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Studio · 422 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

421, Luma21

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

Unit 421 · DLD and Ejari recordsUpdated 24 March 2023
Last soldAED 434K25 August 2022
Current rentAED 43K /yr24 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 421, Luma21

What is 421 worth today?

Last sold for AED 434,187 in 2022

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24 Mar 2023RentedNew contract
AED 43,000/yr12 months · AED 102 per sqft
25 Aug 2022Sold by developerOff-plan
AED 434,187AED 1,029 per sqft

Source: Dubai Land Department. Updated 24 March 2023.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
4th of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 434K · August 2022
Building
Luma21

About 421, Luma21

421 is a studio of 422 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 434,187, or AED 1,029 per sqft, in line with the AED 1,010 studios in the building were fetching at the time.

One Ejari contract is registered, from 24 March 2023. The current contract, signed on 24 March 2023, is AED 43,000 a year: a gross yield of 9.9% on the 2022 price.

Sales and rents for 421 over time

Sales
Unit 421, 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, August 2022: AED 434,187 (AED 1,029 per sqft)

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

Rents
Unit 421, each contractTypical studio in Luma21
40K50K60K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,000; 2026 AED 60,000New contract, March 2023: AED 43,000 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 421 sits

All 184 studios →

421 last sold in August 2022 at AED 1,029 per sqft, in line with 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. 421's AED 43,000 is at the bottom 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

421, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 25 August 2022 for AED 434,187, or AED 1,029 per sqft.
  • Rented since March 2023 on one Ejari contract, at AED 43,000 a year.
  • At AED 43,000 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: Dubai Land Department. Updated 24 March 2023.

Questions about 421, Luma21

What did unit 421 last sell for?

AED 434,187 on 25 August 2022, sold by the developer: AED 1,029 per sqft for 422 sqft. It is the only registered sale of the unit.

What is the rent for unit 421?

AED 43,000 a year on the contract signed on 24 March 2023.

How big is unit 421?

422 sqft (39.2 sqm): a studio on the 4th floor of a 4-storey tower completed in 2023.

What is unit 421 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 421, Luma21

Starts from the last sale price (AED 434K, 25 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 434,187
Deposit, UAE resident (20%)
AED 86,837
Deposit, non-resident (40%)
AED 173,675
Monthly over 25 years at 3.7%
AED 1,776

Plus AED 21,145 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →