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Studio · 489 sqftLuma21, Jumeirah Village Circle (JVC) · 3rd floor · completed 2023

316, Luma21

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

Unit 316 · DLD and Ejari recordsUpdated 3 September 2025
Last soldAED 514K3 November 2022
Current rentAED 51K /yr3 September 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 316, Luma21

What is 316 worth today?

Last sold for AED 513,681 in 2022

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3 Sep 2025RentedNew contract
AED 51,000/yr12 months · AED 104 per sqft
22 May 2024RentedRenewal
AED 46,000/yr12 months · AED 95 per sqft
1 Mar 2023RentedNew contract
AED 47,000/yr12 months · AED 96 per sqft
3 Nov 2022Sold by developerOff-plan
AED 513,681AED 1,049 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 September 2025.

Key facts

Type
Studio apartment
Size
489 sqft
Floor
3rd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 514K · November 2022
Building
Luma21

About 316, Luma21

316 is a studio of 489 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 3 November 2022 for AED 513,681, or AED 1,049 per sqft, 4% 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 3 September 2025, is AED 51,000 a year: a gross yield of 9.9% on the 2022 price.

Sales and rents for 316 over time

Sales
Unit 316, 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, November 2022: AED 513,681 (AED 1,049 per sqft)

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

Rents
Unit 316, 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 47,000 a yearRenewal, May 2024: AED 46,000 a yearNew contract, September 2025: AED 51,000 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 316 sits

All 184 studios →

316 last sold in November 2022 at AED 1,049 per sqft, 4% 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. 316's AED 51,000 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

316, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 3 November 2022 for AED 513,681, or AED 1,049 per sqft.
  • Rented since March 2023 on 3 Ejari contracts, from AED 47,000 to AED 51,000 a year.
  • At AED 51,000 a year the gross yield on the 2022 price is 9.9%.
  • 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 3 September 2025.

Questions about 316, Luma21

What did unit 316 last sell for?

AED 513,681 on 3 November 2022, sold by the developer: AED 1,049 per sqft for 489 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 51,000 a year on the contract signed on 3 September 2025. The previous contract, from May 2024, was AED 46,000; the unit has been rented since March 2023.

How big is unit 316?

489 sqft (45.4 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2023.

What is unit 316 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 316, Luma21

Starts from the last sale price (AED 514K, 3 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 513,681
Deposit, UAE resident (20%)
AED 102,736
Deposit, non-resident (40%)
AED 205,472
Monthly over 25 years at 3.7%
AED 2,102

Plus AED 26,584 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →