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Studio · 422 sqftLuma21, Jumeirah Village Circle (JVC) · 1st floor · completed 2023

120, Luma21

Sold prices and rental history: sold once, by the developer in August 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 120 · DLD and Ejari recordsUpdated 10 October 2026
Last soldAED 424K24 August 2022
Current rentAED 45K /yr10 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 120, Luma21

What is 120 worth today?

Last sold for AED 423,848 in 2022

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10 Oct 2026RentedNew contract
AED 45,000/yr12 months · AED 107 per sqft
10 May 2025RentedNew contract
AED 50,000/yr12 months · AED 118 per sqft
10 May 2025RentedNew contract
AED 50,000/yr12 months · AED 118 per sqft
15 Feb 2025RentedRenewal
AED 50,000/yr12 months · AED 118 per sqft
15 Feb 2025RentedRenewal
AED 50,000/yr12 months · AED 118 per sqft
15 Feb 2024RentedRenewal
AED 50,000/yr12 months · AED 118 per sqft
15 Feb 2023RentedNew contract
AED 50,000/yr12 months · AED 118 per sqft
24 Aug 2022Sold by developerOff-plan
AED 423,848AED 1,004 per sqft

Source: Dubai Land Department. Updated 10 October 2026.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
1st of 4
Parking
G42
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 424K · August 2022
Building
Luma21

About 120, Luma21

120 is a studio of 422 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 24 August 2022 for AED 423,848, or AED 1,004 per sqft, in line with the AED 1,010 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 7 Ejari contracts. The current contract, signed on 10 October 2026, is AED 45,000 a year: a gross yield of 10.6% on the 2022 price.

Sales and rents for 120 over time

Sales
Unit 120, 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, August 2022: AED 423,848 (AED 1,004 per sqft)

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

Rents
Unit 120, each contractTypical studio in Luma21
45K50K55K202320252027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, February 2023: AED 50,000 a yearRenewal, February 2024: AED 50,000 a yearRenewal, February 2025: AED 50,000 a yearRenewal, February 2025: AED 50,000 a yearNew contract, May 2025: AED 50,000 a yearNew contract, May 2025: AED 50,000 a yearNew contract, October 2026: AED 45,000 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 120 sits

All 191 studios →

120 last sold in August 2022 at AED 1,004 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. 120's AED 45,000 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

120, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 24 August 2022 for AED 423,848, or AED 1,004 per sqft.
  • Rented since February 2023 on 7 Ejari contracts, from AED 50,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2022 price is 10.6%.
  • 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 10 October 2026.

Questions about 120, Luma21

What did unit 120 last sell for?

AED 423,848 on 24 August 2022, sold by the developer: AED 1,004 per sqft for 422 sqft. It is the only registered sale of the unit.

What is the rent for unit 120?

AED 45,000 a year on the contract signed on 10 October 2026. The previous contract, from May 2025, was AED 50,000; the unit has been rented since February 2023.

How big is unit 120?

422 sqft (39.2 sqm): a studio on the 1st floor of a 4-storey tower completed in 2023.

What is unit 120 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 120, Luma21

Starts from the last sale price (AED 424K, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 423,848
Deposit, UAE resident (20%)
AED 84,770
Deposit, non-resident (40%)
AED 169,539
Monthly over 25 years at 3.7%
AED 1,734

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