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Studio · 489 sqftLuma21, Jumeirah Village Circle (JVC) · 1st floor · completed 2023

116, Luma21

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 116 · DLD and Ejari recordsUpdated 2 July 2026
Last soldAED 489K1 November 2022
Current rentAED 48K /yr2 July 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 116, Luma21

What is 116 worth today?

Last sold for AED 489,330 in 2022

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2 Jul 2026RentedRenewal
AED 48,300/yr12 months · AED 100 per sqft
1 Jul 2024RentedRenewal
AED 46,000/yr12 months · AED 93 per sqft
1 Nov 2022Sold by developerOff-plan
AED 489,330AED 1,000 per sqft

Source: Dubai Land Department. Updated 2 July 2026.

Key facts

Type
Studio apartment
Size
489 sqft
Floor
1st of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 489K · November 2022
Building
Luma21

About 116, Luma21

116 is a studio of 489 sqft on the 1st floor of Luma21, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Townx Real Estate Development . The developer sold it on 1 November 2022 for AED 489,330, or AED 1,000 per sqft, in line with the AED 1,010 studios in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 2 July 2026, is AED 48,300 a year: a gross yield of 9.9% on the 2022 price.

Sales and rents for 116 over time

Sales
Unit 116, each saleTypical studio in Luma21
400K600K202220242026Typical sale price by year: 2022 AED 447,230; 2023 AED 550,645; 2024 AED 657,500; 2025 AED 687,500; 2026 AED 732,500Sold by developer, November 2022: AED 489,330 (AED 1,000 per sqft)

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

Rents
Unit 116, each contractTypical studio in Luma21
45K50K202320252027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000Renewal, July 2024: AED 46,000 a yearRenewal, July 2026: AED 48,300 a year

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

Studios in Luma21, and where 116 sits

All 191 studios →

116 last sold in November 2022 at AED 1,000 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,010). Over the last 12 months studios sold for AED 300,000 to 800,000, around AED 1,479 per sqft, and rent for AED 37,948 to 79,500 a year. 116's AED 48,300 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
2 Nov 2026660,000
25 Jun 2026580,000
26 Mar 2026735,000
3 Mar 2026760,000
9 studio sales in the last 12 months

Luma21

Building

238 apartments, studios to 3-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2023 by Townx Real Estate Development . 11 sold in the last 12 months.

Typical price per sqft
AED 1,436 Down 7.1%
Typical sale
AED 735K
Typical rent
AED 55K /yr
Typical yield
7.9%
Luma21, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 1st floor

All 238 units in Luma21
Value
1011-bedAED 780K · Oct 2022
102StudioAED 715K · May 2024
1031-bedAED 984K · Jun 2026
104StudioAED 507K · May 2022
105StudioAED 800K · Jan 2026
1061-bedAED 865K · Jul 2022
1071-bedAED 744K · Aug 2022
1–7 of 54

116, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 1 November 2022 for AED 489,330, or AED 1,000 per sqft.
  • Rented since July 2024 on 2 Ejari contracts, from AED 46,000 to AED 48,300 a year.
  • At AED 48,300 a year the gross yield on the 2022 price is 9.9%.
  • 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 1,436 per sqft.

Source: Dubai Land Department. Updated 2 July 2026.

Questions about 116, Luma21

What did unit 116 last sell for?

AED 489,330 on 1 November 2022, sold by the developer: AED 1,000 per sqft for 489 sqft. It is the only registered sale of the unit.

What is the rent for unit 116?

AED 48,300 a year on the contract renewed on 2 July 2026. The previous contract, from July 2024, was AED 46,000.

How big is unit 116?

489 sqft (45.4 sqm): a studio on the 1st floor of a 4-storey tower completed in 2023.

What is unit 116 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 1,479 per sqft.

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Mortgage on 116, Luma21

Starts from the last sale price (AED 489K, 1 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 489,330
Deposit, UAE resident (20%)
AED 97,866
Deposit, non-resident (40%)
AED 195,732
Monthly over 25 years at 3.7%
AED 2,002

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