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Studio · 422 sqftLuma21, Jumeirah Village Circle (JVC) · 4th floor · completed 2023

427, Luma21

Sold prices and rental history: sold once, by the developer in October 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 427 · DLD and Ejari recordsUpdated 25 October 2022
Last soldAED 470K25 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 427, Luma21

What is 427 worth today?

Last sold for AED 470,450 in 2022

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25 Oct 2022Sold by developerOff-plan
AED 470,450AED 1,114 per sqft

Source: Dubai Land Department. Updated 25 October 2022.

Key facts

Type
Studio apartment
Size
422 sqft
Floor
4th of 4
Parking
1
Developer
Townx Real Estate Development
Completed
2023
Last sold
AED 470K · October 2022
Building
Luma21

About 427, Luma21

427 is a studio of 422 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 25 October 2022 for AED 470,450, or AED 1,114 per sqft, 10% above the AED 1,010 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 427 over time

Sales
Unit 427, 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, October 2022: AED 470,450 (AED 1,114 per sqft)

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

Rents
Unit 427, each contractTypical studio in Luma21
48K50K53K20232024202520262027Typical rent by year: 2023 AED 48,000; 2024 AED 50,000; 2025 AED 53,500; 2026 AED 50,000

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Luma21, and where 427 sits

All 191 studios →

427 last sold in October 2022 at AED 1,114 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.

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

427, Luma21 in numbers

  • Sold once: by Townx Real Estate Development on 25 October 2022 for AED 470,450, or AED 1,114 per sqft.
  • 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 25 October 2022.

Questions about 427, Luma21

What did unit 427 last sell for?

AED 470,450 on 25 October 2022, sold by the developer: AED 1,114 per sqft for 422 sqft. It is the only registered sale of the unit.

How big is unit 427?

422 sqft (39.2 sqm): a studio on the 4th floor of a 4-storey tower completed in 2023.

What is unit 427 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 427, Luma21

Starts from the last sale price (AED 470K, 25 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 470,450
Deposit, UAE resident (20%)
AED 94,090
Deposit, non-resident (40%)
AED 188,180
Monthly over 25 years at 3.7%
AED 1,925

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