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Studio · 448 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

409, Luma21

Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 24 March 2026
Last soldAED 660K8 January 2024
Current rentAED 55K /yr24 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, Luma21

What is 409 worth today?

Last sold for AED 660,000 in 2024

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24 Mar 2026RentedRenewal
AED 55,000/yr12 months · AED 123 per sqft
24 Mar 2025RentedRenewal
AED 55,000/yr12 months · AED 123 per sqft
24 Mar 2024RentedNew contract
AED 55,000/yr12 months · AED 123 per sqft
8 Jan 2024SoldReady
AED 660,000AED 1,472 per sqft
11 Mar 2023RentedNew contract
AED 55,000/yr12 months · AED 122 per sqft
8 Aug 2022Sold by developerOff-plan
AED 460,098AED 1,028 per sqft

Source: Dubai Land Department. Updated 24 March 2026.

Key facts

Type
Studio apartment
Size
448 sqft
Floor
4th of 4
Parking
B85
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 660K · January 2024
Building
Luma21

About 409, Luma21

409 is a studio of 448 sqft on the 4th floor of Luma21, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2023 by Townx Real Estate Development . It last sold on 8 January 2024 for AED 660,000, or AED 1,472 per sqft, 13% above the AED 1,304 studios in the building were fetching at the time.

It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, renewed on 24 March 2026, is AED 55,000 a year: a gross yield of 8.3% on the 2024 price.

Sales and rents for 409 over time

Sales
Unit 409, 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 460,098 (AED 1,028 per sqft)Sold, January 2024: AED 660,000 (AED 1,472 per sqft)

409 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 409, each contractTypical studio in Luma21
50K55K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, March 2023: AED 55,000 a yearNew contract, March 2024: AED 55,000 a yearRenewal, March 2025: AED 55,000 a yearRenewal, March 2026: AED 55,000 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 409 sits

All 191 studios →

409 last sold in January 2024 at AED 1,472 per sqft, 13% above what studios in Luma21 were fetching at the time (AED 1,304). 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. 409's AED 55,000 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

409, Luma21 in numbers

  • Sold twice: first on 8 August 2022 for AED 460,098, last on 8 January 2024 for AED 660,000 (AED 1,472 per sqft).
  • Rented since March 2023 on 4 Ejari contracts, at AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2024 price is 8.3%.
  • 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 24 March 2026.

Questions about 409, Luma21

What did unit 409 last sell for?

AED 660,000 on 8 January 2024: AED 1,472 per sqft for 448 sqft. The unit has 2 registered sales; the first was AED 460,098 in August 2022.

What is the rent for unit 409?

AED 55,000 a year on the contract renewed on 24 March 2026. The previous contract, from March 2025, was AED 55,000; the unit has been rented since March 2023.

How big is unit 409?

448 sqft (41.6 sqm): a studio on the 4th floor of a 4-storey tower completed in 2023.

What is unit 409 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 409, Luma21

Starts from the last sale price (AED 660K, 8 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 660,000
Deposit, UAE resident (20%)
AED 132,000
Deposit, non-resident (40%)
AED 264,000
Monthly over 25 years at 3.7%
AED 2,700

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