Home
Dubai prices
About
Research
Studio · 447 sqftLuma21, Jumeirah Village Circle (JVC) · 3rd floor · completed 2023

308, 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 308 · DLD and Ejari recordsUpdated 10 August 2025
Last soldAED 447K21 September 2022
Current rentAED 54K /yr10 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Luma21

What is 308 worth today?

Last sold for AED 446,952 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Aug 2025RentedRenewal
AED 54,000/yr12 months · AED 121 per sqft
10 Aug 2023RentedNew contract
AED 54,000/yr12 months · AED 122 per sqft
22 May 2023RentedNew contract
AED 50,000/yr12 months · AED 113 per sqft
21 Sep 2022Sold by developerOff-plan
AED 446,952AED 999 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 August 2025.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
3rd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 447K · September 2022
Building
Luma21

About 308, Luma21

308 is a studio of 447 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 21 September 2022 for AED 446,952, or AED 999 per sqft, in line with the AED 1,009 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 10 August 2025, is AED 54,000 a year: a gross yield of 12.1% on the 2022 price.

Sales and rents for 308 over time

Sales
Unit 308, 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, September 2022: AED 446,952 (AED 999 per sqft)

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

Rents
Unit 308, 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 yearNew contract, August 2023: AED 54,000 a yearRenewal, August 2025: AED 54,000 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 308 sits

All 184 studios →

308 last sold in September 2022 at AED 999 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,009). 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. 308's AED 54,000 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 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
3071-bedAED 758K · Sep 2022
1–7 of 56

308, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 21 September 2022 for AED 446,952, or AED 999 per sqft.
  • Rented since May 2023 on 3 Ejari contracts, from AED 50,000 to AED 54,000 a year.
  • At AED 54,000 a year the gross yield on the 2022 price is 12.1%.
  • 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 10 August 2025.

Questions about 308, Luma21

What did unit 308 last sell for?

AED 446,952 on 21 September 2022, sold by the developer: AED 999 per sqft for 447 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 54,000 a year on the contract renewed on 10 August 2025. The previous contract, from August 2023, was AED 54,000; the unit has been rented since May 2023.

How big is unit 308?

447 sqft (41.5 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2023.

What is unit 308 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.

Selling 308? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 308, Luma21

Starts from the last sale price (AED 447K, 21 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 446,952
Deposit, UAE resident (20%)
AED 89,390
Deposit, non-resident (40%)
AED 178,781
Monthly over 25 years at 3.7%
AED 1,829

Plus AED 21,682 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →