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Studio · 447 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

415, 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 415 · DLD and Ejari recordsUpdated 1 March 2025
Last soldAED 460K21 September 2022
Current rentAED 55K /yr1 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 415, Luma21

What is 415 worth today?

Last sold for AED 460,098 in 2022

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1 Mar 2025RentedRenewal
AED 54,999/yr4 months · AED 123 per sqft
1 Sep 2024RentedRenewal
AED 55,000/yr6 months · AED 123 per sqft
1 Sep 2023RentedNew contract
AED 53,000/yr12 months · AED 118 per sqft
21 Sep 2022Sold by developerOff-plan
AED 460,098AED 1,028 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 March 2025.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
4th of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 460K · September 2022
Building
Luma21

About 415, Luma21

415 is a studio of 447 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 21 September 2022 for AED 460,098, or AED 1,028 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 1 March 2025, is AED 54,999 a year: a gross yield of 11.9% on the 2022 price.

Sales and rents for 415 over time

Sales
Unit 415, 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 460,098 (AED 1,028 per sqft)

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

Rents
Unit 415, 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, September 2023: AED 53,000 a yearRenewal, September 2024: AED 55,000 a yearRenewal, March 2025: AED 54,999 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 415 sits

All 184 studios →

415 last sold in September 2022 at AED 1,028 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. 415's AED 54,999 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 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
4071-bedAED 805K · Aug 2022
1–7 of 56

415, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 21 September 2022 for AED 460,098, or AED 1,028 per sqft.
  • Rented since September 2023 on 3 Ejari contracts, from AED 53,000 to AED 54,999 a year.
  • At AED 54,999 a year the gross yield on the 2022 price is 11.9%.
  • 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 1 March 2025.

Questions about 415, Luma21

What did unit 415 last sell for?

AED 460,098 on 21 September 2022, sold by the developer: AED 1,028 per sqft for 447 sqft. It is the only registered sale of the unit.

What is the rent for unit 415?

AED 54,999 a year on the contract renewed on 1 March 2025. The previous contract, from September 2024, was AED 55,000; the unit has been rented since September 2023.

How big is unit 415?

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

What is unit 415 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 415, Luma21

Starts from the last sale price (AED 460K, 21 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 460,098
Deposit, UAE resident (20%)
AED 92,020
Deposit, non-resident (40%)
AED 184,039
Monthly over 25 years at 3.7%
AED 1,882

Plus AED 22,234 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →