The first 20 frames come from the seller’s own listing; the rest show the building and its grounds.
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Jvt
LUM1NAR 3
2 BR · Apartment
What the seller states
- Floor
- (7-12)
- View
- Road
- Balcony
- Yes
Details as stated by the seller for this specific unit — not characteristics of the building.
Payment plan
About the building
Located in JVT District 2. Developer — Object One Real Estate Development. Architect — CVTEC Consulting Engineers.
What the building has
- Gym
- Shops
Specifications for Luminar Towers per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
JVT
The same idea as JVC, two storeys lower and considerably calmer: a grid of quiet streets where a townhouse costs what an apartment costs closer in.
- a townhouse at apartment money
- family tenants
- long tenancies
What to check: The community was built in phases and is still filling in. Check what stands on the plots around your street and what is permitted there — a quiet corner in JVT stops being quiet the moment the plot opposite starts building.
Full district guide →Questions and answers about lot NP2-196780
How much is this 2-bedroom apartment in LUM1NAR 3?
Lot NP2-196780 is priced at AED 1 190 000, about $324 000. The size is 1 075 sq ft (100 m²), which works out at AED 1 107 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
Is this expensive or cheap for JVT?
The database holds 30 lots in JVT, starting from AED 500 000. The area median is AED 1 579 per sq ft; this lot, at AED 1 107, is 30% below it. 7 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JVT area guide →Is the property ready or still under construction?
The handover date in the listing is FEB 2027. Until then payments follow the developer's payment plan. The date comes from the seller and is checked against the sale agreement before a deal.
Can I get a mortgage on this lot while it is still under construction?
During construction the buyer pays the developer under the payment plan — UAE banks grant standard mortgages on ready homes. A loan is possible for the final payment, once the property has its completion certificate.
Mortgage for the final payment →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 47 600 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 810 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about LUM1NAR 3?
The building has 26 floors. The developer is Object One. Figures are from the project passport: Propsearch and the Dubai Land Department.
What does the seller say about the property itself?
From the listing: floor — (7-12); view — Road. The seller's wording is quoted as is.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP2-196780 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Handover payment
A mortgage covers the final instalment
The final payment on this building falls in 2027 — under off-plan plans that is 40–60% of the price in one go. A UAE bank closes it: the flat becomes the security, and nothing is added on top of what the developer has already been paid.
- Up to 80% of the appraised value, no extra down payment
- 3.99% fixed for three years, up to 25 years in term
- 6–12 months before the keys — the bank wants six months of income history
Already been invoiced, or missed the date? That is not a dead end either — write and we will look at what the developer will accept.
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