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Studio · 447 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

204, Luma21

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

Unit 204 · DLD and Ejari recordsUpdated 13 February 2025
Last soldAED 452K1 August 2022
Current rentAED 44K /yr13 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 204, Luma21

What is 204 worth today?

Last sold for AED 451,701 in 2022

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13 Feb 2025RentedRenewal
AED 44,000/yr12 months · AED 100 per sqft
13 Feb 2024RentedRenewal
AED 44,000/yr12 months · AED 100 per sqft
13 Feb 2023RentedNew contract
AED 40,000/yr12 months · AED 88 per sqft
1 Aug 2022Sold by developerOff-plan
AED 451,701AED 1,010 per sqft

Source: Dubai Land Department. Updated 13 February 2025.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
2nd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 452K · August 2022
Building
Luma21

About 204, Luma21

204 is a studio of 447 sqft on the 2nd 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 August 2022 for AED 451,701, or AED 1,010 per sqft, in line with the AED 1,000 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 13 February 2025, is AED 44,000 a year: a gross yield of 9.7% on the 2022 price.

Sales and rents for 204 over time

Sales
Unit 204, 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 451,701 (AED 1,010 per sqft)

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

Rents
Unit 204, each contractTypical studio in Luma21
40K50K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, February 2023: AED 40,000 a yearRenewal, February 2024: AED 44,000 a yearRenewal, February 2025: AED 44,000 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 204 sits

All 191 studios →

204 last sold in August 2022 at AED 1,010 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,000). 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. 204's AED 44,000 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 2nd floor

All 238 units in Luma21
Value
2011-bedAED 778K · Nov 2022
202StudioAED 447K · Aug 2022
2031-bedAED 621K · May 2022
205StudioAED 456K · Aug 2022
2061-bedAED 950K · May 2023
2071-bedAED 960K · Jan 2024
208StudioAED 447K · May 2022
1–7 of 56

204, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 1 August 2022 for AED 451,701, or AED 1,010 per sqft.
  • Rented since February 2023 on 3 Ejari contracts, from AED 40,000 to AED 44,000 a year.
  • At AED 44,000 a year the gross yield on the 2022 price is 9.7%.
  • 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 13 February 2025.

Questions about 204, Luma21

What did unit 204 last sell for?

AED 451,701 on 1 August 2022, sold by the developer: AED 1,010 per sqft for 447 sqft. It is the only registered sale of the unit.

What is the rent for unit 204?

AED 44,000 a year on the contract renewed on 13 February 2025. The previous contract, from February 2024, was AED 44,000; the unit has been rented since February 2023.

How big is unit 204?

447 sqft (41.5 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 204 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 204, Luma21

Starts from the last sale price (AED 452K, 1 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 451,701
Deposit, UAE resident (20%)
AED 90,340
Deposit, non-resident (40%)
AED 180,680
Monthly over 25 years at 3.7%
AED 1,848

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