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Studio · 608 sqftShamal Waves, Jumeirah Village Circle (JVC) · 3rd floor · completed 2018

308, Shamal Waves

Sold prices and rental history: sold 6 times, last in July 2026, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 18 October 2026
Last soldAED 605K23 July 2026
Current rentAED 51K /yr18 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Shamal Waves

What is 308 worth today?

Last sold for AED 605,000 in 2026

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18 Oct 2026RentedNew contract
AED 51,000/yr12 months · AED 84 per sqft
23 Jul 2026SoldReady
AED 605,000AED 994 per sqft
16 Mar 2026SoldReady
AED 530,000AED 871 per sqft
23 Dec 2024RentedNew contract
AED 35,420/yr12 months · AED 58 per sqft
23 Dec 2024RentedNew contract
AED 35,420/yr12 months · AED 58 per sqft
25 Mar 2024SoldReady · flagged as an outlier
AED 2,197AED 3 per sqft
23 Dec 2023RentedRenewal
AED 30,800/yr12 months · AED 50 per sqft
12 Jul 2023SoldReady
AED 48,848AED 803 per sqft

Source: Dubai Land Department. Updated 18 October 2026.

Key facts

Type
Studio apartment
Size
608 sqft
Floor
3rd of 4
Parking
B1-308
Developer
Lootah Real Estate Development
Completed
2018
Service charge
AED 8,800 /yr
Last sold
AED 605K · July 2026
Building
Shamal Waves

About 308, Shamal Waves

308 is a studio of 608 sqft on the 3rd 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 23 July 2026 for AED 605,000, or AED 994 per sqft, 15% above the AED 866 studios in the building were fetching at the time.

It has been rented continuously since 2019 on 9 Ejari contracts. The current contract, signed on 18 October 2026, is AED 51,000 a year: a gross yield of 8.4% on the 2026 price, before the service charge of about AED 8,800 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical studio in Shamal Waves
0250K500K2017202020232026Typical sale price by year: 2017 AED 516,361; 2018 AED 495,000; 2019 AED 520,000; 2020 AED 448,996; 2022 AED 390,000; 2023 AED 50,378; 2024 AED 522,500; 2025 AED 550,000; 2026 AED 533,880Sold, February 2020: AED 434,478 (AED 714 per sqft)Sold, July 2023: AED 48,848 (AED 803 per sqft)Sold, March 2026: AED 530,000 (AED 871 per sqft)Sold, July 2026: AED 605,000 (AED 994 per sqft)

308 has sold 4 times; the dashed line is the studio median of each year in the building.

Rents
Unit 308, each contractTypical studio in Shamal Waves
40K201920222025Typical rent by year: 2019 AED 36,500; 2020 AED 33,000; 2021 AED 28,000; 2022 AED 29,000; 2023 AED 31,900; 2024 AED 37,994; 2025 AED 41,140; 2026 AED 48,000New contract, December 2019: AED 34,000 a yearNew contract, December 2019: AED 34,000 a yearNew contract, April 2021: AED 26,000 a yearNew contract, December 2021: AED 28,000 a yearRenewal, December 2022: AED 28,000 a yearRenewal, December 2023: AED 30,800 a yearNew contract, December 2024: AED 35,420 a yearNew contract, December 2024: AED 35,420 a yearNew contract, October 2026: AED 51,000 a year

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 308 sits

All 51 studios →

308 last sold in July 2026 at AED 994 per sqft, 15% above what studios in Shamal Waves were fetching at the time (AED 866). 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. 308's AED 51,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Sep 2026670,000
20 Feb 2026690,000
19 Jan 2026514,500
19 Jan 2026543,500
12 studio sales in the last 12 months

Shamal Waves

Building

68 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%
Shamal Waves, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 3rd floor

All 68 units in Shamal Waves
Value
301StudioAED 544K · Jan 2026
302StudioAED 750K · Dec 2025
303StudioAED 640K · Apr 2025
304StudioAED 560K · Mar 2025
305StudioAED 550K · May 2025
306StudioAED 550K · Apr 2025
307StudioAED 575K · May 2019
1–7 of 18

308, Shamal Waves in numbers

  • Sold 6 times: first on 16 December 2019 for AED 12,778, last on 23 July 2026 for AED 605,000 (AED 994 per sqft).
  • Rented since December 2019 on 9 Ejari contracts. The rent fell from AED 34,000 to AED 26,000 in 2021 and recovered to AED 51,000 by October 2026.
  • At AED 51,000 a year the gross yield on the 2026 price is 8.4%, before a service charge of about AED 8,800 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 18 October 2026.

Questions about 308, Shamal Waves

What did unit 308 last sell for?

AED 605,000 on 23 July 2026: AED 994 per sqft for 608 sqft. The unit has 6 registered sales; the first was AED 12,778 in December 2019.

What is the rent for unit 308?

AED 51,000 a year on the contract signed on 18 October 2026. The previous contract, from December 2024, was AED 35,420; the unit has been rented since December 2019.

How big is unit 308?

608 sqft (56.5 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2018.

What is unit 308 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 308, Shamal Waves

Starts from the last sale price (AED 605K, 23 July 2026). Switch to today's estimate once you have unlocked it.
Price
AED 605,000
Deposit, UAE resident (20%)
AED 121,000
Deposit, non-resident (40%)
AED 242,000
Monthly over 25 years at 3.7%
AED 2,475

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →