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OBJ1 REAL ESTATE DEVELOPMENT L.L.C

Lum1nar Tower 2

Under Construction · Date not reported|168 units · 1 tower
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Lum1nar Tower 2 is an under-construction development by OBJ1 REAL ESTATE DEVELOPMENT L.L.C in Jumeirah Village Triangle, comprising 168 registered units. 157 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,388 per sqft. At AED 1,388 per sqft, Lum1nar Tower 2 prices 8% below the Jumeirah Village Triangle median of AED 1,505 per sqft on registered sales.

PIX© price · ↓6.2% YoY
1.04MAED
Typical
1,388AED
PSF
Gross yield
Awaiting handover
PIX© rent ÷ PIX© price
Sale records
157
DLD · all time
Rent contracts
Awaiting handover
Ejari · all time
Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor
Units on floor unknown
…

Land, Lum1nar Tower 2

Size
Record
Sep 2015 to May 2024
Owners
3
Tenants
0
Price change
Yield on cost
Sale price by owner
PartyDatePrice / RentAEDPSFvs priorHeldNote
3Owner 322 May 20242.3 yrs
Current owner
2Owner 219 Sep 20185.7 yrs
1Owner 116 Sep 20153.0 yrs
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Land · Lum1nar Tower 2
Occupancy (237 nights)
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Lum1nar Tower 2

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 YoY
PIX© Core
Project-Wide
581 - 2,345 sqft
1681.04M1,388↓6.2%
Residential
1 Bed · Apartment
581 - 979 sqft
129
2 Bed · Apartment
1,262 - 1,988 sqft
38
Commercial
Shop
2,345 sqft
1-
No rental contracts registered - the project has not handed over.
Sales - Project-Wide157 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
Latest transactions
DateUnit No.BedsPositionSizePricePSFvs Prior SaleTierType
22 May 20262 BedLum1nar Tower 2 · Floor 131,2621,756,3971,392-StandardOff-Plan Sale
18 May 20261 BedLum1nar Tower 2 · Floor 9581800,1431,3770.0%StandardOff-Plan Sale
31 Mar 20261 BedLum1nar Tower 2 · Floor 8600918,0981,530-StandardOff-Plan Sale
Rentals - Project-Wide
PIX© rent analysis
No Ejari rental contracts. Contracts appear once handover occurs and tenancies are registered.

Comparables

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

Comparable projects in Jumeirah Village Triangle

The closest-priced registered projects in Jumeirah Village Triangle.

Common questions about Lum1nar Tower 2

Answered from Dubai Land Department registered transactions.

How much does a property in Lum1nar Tower 2 cost?

Property in Lum1nar Tower 2 sells at a current PIX© price of AED 1,388 per sqft, or about AED 1,043,514 for a typical unit, based on 157 sales registered with the Dubai Land Department.

When is Lum1nar Tower 2 handing over?

Lum1nar Tower 2 is under construction in the Dubai Land Department project register. No handover date is on record.

Who is the developer of Lum1nar Tower 2?

Lum1nar Tower 2 is developed by OBJ1 REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

How many units are in Lum1nar Tower 2?

Lum1nar Tower 2 holds 168 registered units, per the Dubai Land Department unit register.

Have prices in Lum1nar Tower 2 gone up or down?

Price per sqft has fallen -6.2% over the last 12 months, to AED 1,388, across 157 registered sales.