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Studio · 421 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

429, Luma21

Sold prices and rental history: sold twice, last in December 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 429 · DLD and Ejari recordsUpdated 17 December 2024
Last soldAED 640K17 December 2024
Current rentAED 48K /yr22 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 429, Luma21

What is 429 worth today?

Last sold for AED 640,000 in 2024

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17 Dec 2024SoldReady
AED 640,000AED 1,518 per sqft
22 Jun 2024RentedRenewal
AED 48,000/yr12 months · AED 114 per sqft
22 Jun 2023RentedNew contract
AED 48,000/yr12 months · AED 114 per sqft
4 Oct 2022Sold by developerOff-plan
AED 469,320AED 1,112 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 17 December 2024.

Key facts

Type
Studio apartment
Size
421 sqft
Floor
4th of 4
Parking
B99
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 640K · December 2024
Building
Luma21

About 429, Luma21

429 is a studio of 421 sqft on the 4th floor of Luma21, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Townx Real Estate Development. It last sold on 17 December 2024 for AED 640,000, or AED 1,518 per sqft, in line with the AED 1,503 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 22 June 2024, is AED 48,000 a year: a gross yield of 7.5% on the 2024 price.

Sales and rents for 429 over time

Sales
Unit 429, 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, October 2022: AED 469,320 (AED 1,112 per sqft)Sold, December 2024: AED 640,000 (AED 1,518 per sqft)

429 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 429, 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, June 2023: AED 48,000 a yearRenewal, June 2024: AED 48,000 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 429 sits

All 184 studios →

429 last sold in December 2024 at AED 1,518 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,503). 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. 429's AED 48,000 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 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

429, Luma21 in numbers

  • Sold twice: first on 4 October 2022 for AED 469,320, last on 17 December 2024 for AED 640,000 (AED 1,518 per sqft).
  • Rented since June 2023 on 2 Ejari contracts, at AED 48,000 a year.
  • At AED 48,000 a year the gross yield on the 2024 price is 7.5%.
  • 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 17 December 2024.

Questions about 429, Luma21

What did unit 429 last sell for?

AED 640,000 on 17 December 2024: AED 1,518 per sqft for 421 sqft. The unit has 2 registered sales; the first was AED 469,320 in October 2022.

What is the rent for unit 429?

AED 48,000 a year on the contract renewed on 22 June 2024. The previous contract, from June 2023, was AED 48,000.

How big is unit 429?

421 sqft (39.1 sqm): a studio on the 4th floor of a 4-storey tower completed in 2023.

What is unit 429 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 429, Luma21

Starts from the last sale price (AED 640K, 17 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 640,000
Deposit, UAE resident (20%)
AED 128,000
Deposit, non-resident (40%)
AED 256,000
Monthly over 25 years at 3.7%
AED 2,618

Plus AED 31,890 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →