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

131, Luma21

Sold prices and rental history: sold 3 times, last in April 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 131 · DLD and Ejari recordsUpdated 15 May 2025
Last soldAED 660K17 April 2024
Current rentAED 53K /yr15 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 131, Luma21

What is 131 worth today?

Last sold for AED 660,000 in 2024

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15 May 2025RentedRenewal
AED 53,000/yr12 months · AED 126 per sqft
15 May 2024RentedNew contract
AED 53,000/yr12 months · AED 126 per sqft
17 Apr 2024SoldReady
AED 660,000AED 1,562 per sqft
9 Sep 2023SoldReady
AED 600,000AED 1,420 per sqft
10 Feb 2023RentedNew contract
AED 46,000/yr12 months · AED 110 per sqft
20 Aug 2022Sold by developerOff-plan
AED 419,524AED 994 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 May 2025.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
1st of 4
Parking
G17
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 660K · April 2024
Building
Luma21

About 131, Luma21

131 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. It last sold on 17 April 2024 for AED 660,000, or AED 1,562 per sqft, 10% above the AED 1,423 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 15 May 2025, is AED 53,000 a year: a gross yield of 8.0% on the 2024 price.

Sales and rents for 131 over time

Sales
Unit 131, 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 419,524 (AED 994 per sqft)Sold, September 2023: AED 600,000 (AED 1,420 per sqft)Sold, April 2024: AED 660,000 (AED 1,562 per sqft)

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

Rents
Unit 131, 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 46,000 a yearNew contract, May 2024: AED 53,000 a yearRenewal, May 2025: AED 53,000 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 131 sits

All 184 studios →

131 last sold in April 2024 at AED 1,562 per sqft, 10% above what studios in Luma21 were fetching at the time (AED 1,423). 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. 131's AED 53,000 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

131, Luma21 in numbers

  • Sold 3 times: first on 20 August 2022 for AED 419,524, last on 17 April 2024 for AED 660,000 (AED 1,562 per sqft).
  • Rented since February 2023 on 3 Ejari contracts, from AED 46,000 to AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2024 price is 8.0%.
  • 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 15 May 2025.

Questions about 131, Luma21

What did unit 131 last sell for?

AED 660,000 on 17 April 2024: AED 1,562 per sqft for 422 sqft. The unit has 3 registered sales; the first was AED 419,524 in August 2022.

What is the rent for unit 131?

AED 53,000 a year on the contract renewed on 15 May 2025. The previous contract, from May 2024, was AED 53,000; the unit has been rented since February 2023.

How big is unit 131?

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

What is unit 131 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 131, Luma21

Starts from the last sale price (AED 660K, 17 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 660,000
Deposit, UAE resident (20%)
AED 132,000
Deposit, non-resident (40%)
AED 264,000
Monthly over 25 years at 3.7%
AED 2,700

Plus AED 32,730 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →