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Studio · 420 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

218, Luma21

Sold prices and rental history: sold twice, last in February 2023, and rented once, from June 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 5 June 2025
Last soldAED 510K20 February 2023
Current rentAED 53K /yr5 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 218, Luma21

What is 218 worth today?

Last sold for AED 510,000 in 2023

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5 Jun 2025RentedRenewal
AED 53,000/yr12 months · AED 126 per sqft
20 Feb 2023SoldOff-plan
AED 510,000AED 1,213 per sqft
30 Mar 2022Sold by developerOff-plan
AED 420,330AED 999 per sqft

Source: Dubai Land Department. Updated 5 June 2025.

Key facts

Type
Studio apartment
Size
420 sqft
Floor
2nd of 4
Parking
B15
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 510K · February 2023
Building
Luma21

About 218, Luma21

218 is a studio of 420 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 20 February 2023 for AED 510,000, or AED 1,213 per sqft, 20% above the AED 1,010 studios in the building were fetching at the time.

One Ejari contract is registered, from 5 June 2025. The current contract, renewed on 5 June 2025, is AED 53,000 a year: a gross yield of 10.4% on the 2023 price.

Sales and rents for 218 over time

Sales
Unit 218, 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, March 2022: AED 420,330 (AED 999 per sqft)Sold, February 2023: AED 510,000 (AED 1,213 per sqft)

218 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 218, each contractTypical studio in Luma21
50K60K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,000; 2026 AED 60,000Renewal, June 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 218 sits

All 184 studios →

218 last sold in February 2023 at AED 1,213 per sqft, 20% above 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. 218'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 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

218, Luma21 in numbers

  • Sold twice: first on 30 March 2022 for AED 420,330, last on 20 February 2023 for AED 510,000 (AED 1,213 per sqft).
  • Rented since June 2025 on one Ejari contract, at AED 53,000 a year.
  • At AED 53,000 a year the gross yield on the 2023 price is 10.4%.
  • 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: Dubai Land Department. Updated 5 June 2025.

Questions about 218, Luma21

What did unit 218 last sell for?

AED 510,000 on 20 February 2023: AED 1,213 per sqft for 420 sqft. The unit has 2 registered sales; the first was AED 420,330 in March 2022.

What is the rent for unit 218?

AED 53,000 a year on the contract renewed on 5 June 2025.

How big is unit 218?

420 sqft (39.0 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 218 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 218, Luma21

Starts from the last sale price (AED 510K, 20 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 510,000
Deposit, UAE resident (20%)
AED 102,000
Deposit, non-resident (40%)
AED 204,000
Monthly over 25 years at 3.7%
AED 2,087

Plus AED 26,430 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →