G24, Luma21
Sold prices and rental history: sold twice, last in September 2024, and rented once, from April 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for G24, Luma21
What is G24 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 16 September 2024.
Key facts
- Type
- Studio apartment
- Size
- 502 sqft
- Floor
- Ground of 4
- Parking
- G08
- Developer
- Townx Real Estate Development
- Completed
- 2023
- Last sold
- AED 650K · September 2024
- Building
- Luma21
About G24, Luma21
G24 is a studio of 502 sqft on the ground floor of Luma21, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Townx Real Estate Development. It last sold on 16 September 2024 for AED 650,000, or AED 1,294 per sqft, 12% below the AED 1,473 studios in the building were fetching at the time.
One Ejari contract is registered, from 5 April 2023. The current contract, signed on 5 April 2023, is AED 42,000 a year: a gross yield of 6.5% on the 2024 price.
Sales and rents for G24 over time
G24 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Luma21, and where G24 sits
All 184 studios →G24 last sold in September 2024 at AED 1,294 per sqft, 12% below what studios in Luma21 were fetching at the time (AED 1,473). 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. G24's AED 42,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 422 sqft | 665,000 | 1,574 | ||
| 7 Jan 20267 January 2026 | 447 sqft | 765,000 | 1,709 | ||
| 7 Jan 20267 January 2026 | 423 sqft | 730,000 | 1,725 | ||
| 5 Jan 20265 January 2026 | 557 sqft | 800,000 | 1,436 |
Luma21
Building238 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%
Other units on the ground floor
All 238 units in Luma21| ValueToday's value | |||||
|---|---|---|---|---|---|
| G23 | 503 sqft | AED 739KAED 739,000 · Oct 2025October 2025 | 42,000 /yr | ||
| G25 | 502 sqft | AED 660KAED 660,000 · Oct 2025October 2025 | 42,000 /yr | ||
| G26 | Studio | 502 sqft | AED 650KAED 650,000 · Dec 2023December 2023 | ||
| G27 | Studio | 502 sqft | AED 573KAED 573,300 · Mar 2023March 2023 | ||
| G28 | Studio | 502 sqft | AED 630KAED 630,000 · Oct 2023October 2023 | 70,077 /yr | |
| G29 | Studio | 502 sqft | AED 552KAED 552,000 · Nov 2022November 2022 | 47,000 /yr | |
| G30 | Studio | 502 sqft | AED 541KAED 540,844 · Sep 2022September 2022 | 54,500 /yr | |
| G31 | Studio | 502 sqft | AED 675KAED 675,000 · Nov 2023November 2023 | 59,000 /yr | |
| G32 | Studio | 502 sqft | AED 552KAED 551,881 · Sep 2022September 2022 | 65,000 /yr | |
| G33 | Studio | 502 sqft | AED 641KAED 641,137 · Nov 2022November 2022 | 64,000 /yr | |
| G34 | 3-bed | 1,263 sqft | AED 1.25MAED 1,253,250 · Dec 2023December 2023 | 140,000 /yr |
G24, Luma21 in numbers
- Sold twice: first on 29 September 2022 for AED 551,881, last on 16 September 2024 for AED 650,000 (AED 1,294 per sqft).
- Rented since April 2023 on one Ejari contract, at AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2024 price is 6.5%.
- 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 16 September 2024.
Questions about G24, Luma21
What did unit G24 last sell for?
AED 650,000 on 16 September 2024: AED 1,294 per sqft for 502 sqft. The unit has 2 registered sales; the first was AED 551,881 in September 2022.
What is the rent for unit G24?
AED 42,000 a year on the contract signed on 5 April 2023.
How big is unit G24?
502 sqft (46.6 sqm): a studio on the ground floor of a 4-storey tower completed in 2023.
What is unit G24 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 G24, Luma21
Starts from the last sale price (AED 650K, 16 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 650,000
- Deposit, UAE resident (20%)
- AED 130,000
- Deposit, non-resident (40%)
- AED 260,000
- Monthly over 25 years at 3.7%
- AED 2,659
Plus AED 32,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →