Unit 408, Shamal Waves: what it sold for and what it is worth now

Unit 408 at Shamal Waves is a 1 bed of 1,276 sq ft. It last sold for AED 837,000 on 22 Sep 2022. At AED 872 per sq ft, from 3 sales of units ending 08 (same position in the tower), it is worth about AED 1,112,000 today.

Value todayAED 1,112,000AED 1,096,000 to AED 1,191,000
Last saleAED 837,00022 Sep 2022 · Resale
Change since last sale+32.9%Building trend alone: AED 1,056,657
Rent (median asking, 1 bed)AED 75,000Gross yield 6.7%
Bedrooms1 bed
Size1,276 sq ft
Floor4 (from the unit number)
Position in the towerStack 08: units ending 08 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 408

DatePriceSizeAED/sq ftType
22 Sep 2022AED 837,0001,276 sq ft656Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
30823 Jul 2026AED 605,000608 sq ft995Resale
30816 Mar 2026AED 530,000608 sq ft872Resale
20819 Jan 2026AED 514,500608 sq ft846Resale
10822 Jun 2022AED 422,300608 sq ft695Resale
20826 Feb 2020AED 434,171608 sq ft714Resale
30813 Feb 2020AED 434,478608 sq ft715Resale

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
40314 Jun 2020AED 1,167,3721,607 sq ft726Resale
40114 Jun 2020AED 1,126,1871,560 sq ft722Resale
40414 Jun 2020AED 1,021,7041,398 sq ft731Resale

How we worked out the value

We took the 3 resale sales of units ending 08 in the last 24 months, 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 (1,276 sq ft). The range uses the middle half of those sales (AED 859 to AED 933 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,056,657. 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 408 at Shamal Waves worth?

About AED 1,112,000 (range AED 1,096,000 to AED 1,191,000), based on AED 872 per sq ft from registered sales up to 3 Sep 2026.

When did unit 408 last sell?

22 Sep 2022, for AED 837,000 (resale). It has 1 registered sale.

What rent can unit 408 make?

A 1 bed in Shamal Waves rents for about AED 75,000 a year (median asking rent). That is a gross yield of 6.7% on the estimate.

Sales alert for Shamal WavesAll sales in Shamal Waves

Unit 407 · Unit 409