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1-bed · 596 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

240, Luma21

Sold prices and rental history: sold once, by the developer in August 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 240 · DLD and Ejari recordsUpdated 8 August 2022
Last soldAED 610K8 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 240, Luma21

What is 240 worth today?

Last sold for AED 609,530 in 2022

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8 Aug 2022Sold by developerOff-plan
AED 609,530AED 1,022 per sqft

Source: Dubai Land Department. Updated 8 August 2022.

Key facts

Type
1-bed apartment
Size
596 sqft
Floor
2nd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 610K · August 2022
Building
Luma21

About 240, Luma21

240 is a one-bedroom apartment of 596 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 8 August 2022 for AED 609,530, or AED 1,022 per sqft, in line with the AED 1,011 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 240 over time

Sales
Unit 240, each saleTypical one-bed in Luma21
750K1M20222023202420252026Typical sale price by year: 2022 AED 758,472; 2023 AED 910,000; 2025 AED 1,100,000Sold by developer, August 2022: AED 609,530 (AED 1,022 per sqft)

240 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 240, each contractTypical one-bed in Luma21
70K80K90K20232024202520262027Typical rent by year: 2023 AED 80,000; 2024 AED 80,000; 2025 AED 80,000; 2026 AED 80,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Luma21, and where 240 sits

All 39 1-beds →

240 last sold in August 2022 at AED 1,022 per sqft, in line with what one-beds in Luma21 were fetching at the time (AED 1,011). Over the last 12 months one-beds sold for AED 984,000, around AED 1,103 per sqft, and rent for AED 68,000 to 95,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jun 2026984,000
22 Oct 2025860,000
23 Sep 20251,235,000
26 Jun 20251,000,000
1 1-bed sale 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

240, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 8 August 2022 for AED 609,530, or AED 1,022 per sqft.
  • One-beds in Luma21 sold for AED 984,000–984,000 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 8 August 2022.

Questions about 240, Luma21

What did unit 240 last sell for?

AED 609,530 on 8 August 2022, sold by the developer: AED 1,022 per sqft for 596 sqft. It is the only registered sale of the unit.

How big is unit 240?

596 sqft (55.4 sqm): a one-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 240 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Luma21 sold for AED 984,000 to 984,000 in the last 12 months, around AED 1,103 per sqft.

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Mortgage on 240, Luma21

Starts from the last sale price (AED 610K, 8 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 609,530
Deposit, UAE resident (20%)
AED 121,906
Deposit, non-resident (40%)
AED 243,812
Monthly over 25 years at 3.7%
AED 2,494

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