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1-bed · 767 sqftLuma21, Jumeirah Village Circle (JVC) · 3rd floor · completed 2023

307, Luma21

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

Unit 307 · DLD and Ejari recordsUpdated 24 March 2025
Last soldAED 758K26 September 2022
Current rentAED 75K /yr24 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Luma21

What is 307 worth today?

Last sold for AED 758,472 in 2022

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24 Mar 2025RentedRenewal
AED 75,000/yr12 months · AED 98 per sqft
24 Mar 2024RentedRenewal
AED 75,000/yr12 months · AED 98 per sqft
24 Mar 2023RentedNew contract
AED 75,000/yr12 months · AED 98 per sqft
26 Sep 2022Sold by developerOff-plan
AED 758,472AED 989 per sqft

Source: Dubai Land Department. Updated 24 March 2025.

Key facts

Type
1-bed apartment
Size
767 sqft
Floor
3rd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 758K · September 2022
Building
Luma21

About 307, Luma21

307 is a one-bedroom apartment of 767 sqft on the 3rd 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 26 September 2022 for AED 758,472, or AED 989 per sqft, in line with the AED 1,001 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 24 March 2025, is AED 75,000 a year: a gross yield of 9.9% on the 2022 price.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical one-bed in Luma21
800K1M20222023202420252026Typical sale price by year: 2022 AED 756,319; 2023 AED 910,000; 2025 AED 1,100,000Sold by developer, September 2022: AED 758,472 (AED 989 per sqft)

307 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 307, each contractTypical one-bed in Luma21
75K78K80K2023202420252026Typical rent by year: 2023 AED 79,000; 2024 AED 80,000; 2025 AED 75,750New contract, March 2023: AED 75,000 a yearRenewal, March 2024: AED 75,000 a yearRenewal, March 2025: AED 75,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Luma21, and where 307 sits

All 36 1-beds →

307 last sold in September 2022 at AED 989 per sqft, in line with what one-beds in Luma21 were fetching at the time (AED 1,001). 307's AED 75,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Jun 20251,000,000
17 Jun 20251,100,000
16 Apr 20251,300,000
28 May 2024999,999
0 1-bed 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 3rd floor

All 238 units in Luma21
Value
3011-bedAED 696K · Sep 2022
302StudioAED 452K · Aug 2022
3031-bedAED 1000K · May 2024
304StudioAED 443K · Jun 2022
305StudioAED 650K · Oct 2024
3061-bedAED 1.19M · Oct 2023
308StudioAED 447K · Sep 2022
1–7 of 56

307, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 26 September 2022 for AED 758,472, or AED 989 per sqft.
  • Rented since March 2023 on 3 Ejari contracts, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 9.9%.

Source: Dubai Land Department. Updated 24 March 2025.

Questions about 307, Luma21

What did unit 307 last sell for?

AED 758,472 on 26 September 2022, sold by the developer: AED 989 per sqft for 767 sqft. It is the only registered sale of the unit.

What is the rent for unit 307?

AED 75,000 a year on the contract renewed on 24 March 2025. The previous contract, from March 2024, was AED 75,000; the unit has been rented since March 2023.

How big is unit 307?

767 sqft (71.3 sqm): a one-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2023.

What is unit 307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 307, Luma21

Starts from the last sale price (AED 758K, 26 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 758,472
Deposit, UAE resident (20%)
AED 151,694
Deposit, non-resident (40%)
AED 303,389
Monthly over 25 years at 3.7%
AED 3,103

Plus AED 36,866 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →