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Studio · 422 sqftLuma21, Jumeirah Village Circle (JVC) · 1st floor · completed 2023

120, Luma21

Sold prices and rental history: sold once, by the developer in August 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 10 May 2025
Last soldAED 424K24 August 2022
Current rentAED 50K /yr10 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 120, Luma21

What is 120 worth today?

Last sold for AED 423,848 in 2022

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10 May 2025RentedNew contract
AED 50,000/yr12 months · AED 118 per sqft
15 Feb 2025RentedRenewal
AED 50,000/yr12 months · AED 118 per sqft
15 Feb 2024RentedRenewal
AED 50,000/yr12 months · AED 118 per sqft
15 Feb 2023RentedNew contract
AED 50,000/yr12 months · AED 118 per sqft
24 Aug 2022Sold by developerOff-plan
AED 423,848AED 1,004 per sqft

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

Key facts

Type
Studio apartment
Size
422 sqft
Floor
1st of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 424K · August 2022
Building
Luma21

About 120, Luma21

120 is a studio of 422 sqft on the 1st floor of Luma21, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Townx Real Estate Development. The developer sold it on 24 August 2022 for AED 423,848, or AED 1,004 per sqft, in line with the AED 1,010 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 10 May 2025, is AED 50,000 a year: a gross yield of 11.8% on the 2022 price.

Sales and rents for 120 over time

Sales
Unit 120, 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, August 2022: AED 423,848 (AED 1,004 per sqft)

120 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 120, 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, February 2023: AED 50,000 a yearRenewal, February 2024: AED 50,000 a yearRenewal, February 2025: AED 50,000 a yearNew contract, May 2025: AED 50,000 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 120 sits

All 184 studios →

120 last sold in August 2022 at AED 1,004 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,010). 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. 120's AED 50,000 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

120, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 24 August 2022 for AED 423,848, or AED 1,004 per sqft.
  • Rented since February 2023 on 4 Ejari contracts, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 11.8%.
  • 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: YallaValue analysis of Dubai Land Department records. Updated 10 May 2025.

Questions about 120, Luma21

What did unit 120 last sell for?

AED 423,848 on 24 August 2022, sold by the developer: AED 1,004 per sqft for 422 sqft. It is the only registered sale of the unit.

What is the rent for unit 120?

AED 50,000 a year on the contract signed on 10 May 2025. The previous contract, from February 2025, was AED 50,000; the unit has been rented since February 2023.

How big is unit 120?

422 sqft (39.2 sqm): a studio on the 1st floor of a 4-storey tower completed in 2023.

What is unit 120 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 120, Luma21

Starts from the last sale price (AED 424K, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 423,848
Deposit, UAE resident (20%)
AED 84,770
Deposit, non-resident (40%)
AED 169,539
Monthly over 25 years at 3.7%
AED 1,734

Plus AED 20,712 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →