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Studio · 420 sqftLuma21, Jumeirah Village Circle (JVC) · 3rd floor · completed 2023

318, Luma21

Sold prices and rental history: sold 3 times, last in September 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 318 · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 600K27 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 318, Luma21

What is 318 worth today?

Last sold for AED 600,000 in 2024

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27 Sep 2024SoldReady
AED 600,000AED 1,427 per sqft
15 Nov 2023SoldReady
AED 750,000AED 1,783 per sqft
14 Mar 2023Sold by developerReady
AED 548,531AED 1,304 per sqft

Source: Dubai Land Department. Updated 27 September 2024.

Key facts

Type
Studio apartment
Size
420 sqft
Floor
3rd of 4
Parking
B128
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 600K · September 2024
Building
Luma21

About 318, Luma21

318 is a studio of 420 sqft on the 3rd floor of Luma21, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Townx Real Estate Development . It last sold on 27 September 2024 for AED 600,000, or AED 1,427 per sqft, 3% below the AED 1,476 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 318 over time

Sales
Unit 318, each saleTypical studio in Luma21
400K600K800K202220242026Typical 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, March 2023: AED 548,531 (AED 1,304 per sqft)Sold, November 2023: AED 750,000 (AED 1,783 per sqft)Sold, September 2024: AED 600,000 (AED 1,427 per sqft)

318 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 318, each contractTypical studio in Luma21
48K50K53K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Luma21, and where 318 sits

All 191 studios →

318 last sold in September 2024 at AED 1,427 per sqft, 3% below 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.

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

318, Luma21 in numbers

  • Sold 3 times: first on 14 March 2023 for AED 548,531, last on 27 September 2024 for AED 600,000 (AED 1,427 per sqft).
  • 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 27 September 2024.

Questions about 318, Luma21

What did unit 318 last sell for?

AED 600,000 on 27 September 2024: AED 1,427 per sqft for 420 sqft. The unit has 3 registered sales; the first was AED 548,531 in March 2023.

How big is unit 318?

420 sqft (39.0 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2023.

What is unit 318 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 318, Luma21

Starts from the last sale price (AED 600K, 27 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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