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1-bed · 767 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

407, Luma21

Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 17 May 2026
Last soldAED 805K31 August 2022
Current rentAED 87K /yr17 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 407, Luma21

What is 407 worth today?

Last sold for AED 804,825 in 2022

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17 May 2026RentedRenewal
AED 87,000/yr12 months · AED 114 per sqft
17 May 2025RentedNew contract
AED 87,000/yr12 months · AED 114 per sqft
31 Aug 2022Sold by developerOff-plan
AED 804,825AED 1,049 per sqft

Source: Dubai Land Department. Updated 17 May 2026.

Key facts

Type
1-bed apartment
Size
767 sqft
Floor
4th of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 805K · August 2022
Building
Luma21

About 407, Luma21

407 is a one-bedroom apartment of 767 sqft on the 4th 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 31 August 2022 for AED 804,825, or AED 1,049 per sqft, 4% above the AED 1,005 one-beds in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 17 May 2026, is AED 87,000 a year: a gross yield of 10.8% on the 2022 price.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical one-bed in Luma21
800K1M20222023202420252026Typical sale price by year: 2022 AED 758,472; 2023 AED 910,000; 2025 AED 1,100,000Sold by developer, August 2022: AED 804,825 (AED 1,049 per sqft)

407 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 407, each contractTypical one-bed in Luma21
80K85K20232024202520262027Typical rent by year: 2023 AED 80,000; 2024 AED 80,000; 2025 AED 80,000; 2026 AED 80,000New contract, May 2025: AED 87,000 a yearRenewal, May 2026: AED 87,000 a year

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

1-beds in Luma21, and where 407 sits

All 39 1-beds →

407 last sold in August 2022 at AED 1,049 per sqft, 4% above what one-beds in Luma21 were fetching at the time (AED 1,005). Over the last 12 months one-beds sold for AED 984,000, around AED 1,103 per sqft, and rent for AED 68,000 to 95,000 a year. 407's AED 87,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jun 2026984,000
22 Oct 2025860,000
23 Sep 20251,235,000
26 Jun 20251,000,000
1 1-bed sale 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 4th floor

All 238 units in Luma21
Value
4011-bedAED 965K · Nov 2023
402StudioAED 487K · Sep 2022
4031-bedAED 675K · Aug 2022
404StudioAED 482K · Sep 2022
405StudioAED 487K · Sep 2022
4061-bedAED 769K · Aug 2022
408StudioAED 499K · Dec 2022
1–7 of 56

407, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 31 August 2022 for AED 804,825, or AED 1,049 per sqft.
  • Rented since May 2025 on 2 Ejari contracts, at AED 87,000 a year.
  • At AED 87,000 a year the gross yield on the 2022 price is 10.8%.
  • One-beds in Luma21 sold for AED 984,000–984,000 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 May 2026.

Questions about 407, Luma21

What did unit 407 last sell for?

AED 804,825 on 31 August 2022, sold by the developer: AED 1,049 per sqft for 767 sqft. It is the only registered sale of the unit.

What is the rent for unit 407?

AED 87,000 a year on the contract renewed on 17 May 2026. The previous contract, from May 2025, was AED 87,000.

How big is unit 407?

767 sqft (71.3 sqm): a one-bedroom apartment on the 4th floor of a 4-storey tower completed in 2023.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Luma21 sold for AED 984,000 to 984,000 in the last 12 months, around AED 1,103 per sqft.

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Mortgage on 407, Luma21

Starts from the last sale price (AED 805K, 31 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 804,825
Deposit, UAE resident (20%)
AED 160,965
Deposit, non-resident (40%)
AED 321,930
Monthly over 25 years at 3.7%
AED 3,293

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