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

254, Luma21

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

Unit 254 · DLD and Ejari recordsUpdated 31 May 2024
Last soldAED 575K18 May 2023
Current rentAED 55K /yr31 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 254, Luma21

What is 254 worth today?

Last sold for AED 575,000 in 2023

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31 May 2024RentedRenewal
AED 55,000/yr12 months · AED 122 per sqft
31 May 2023RentedNew contract
AED 50,000/yr12 months · AED 111 per sqft
18 May 2023SoldReady
AED 575,000AED 1,285 per sqft
8 Aug 2022Sold by developerOff-plan
AED 447,230AED 1,000 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 May 2024.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
2nd of 4
Parking
B88
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 575K · May 2023
Building
Luma21

About 254, Luma21

254 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. It last sold on 18 May 2023 for AED 575,000, or AED 1,285 per sqft, 25% above the AED 1,030 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 31 May 2024, is AED 55,000 a year: a gross yield of 9.6% on the 2023 price.

Sales and rents for 254 over time

Sales
Unit 254, 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 447,230 (AED 1,000 per sqft)Sold, May 2023: AED 575,000 (AED 1,285 per sqft)

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

Rents
Unit 254, 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, May 2023: AED 50,000 a yearRenewal, May 2024: AED 55,000 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 254 sits

All 184 studios →

254 last sold in May 2023 at AED 1,285 per sqft, 25% above what studios in Luma21 were fetching at the time (AED 1,030). 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. 254's AED 55,000 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

254, Luma21 in numbers

  • Sold twice: first on 8 August 2022 for AED 447,230, last on 18 May 2023 for AED 575,000 (AED 1,285 per sqft).
  • Rented since May 2023 on 2 Ejari contracts, from AED 50,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 9.6%.
  • 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 31 May 2024.

Questions about 254, Luma21

What did unit 254 last sell for?

AED 575,000 on 18 May 2023: AED 1,285 per sqft for 447 sqft. The unit has 2 registered sales; the first was AED 447,230 in August 2022.

What is the rent for unit 254?

AED 55,000 a year on the contract renewed on 31 May 2024. The previous contract, from May 2023, was AED 50,000.

How big is unit 254?

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

What is unit 254 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 254, Luma21

Starts from the last sale price (AED 575K, 18 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 575,000
Deposit, UAE resident (20%)
AED 115,000
Deposit, non-resident (40%)
AED 230,000
Monthly over 25 years at 3.7%
AED 2,353

Plus AED 29,160 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →