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Studio · 420 sqftLuma21, Jumeirah Village Circle (JVC) · 1st floor · completed 2023

118, Luma21

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

Unit 118 · DLD and Ejari recordsUpdated 27 September 2026
Last soldAED 421K2 September 2022
Current rentAED 55K /yr27 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 118, Luma21

What is 118 worth today?

Last sold for AED 421,000 in 2022

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27 Sep 2026RentedRenewal
AED 55,200/yr12 months · AED 131 per sqft
27 Sep 2025RentedRenewal
AED 60,000/yr12 months · AED 143 per sqft
27 Sep 2024RentedNew contract
AED 60,000/yr12 months · AED 143 per sqft
2 Sep 2022Sold by developerOff-plan
AED 421,000AED 1,001 per sqft

Source: Dubai Land Department. Updated 27 September 2026.

Key facts

Type
Studio apartment
Size
420 sqft
Floor
1st of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 421K · September 2022
Building
Luma21

About 118, Luma21

118 is a studio of 420 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 2 September 2022 for AED 421,000, or AED 1,001 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 3 Ejari contracts. The current contract, renewed on 27 September 2026, is AED 55,200 a year: a gross yield of 13.1% on the 2022 price.

Sales and rents for 118 over time

Sales
Unit 118, 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, September 2022: AED 421,000 (AED 1,001 per sqft)

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

Rents
Unit 118, each contractTypical studio in Luma21
50K60K202320252027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, September 2024: AED 60,000 a yearRenewal, September 2025: AED 60,000 a yearRenewal, September 2026: AED 55,200 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 118 sits

All 191 studios →

118 last sold in September 2022 at AED 1,001 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. 118's AED 55,200 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

118, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 2 September 2022 for AED 421,000, or AED 1,001 per sqft.
  • Rented since September 2024 on 3 Ejari contracts, from AED 60,000 to AED 55,200 a year.
  • At AED 55,200 a year the gross yield on the 2022 price is 13.1%.
  • 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 27 September 2026.

Questions about 118, Luma21

What did unit 118 last sell for?

AED 421,000 on 2 September 2022, sold by the developer: AED 1,001 per sqft for 420 sqft. It is the only registered sale of the unit.

What is the rent for unit 118?

AED 55,200 a year on the contract renewed on 27 September 2026. The previous contract, from September 2025, was AED 60,000; the unit has been rented since September 2024.

How big is unit 118?

420 sqft (39.0 sqm): a studio on the 1st floor of a 4-storey tower completed in 2023.

What is unit 118 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 118, Luma21

Starts from the last sale price (AED 421K, 2 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 421,000
Deposit, UAE resident (20%)
AED 84,200
Deposit, non-resident (40%)
AED 168,400
Monthly over 25 years at 3.7%
AED 1,722

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