View developer

Handover: Q1 2012
Status: Handed over
Location: Jumeirah Village Circle, Dubai
Master project: Jumeirah Village Circle
Construction started: 2008
Number of buildings: —
Number of units: 17
Villas: 17
Registered with DLD: 08 Nov 2008
Escrow bank: Dubai Islamic Bank
Escrow account no.: 001-582-4261946-01
DLD transfer fee: 4%

Source: official Dubai Land Department project data.

Project timeline

Construction started
2008
Handed over
Q1 2012

Amenities

Physical features recorded on the Dubai Land Department buildings register.

Covered Parking

3 Floors

Sales and prices

Recorded sales from the Dubai Land Department register, not asking prices.

Recorded sales

Median price

AED 2.5M

Median price / sqft

AED 857+129%

Off-plan share

21%

Priced 25% below than the Al Barsha South Fourth median of AED 1K/sqft.

Sold by bedroom

Layout	Sold	Typical size	Avg price	Avg / sqft
3 Bed	39	2,864 sqft	AED 2.4M	AED 884

Price per sqft by year

+129% since 2009

AED/sqft

Recent recorded sales

Date	Type	Size	Price	Price / sqft
07 Sept 2026	Resale	2,333 sqft	AED 3.1M	AED 1K
06 Apr 2026	Resale	3,231 sqft	AED 3.9M	AED 1K
15 Jan 2026	Resale	2,333 sqft	AED 3.8M	AED 2K
09 May 2025	Resale	2,334 sqft	AED 3.0M	AED 1K
10 Jul 2024	Resale	2,333 sqft	AED 2.3M	AED 1K
10 Oct 2023	Resale	3,412 sqft	AED 2.5M	AED 724
11 Aug 2023	Resale	2,336 sqft	AED 2.1M	AED 910
24 Jul 2023	Resale	2,333 sqft	AED 2.2M	AED 954

Unit mix

17 registered units, by layout and size, from the Dubai Land Department.

Layout	Units	Size range
3 B/R	17	-

Payment plan

Payment plans are set by Lootah Real and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.

Request the payment plan

Location

Approximate location in Jumeirah Village Circle, Dubai.

Jumeirah Village Circle

Dubai, United Arab Emirates

Frequently asked questions

Shamal Terraces 2 has already been handed over (Q1 2012), according to Dubai Land Department records.

Shamal Terraces 2

Key information

Project timeline

Amenities