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Studio · 422 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

220, Luma21

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

Unit 220 · DLD and Ejari recordsUpdated 15 April 2024
Last soldAED 551K14 March 2023
Current rentAED 42K /yr15 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 220, Luma21

What is 220 worth today?

Last sold for AED 550,645 in 2023

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15 Apr 2024RentedNew contract
AED 42,000/yr12 months · AED 100 per sqft
29 Apr 2023RentedNew contract
AED 42,000/yr12 months · AED 100 per sqft
14 Mar 2023Sold by developerReady
AED 550,645AED 1,304 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
2nd of 4
Parking
B117
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 551K · March 2023
Building
Luma21

About 220, Luma21

220 is a studio of 422 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 14 March 2023 for AED 550,645, or AED 1,304 per sqft, 27% above the AED 1,029 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 15 April 2024, is AED 42,000 a year: a gross yield of 7.6% on the 2023 price.

Sales and rents for 220 over time

Sales
Unit 220, 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 2023: AED 550,645 (AED 1,304 per sqft)

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

Rents
Unit 220, each contractTypical studio in Luma21
40K50K60K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,000; 2026 AED 60,000New contract, April 2023: AED 42,000 a yearNew contract, April 2024: AED 42,000 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 220 sits

All 184 studios →

220 last sold in March 2023 at AED 1,304 per sqft, 27% above what studios in Luma21 were fetching at the time (AED 1,029). 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. 220's AED 42,000 is at the bottom 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

220, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 14 March 2023 for AED 550,645, or AED 1,304 per sqft.
  • Rented since April 2023 on 2 Ejari contracts, at AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2023 price is 7.6%.
  • 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 April 2024.

Questions about 220, Luma21

What did unit 220 last sell for?

AED 550,645 on 14 March 2023, sold by the developer: AED 1,304 per sqft for 422 sqft. It is the only registered sale of the unit.

What is the rent for unit 220?

AED 42,000 a year on the contract signed on 15 April 2024. The previous contract, from April 2023, was AED 42,000.

How big is unit 220?

422 sqft (39.2 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 220 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 220, Luma21

Starts from the last sale price (AED 551K, 14 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 550,645
Deposit, UAE resident (20%)
AED 110,129
Deposit, non-resident (40%)
AED 220,258
Monthly over 25 years at 3.7%
AED 2,253

Plus AED 28,137 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →