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Studio · 425 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

242, Luma21

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

Unit 242 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 680K30 April 2025
Current rentAED 45K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 242, Luma21

What is 242 worth today?

Last sold for AED 680,000 in 2025

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1 Aug 2026RentedNew contract
AED 45,000/yr12 months · AED 106 per sqft
1 Jun 2025RentedNew contract
AED 53,000/yr12 months · AED 125 per sqft
30 Apr 2025SoldReady
AED 680,000AED 1,598 per sqft
26 Aug 2022Sold by developerOff-plan
AED 425,220AED 999 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
Studio apartment
Size
425 sqft
Floor
2nd of 4
Parking
B20
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 680K · April 2025
Building
Luma21

About 242, Luma21

242 is a studio of 425 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 30 April 2025 for AED 680,000, or AED 1,598 per sqft, 5% above the AED 1,516 studios in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 1 August 2026, is AED 45,000 a year: a gross yield of 6.6% on the 2025 price.

Sales and rents for 242 over time

Sales
Unit 242, 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 425,220 (AED 999 per sqft)Sold, April 2025: AED 680,000 (AED 1,598 per sqft)

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

Rents
Unit 242, each contractTypical studio in Luma21
45K50K55K202320252027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, June 2025: AED 53,000 a yearNew contract, August 2026: AED 45,000 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 242 sits

All 191 studios →

242 last sold in April 2025 at AED 1,598 per sqft, 5% above what studios in Luma21 were fetching at the time (AED 1,516). 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. 242's AED 45,000 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

242, Luma21 in numbers

  • Sold twice: first on 26 August 2022 for AED 425,220, last on 30 April 2025 for AED 680,000 (AED 1,598 per sqft).
  • Rented since June 2025 on 2 Ejari contracts, from AED 53,000 to AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2025 price is 6.6%.
  • 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 1 August 2026.

Questions about 242, Luma21

What did unit 242 last sell for?

AED 680,000 on 30 April 2025: AED 1,598 per sqft for 425 sqft. The unit has 2 registered sales; the first was AED 425,220 in August 2022.

What is the rent for unit 242?

AED 45,000 a year on the contract signed on 1 August 2026. The previous contract, from June 2025, was AED 53,000.

How big is unit 242?

425 sqft (39.5 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 242 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 242, Luma21

Starts from the last sale price (AED 680K, 30 April 2025). Switch to today's estimate once you have unlocked it.
Price
AED 680,000
Deposit, UAE resident (20%)
AED 136,000
Deposit, non-resident (40%)
AED 272,000
Monthly over 25 years at 3.7%
AED 2,782

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