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

411, Luma21

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

Unit 411 · DLD and Ejari recordsUpdated 2 June 2024
Last soldAED 600K17 April 2023
Current rentAED 52K /yr2 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 411, Luma21

What is 411 worth today?

Last sold for AED 600,000 in 2023

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2 Jun 2024RentedRenewal
AED 52,000/yr12 months · AED 115 per sqft
2 Jun 2023RentedNew contract
AED 50,000/yr12 months · AED 111 per sqft
17 Apr 2023SoldReady
AED 600,000AED 1,340 per sqft
8 Aug 2022Sold by developerOff-plan
AED 459,995AED 1,029 per sqft

Source: Dubai Land Department. Updated 2 June 2024.

Key facts

Type
Studio apartment
Size
448 sqft
Floor
4th of 4
Parking
G85
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 600K · April 2023
Building
Luma21

About 411, Luma21

411 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 17 April 2023 for AED 600,000, or AED 1,340 per sqft, 30% above the AED 1,029 studios in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 2 June 2024, is AED 52,000 a year: a gross yield of 8.7% on the 2023 price.

Sales and rents for 411 over time

Sales
Unit 411, 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 459,995 (AED 1,029 per sqft)Sold, April 2023: AED 600,000 (AED 1,340 per sqft)

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

Rents
Unit 411, 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, June 2023: AED 50,000 a yearRenewal, June 2024: AED 52,000 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 411 sits

All 191 studios →

411 last sold in April 2023 at AED 1,340 per sqft, 30% 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. 411's AED 52,000 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

411, Luma21 in numbers

  • Sold twice: first on 8 August 2022 for AED 459,995, last on 17 April 2023 for AED 600,000 (AED 1,340 per sqft).
  • Rented since June 2023 on 2 Ejari contracts, from AED 50,000 to AED 52,000 a year.
  • At AED 52,000 a year the gross yield on the 2023 price is 8.7%.
  • 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 2 June 2024.

Questions about 411, Luma21

What did unit 411 last sell for?

AED 600,000 on 17 April 2023: AED 1,340 per sqft for 448 sqft. The unit has 2 registered sales; the first was AED 459,995 in August 2022.

What is the rent for unit 411?

AED 52,000 a year on the contract renewed on 2 June 2024. The previous contract, from June 2023, was AED 50,000.

How big is unit 411?

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

What is unit 411 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 411, Luma21

Starts from the last sale price (AED 600K, 17 April 2023). 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 →