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Studio · 491 sqftShamal Waves, Jumeirah Village Circle (JVC) · 1st floor · completed 2018

116, Shamal Waves

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 10 February 2025
Last soldAED 499K6 December 2024
Current rentAED 47K /yr10 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 116, Shamal Waves

What is 116 worth today?

Last sold for AED 499,000 in 2024

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10 Feb 2025RentedNew contract
AED 47,000/yr12 months · AED 95 per sqft
6 Dec 2024SoldReady
AED 499,000AED 1,017 per sqft
1 Mar 2022RentedRenewal
AED 31,000/yr12 months · AED 63 per sqft
1 Mar 2021RentedNew contract
AED 29,000/yr12 months · AED 59 per sqft
5 Jan 2020RentedNew contract
AED 37,000/yr12 months · AED 75 per sqft
12 Dec 2019Sold by developerReady
AED 367,500AED 749 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 February 2025.

Key facts

Type
Studio apartment
Size
491 sqft
Floor
1st of 4
Parking
G-116
Developer
Lootah Real Estate Development
Completed
2018
Service charge
AED 7,100 /yr
Last sold
AED 499K · December 2024
Building
Shamal Waves

About 116, Shamal Waves

116 is a studio of 491 sqft on the 1st 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 6 December 2024 for AED 499,000, or AED 1,017 per sqft, 29% above the AED 791 studios in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 10 February 2025, is AED 47,000 a year: a gross yield of 9.4% on the 2024 price, before the service charge of about AED 7,100 a year.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical studio in Shamal Waves
0250K500K2017202020232026Typical sale price by year: 2017 AED 509,722; 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, December 2019: AED 367,500 (AED 749 per sqft)Sold, December 2024: AED 499,000 (AED 1,017 per sqft)

116 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 116, each contractTypical studio in Shamal Waves
30K40K50K20192021202320252027Typical rent by year: 2019 AED 38,000; 2020 AED 33,000; 2021 AED 28,000; 2022 AED 29,000; 2023 AED 31,900; 2024 AED 37,043; 2025 AED 47,000; 2026 AED 45,000New contract, January 2020: AED 37,000 a yearNew contract, March 2021: AED 29,000 a yearRenewal, March 2022: AED 31,000 a yearNew contract, February 2025: AED 47,000 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 116 sits

All 48 studios →

116 last sold in December 2024 at AED 1,017 per sqft, 29% above what studios in Shamal Waves were fetching at the time (AED 791). Over the last 12 months studios sold for AED 514,500 to 750,000, around AED 852 per sqft, and rent for AED 38,500 to 72,000 a year. 116's AED 47,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
19 Jan 2026514,500
19 Jan 2026533,880
19 Jan 2026533,880
19 Jan 2026524,240
8 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. 8 sold in the last 12 months.

Typical price per sqft
AED 852
Typical sale
AED 539K
Typical rent
AED 55K /yr
Typical yield
10.3%
Shamal Waves, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 1st floor

All 68 units in Shamal Waves
Value
101StudioAED 545K · Dec 2025
102StudioAED 550K · Jun 2024
103StudioAED 370K · Dec 2022
104StudioAED 520K · May 2018
105StudioAED 475K · Jan 2024
106StudioAED 524K · Jan 2026
107StudioAED 534K · Jan 2026
1–7 of 18

116, Shamal Waves in numbers

  • Sold twice: first on 12 December 2019 for AED 367,500, last on 6 December 2024 for AED 499,000 (AED 1,017 per sqft).
  • Rented since January 2020 on 4 Ejari contracts. The rent fell from AED 37,000 to AED 29,000 in 2021 and recovered to AED 47,000 by February 2025.
  • At AED 47,000 a year the gross yield on the 2024 price is 9.4%, before a service charge of about AED 7,100 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 852 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 10 February 2025.

Questions about 116, Shamal Waves

What did unit 116 last sell for?

AED 499,000 on 6 December 2024: AED 1,017 per sqft for 491 sqft. The unit has 2 registered sales; the first was AED 367,500 in December 2019.

What is the rent for unit 116?

AED 47,000 a year on the contract signed on 10 February 2025. The previous contract, from March 2022, was AED 31,000; the unit has been rented since January 2020.

How big is unit 116?

491 sqft (45.6 sqm): a studio on the 1st floor of a 4-storey tower completed in 2018.

What is unit 116 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 852 per sqft.

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Mortgage on 116, Shamal Waves

Starts from the last sale price (AED 499K, 6 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 499,000
Deposit, UAE resident (20%)
AED 99,800
Deposit, non-resident (40%)
AED 199,600
Monthly over 25 years at 3.7%
AED 2,042

Plus AED 23,868 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →