Unit 406, Shamal Waves: what it sold for and what it is worth now

Unit 406 at Shamal Waves is a 1 bed of 1,419 sq ft. It last sold for AED 996,658 on 11 Jun 2020. At AED 834 per sq ft, from 4 sales in the building in the last 24 months (1 bed), it is worth about AED 1,183,000 today.

Value todayAED 1,183,000AED 1,102,000 to AED 1,250,000
Last saleAED 996,65811 Jun 2020 · Resale
Change since last sale+18.7%Building trend alone: AED 1,265,118
Rent (median asking, 1 bed)AED 75,000Gross yield 6.3%
Bedrooms1 bed
Size1,419 sq ft
Floor4 (from the unit number)
Position in the towerStack 06: units ending 06 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 406

DatePriceSizeAED/sq ftType
11 Jun 2020AED 996,6581,419 sq ft702Resale

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10619 Jan 2026AED 524,240630 sq ft832Resale
3067 Apr 2025AED 550,000630 sq ft873Resale
10627 Feb 2020AED 449,846630 sq ft714Resale
30627 Feb 2020AED 449,846630 sq ft714Resale

Latest 1 bed sales in Shamal Waves

UnitDatePriceSizeAED/sq ftType
40927 Aug 2025AED 1,100,0001,283 sq ft857Resale
40314 Feb 2025AED 1,087,0001,607 sq ft676Resale
40728 Jan 2025AED 1,050,0001,296 sq ft810Resale
21927 Sep 2024AED 850,000894 sq ft951Resale
40930 Aug 2023AED 1,100,0001,283 sq ft857Resale
40822 Sep 2022AED 837,0001,276 sq ft656Resale
40314 Jun 2020AED 1,167,3721,607 sq ft726Resale
40114 Jun 2020AED 1,126,1871,560 sq ft722Resale

How we worked out the value

We took the 4 sales in Shamal Waves in the last 24 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 834). We multiplied it by the size of this unit (1,419 sq ft). The range uses the middle half of those sales (AED 777 to AED 881 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,265,118. 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 406 at Shamal Waves worth?

About AED 1,183,000 (range AED 1,102,000 to AED 1,250,000), based on AED 834 per sq ft from registered sales up to 3 Sep 2026.

When did unit 406 last sell?

11 Jun 2020, for AED 996,658 (resale). It has 1 registered sale.

What rent can unit 406 make?

A 1 bed in Shamal Waves rents for about AED 75,000 a year (median asking rent). That is a gross yield of 6.3% on the estimate.

Sales alert for Shamal WavesAll sales in Shamal Waves

Unit 404 · Unit 407