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Studio · 427 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

239, Luma21

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

Unit 239 · DLD and Ejari recordsUpdated 17 May 2025
Last soldAED 500K27 February 2023
Current rentAED 50K /yr17 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 239, Luma21

What is 239 worth today?

Last sold for AED 500,000 in 2023

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17 May 2025RentedNew contract
AED 50,000/yr12 months · AED 117 per sqft
18 Apr 2024RentedRenewal
AED 48,000/yr12 months · AED 114 per sqft
19 Apr 2023RentedNew contract
AED 45,000/yr12 months · AED 107 per sqft
27 Feb 2023SoldOff-plan
AED 500,000AED 1,169 per sqft
23 Aug 2022Sold by developerOff-plan
AED 435,754AED 1,021 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 May 2025.

Key facts

Type
Studio apartment
Size
427 sqft
Floor
2nd of 4
Parking
G68
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 500K · February 2023
Building
Luma21

About 239, Luma21

239 is a studio of 427 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 27 February 2023 for AED 500,000, or AED 1,169 per sqft, 16% above 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, signed on 17 May 2025, is AED 50,000 a year: a gross yield of 10.0% on the 2023 price.

Sales and rents for 239 over time

Sales
Unit 239, 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 435,754 (AED 1,021 per sqft)Sold, February 2023: AED 500,000 (AED 1,169 per sqft)

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

Rents
Unit 239, 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, April 2023: AED 45,000 a yearRenewal, April 2024: AED 48,000 a yearNew contract, May 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 239 sits

All 184 studios →

239 last sold in February 2023 at AED 1,169 per sqft, 16% 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. 239'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

239, Luma21 in numbers

  • Sold twice: first on 23 August 2022 for AED 435,754, last on 27 February 2023 for AED 500,000 (AED 1,169 per sqft).
  • Rented since April 2023 on 3 Ejari contracts, from AED 45,000 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 10.0%.
  • 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 17 May 2025.

Questions about 239, Luma21

What did unit 239 last sell for?

AED 500,000 on 27 February 2023: AED 1,169 per sqft for 427 sqft. The unit has 2 registered sales; the first was AED 435,754 in August 2022.

What is the rent for unit 239?

AED 50,000 a year on the contract signed on 17 May 2025. The previous contract, from April 2024, was AED 48,000; the unit has been rented since April 2023.

How big is unit 239?

427 sqft (39.7 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 239 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 239, Luma21

Starts from the last sale price (AED 500K, 27 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 500,000
Deposit, UAE resident (20%)
AED 100,000
Deposit, non-resident (40%)
AED 200,000
Monthly over 25 years at 3.7%
AED 2,046

Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →