Photos and renders of the building and grounds — not of this particular unit.
Luma Park Views
1 BR · Apartment
About the building
25-storey residential building in JVC District 14, completed in 2025. Developer — TownX. Architect — POE Engineering Consultants.
What the building has
- Parking
- Park and landscaping
Where it is
The pin is placed by project — accurate to the development, not the door.
JVC
Jumeirah Village Circle: the highest-volume apartment district in Dubai, and the default answer for yield.
- strong gross yields
- deep tenant demand
- accessible entry prices
What to check: Building quality here ranges from genuinely good to genuinely poor and the district average hides both. Visit on a normal weekday, check the parking and the lifts, and pull three years of service charge history before you offer.
Full district guide →Questions and answers about lot NP6-107813
How much is this 1-bedroom apartment in Luma Park Views?
Lot NP6-107813 is priced at AED 1 250 000, about $340 000. The size is 800 sq ft (74 m²), which works out at AED 1 563 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 JVC?
The database holds 260 lots in JVC. The area median is AED 2 224 per sq ft; this lot, at AED 1 563, is 30% below it. 136 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JVC area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2025 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 250 000; a loan of AED 1 000 000 over 25 years at 3.75–4.99% a year comes to roughly AED 5 100–5 800 a month. A non-resident puts down from 40% (AED 500 000) and pays about AED 3 900–4 400 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 50 000 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 750 000 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 Luma Park Views?
The building has 25 floors. The developer is TownX. Completion year: 2025. Figures are from the project passport: Propsearch and the Dubai Land Department.
Luma Park Views project page →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 NP6-107813 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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