PropertyIndex

Luma22

Completed · Q3 2024|415 units · 2 buildings

Alerts: Get notified of every new DLD-registered sale and rental contract.

Luma22 is a completed apartment development by TOWNX REAL ESTATE DEVELOPMENT L.L.C in Jumeirah Village Circle, Al Barsha South Fourth, comprising 415 registered units. 492 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,431 per sqft. At AED 1,431 per sqft, Luma22 prices 1% below the Jumeirah Village Circle average of AED 1,452 per sqft on registered sales.

PIX© price · 5.5% YoY
968KAED
Typical
1,431AED
PSF
Gross yield
7.1%
PIX© rent ÷ PIX© price
Sale records
492
DLD · all time
Rent contracts
602
Ejari · all time
Luma22

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
33 – 2,112 sqft
415968K1,4315.5%69K7.1%
Residential
Studio · Apartment
412 – 709 sqft
229
1 Bed · Apartment
658 – 1,104 sqft
142
2 Bed · Apartment
1,139 – 2,051 sqft
27
3 Bed · Apartment
1,395 – 2,112 sqft
9
Commercial
Store
33 – 97 sqft
8
Sales — Project-Wide492 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Tower & Floor Analysis
last 24 months
All towers · 104 sales
Floors 1-3 · 72 sales
Floor 4 · 32 sales
West Tower · 57 sales
Floors 1-3 · 41 sales
Floor 4 · 16 sales
East Tower · 47 sales
Floors 1-3 · 31 sales
Floor 4 · 16 sales
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
31 Jul 20261 BedWest Tower · Floor 48931,175,0001,316StandardStandard Sale
10 Jun 20261 BedEast Tower · Floor 28251,093,0001,325+15.4%StandardStandard Sale
9 May 2026StudioEast Tower · Floor 2446660,0001,479+30.1%StandardStandard Sale
Rentals — Project-Wide602 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Tower & Floor Analysis
last 24 months
All towers · 537 rentals
Floor 1 · 155 rentals
Floor 2 · 129 rentals
Floor 3 · 150 rentals
Floor 4 · 103 rentals
East Tower · 201 rentals
Floor 1 · 50 rentals
Floor 2 · 55 rentals
Floor 3 · 53 rentals
Floor 4 · 43 rentals
West Tower · 336 rentals
Floor 1 · 105 rentals
Floor 2 · 74 rentals
Floor 3 · 97 rentals
Floor 4 · 60 rentals
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
29 Sep 20261 Bed72685,000117Standardrenewal
15 Aug 20262 BedEast Tower · Floor 41,178125,000106Standardnew
14 Aug 2026StudioWest Tower · Floor 346750,000107-16.7%Entry Levelrenewal

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Jumeirah Village Circle

The closest-priced registered projects in Jumeirah Village Circle.

Common questions about Luma22

Answered from Dubai Land Department registered transactions.

How much does a property in Luma22 cost?

Property in Luma22 sells at a current PIX© price of AED 1,431 per sqft, or about AED 967,644 for a typical unit, based on 492 sales registered with the Dubai Land Department.

Is Luma22 completed?

Yes. Luma22 is recorded as completed in the Dubai Land Department project register (completed q3 2024).

Who is the developer of Luma22?

Luma22 is developed by TOWNX REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Luma22?

Luma22 yields 7.1% gross, calculated from current PIX© rent against current PIX© sale price, across 602 registered Ejari contracts.

How many units are in Luma22?

Luma22 holds 415 registered units, per the Dubai Land Department unit register.

Have prices in Luma22 gone up or down?

Price per sqft has fallen -5.5% over the last 12 months, to AED 1,431, across 492 registered sales.