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Studio · 489 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

216, Luma21

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

Unit 216 · DLD and Ejari recordsUpdated 20 March 2024
Last soldAED 494K15 December 2022
Current rentAED 50K /yr20 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 216, Luma21

What is 216 worth today?

Last sold for AED 493,526 in 2022

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20 Mar 2024RentedNew contract
AED 50,000/yr12 months · AED 101 per sqft
24 Mar 2023RentedNew contract
AED 44,879/yr12 months · AED 93 per sqft
15 Dec 2022Sold by developerOff-plan
AED 493,526AED 1,008 per sqft

Source: Dubai Land Department. Updated 20 March 2024.

Key facts

Type
Studio apartment
Size
489 sqft
Floor
2nd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 494K · December 2022
Building
Luma21

About 216, Luma21

216 is a studio of 489 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 15 December 2022 for AED 493,526, or AED 1,008 per sqft, in line with the AED 1,010 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 20 March 2024, is AED 50,000 a year: a gross yield of 10.1% on the 2022 price.

Sales and rents for 216 over time

Sales
Unit 216, 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, December 2022: AED 493,526 (AED 1,008 per sqft)

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

Rents
Unit 216, each contractTypical studio in Luma21
45K50K55K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, March 2023: AED 44,879 a yearNew contract, March 2024: AED 50,000 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 216 sits

All 191 studios →

216 last sold in December 2022 at AED 1,008 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. 216's AED 50,000 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
204StudioAED 452K · Aug 2022
205StudioAED 456K · Aug 2022
2061-bedAED 950K · May 2023
2071-bedAED 960K · Jan 2024
1–7 of 56

216, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 15 December 2022 for AED 493,526, or AED 1,008 per sqft.
  • Rented since March 2023 on 2 Ejari contracts, from AED 44,879 to AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 10.1%.
  • 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 20 March 2024.

Questions about 216, Luma21

What did unit 216 last sell for?

AED 493,526 on 15 December 2022, sold by the developer: AED 1,008 per sqft for 489 sqft. It is the only registered sale of the unit.

What is the rent for unit 216?

AED 50,000 a year on the contract signed on 20 March 2024. The previous contract, from March 2023, was AED 44,879.

How big is unit 216?

489 sqft (45.4 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 216 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 216, Luma21

Starts from the last sale price (AED 494K, 15 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 493,526
Deposit, UAE resident (20%)
AED 98,705
Deposit, non-resident (40%)
AED 197,410
Monthly over 25 years at 3.7%
AED 2,019

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