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Studio · 447 sqftLuma21, Jumeirah Village Circle (JVC) · 3rd floor · completed 2023

309, Luma21

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

Unit 309 · DLD and Ejari recordsUpdated 1 June 2024
Last soldAED 460K16 August 2022
Current rentAED 52K /yr1 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, Luma21

What is 309 worth today?

Last sold for AED 460,196 in 2022

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1 Jun 2024RentedNew contract
AED 52,000/yr12 months · AED 116 per sqft
1 May 2023RentedNew contract
AED 50,000/yr12 months · AED 111 per sqft
16 Aug 2022Sold by developerOff-plan
AED 460,196AED 1,029 per sqft

Source: Dubai Land Department. Updated 1 June 2024.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
3rd of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 460K · August 2022
Building
Luma21

About 309, Luma21

309 is a studio of 447 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 16 August 2022 for AED 460,196, or AED 1,029 per sqft, in line with the AED 1,010 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 June 2024, is AED 52,000 a year: a gross yield of 11.3% on the 2022 price.

Sales and rents for 309 over time

Sales
Unit 309, 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 460,196 (AED 1,029 per sqft)

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

Rents
Unit 309, each contractTypical studio in Luma21
48K50K53K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, May 2023: AED 50,000 a yearNew contract, June 2024: AED 52,000 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 309 sits

All 191 studios →

309 last sold in August 2022 at AED 1,029 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,010). 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. 309's AED 52,000 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
302StudioAED 452K · Aug 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
1–7 of 56

309, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 16 August 2022 for AED 460,196, or AED 1,029 per sqft.
  • Rented since May 2023 on 2 Ejari contracts, from AED 50,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2022 price is 11.3%.
  • 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 2024.

Questions about 309, Luma21

What did unit 309 last sell for?

AED 460,196 on 16 August 2022, sold by the developer: AED 1,029 per sqft for 447 sqft. It is the only registered sale of the unit.

What is the rent for unit 309?

AED 52,000 a year on the contract signed on 1 June 2024. The previous contract, from May 2023, was AED 50,000.

How big is unit 309?

447 sqft (41.5 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2023.

What is unit 309 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 309, Luma21

Starts from the last sale price (AED 460K, 16 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 460,196
Deposit, UAE resident (20%)
AED 92,039
Deposit, non-resident (40%)
AED 184,078
Monthly over 25 years at 3.7%
AED 1,883

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