Luma 21
Studio
About the building
5-storey residential building in JVC District 14, completed in 2023. Developer — TownX. Architect — POE Engineering Consultants.
Where it is
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 NP9-108089
How much is this studio in Luma 21?
Lot NP9-108089 is priced at AED 680 000, about $185 000. The size is 419 sq ft (39 m²), which works out at AED 1 623 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.
How does this price compare with other lots in Luma 21?
The database holds 2 lots in Luma 21 right now, from AED 680 000 to AED 1 775 000.
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 1 623, is 27% 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?
According to the listing, the property is ready. The project passport gives 2023 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 136 000; a loan of AED 544 000 over 25 years at 3.75–4.99% a year comes to roughly AED 2 800–3 200 a month. A non-resident puts down from 40% (AED 272 000) and pays about AED 2 100–2 400 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 27 200 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. 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?
The lot's price is AED 70 000 below the classic threshold for the two-year residence visa (AED 750 000) and AED 1 320 000 short of the Golden Visa, granted from AED 2 000 000. A visa consultant can go through the grounds that remain at this price.
Golden Visa and residence visas →What is known about Luma 21?
The building has 5 floors. The developer is TownX. Completion year: 2023. Figures are from the project passport: Propsearch and the Dubai Land Department.
Luma 21 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 NP9-108089 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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