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Studio · 422 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

226, Luma21

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

Unit 226 · DLD and Ejari recordsUpdated 17 April 2024
Last soldAED 551K14 March 2023
Current rentAED 40K /yr17 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 226, Luma21

What is 226 worth today?

Last sold for AED 550,645 in 2023

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17 Apr 2024RentedNew contract
AED 40,000/yr12 months · AED 95 per sqft
17 Apr 2023RentedNew contract
AED 40,000/yr12 months · AED 95 per sqft
14 Mar 2023Sold by developerReady
AED 550,645AED 1,304 per sqft

Source: Dubai Land Department. Updated 17 April 2024.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
2nd of 4
Parking
G54
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 551K · March 2023
Building
Luma21

About 226, Luma21

226 is a studio of 422 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 14 March 2023 for AED 550,645, or AED 1,304 per sqft, 27% above the AED 1,029 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 17 April 2024, is AED 40,000 a year: a gross yield of 7.3% on the 2023 price.

Sales and rents for 226 over time

Sales
Unit 226, 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, March 2023: AED 550,645 (AED 1,304 per sqft)

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

Rents
Unit 226, 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, April 2023: AED 40,000 a yearNew contract, April 2024: AED 40,000 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 226 sits

All 191 studios →

226 last sold in March 2023 at AED 1,304 per sqft, 27% above what studios in Luma21 were fetching at the time (AED 1,029). 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. 226's AED 40,000 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

226, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 14 March 2023 for AED 550,645, or AED 1,304 per sqft.
  • Rented since April 2023 on 2 Ejari contracts, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 7.3%.
  • 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 17 April 2024.

Questions about 226, Luma21

What did unit 226 last sell for?

AED 550,645 on 14 March 2023, sold by the developer: AED 1,304 per sqft for 422 sqft. It is the only registered sale of the unit.

What is the rent for unit 226?

AED 40,000 a year on the contract signed on 17 April 2024. The previous contract, from April 2023, was AED 40,000.

How big is unit 226?

422 sqft (39.2 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 226 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 226, Luma21

Starts from the last sale price (AED 551K, 14 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 550,645
Deposit, UAE resident (20%)
AED 110,129
Deposit, non-resident (40%)
AED 220,258
Monthly over 25 years at 3.7%
AED 2,253

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