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Studio · 452 sqftLuma21, Jumeirah Village Circle (JVC) · 3rd floor · completed 2023

302, 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 302 · DLD and Ejari recordsUpdated 1 June 2025
Last soldAED 452K17 August 2022
Current rentAED 46K /yr1 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, Luma21

What is 302 worth today?

Last sold for AED 451,567 in 2022

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1 Jun 2025RentedNew contract
AED 46,000/yr12 months · AED 102 per sqft
1 Jun 2025RentedNew contract
AED 46,000/yr12 months · AED 102 per sqft
7 Apr 2024RentedRenewal
AED 41,000/yr12 months · AED 91 per sqft
7 Apr 2023RentedNew contract
AED 41,000/yr12 months · AED 91 per sqft
17 Aug 2022Sold by developerOff-plan
AED 451,567AED 999 per sqft

Source: Dubai Land Department. Updated 1 June 2025.

Key facts

Type
Studio apartment
Size
452 sqft
Floor
3rd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 452K · August 2022
Building
Luma21

About 302, Luma21

302 is a studio of 452 sqft on the 3rd 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 17 August 2022 for AED 451,567, or AED 999 per sqft, in line with the AED 1,011 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 1 June 2025, is AED 46,000 a year: a gross yield of 10.2% on the 2022 price.

Sales and rents for 302 over time

Sales
Unit 302, 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 451,567 (AED 999 per sqft)

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

Rents
Unit 302, 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, April 2023: AED 41,000 a yearRenewal, April 2024: AED 41,000 a yearNew contract, June 2025: AED 46,000 a yearNew contract, June 2025: AED 46,000 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 302 sits

All 191 studios →

302 last sold in August 2022 at AED 999 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,011). 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. 302's AED 46,000 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 3rd floor

All 238 units in Luma21
Value
3011-bedAED 696K · Sep 2022
3031-bedAED 1000K · May 2024
304StudioAED 443K · Jun 2022
305StudioAED 650K · Oct 2024
3061-bedAED 1.19M · Oct 2023
3071-bedAED 758K · Sep 2022
308StudioAED 447K · Sep 2022
1–7 of 56

302, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 17 August 2022 for AED 451,567, or AED 999 per sqft.
  • Rented since April 2023 on 4 Ejari contracts, from AED 41,000 to AED 46,000 a year.
  • At AED 46,000 a year the gross yield on the 2022 price is 10.2%.
  • 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 1 June 2025.

Questions about 302, Luma21

What did unit 302 last sell for?

AED 451,567 on 17 August 2022, sold by the developer: AED 999 per sqft for 452 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 46,000 a year on the contract signed on 1 June 2025. The previous contract, from June 2025, was AED 46,000; the unit has been rented since April 2023.

How big is unit 302?

452 sqft (42.0 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2023.

What is unit 302 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 302, Luma21

Starts from the last sale price (AED 452K, 17 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 451,567
Deposit, UAE resident (20%)
AED 90,313
Deposit, non-resident (40%)
AED 180,627
Monthly over 25 years at 3.7%
AED 1,848

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