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Studio · 440 sqftLuma 22 - West Tower, Jumeirah Village Circle (JVC) · 3rd floor · completed 2024

367, Luma 22 - West Tower

Sold prices and rental history: sold once, by the developer in January 2024, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 367 · DLD and Ejari recordsUpdated 2 February 2026
Last soldAED 667K26 January 2024
Current rentAED 60K /yr2 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 367, Luma 22 - West Tower

What is 367 worth today?

Last sold for AED 667,200 in 2024

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2 Feb 2026RentedRenewal
AED 60,000/yr12 months · AED 136 per sqft
2 Feb 2025RentedNew contract
AED 60,000/yr12 months · AED 136 per sqft
26 Jan 2024Sold by developerOff-plan
AED 667,200AED 1,517 per sqft

Source: Dubai Land Department. Updated 2 February 2026.

Key facts

Type
Studio apartment
Size
440 sqft
Floor
3rd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2024
Last sold
AED 667K · January 2024
Building
Luma 22 - West Tower

About 367, Luma 22 - West Tower

367 is a studio of 440 sqft on the 3rd 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 26 January 2024 for AED 667,200, or AED 1,517 per sqft, 7% above the AED 1,420 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 2 February 2026, is AED 60,000 a year: a gross yield of 9.0% on the 2024 price.

Sales and rents for 367 over time

Sales
Unit 367, each saleTypical studio in Luma 22 - West Tower
500K600K700K20222023202420252026Typical sale price by year: 2022 AED 520,882; 2023 AED 595,000; 2024 AED 686,609; 2025 AED 737,500Sold by developer, January 2024: AED 667,200 (AED 1,517 per sqft)

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

Rents
Unit 367, each contractTypical studio in Luma 22 - West Tower
55K58K60K2024202520262027Typical rent by year: 2024 AED 60,000; 2025 AED 60,000; 2026 AED 55,000New contract, February 2025: AED 60,000 a yearRenewal, February 2026: AED 60,000 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 367 sits

All 138 studios →

367 last sold in January 2024 at AED 1,517 per sqft, 7% above what studios in Luma 22 - West Tower were fetching at the time (AED 1,420). 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. 367's AED 60,000 is in the upper 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 3rd floor

All 243 units in Luma 22 - West Tower
Value
3391-bedAED 1.14M · Oct 2024
3401-bedAED 1.34M · Oct 2023
3411-bedAED 1.34M · Jul 2023
3421-bedAED 813K · Jan 2023
343StudioAED 679K · Jul 2023
3441-bedAED 1.22M · Apr 2023
3451-bedAED 1.4M · Apr 2025
1–7 of 57

367, Luma 22 - West Tower in numbers

  • Sold once: by Townx Real Estate Development on 26 January 2024 for AED 667,200, or AED 1,517 per sqft.
  • Rented since February 2025 on 2 Ejari contracts, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 9.0%.
  • 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 2 February 2026.

Questions about 367, Luma 22 - West Tower

What did unit 367 last sell for?

AED 667,200 on 26 January 2024, sold by the developer: AED 1,517 per sqft for 440 sqft. It is the only registered sale of the unit.

What is the rent for unit 367?

AED 60,000 a year on the contract renewed on 2 February 2026. The previous contract, from February 2025, was AED 60,000.

How big is unit 367?

440 sqft (40.9 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2024.

What is unit 367 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 367, Luma 22 - West Tower

Starts from the last sale price (AED 667K, 26 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 667,200
Deposit, UAE resident (20%)
AED 133,440
Deposit, non-resident (40%)
AED 266,880
Monthly over 25 years at 3.7%
AED 2,730

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