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1-bed · 696 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

201, Luma21

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

Unit 201 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 778K2 November 2022
Current rentAED 80K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 201, Luma21

What is 201 worth today?

Last sold for AED 777,805 in 2022

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1 Jul 2024RentedNew contract
AED 80,000/yr12 months · AED 115 per sqft
7 Apr 2023RentedNew contract
AED 80,000/yr12 months · AED 115 per sqft
2 Nov 2022Sold by developerOff-plan
AED 777,805AED 1,117 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
1-bed apartment
Size
696 sqft
Floor
2nd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 778K · November 2022
Building
Luma21

About 201, Luma21

201 is a one-bedroom apartment of 696 sqft on the 2nd 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 2 November 2022 for AED 777,805, or AED 1,117 per sqft, 11% above the AED 1,010 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 July 2024, is AED 80,000 a year: a gross yield of 10.3% on the 2022 price.

Sales and rents for 201 over time

Sales
Unit 201, each saleTypical one-bed in Luma21
800K1M20222023202420252026Typical sale price by year: 2022 AED 756,319; 2023 AED 910,000; 2025 AED 1,100,000Sold by developer, November 2022: AED 777,805 (AED 1,117 per sqft)

201 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 201, each contractTypical one-bed in Luma21
76K78K80K2023202420252026Typical rent by year: 2023 AED 79,000; 2024 AED 80,000; 2025 AED 75,750New contract, April 2023: AED 80,000 a yearNew contract, July 2024: AED 80,000 a year

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

1-beds in Luma21, and where 201 sits

All 36 1-beds →

201 last sold in November 2022 at AED 1,117 per sqft, 11% above what one-beds in Luma21 were fetching at the time (AED 1,010). 201's AED 80,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 20251,000,000
17 Jun 20251,100,000
16 Apr 20251,300,000
28 May 2024999,999
0 1-bed 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 2nd floor

All 238 units in Luma21
Value
202StudioAED 447K · Aug 2022
2031-bedAED 621K · May 2022
204StudioAED 452K · Aug 2022
205StudioAED 456K · Aug 2022
2061-bedAED 950K · May 2023
2071-bedAED 960K · Jan 2024
208StudioAED 447K · May 2022
1–7 of 56

201, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 2 November 2022 for AED 777,805, or AED 1,117 per sqft.
  • Rented since April 2023 on 2 Ejari contracts, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2022 price is 10.3%.

Source: Dubai Land Department. Updated 1 July 2024.

Questions about 201, Luma21

What did unit 201 last sell for?

AED 777,805 on 2 November 2022, sold by the developer: AED 1,117 per sqft for 696 sqft. It is the only registered sale of the unit.

What is the rent for unit 201?

AED 80,000 a year on the contract signed on 1 July 2024. The previous contract, from April 2023, was AED 80,000.

How big is unit 201?

696 sqft (64.7 sqm): a one-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 201, Luma21

Starts from the last sale price (AED 778K, 2 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 777,805
Deposit, UAE resident (20%)
AED 155,561
Deposit, non-resident (40%)
AED 311,122
Monthly over 25 years at 3.7%
AED 3,182

Plus AED 37,678 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →