Luma Park Views
HandoverDeveloperTOWNX REAL ESTATE DEVELOPMENT L.L.C
CommunityJumeirah Village Circle
Started
2 years 6 months ago01-07-2023
Handover
In 5 months30-06-2026
Status
95% BuiltIn Progress
Project Description
Residential and commercial G+4P+20 ,The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Blended: Last 90Dvs Last 12M Baseline
Stable0%
GrowthCurrent:AED 1,542/sqft
Last 12M:AED 1,536/sqft
Momentum: Last 12Mvs Prior Year
Rising+7%
GrowthLast 12M:AED 1,536/sqft
Prior Year:AED 1,437/sqft
Community Compare: Last 90DJumeirah Village Circle
Premium+23%
Above AvgProject:AED 1,542/sqft
Community:AED 1,255/sqft
Liquidity: Last 12MExit Speed
High44%Turnover
268Sold (Last 12M)
Supply & Demand Matrix
Luma Park Views averaged 44% liquidity over the last 12 months, which is considered high. As units are handed over, early secondary market activity is emerging. Velocity will become more meaningful as the market matures.
Type
Absorption (L12M)
Velocity
1 Bedroom
445 units
208 sold237 left
47%
Velocity
2 Bedrooms
59 units
26 sold33 left
44%
Velocity
3 Bedrooms
96 units
34 sold62 left
35%
Velocity
Shop
6 units
0 sold6 left
0%
Velocity
Layouts & Units (606)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class 1 Bed FlatFloors 5-24 | Inventory 445units 34 layouts · Typically 1 parking 6-52 sqm balcony | Size Range 798-1,253sqft | Price Range AED 933K - AED 1.6M | Avg PSF 1,440 | Sales 336 | Trend — | |
Asset Class 2 Bed FlatFloors 5-24 | Inventory 59units 11 layouts · Typically 1.3 parking 6-22 sqm balcony | Size Range 1,234-1,360sqft | Price Range AED 1.3M - AED 2.5M | Avg PSF 1,503 | Sales 35 | Trend — | |
Asset Class 3 Bed FlatFloors 5-24 | Inventory 96units 24 layouts · Typically 2 parking 5-29 sqm balcony | Size Range 1,298-1,711sqft | Price Range AED 1.6M - AED 3.5M | Avg PSF 1,490 | Sales 55 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 62,194-69,107sqft | Price Range AED 5.5M - AED 73.2M | Avg PSF 629 | Sales 3 | Trend — | |
Asset Class ShopPodium | Inventory 6units 6 layouts · Typically 20.8 parking | Size Range 1,414-5,131sqft | Price Range — | Avg PSF — | Sales 0 | Trend — |
Grouped into 5 asset classes covering 606 units