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Studio · 447 sqftLuma21, Jumeirah Village Circle (JVC) · 2nd floor · completed 2023

247, Luma21

Sold prices and rental history: sold once, by the developer in August 2022, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 247 · DLD and Ejari recordsUpdated 17 October 2026
Last soldAED 456K4 August 2022
Current rentAED 55K /yr17 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 247, Luma21

What is 247 worth today?

Last sold for AED 456,145 in 2022

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17 Oct 2026RentedNew contract
AED 55,000/yr12 months · AED 123 per sqft
20 Sep 2025RentedNew contract
AED 55,000/yr12 months · AED 123 per sqft
7 Jul 2024RentedNew contract
AED 55,000/yr12 months · AED 123 per sqft
1 Jun 2023RentedNew contract
AED 56,000/yr12 months · AED 125 per sqft
4 Aug 2022Sold by developerOff-plan
AED 456,145AED 1,020 per sqft

Source: Dubai Land Department. Updated 17 October 2026.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
2nd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 456K · August 2022
Building
Luma21

About 247, Luma21

247 is a studio of 447 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 4 August 2022 for AED 456,145, or AED 1,020 per sqft, in line with the AED 1,000 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 17 October 2026, is AED 55,000 a year: a gross yield of 12.1% on the 2022 price.

Sales and rents for 247 over time

Sales
Unit 247, 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 456,145 (AED 1,020 per sqft)

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

Rents
Unit 247, each contractTypical studio in Luma21
50K55K202320252027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, June 2023: AED 56,000 a yearNew contract, July 2024: AED 55,000 a yearNew contract, September 2025: AED 55,000 a yearNew contract, October 2026: AED 55,000 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 247 sits

All 191 studios →

247 last sold in August 2022 at AED 1,020 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,000). 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. 247's AED 55,000 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

247, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 4 August 2022 for AED 456,145, or AED 1,020 per sqft.
  • Rented since June 2023 on 4 Ejari contracts, from AED 56,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2022 price is 12.1%.
  • 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 October 2026.

Questions about 247, Luma21

What did unit 247 last sell for?

AED 456,145 on 4 August 2022, sold by the developer: AED 1,020 per sqft for 447 sqft. It is the only registered sale of the unit.

What is the rent for unit 247?

AED 55,000 a year on the contract signed on 17 October 2026. The previous contract, from September 2025, was AED 55,000; the unit has been rented since June 2023.

How big is unit 247?

447 sqft (41.5 sqm): a studio on the 2nd floor of a 4-storey tower completed in 2023.

What is unit 247 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 247, Luma21

Starts from the last sale price (AED 456K, 4 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 456,145
Deposit, UAE resident (20%)
AED 91,229
Deposit, non-resident (40%)
AED 182,458
Monthly over 25 years at 3.7%
AED 1,866

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