Luma22
ResaleDeveloperTOWNX REAL ESTATE DEVELOPMENT L.L.C
CommunityJumeirah Village Circle
Started
3 years 1 month ago01-12-2022
Handover
1 year 3 months ago30-09-2024
Status
CompleteFinished
Project Description
B+G(Common) 2x 4floors+R Residential, The project designed to have a concrete structure and block with internal and external finishes.
Performance Alpha
Sales Performance
Blended: Last 90Dvs Last 12M Baseline
Stable0%Growth
Current:AED 1,564/sqft
Last 12M:AED 1,563/sqft
Momentum: Last 12Mvs Prior Year
Stable+1%Growth
Last 12M:AED 1,563/sqft
Prior Year:AED 1,540/sqft
Community Compare: Last 90DJumeirah Village Circle
Premium+25%Above Avg
Project:AED 1,564/sqft
Community:AED 1,255/sqft
Liquidity: Last 12MExit Speed
Moderate10%Turnover
41Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 1,323/sqft
Range:AED 802 – AED 2K
Avg Unit:AED 74K/yr
Leasing Volume: L12MContracts Signed
Very Active253Total
New:189
Renew:64
Tenant RetentionRenewal Rate
Fair25%renewals
75% new tenants25% renewals
Gross YieldAnnual Return
High Yield84.6%Yield
Rent:AED 1,323/sqft
Price:AED 1,564/sqft
Supply & Demand Matrix
Luma22 averaged 10% liquidity over the last 12 months, which is considered moderate. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
Studio
229 units
29 sold200 left
13%
Velocity
1 Bedroom
142 units
9 sold133 left
6%
Velocity
2 Bedrooms
27 units
2 sold25 left
7%
Velocity
3 Bedrooms
9 units
1 sold8 left
11%
Velocity
Layouts & Units (407)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatPodium + Floors 1-4 | Inventory 229units 49 layouts · Typically 1 parking 5-23 sqm balcony | Size Range 233-713sqft | Price Range AED 430K - AED 935K | Avg PSF 1,371 | Sales 48 | Trend — | |
Asset Class 1 Bed FlatPodium + Floors 1-4 | Inventory 142units 64 layouts · Typically 1 parking 8-31 sqm balcony | Size Range 420-1,104sqft | Price Range AED 1.0M - AED 1.4M | Avg PSF 1,252 | Sales 23 | Trend — | |
Asset Class 2 Bed FlatFloors 1-4 | Inventory 27units 18 layouts · Typically 1.2 parking 8-81 sqm balcony | Size Range 1,139-2,051sqft | Price Range AED 1.7M - AED 2.2M | Avg PSF 1,245 | Sales 6 | Trend — | |
Asset Class 3 Bed FlatPodium + Floors 1-3 | Inventory 9units 5 layouts · Typically 2 parking 11-57 sqm balcony | Size Range 1,395-2,112sqft | Price Range AED 2.5M - AED 2.5M | Avg PSF 1,037 | Sales 1 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 42,792-110,443sqft | Price Range AED 42.0M - AED 42.0M | Avg PSF 234 | Sales 1 | Trend — |
Grouped into 5 asset classes covering 407 units