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

241, Luma21

Sold prices and rental history: sold twice, last in September 2024, and rented once, from January 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 241 · DLD and Ejari recordsUpdated 2 January 2025
Last soldAED 685K12 September 2024
Current rentAED 60K /yr2 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 241, Luma21

What is 241 worth today?

Last sold for AED 685,000 in 2024

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2 Jan 2025RentedNew contract
AED 60,000/yr12 months · AED 142 per sqft
12 Sep 2024SoldReady
AED 685,000AED 1,622 per sqft
30 Aug 2022Sold by developerOff-plan
AED 421,781AED 999 per sqft

Source: Dubai Land Department. Updated 2 January 2025.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
2nd of 4
Parking
B30
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 685K · September 2024
Building
Luma21

About 241, Luma21

241 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 . It last sold on 12 September 2024 for AED 685,000, or AED 1,622 per sqft, 10% above the AED 1,476 studios in the building were fetching at the time.

One Ejari contract is registered, from 2 January 2025. The current contract, signed on 2 January 2025, is AED 60,000 a year: a gross yield of 8.8% on the 2024 price.

Sales and rents for 241 over time

Sales
Unit 241, 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 421,781 (AED 999 per sqft)Sold, September 2024: AED 685,000 (AED 1,622 per sqft)

241 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 241, each contractTypical studio in Luma21
50K60K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, January 2025: AED 60,000 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 241 sits

All 191 studios →

241 last sold in September 2024 at AED 1,622 per sqft, 10% above what studios in Luma21 were fetching at the time (AED 1,476). 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. 241's AED 60,000 is in the upper 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

241, Luma21 in numbers

  • Sold twice: first on 30 August 2022 for AED 421,781, last on 12 September 2024 for AED 685,000 (AED 1,622 per sqft).
  • Rented since January 2025 on one Ejari contract, at AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 8.8%.
  • 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 2 January 2025.

Questions about 241, Luma21

What did unit 241 last sell for?

AED 685,000 on 12 September 2024: AED 1,622 per sqft for 422 sqft. The unit has 2 registered sales; the first was AED 421,781 in August 2022.

What is the rent for unit 241?

AED 60,000 a year on the contract signed on 2 January 2025.

How big is unit 241?

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

What is unit 241 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 241, Luma21

Starts from the last sale price (AED 685K, 12 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 685,000
Deposit, UAE resident (20%)
AED 137,000
Deposit, non-resident (40%)
AED 274,000
Monthly over 25 years at 3.7%
AED 2,803

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