203, Shamal Waves
Sold prices and rental history: sold 6 times, last in August 2025, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 203, Shamal Waves
What is 203 worth today?
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Source: Dubai Land Department. Updated 8 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 585 sqft
- Floor
- 2nd of 4
- Parking
- G-203
- Developer
- Lootah Real Estate Development
- Completed
- 2018
- Service charge
- AED 8,500 /yr
- Last sold
- AED 630K · August 2025
- Building
- Shamal Waves
About 203, Shamal Waves
203 is a studio of 585 sqft on the 2nd floor of Shamal Waves, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2018 by Lootah Real Estate Development. It last sold on 22 August 2025 for AED 630,000, or AED 1,077 per sqft, 11% above the AED 974 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, signed on 8 October 2025, is AED 56,000 a year: a gross yield of 8.9% on the 2025 price, before the service charge of about AED 8,500 a year.
Sales and rents for 203 over time
203 has sold 4 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Shamal Waves, and where 203 sits
All 51 studios →203 last sold in August 2025 at AED 1,077 per sqft, 11% above what studios in Shamal Waves were fetching at the time (AED 974). Over the last 12 months studios sold for AED 514,500 to 750,000, around AED 866 per sqft, and rent for AED 35,420 to 72,000 a year. 203's AED 56,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Sep 20263 September 2026 | 574 sqft | 670,000 | 1,166 | ||
| 23 Jul 202623 July 2026 | 608 sqft | 605,000 | 994 | ||
| 16 Mar 202616 March 2026 | 608 sqft | 530,000 | 871 | ||
| 20 Feb 202620 February 2026 | 633 sqft | 690,000 | 1,089 |
Shamal Waves
Building68 apartments, studios to 2-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2018 by Lootah Real Estate Development. 12 sold in the last 12 months.
- Typical price per sqft
- AED 866 Down 1.0%
- Typical sale
- AED 544K
- Typical rent
- AED 53K /yr
- Typical yield
- 9.7%
Other units on the 2nd floor
All 68 units in Shamal Waves| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | Studio | 633 sqft | AED 534KAED 533,880 · Jan 2026January 2026 | 45,000 /yr | |
| 202 | Studio | 737 sqft | AED 552KAED 552,000 · Mar 2024March 2024 | 29,000 /yr | |
| 204 | Studio | 567 sqft | AED 562KAED 562,000 · Jun 2025June 2025 | 53,000 /yr | |
| 205 | Studio | 629 sqft | AED 520KAED 520,000 · Feb 2024February 2024 | 37,000 /yr | |
| 206 | Studio | 630 sqft | AED 555KAED 555,000 · May 2019May 2019 | ||
| 207 | Studio | 645 sqft | AED 550KAED 550,000 · May 2025May 2025 | 39,900 /yr | |
| 208 | Studio | 608 sqft | AED 515KAED 514,500 · Jan 2026January 2026 | 44,000 /yr | |
| 209 | 2-bed | 998 sqft | AED 1.1MAED 1,100,000 · Sep 2025September 2025 | 73,500 /yr | |
| 210 | Studio | 574 sqft | AED 670KAED 670,000 · Sep 2026September 2026 | 43,000 /yr | |
| 211 | Studio | 476 sqft | AED 450KAED 450,000 · Sep 2023September 2023 | 27,000 /yr | |
| 212 | Studio | 497 sqft | AED 550KAED 550,000 · Mar 2025March 2025 | 34,000 /yr | |
| 213 | Studio | 525 sqft | AED 465KAED 465,000 · Nov 2018November 2018 | 55,000 /yr | |
| 214 | Studio | 527 sqft | AED 545KAED 545,000 · Jul 2018July 2018 | ||
| 215 | Studio | 522 sqft | AED 545KAED 545,000 · Oct 2017October 2017 | 48,000 /yr | |
| 216 | Studio | 491 sqft | AED 555KAED 555,000 · Nov 2024November 2024 | 55,000 /yr | |
| 217 | Studio | 523 sqft | AED 350KAED 350,000 · Mar 2024March 2024 | 45,000 /yr | |
| 218 | Studio | 521 sqft | AED 405KAED 405,000 · Oct 2022October 2022 | 30,000 /yr | |
| 219 | 1-bed | 894 sqft | AED 850KAED 850,000 · Sep 2024September 2024 | 72,000 /yr |
203, Shamal Waves in numbers
- Sold 6 times: first on 15 December 2019 for AED 12,283, last on 22 August 2025 for AED 630,000 (AED 1,077 per sqft).
- Rented since March 2021 on 5 Ejari contracts, from AED 26,000 to AED 56,000 a year.
- At AED 56,000 a year the gross yield on the 2025 price is 8.9%, before a service charge of about AED 8,500 a year (AED 14.48 per sqft).
- Studios in Shamal Waves sold for AED 514,500–750,000 in the 12 months to November 2026; the building's median across all types is AED 866 per sqft.
Source: Dubai Land Department. Updated 8 October 2025.
Questions about 203, Shamal Waves
What did unit 203 last sell for?
AED 630,000 on 22 August 2025: AED 1,077 per sqft for 585 sqft. The unit has 6 registered sales; the first was AED 12,283 in December 2019.
What is the rent for unit 203?
AED 56,000 a year on the contract signed on 8 October 2025. The previous contract, from November 2024, was AED 38,588; the unit has been rented since March 2021.
How big is unit 203?
585 sqft (54.3 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2018.
What is unit 203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Shamal Waves sold for AED 514,500 to 750,000 in the last 12 months, around AED 866 per sqft.
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Mortgage on 203, Shamal Waves
Starts from the last sale price (AED 630K, 22 August 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 630,000
- Deposit, UAE resident (20%)
- AED 126,000
- Deposit, non-resident (40%)
- AED 252,000
- Monthly over 25 years at 3.7%
- AED 2,578
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →