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1-bed · 621 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

403, Luma21

Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 25 November 2024
Last soldAED 675K25 August 2022
Current rentAED 77K /yr25 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 403, Luma21

What is 403 worth today?

Last sold for AED 674,764 in 2022

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25 Nov 2024RentedNew contract
AED 77,000/yr12 months · AED 123 per sqft
25 Aug 2022Sold by developerOff-plan
AED 674,764AED 1,087 per sqft

Source: Dubai Land Department. Updated 25 November 2024.

Key facts

Type
1-bed apartment
Size
621 sqft
Floor
4th of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 675K · August 2022
Building
Luma21

About 403, Luma21

403 is a one-bedroom apartment of 621 sqft on the 4th 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 25 August 2022 for AED 674,764, or AED 1,087 per sqft, 9% above the AED 1,000 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 November 2024. The current contract, signed on 25 November 2024, is AED 77,000 a year: a gross yield of 11.4% on the 2022 price.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical one-bed in Luma21
600K800K1M20222023202420252026Typical sale price by year: 2022 AED 756,319; 2023 AED 910,000; 2025 AED 1,100,000Sold by developer, August 2022: AED 674,764 (AED 1,087 per sqft)

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

Rents
Unit 403, each contractTypical one-bed in Luma21
76K78K80K2023202420252026Typical rent by year: 2023 AED 79,000; 2024 AED 80,000; 2025 AED 75,750New contract, November 2024: AED 77,000 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 403 sits

All 36 1-beds →

403 last sold in August 2022 at AED 1,087 per sqft, 9% above what one-beds in Luma21 were fetching at the time (AED 1,000). 403's AED 77,000 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 4th floor

All 238 units in Luma21
Value
4011-bedAED 965K · Nov 2023
402StudioAED 487K · Sep 2022
404StudioAED 482K · Sep 2022
405StudioAED 487K · Sep 2022
406AED 769K · Aug 2022
4071-bedAED 805K · Aug 2022
408StudioAED 499K · Dec 2022
1–7 of 56

403, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 25 August 2022 for AED 674,764, or AED 1,087 per sqft.
  • Rented since November 2024 on one Ejari contract, at AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2022 price is 11.4%.

Source: Dubai Land Department. Updated 25 November 2024.

Questions about 403, Luma21

What did unit 403 last sell for?

AED 674,764 on 25 August 2022, sold by the developer: AED 1,087 per sqft for 621 sqft. It is the only registered sale of the unit.

What is the rent for unit 403?

AED 77,000 a year on the contract signed on 25 November 2024.

How big is unit 403?

621 sqft (57.7 sqm): a one-bedroom apartment on the 4th floor of a 4-storey tower completed in 2023.

What is unit 403 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 403, Luma21

Starts from the last sale price (AED 675K, 25 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 674,764
Deposit, UAE resident (20%)
AED 134,953
Deposit, non-resident (40%)
AED 269,906
Monthly over 25 years at 3.7%
AED 2,761

Plus AED 33,351 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →