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Studio · 489 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

416, Luma21

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

Unit 416 · DLD and Ejari recordsUpdated 16 August 2026
Last soldAED 487K21 September 2022
Current rentAED 59K /yr16 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 416, Luma21

What is 416 worth today?

Last sold for AED 486,879 in 2022

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16 Aug 2026RentedRenewal
AED 59,000/yr12 months · AED 120 per sqft
16 Aug 2025RentedNew contract
AED 59,000/yr12 months · AED 120 per sqft
10 Jun 2024RentedNew contract
AED 55,000/yr12 months · AED 112 per sqft
10 Jun 2023RentedNew contract
AED 55,000/yr12 months · AED 114 per sqft
21 Sep 2022Sold by developerOff-plan
AED 486,879AED 995 per sqft

Source: Dubai Land Department. Updated 16 August 2026.

Key facts

Type
Studio apartment
Size
489 sqft
Floor
4th of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 487K · September 2022
Building
Luma21

About 416, Luma21

416 is a studio of 489 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 21 September 2022 for AED 486,879, or AED 995 per sqft, in line with the AED 1,009 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 16 August 2026, is AED 59,000 a year: a gross yield of 12.1% on the 2022 price.

Sales and rents for 416 over time

Sales
Unit 416, 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, September 2022: AED 486,879 (AED 995 per sqft)

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

Rents
Unit 416, each contractTypical studio in Luma21
50K55K60K202320252027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000New contract, June 2023: AED 55,000 a yearNew contract, June 2024: AED 55,000 a yearNew contract, August 2025: AED 59,000 a yearRenewal, August 2026: AED 59,000 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 416 sits

All 191 studios →

416 last sold in September 2022 at AED 995 per sqft, in line with what studios in Luma21 were fetching at the time (AED 1,009). 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. 416's AED 59,000 is in the upper 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

416, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 21 September 2022 for AED 486,879, or AED 995 per sqft.
  • Rented since June 2023 on 4 Ejari contracts, from AED 55,000 to AED 59,000 a year.
  • At AED 59,000 a year the gross yield on the 2022 price is 12.1%.
  • 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 16 August 2026.

Questions about 416, Luma21

What did unit 416 last sell for?

AED 486,879 on 21 September 2022, sold by the developer: AED 995 per sqft for 489 sqft. It is the only registered sale of the unit.

What is the rent for unit 416?

AED 59,000 a year on the contract renewed on 16 August 2026. The previous contract, from August 2025, was AED 59,000; the unit has been rented since June 2023.

How big is unit 416?

489 sqft (45.4 sqm): a studio on the 4th floor of a 4-storey tower completed in 2023.

What is unit 416 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 416, Luma21

Starts from the last sale price (AED 487K, 21 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 486,879
Deposit, UAE resident (20%)
AED 97,376
Deposit, non-resident (40%)
AED 194,752
Monthly over 25 years at 3.7%
AED 1,992

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