318, Shamal Waves
Sold prices and rental history: sold twice, last in March 2025, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 318, Shamal Waves
What is 318 worth today?
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Source: Dubai Land Department. Updated 3 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- 3rd of 4
- Parking
- B1-318
- Developer
- Lootah Real Estate Development
- Completed
- 2018
- Service charge
- AED 7,500 /yr
- Last sold
- AED 500K · March 2025
- Building
- Shamal Waves
About 318, Shamal Waves
318 is a studio of 521 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 20 March 2025 for AED 500,000, or AED 959 per sqft, in line with the AED 959 studios in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 3 September 2026, is AED 60,000 a year: a gross yield of 12.0% on the 2025 price, before the service charge of about AED 7,500 a year.
Sales and rents for 318 over time
318 has sold twice; 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 318 sits
All 51 studios →318 last sold in March 2025 at AED 959 per sqft, in line with what studios in Shamal Waves were fetching at the time (AED 959). 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. 318's AED 60,000 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 3rd floor
All 68 units in Shamal Waves| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | Studio | 633 sqft | AED 544KAED 543,500 · Jan 2026January 2026 | 39,900 /yr | |
| 302 | Studio | 737 sqft | AED 750KAED 750,000 · Dec 2025December 2025 | 37,570 /yr | |
| 303 | Studio | 585 sqft | AED 640KAED 640,000 · Apr 2025April 2025 | 29,900 /yr | |
| 304 | Studio | 567 sqft | AED 560KAED 560,000 · Mar 2025March 2025 | 50,000 /yr | |
| 305 | Studio | 629 sqft | AED 550KAED 550,000 · May 2025May 2025 | 55,000 /yr | |
| 306 | Studio | 630 sqft | AED 550KAED 550,000 · Apr 2025April 2025 | 32,000 /yr | |
| 307 | Studio | 645 sqft | AED 575KAED 575,000 · May 2019May 2019 | ||
| 308 | Studio | 608 sqft | AED 605KAED 605,000 · Jul 2026July 2026 | 51,000 /yr | |
| 309 | 2-bed | 998 sqft | AED 21KAED 20,959 · Dec 2019December 2019 | 78,750 /yr | |
| 310 | Studio | 574 sqft | AED 450KAED 450,000 · Oct 2020October 2020 | 35,420 /yr | |
| 311 | Studio | 476 sqft | AED 490KAED 490,000 · Mar 2018March 2018 | 45,000 /yr | |
| 312 | Studio | 497 sqft | AED 480KAED 480,000 · Aug 2018August 2018 | 37,000 /yr | |
| 313 | Studio | 525 sqft | AED 495KAED 495,000 · Aug 2018August 2018 | 50,000 /yr | |
| 314 | Studio | 527 sqft | AED 455KAED 455,000 · Sep 2023September 2023 | 60,000 /yr | |
| 315 | Studio | 522 sqft | AED 500KAED 500,000 · Dec 2018December 2018 | 40,950 /yr | |
| 316 | Studio | 491 sqft | AED 490KAED 490,000 · Jun 2018June 2018 | ||
| 317 | Studio | 523 sqft | AED 550KAED 550,000 · Dec 2025December 2025 | 52,000 /yr | |
| 319 | 1-bed | 894 sqft | AED 843KAED 842,794 · Nov 2017November 2017 | 64,000 /yr |
318, Shamal Waves in numbers
- Sold twice: first on 12 September 2018 for AED 490,000, last on 20 March 2025 for AED 500,000 (AED 959 per sqft).
- Rented since April 2019 on 3 Ejari contracts, from AED 40,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2025 price is 12.0%, before a service charge of about AED 7,500 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 3 September 2026.
Questions about 318, Shamal Waves
What did unit 318 last sell for?
AED 500,000 on 20 March 2025: AED 959 per sqft for 521 sqft. The unit has 2 registered sales; the first was AED 490,000 in September 2018.
What is the rent for unit 318?
AED 60,000 a year on the contract signed on 3 September 2026. The previous contract, from November 2025, was AED 55,000; the unit has been rented since April 2019.
How big is unit 318?
521 sqft (48.4 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2018.
What is unit 318 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 318, Shamal Waves
Starts from the last sale price (AED 500K, 20 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →