Home
Dubai prices
About
Research
Studio · 469 sqftLuma 22 - West Tower, Jumeirah Village Circle (JVC) · 3rd floor · completed 2024

394, Luma 22 - West Tower

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

Unit 394 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 698K19 July 2023
Current rentAED 55K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 394

Property timeline for 394, Luma 22 - West Tower

What is 394 worth today?

Last sold for AED 698,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

1 Aug 2026RentedNew contract
AED 55,000/yr12 months · AED 118 per sqft
19 Jul 2023Sold by developerOff-plan
AED 698,000AED 1,489 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
Studio apartment
Size
469 sqft
Floor
3rd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2024
Last sold
AED 698K · July 2023
Building
Luma 22 - West Tower

About 394, Luma 22 - West Tower

394 is a studio of 469 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 19 July 2023 for AED 698,000, or AED 1,489 per sqft, 27% above the AED 1,173 studios in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2026. The current contract, signed on 1 August 2026, is AED 55,000 a year: a gross yield of 7.9% on the 2023 price.

Sales and rents for 394 over time

Sales
Unit 394, 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, July 2023: AED 698,000 (AED 1,489 per sqft)

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

Rents
Unit 394, 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, August 2026: AED 55,000 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 394 sits

All 138 studios →

394 last sold in July 2023 at AED 1,489 per sqft, 27% above what studios in Luma 22 - West Tower were fetching at the time (AED 1,173). 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. 394's AED 55,000 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

394, Luma 22 - West Tower in numbers

  • Sold once: by Townx Real Estate Development on 19 July 2023 for AED 698,000, or AED 1,489 per sqft.
  • Rented since August 2026 on one Ejari contract, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2023 price is 7.9%.
  • 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 1 August 2026.

Questions about 394, Luma 22 - West Tower

What did unit 394 last sell for?

AED 698,000 on 19 July 2023, sold by the developer: AED 1,489 per sqft for 469 sqft. It is the only registered sale of the unit.

What is the rent for unit 394?

AED 55,000 a year on the contract signed on 1 August 2026.

How big is unit 394?

469 sqft (43.6 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2024.

What is unit 394 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.

Selling 394? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 394, Luma 22 - West Tower

Starts from the last sale price (AED 698K, 19 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 698,000
Deposit, UAE resident (20%)
AED 139,600
Deposit, non-resident (40%)
AED 279,200
Monthly over 25 years at 3.7%
AED 2,856

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