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Studio · 421 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

229, Luma21

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

Unit 229 · DLD and Ejari recordsUpdated 9 May 2026
Last soldAED 551K14 March 2023
Current rentAED 45K /yr9 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 229, Luma21

What is 229 worth today?

Last sold for AED 550,645 in 2023

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9 May 2026RentedRenewal
AED 45,375/yr12 months · AED 108 per sqft
10 Jun 2025RentedRenewal
AED 45,137/yr11 months · AED 107 per sqft
10 Jun 2024RentedNew contract
AED 45,000/yr12 months · AED 107 per sqft
10 Jun 2023RentedNew contract
AED 41,000/yr12 months · AED 98 per sqft
14 Mar 2023Sold by developerReady
AED 550,645AED 1,306 per sqft

Source: Dubai Land Department. Updated 9 May 2026.

Key facts

Type
Studio apartment
Size
421 sqft
Floor
2nd of 4
Parking
B29
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 551K · March 2023
Building
Luma21

About 229, Luma21

229 is a studio of 421 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 1,306 per sqft, 27% above the AED 1,029 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 9 May 2026, is AED 45,375 a year: a gross yield of 8.2% on the 2023 price.

Sales and rents for 229 over time

Sales
Unit 229, 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 1,306 per sqft)

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

Rents
Unit 229, 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, June 2023: AED 41,000 a yearNew contract, June 2024: AED 45,000 a yearRenewal, June 2025: AED 45,137 a yearRenewal, May 2026: AED 45,375 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 229 sits

All 191 studios →

229 last sold in March 2023 at AED 1,306 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. 229's AED 45,375 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

229, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 14 March 2023 for AED 550,645, or AED 1,306 per sqft.
  • Rented since June 2023 on 4 Ejari contracts, from AED 41,000 to AED 45,375 a year.
  • At AED 45,375 a year the gross yield on the 2023 price is 8.2%.
  • 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 9 May 2026.

Questions about 229, Luma21

What did unit 229 last sell for?

AED 550,645 on 14 March 2023, sold by the developer: AED 1,306 per sqft for 421 sqft. It is the only registered sale of the unit.

What is the rent for unit 229?

AED 45,375 a year on the contract renewed on 9 May 2026. The previous contract, from June 2025, was AED 45,137; the unit has been rented since June 2023.

How big is unit 229?

421 sqft (39.1 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 229 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 229, 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 →