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1-bed · 767 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

207, Luma21

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

Unit 207 · DLD and Ejari recordsUpdated 5 October 2024
Last soldAED 960K26 January 2024
Current rentAED 120K /yr5 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 207, Luma21

What is 207 worth today?

Last sold for AED 960,000 in 2024

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5 Oct 2024RentedNew contract
AED 120,000/yr12 months · AED 156 per sqft
26 Jan 2024SoldReady
AED 960,000AED 1,251 per sqft
1 Mar 2023RentedNew contract
AED 60,173/yr12 months · AED 79 per sqft
16 Jun 2022Sold by developerOff-plan
AED 766,500AED 999 per sqft

Source: Dubai Land Department. Updated 5 October 2024.

Key facts

Type
1-bed apartment
Size
767 sqft
Floor
2nd of 4
Parking
B10
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 960K · January 2024
Building
Luma21

About 207, Luma21

207 is a one-bedroom apartment of 767 sqft on the 2nd floor of Luma21, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Townx Real Estate Development. It last sold on 26 January 2024 for AED 960,000, or AED 1,251 per sqft, in line with the AED 1,251 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 5 October 2024, is AED 120,000 a year: a gross yield of 12.5% on the 2024 price.

Sales and rents for 207 over time

Sales
Unit 207, 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, June 2022: AED 766,500 (AED 999 per sqft)Sold, January 2024: AED 960,000 (AED 1,251 per sqft)

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

Rents
Unit 207, each contractTypical one-bed in Luma21
50K100K2023202420252026Typical rent by year: 2023 AED 79,000; 2024 AED 80,000; 2025 AED 75,750New contract, March 2023: AED 60,173 a yearNew contract, October 2024: AED 120,000 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 207 sits

All 36 1-beds →

207 last sold in January 2024 at AED 1,251 per sqft, in line with what one-beds in Luma21 were fetching at the time (AED 1,251). 207's AED 120,000 is at the top 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
2011-bedAED 778K · Nov 2022
202StudioAED 447K · Aug 2022
2031-bedAED 621K · May 2022
204StudioAED 452K · Aug 2022
205StudioAED 456K · Aug 2022
2061-bedAED 950K · May 2023
208StudioAED 447K · May 2022
1–7 of 56

207, Luma21 in numbers

  • Sold twice: first on 16 June 2022 for AED 766,500, last on 26 January 2024 for AED 960,000 (AED 1,251 per sqft).
  • Rented since March 2023 on 2 Ejari contracts, from AED 60,173 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2024 price is 12.5%.

Source: Dubai Land Department. Updated 5 October 2024.

Questions about 207, Luma21

What did unit 207 last sell for?

AED 960,000 on 26 January 2024: AED 1,251 per sqft for 767 sqft. The unit has 2 registered sales; the first was AED 766,500 in June 2022.

What is the rent for unit 207?

AED 120,000 a year on the contract signed on 5 October 2024. The previous contract, from March 2023, was AED 60,173.

How big is unit 207?

767 sqft (71.3 sqm): a one-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 207 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 207, Luma21

Starts from the last sale price (AED 960K, 26 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 960,000
Deposit, UAE resident (20%)
AED 192,000
Deposit, non-resident (40%)
AED 384,000
Monthly over 25 years at 3.7%
AED 3,928

Plus AED 45,330 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →