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Studio · 447 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

215, Luma21

Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 215 · DLD and Ejari recordsUpdated 21 July 2024
Last soldAED 447K31 August 2022
Current rentAED 65K /yr21 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 215, Luma21

What is 215 worth today?

Last sold for AED 446,952 in 2022

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21 Jul 2024RentedNew contract
AED 65,000/yr12 months · AED 145 per sqft
31 Aug 2022Sold by developerOff-plan
AED 446,952AED 999 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 July 2024.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
2nd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 447K · August 2022
Building
Luma21

About 215, Luma21

215 is a studio of 447 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 31 August 2022 for AED 446,952, or AED 999 per sqft, in line with the AED 1,010 studios in the building were fetching at the time.

One Ejari contract is registered, from 21 July 2024. The current contract, signed on 21 July 2024, is AED 65,000 a year: a gross yield of 14.5% on the 2022 price.

Sales and rents for 215 over time

Sales
Unit 215, 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 446,952 (AED 999 per sqft)

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

Rents
Unit 215, 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, July 2024: AED 65,000 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 215 sits

All 184 studios →

215 last sold in August 2022 at AED 999 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. 215's AED 65,000 is in the upper 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 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
2071-bedAED 960K · Jan 2024
1–7 of 56

215, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 31 August 2022 for AED 446,952, or AED 999 per sqft.
  • Rented since July 2024 on one Ejari contract, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2022 price is 14.5%.
  • 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 21 July 2024.

Questions about 215, Luma21

What did unit 215 last sell for?

AED 446,952 on 31 August 2022, sold by the developer: AED 999 per sqft for 447 sqft. It is the only registered sale of the unit.

What is the rent for unit 215?

AED 65,000 a year on the contract signed on 21 July 2024.

How big is unit 215?

447 sqft (41.5 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 215 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 215, Luma21

Starts from the last sale price (AED 447K, 31 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 446,952
Deposit, UAE resident (20%)
AED 89,390
Deposit, non-resident (40%)
AED 178,781
Monthly over 25 years at 3.7%
AED 1,829

Plus AED 21,682 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →