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Studio · 447 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

408, Luma21

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

Unit 408 · DLD and Ejari recordsUpdated 1 November 2026
Last soldAED 499K15 December 2022
Current rentAED 45K /yr1 November 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Luma21

What is 408 worth today?

Last sold for AED 498,774 in 2022

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1 Nov 2026RentedNew contract
AED 45,000/yr12 months · AED 101 per sqft
20 Mar 2025RentedRenewal
AED 60,000/yr12 months · AED 136 per sqft
20 Mar 2024RentedNew contract
AED 56,000/yr12 months · AED 127 per sqft
1 Mar 2023RentedNew contract
AED 45,000/yr12 months · AED 102 per sqft
15 Dec 2022Sold by developerOff-plan
AED 498,774AED 1,115 per sqft

Source: Dubai Land Department. Updated 1 November 2026.

Key facts

Type
Studio apartment
Size
447 sqft
Floor
4th of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 499K · December 2022
Building
Luma21

About 408, Luma21

408 is a studio of 447 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 15 December 2022 for AED 498,774, or AED 1,115 per sqft, 10% above the AED 1,010 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 November 2026, is AED 45,000 a year: a gross yield of 9.0% on the 2022 price.

Sales and rents for 408 over time

Sales
Unit 408, 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, December 2022: AED 498,774 (AED 1,115 per sqft)

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

Rents
Unit 408, each contractTypical studio in Luma21
50K60K202320252027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, March 2023: AED 45,000 a yearNew contract, March 2024: AED 56,000 a yearRenewal, March 2025: AED 60,000 a yearNew contract, November 2026: AED 45,000 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 408 sits

All 191 studios →

408 last sold in December 2022 at AED 1,115 per sqft, 10% above 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. 408's AED 45,000 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 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
4071-bedAED 805K · Aug 2022
1–7 of 56

408, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 15 December 2022 for AED 498,774, or AED 1,115 per sqft.
  • Rented since March 2023 on 4 Ejari contracts, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2022 price is 9.0%.
  • 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 November 2026.

Questions about 408, Luma21

What did unit 408 last sell for?

AED 498,774 on 15 December 2022, sold by the developer: AED 1,115 per sqft for 447 sqft. It is the only registered sale of the unit.

What is the rent for unit 408?

AED 45,000 a year on the contract signed on 1 November 2026. The previous contract, from March 2025, was AED 60,000; the unit has been rented since March 2023.

How big is unit 408?

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

What is unit 408 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 408, Luma21

Starts from the last sale price (AED 499K, 15 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 498,774
Deposit, UAE resident (20%)
AED 99,755
Deposit, non-resident (40%)
AED 199,510
Monthly over 25 years at 3.7%
AED 2,041

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