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

231, Luma21

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

Unit 231 · DLD and Ejari recordsUpdated 15 March 2025
Last soldAED 428K16 August 2022
Current rentAED 50K /yr15 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 231, Luma21

What is 231 worth today?

Last sold for AED 427,983 in 2022

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15 Mar 2025RentedRenewal
AED 50,000/yr12 months · AED 119 per sqft
15 Mar 2024RentedRenewal
AED 50,000/yr12 months · AED 119 per sqft
15 Mar 2023RentedNew contract
AED 50,000/yr12 months · AED 119 per sqft
16 Aug 2022Sold by developerOff-plan
AED 427,983AED 1,014 per sqft

Source: Dubai Land Department. Updated 15 March 2025.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
2nd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 428K · August 2022
Building
Luma21

About 231, Luma21

231 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 16 August 2022 for AED 427,983, or AED 1,014 per sqft, in line with the AED 1,010 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 15 March 2025, is AED 50,000 a year: a gross yield of 11.7% on the 2022 price.

Sales and rents for 231 over time

Sales
Unit 231, 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 427,983 (AED 1,014 per sqft)

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

Rents
Unit 231, 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, March 2023: AED 50,000 a yearRenewal, March 2024: AED 50,000 a yearRenewal, March 2025: AED 50,000 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 231 sits

All 184 studios →

231 last sold in August 2022 at AED 1,014 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. 231's AED 50,000 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

231, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 16 August 2022 for AED 427,983, or AED 1,014 per sqft.
  • Rented since March 2023 on 3 Ejari contracts, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 11.7%.
  • 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 15 March 2025.

Questions about 231, Luma21

What did unit 231 last sell for?

AED 427,983 on 16 August 2022, sold by the developer: AED 1,014 per sqft for 422 sqft. It is the only registered sale of the unit.

What is the rent for unit 231?

AED 50,000 a year on the contract renewed on 15 March 2025. The previous contract, from March 2024, was AED 50,000; the unit has been rented since March 2023.

How big is unit 231?

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

What is unit 231 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 231, Luma21

Starts from the last sale price (AED 428K, 16 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 427,983
Deposit, UAE resident (20%)
AED 85,597
Deposit, non-resident (40%)
AED 171,193
Monthly over 25 years at 3.7%
AED 1,751

Plus AED 20,885 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →