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Studio · 447 sqftLuma21, Jumeirah Village Circle (JVC) · 1st floor · completed 2023

115, Luma21

Sold prices and rental history: sold 3 times, last in December 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 115 · DLD and Ejari recordsUpdated 10 October 2025
Last soldAED 695K19 December 2024
Current rentAED 57K /yr10 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 115, Luma21

What is 115 worth today?

Last sold for AED 695,000 in 2024

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10 Oct 2025RentedNew contract
AED 57,000/yr12 months · AED 127 per sqft
25 Jan 2025RentedNew contract
AED 62,000/yr12 months · AED 139 per sqft
19 Dec 2024SoldReady
AED 695,000AED 1,553 per sqft
19 Jul 2023SoldReady
AED 640,000AED 1,430 per sqft
12 Sep 2022Sold by developerOff-plan
AED 451,602AED 1,009 per sqft

Source: Dubai Land Department. Updated 10 October 2025.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
1st of 4
Parking
G47
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 695K · December 2024
Building
Luma21

About 115, Luma21

115 is a studio of 447 sqft on the 1st floor of Luma21, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Townx Real Estate Development. It last sold on 19 December 2024 for AED 695,000, or AED 1,553 per sqft, 3% above the AED 1,506 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 10 October 2025, is AED 57,000 a year: a gross yield of 8.2% on the 2024 price.

Sales and rents for 115 over time

Sales
Unit 115, each saleTypical studio in Luma21
400K600K800K202220242026Typical sale price by year: 2022 AED 447,230; 2023 AED 550,645; 2024 AED 655,000; 2025 AED 700,000; 2026 AED 747,500Sold by developer, September 2022: AED 451,602 (AED 1,009 per sqft)Sold, July 2023: AED 640,000 (AED 1,430 per sqft)Sold, December 2024: AED 695,000 (AED 1,553 per sqft)

115 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 115, each contractTypical studio in Luma21
50K60K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,000; 2026 AED 60,000New contract, January 2025: AED 62,000 a yearNew contract, October 2025: AED 57,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Luma21, and where 115 sits

All 184 studios →

115 last sold in December 2024 at AED 1,553 per sqft, 3% above what studios in Luma21 were fetching at the time (AED 1,506). Over the last 12 months studios sold for AED 300,000 to 800,000, around AED 1,574 per sqft, and rent for AED 45,000 to 70,000 a year. 115's AED 57,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
11 Feb 2026665,000
7 Jan 2026765,000
7 Jan 2026730,000
5 Jan 2026800,000
5 studio sales in the last 12 months

Luma21

Building

238 apartments, studios to 3-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2023 by Townx Real Estate Development. 6 sold in the last 12 months.

Typical price per sqft
AED 1,505
Typical sale
AED 748K
Typical rent
AED 60K /yr
Typical yield
8.2%
Luma21, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 1st floor

All 238 units in Luma21
Value
1011-bedAED 780K · Oct 2022
102StudioAED 715K · May 2024
1031-bedAED 707K · Aug 2022
104StudioAED 507K · May 2022
105StudioAED 800K · Jan 2026
1061-bedAED 865K · Jul 2022
1071-bedAED 744K · Aug 2022
1–7 of 54

115, Luma21 in numbers

  • Sold 3 times: first on 12 September 2022 for AED 451,602, last on 19 December 2024 for AED 695,000 (AED 1,553 per sqft).
  • Rented since January 2025 on 2 Ejari contracts, from AED 62,000 to AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2024 price is 8.2%.
  • Studios in Luma21 sold for AED 300,000–800,000 in the 12 months to November 2026; the building's median across all types is AED 1,505 per sqft.

Source: Dubai Land Department. Updated 10 October 2025.

Questions about 115, Luma21

What did unit 115 last sell for?

AED 695,000 on 19 December 2024: AED 1,553 per sqft for 447 sqft. The unit has 3 registered sales; the first was AED 451,602 in September 2022.

What is the rent for unit 115?

AED 57,000 a year on the contract signed on 10 October 2025. The previous contract, from January 2025, was AED 62,000.

How big is unit 115?

447 sqft (41.5 sqm): a studio on the 1st floor of a 4-storey tower completed in 2023.

What is unit 115 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Luma21 sold for AED 300,000 to 800,000 in the last 12 months, around AED 1,574 per sqft.

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Mortgage on 115, Luma21

Starts from the last sale price (AED 695K, 19 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 695,000
Deposit, UAE resident (20%)
AED 139,000
Deposit, non-resident (40%)
AED 278,000
Monthly over 25 years at 3.7%
AED 2,843

Plus AED 34,200 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →