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Studio · 497 sqftShamal Waves, Jumeirah Village Circle (JVC) · 3rd floor · completed 2018

312, Shamal Waves

Sold prices and rental history: sold once, by the developer in August 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 312 · DLD and Ejari recordsUpdated 1 January 2023
Last soldAED 480K30 August 2018
Current rentAED 37K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 312, Shamal Waves

What is 312 worth today?

Last sold for AED 480,000 in 2018

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1 Jan 2023RentedNew contract
AED 37,000/yr12 months · AED 75 per sqft
21 Nov 2021RentedNew contract
AED 36,000/yr12 months · AED 73 per sqft
29 Apr 2019RentedNew contract
AED 38,000/yr12 months · AED 77 per sqft
30 Aug 2018Sold by developerOff-plan
AED 480,000AED 965 per sqft

Source: Dubai Land Department. Updated 1 January 2023.

Key facts

Type
Studio apartment
Size
497 sqft
Floor
3rd of 4
Parking
B1-312
Developer
Lootah Real Estate Development
Completed
2018
Service charge
AED 7,200 /yr
Last sold
AED 480K · August 2018
Building
Shamal Waves

About 312, Shamal Waves

312 is a studio of 497 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. The developer sold it on 30 August 2018 for AED 480,000, or AED 965 per sqft, 3% below the AED 995 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 January 2023, is AED 37,000 a year: a gross yield of 7.7% on the 2018 price, before the service charge of about AED 7,200 a year.

Sales and rents for 312 over time

Sales
Unit 312, 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 by developer, August 2018: AED 480,000 (AED 965 per sqft)

312 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 312, each contractTypical studio in Shamal Waves
30K40K50K20192021202320252027Typical 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, April 2019: AED 38,000 a yearNew contract, November 2021: AED 36,000 a yearNew contract, January 2023: AED 37,000 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 312 sits

All 51 studios →

312 last sold in August 2018 at AED 965 per sqft, 3% below what studios in Shamal Waves were fetching at the time (AED 995). 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. 312's AED 37,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Sep 2026670,000
23 Jul 2026605,000
16 Mar 2026530,000
20 Feb 2026690,000
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

312, Shamal Waves in numbers

  • Sold once: by Lootah Real Estate Development on 30 August 2018 for AED 480,000, or AED 965 per sqft.
  • Rented since April 2019 on 3 Ejari contracts, from AED 38,000 to AED 37,000 a year.
  • At AED 37,000 a year the gross yield on the 2018 price is 7.7%, before a service charge of about AED 7,200 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 1 January 2023.

Questions about 312, Shamal Waves

What did unit 312 last sell for?

AED 480,000 on 30 August 2018, sold by the developer: AED 965 per sqft for 497 sqft. It is the only registered sale of the unit.

What is the rent for unit 312?

AED 37,000 a year on the contract signed on 1 January 2023. The previous contract, from November 2021, was AED 36,000; the unit has been rented since April 2019.

How big is unit 312?

497 sqft (46.2 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2018.

What is unit 312 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 312, Shamal Waves

Starts from the last sale price (AED 480K, 30 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 480,000
Deposit, UAE resident (20%)
AED 96,000
Deposit, non-resident (40%)
AED 192,000
Monthly over 25 years at 3.7%
AED 1,964

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