Unit 115, Shamal Waves: what it sold for and what it is worth now

Unit 115 at Shamal Waves is a studio of 522 sq ft. It last sold for AED 425,000 on 17 May 2023. At AED 872 per sq ft, from 13 sales in the building in the last 12 months (studio), it is worth about AED 455,000 today.

Value todayAED 455,000AED 442,000 to AED 531,000
Last saleAED 425,00017 May 2023 · Resale
Change since last sale+7.1%Building trend alone: AED 460,834
Rent (median asking, studio)AED 54,999Gross yield 12.1%
Bedroomsstudio
Size522 sq ft
Floor1 (from the unit number)
Position in the towerStack 15: units ending 15 share the same layout and view
BuildingShamal Waves by Lootah Real Estate Development, handed over 2018
Registered sales of this unit1

Every registered sale of unit 115

DatePriceSizeAED/sq ftType
17 May 2023AED 425,000522 sq ft814Resale

Latest studio sales in Shamal Waves

UnitDatePriceSizeAED/sq ftType
2103 Sep 2026AED 670,000574 sq ft1,167Resale
30823 Jul 2026AED 605,000608 sq ft995Resale
30816 Mar 2026AED 530,000608 sq ft872Resale
10120 Feb 2026AED 690,000633 sq ft1,090Resale
10619 Jan 2026AED 524,240630 sq ft832Resale
20119 Jan 2026AED 533,880633 sq ft843Resale
20819 Jan 2026AED 514,500608 sq ft846Resale
30119 Jan 2026AED 543,500633 sq ft859Resale

How we worked out the value

We took the 13 sales in Shamal Waves in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 872). We multiplied it by the size of this unit (522 sq ft). The range uses the middle half of those sales (AED 846 to AED 1,018 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 460,834. Floor, view, condition and upgrades can move the price either way. Sales data to 3 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 115 at Shamal Waves worth?

About AED 455,000 (range AED 442,000 to AED 531,000), based on AED 872 per sq ft from registered sales up to 3 Sep 2026.

When did unit 115 last sell?

17 May 2023, for AED 425,000 (resale). It has 1 registered sale.

What rent can unit 115 make?

A studio in Shamal Waves rents for about AED 54,999 a year (median asking rent). That is a gross yield of 12.1% on the estimate.

Sales alert for Shamal WavesAll sales in Shamal Waves

Unit 111 · Unit 116