505, Luma Park Views
Sold prices and rental history: sold once, by the developer in October 2024, and rented once, from February 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Luma Park Views
What is 505 worth today?
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Source: Dubai Land Department. Updated 14 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 995 sqft
- Floor
- 5th of 24
- Parking
- 1
- Developer
- Townx Real Estate Development
- Completed
- 2026
- Last sold
- AED 1.21M · October 2024
- Building
- Luma Park Views
About 505, Luma Park Views
505 is a one-bedroom apartment of 995 sqft on the 5th floor of Luma Park Views, a 24-storey tower in Jumeirah Village Circle (JVC) completed in 2026 by Townx Real Estate Development . The developer sold it on 19 October 2024 for AED 1,209,338, or AED 1,214 per sqft, 14% below the AED 1,409 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 14 February 2026. The current contract, signed on 14 February 2026, is AED 108,000 a year: a gross yield of 8.9% on the 2024 price.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
1-beds in Luma Park Views, and where 505 sits
All 432 1-beds →505 last sold in October 2024 at AED 1,214 per sqft, 14% below what one-beds in Luma Park Views were fetching at the time (AED 1,409). Over the last 12 months one-beds sold for AED 933,017 to 1,594,983, around AED 1,556 per sqft, and rent for AED 65,000 to 120,000 a year. 505's AED 108,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Nov 20266 November 2026 | 799 sqft | 1,329,087 | 1,664 | ||
| 5 Nov 20265 November 2026 | 849 sqft | 1,247,040 | 1,468 | ||
| 3 Nov 20263 November 2026 | 838 sqft | 1,319,425 | 1,573 | ||
| 3 Nov 20263 November 2026 | 880 sqft | 1,319,425 | 1,499 |
Luma Park Views
Building567 apartments, 1-bed to 3-bed over 24 floors in Jumeirah Village Circle (JVC), completed in 2026 by Townx Real Estate Development . 267 sold in the last 12 months.
- Typical price per sqft
- AED 1,598 Up 5.3%
- Typical sale
- AED 1.37M
- Typical rent
- AED 85K /yr
- Typical yield
- 6.0%
Other units on the 5th floor
All 567 units in Luma Park Views| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 885 sqft | AED 1.5MAED 1,500,000 · May 2026May 2026 | ||
| 502 | 1-bed | 1,250 sqft | AED 1.56MAED 1,558,268 · Aug 2025August 2025 | ||
| 503 | 1-bed | 1,249 sqft | AED 1.59MAED 1,590,732 · Jul 2024July 2024 | 85,000 /yr | |
| 504 | 1-bed | 1,252 sqft | AED 1.56MAED 1,562,433 · Jul 2025July 2025 | 80,000 /yr | |
| 506 | 1-bed | 999 sqft | AED 1.35MAED 1,348,070 · Jan 2025January 2025 | 100,000 /yr | |
| 507 | 3-bed | 1,534 sqft | AED 2.18MAED 2,182,056 · Feb 2025February 2025 | ||
| 508 | 3-bed | 1,321 sqft | AED 2.34MAED 2,344,168 · Oct 2026October 2026 | ||
| 509 | 1-bed | 849 sqft | AED 1.29MAED 1,292,881 · May 2025May 2025 | 80,000 /yr | |
| 510 | 1-bed | 849 sqft | AED 1.3MAED 1,300,838 · May 2025May 2025 | ||
| 511 | 1-bed | 849 sqft | AED 1.29MAED 1,293,675 · May 2025May 2025 | 85,000 /yr | |
| 512 | 1-bed | 849 sqft | AED 1.29MAED 1,293,675 · Jun 2025June 2025 | ||
| 513 | 1-bed | 849 sqft | AED 1.31MAED 1,313,846 · Aug 2025August 2025 | 80,000 /yr | |
| 514 | 1-bed | 849 sqft | AED 1.27MAED 1,266,440 · May 2025May 2025 | 73,000 /yr | |
| 515 | 2-bed | 1,266 sqft | AED 2.02MAED 2,016,824 · Aug 2026August 2026 | 140,000 /yr | |
| 516 | 3-bed | 1,315 sqft | AED 2.3MAED 2,300,003 · Apr 2026April 2026 | ||
| 518 | 1-bed | 867 sqft | AED 1.23MAED 1,226,532 · Apr 2025April 2025 | ||
| 519 | 1-bed | 849 sqft | AED 1.15MAED 1,153,075 · Apr 2025April 2025 | ||
| 520 | 1-bed | 849 sqft | AED 1.2MAED 1,196,009 · Jun 2025June 2025 | 70,000 /yr | |
| 521 | 1-bed | 867 sqft | AED 1.16MAED 1,157,228 · Jul 2026July 2026 | ||
| 522 | 1-bed | 867 sqft | AED 1.4MAED 1,397,000 · Feb 2026February 2026 | 94,745 /yr | |
| 523 | 1-bed | 867 sqft | AED 1.35MAED 1,350,003 · Dec 2025December 2025 | ||
| 524 | 3-bed | 1,320 sqft | AED 2.43MAED 2,429,100 · May 2026May 2026 | ||
| 526 | 1-bed | 1,005 sqft | AED 1.35MAED 1,349,994 · May 2025May 2025 | 85,000 /yr | |
| 527 | 1-bed | 995 sqft | AED 1.44MAED 1,441,815 · Sep 2025September 2025 | ||
| 528 | 1-bed | 1,252 sqft | AED 1.48MAED 1,481,056 · Oct 2025October 2025 | ||
| 529 | 1-bed | 1,250 sqft | AED 1.59MAED 1,594,983 · Dec 2025December 2025 | ||
| 530 | 1-bed | 1,249 sqft | AED 1.59MAED 1,586,846 · Oct 2025October 2025 | ||
| 531 | 1-bed | 862 sqft | AED 1.22MAED 1,221,248 · Aug 2026August 2026 |
505, Luma Park Views in numbers
- Sold once: by Townx Real Estate Development on 19 October 2024 for AED 1,209,338, or AED 1,214 per sqft.
- Rented since February 2026 on one Ejari contract, at AED 108,000 a year.
- At AED 108,000 a year the gross yield on the 2024 price is 8.9%.
- One-beds in Luma Park Views sold for AED 933,017–1,594,983 in the 12 months to November 2026; the building's median across all types is AED 1,598 per sqft.
Source: Dubai Land Department. Updated 14 February 2026.
Questions about 505, Luma Park Views
What did unit 505 last sell for?
AED 1,209,338 on 19 October 2024, sold by the developer: AED 1,214 per sqft for 995 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 108,000 a year on the contract signed on 14 February 2026.
How big is unit 505?
995 sqft (92.4 sqm): a one-bedroom apartment on the 5th floor of a 24-storey tower completed in 2026.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Luma Park Views sold for AED 933,017 to 1,594,983 in the last 12 months, around AED 1,556 per sqft.
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Mortgage on 505, Luma Park Views
Starts from the last sale price (AED 1.21M, 19 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,209,338
- Deposit, UAE resident (20%)
- AED 241,868
- Deposit, non-resident (40%)
- AED 483,735
- Monthly over 25 years at 3.7%
- AED 4,948
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →