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1-bed · 767 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

407, Luma21

Sold prices and rental history: sold once, by the developer in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 31 August 2022
Last soldAED 805K31 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Luma21

What is 407 worth today?

Last sold for AED 804,825 in 2022

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31 Aug 2022Sold by developerOff-plan
AED 804,825AED 1,049 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 31 August 2022.

Key facts

Type
1-bed apartment
Size
767 sqft
Floor
4th of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 805K · August 2022
Building
Luma21

About 407, Luma21

407 is a one-bedroom apartment of 767 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 31 August 2022 for AED 804,825, or AED 1,049 per sqft, 5% above the AED 1,001 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 407 over time

Sales
Unit 407, 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, August 2022: AED 804,825 (AED 1,049 per sqft)

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

Rents
Unit 407, each contractTypical one-bed in Luma21
76K78K80K2023202420252026Typical rent by year: 2023 AED 79,000; 2024 AED 80,000; 2025 AED 75,750

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 407 sits

All 36 1-beds →

407 last sold in August 2022 at AED 1,049 per sqft, 5% above what one-beds in Luma21 were fetching at the time (AED 1,001).

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
4031-bedAED 675K · Aug 2022
404StudioAED 482K · Sep 2022
405StudioAED 487K · Sep 2022
406AED 769K · Aug 2022
408StudioAED 499K · Dec 2022
1–7 of 56

407, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 31 August 2022 for AED 804,825, or AED 1,049 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 31 August 2022.

Questions about 407, Luma21

What did unit 407 last sell for?

AED 804,825 on 31 August 2022, sold by the developer: AED 1,049 per sqft for 767 sqft. It is the only registered sale of the unit.

How big is unit 407?

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

What is unit 407 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 407, Luma21

Starts from the last sale price (AED 805K, 31 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 804,825
Deposit, UAE resident (20%)
AED 160,965
Deposit, non-resident (40%)
AED 321,930
Monthly over 25 years at 3.7%
AED 3,293

Plus AED 38,813 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →