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Studio · 446 sqftLuma 22 - West Tower, Jumeirah Village Circle (JVC) · 1st floor · completed 2024

175, Luma 22 - West Tower

Sold prices and rental history: sold once, by the developer in March 2023, and rented once, from March 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 175 · DLD and Ejari recordsUpdated 18 March 2026
Last soldAED 507K29 March 2023
Current rentAED 50K /yr18 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 175, Luma 22 - West Tower

What is 175 worth today?

Last sold for AED 507,298 in 2023

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18 Mar 2026RentedNew contract
AED 50,000/yr12 months · AED 113 per sqft
29 Mar 2023Sold by developerOff-plan
AED 507,298AED 1,138 per sqft

Source: Dubai Land Department. Updated 18 March 2026.

Key facts

Type
Studio apartment
Size
446 sqft
Floor
1st of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2024
Last sold
AED 507K · March 2023
Building
Luma 22 - West Tower

About 175, Luma 22 - West Tower

175 is a studio of 446 sqft on the 1st floor of Luma 22 - West Tower, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2024 by Townx Real Estate Development . The developer sold it on 29 March 2023 for AED 507,298, or AED 1,138 per sqft, in line with the AED 1,138 studios in the building were fetching at the time.

One Ejari contract is registered, from 18 March 2026. The current contract, signed on 18 March 2026, is AED 50,000 a year: a gross yield of 9.9% on the 2023 price.

Sales and rents for 175 over time

Sales
Unit 175, each saleTypical studio in Luma 22 - West Tower
600K20222023202420252026Typical sale price by year: 2022 AED 520,882; 2023 AED 595,000; 2024 AED 686,609; 2025 AED 737,500Sold by developer, March 2023: AED 507,298 (AED 1,138 per sqft)

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

Rents
Unit 175, each contractTypical studio in Luma 22 - West Tower
50K55K60K2024202520262027Typical rent by year: 2024 AED 60,000; 2025 AED 60,000; 2026 AED 55,000New contract, March 2026: AED 50,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Luma 22 - West Tower, and where 175 sits

All 138 studios →

175 last sold in March 2023 at AED 1,138 per sqft, in line with what studios in Luma 22 - West Tower were fetching at the time (AED 1,138). Over the last 12 months studios sold for AED 790,000, around AED 1,692 per sqft, and rent for AED 33,550 to 75,000 a year. 175's AED 50,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
12 Aug 202616,415
31 Mar 2026790,000
14 Oct 2025710,000
22 Aug 2025735,000
2 studio sales in the last 12 months

Luma 22 - West Tower

Building

243 apartments, studios to 2-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2024 by Townx Real Estate Development . 6 sold in the last 12 months.

Typical price per sqft
AED 1,315
Typical sale
AED 1.03M
Typical rent
AED 60K /yr
Typical yield
8.9%
Luma 22 - West Tower, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 1st floor

All 243 units in Luma 22 - West Tower
Value
1391-bedAED 945K · Apr 2026
1401-bedAED 1.29M · Aug 2023
1411-bedAED 1.29M · May 2023
1421-bedAED 1.03M · May 2023
143StudioAED 595K · Feb 2023
1441-bedAED 1.36M · Apr 2025
1451-bedAED 982K · Apr 2023
1–7 of 57

175, Luma 22 - West Tower in numbers

  • Sold once: by Townx Real Estate Development on 29 March 2023 for AED 507,298, or AED 1,138 per sqft.
  • Rented since March 2026 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 9.9%.
  • Studios in Luma 22 - West Tower sold for AED 790,000–790,000 in the 12 months to November 2026; the building's median across all types is AED 1,315 per sqft.

Source: Dubai Land Department. Updated 18 March 2026.

Questions about 175, Luma 22 - West Tower

What did unit 175 last sell for?

AED 507,298 on 29 March 2023, sold by the developer: AED 1,138 per sqft for 446 sqft. It is the only registered sale of the unit.

What is the rent for unit 175?

AED 50,000 a year on the contract signed on 18 March 2026.

How big is unit 175?

446 sqft (41.4 sqm): a studio on the 1st floor of a 4-storey tower completed in 2024.

What is unit 175 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Luma 22 - West Tower sold for AED 790,000 to 790,000 in the last 12 months, around AED 1,692 per sqft.

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Mortgage on 175, Luma 22 - West Tower

Starts from the last sale price (AED 507K, 29 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 507,298
Deposit, UAE resident (20%)
AED 101,460
Deposit, non-resident (40%)
AED 202,919
Monthly over 25 years at 3.7%
AED 2,076

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →