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Studio · 423 sqftLuma21, Jumeirah Village Circle (JVC) · 3rd floor · completed 2023

338, Luma21

Sold prices and rental history: sold once, by the developer in March 2023, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 338 · DLD and Ejari recordsUpdated 30 November 2024
Last soldAED 551K14 March 2023
Current rentAED 50K /yr30 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 338, Luma21

What is 338 worth today?

Last sold for AED 550,501 in 2023

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30 Nov 2024RentedNew contract
AED 50,000/yr12 months · AED 118 per sqft
14 Mar 2023Sold by developerReady
AED 550,501AED 1,301 per sqft

Source: Dubai Land Department. Updated 30 November 2024.

Key facts

Type
Studio apartment
Size
423 sqft
Floor
3rd of 4
Parking
G24
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 551K · March 2023
Building
Luma21

About 338, Luma21

338 is a studio of 423 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 14 March 2023 for AED 550,501, or AED 1,301 per sqft, 26% above the AED 1,029 studios in the building were fetching at the time.

One Ejari contract is registered, from 30 November 2024. The current contract, signed on 30 November 2024, is AED 50,000 a year: a gross yield of 9.1% on the 2023 price.

Sales and rents for 338 over time

Sales
Unit 338, 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, March 2023: AED 550,501 (AED 1,301 per sqft)

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

Rents
Unit 338, 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, November 2024: AED 50,000 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 338 sits

All 191 studios →

338 last sold in March 2023 at AED 1,301 per sqft, 26% above what studios in Luma21 were fetching at the time (AED 1,029). 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. 338's AED 50,000 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

338, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 14 March 2023 for AED 550,501, or AED 1,301 per sqft.
  • Rented since November 2024 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2023 price is 9.1%.
  • 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 30 November 2024.

Questions about 338, Luma21

What did unit 338 last sell for?

AED 550,501 on 14 March 2023, sold by the developer: AED 1,301 per sqft for 423 sqft. It is the only registered sale of the unit.

What is the rent for unit 338?

AED 50,000 a year on the contract signed on 30 November 2024.

How big is unit 338?

423 sqft (39.3 sqm): a studio on the 3rd floor of a 4-storey tower completed in 2023.

What is unit 338 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 338, Luma21

Starts from the last sale price (AED 551K, 14 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 550,501
Deposit, UAE resident (20%)
AED 110,100
Deposit, non-resident (40%)
AED 220,200
Monthly over 25 years at 3.7%
AED 2,252

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