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

414, Luma21

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

Unit 414 · DLD and Ejari recordsUpdated 1 June 2026
Last soldAED 460K24 August 2022
Current rentAED 50K /yr1 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 414, Luma21

What is 414 worth today?

Last sold for AED 460,098 in 2022

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1 Jun 2026RentedNew contract
AED 50,000/yr12 months · AED 112 per sqft
1 May 2025RentedRenewal
AED 50,000/yr12 months · AED 112 per sqft
1 May 2024RentedNew contract
AED 50,000/yr12 months · AED 112 per sqft
1 May 2023RentedNew contract
AED 50,000/yr12 months · AED 111 per sqft
24 Aug 2022Sold by developerOff-plan
AED 460,098AED 1,028 per sqft

Source: Dubai Land Department. Updated 1 June 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 460K · August 2022
Building
Luma21

About 414, Luma21

414 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 24 August 2022 for AED 460,098, or AED 1,028 per sqft, in line with 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 June 2026, is AED 50,000 a year: a gross yield of 10.9% on the 2022 price.

Sales and rents for 414 over time

Sales
Unit 414, 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)

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

Rents
Unit 414, 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, May 2023: AED 50,000 a yearNew contract, May 2024: AED 50,000 a yearRenewal, May 2025: AED 50,000 a yearNew contract, June 2026: 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 414 sits

All 191 studios →

414 last sold in August 2022 at AED 1,028 per sqft, in line with 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. 414'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 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

414, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 24 August 2022 for AED 460,098, or AED 1,028 per sqft.
  • Rented since May 2023 on 4 Ejari contracts, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2022 price is 10.9%.
  • 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 June 2026.

Questions about 414, Luma21

What did unit 414 last sell for?

AED 460,098 on 24 August 2022, sold by the developer: AED 1,028 per sqft for 447 sqft. It is the only registered sale of the unit.

What is the rent for unit 414?

AED 50,000 a year on the contract signed on 1 June 2026. The previous contract, from May 2025, was AED 50,000; the unit has been rented since May 2023.

How big is unit 414?

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

What is unit 414 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 414, Luma21

Starts from the last sale price (AED 460K, 24 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 460,098
Deposit, UAE resident (20%)
AED 92,020
Deposit, non-resident (40%)
AED 184,039
Monthly over 25 years at 3.7%
AED 1,882

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