Luma Park Views in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for off-plan (pre registration and delayed sell) properties in Luma Park Views

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	82	16,620	1,368,827
2	120	18,197	2,192,139
3	121	20,323	2,464,605

Sales prices for completed properties in Luma Park Views

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	79	15,065	1,184,288
2	121	16,036	1,934,894
3	147	16,514	2,427,851

Rents in Luma Park Views

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	74	1,189	88,000

The cap rate (rental yield) of investments into Luma Park Views project is 7.4% on average.

The price of an apartment in Luma Park Views is 16,607 AED/sqm on average.

The long term rent of an apartment in Luma Park Views is 1,189 AED/sqm/year on average.

Price for off-plan 1 bedroom apartment in Luma Park Views is 1,368,827 AED or 16,620 AED/sqm.
Price for off-plan 2 bedroom apartment in Luma Park Views is 2,192,139 AED or 18,197 AED/sqm.
Price for off-plan 3 bedroom apartment in Luma Park Views is 2,464,605 AED or 20,323 AED/sqm.

Price for completed 1 bedroom apartment in Luma Park Views is 1,184,288 AED or 15,065 AED/sqm.
Price for completed 2 bedroom apartment in Luma Park Views is 1,934,894 AED or 16,036 AED/sqm.
Price for completed 3 bedroom apartment in Luma Park Views is 2,427,851 AED or 16,514 AED/sqm.

Rent for 1 bedroom apartment in Luma Park Views is 88,000 AED or 1,189 AED/sqm.

About Luma Park Views

'Luma Park Views' in 'Jumeirah Village Circle' area project description

Located in the heart of Jumeirah Village Circle (JVC), Luma Park Views stands as a modern cornerstone in Dubai's vibrant real estate landscape. This project is a quintessential representation of contemporary urban living, blending cutting-edge architecture with the serene ambiance that JVC is known for. Luma Park Views is designed to offer residents a dynamic lifestyle, characterized by convenience, luxury, and community.

The development is composed of several residential units, including one, two, and three-bedroom apartments, catering to the diverse needs of both individuals and families. Each unit is meticulously designed with high-quality finishes and modern amenities that emphasize comfort and style. Large windows and thoughtfully planned layouts ensure that residents can enjoy ample natural light and scenic views of the surroundings, which include lush green parks and well-manicured landscapes.

A standout feature of Luma Park Views is its commitment to promoting a balanced lifestyle. The project incorporates a range of recreational and health-focused facilities. There is a fully equipped gymnasium and a rooftop swimming pool that provides a perfect escape for relaxation and exercise. For families with children, the development includes a dedicated children's play area, ensuring that younger residents have their own space to engage and thrive.

The green spaces surrounding Luma Park Views are particularly noteworthy. JVC is already renowned for its emphasis on greenery and communal areas, and Luma Park Views enhances this with beautifully landscaped gardens and park views that create a tranquil living environment. Walking paths and seating areas are strategically placed to encourage outdoor activities and social interactions among residents.

In terms of accessibility, Luma Park Views is strategically located. JVC provides easy access to some of Dubai's key destinations, including business hubs like Dubai Media City, Internet City, and Jebel Ali, as well as major shopping and entertainment centers such as Mall of the Emirates and Dubai Marina. Public transportation links and major road networks like Sheikh Mohammed Bin Zayed Road ensure that commuting is hassle-free.

Retail shops, cafes, and restaurants within the development or in close proximity provide residents with all the necessities and conveniences of urban living without sacrificing the community-centric feel of the neighborhood. Security is a top priority, with 24/7 surveillance and a dedicated concierge service to address resident needs and concerns.

In summary, Luma Park Views in Jumeirah Village Circle represents a harmonious blend of luxury, convenience, and community. It’s an ideal choice for those seeking a sophisticated lifestyle within a vibrant and growing area of Dubai.

Q&A on Luma Park Views

What are the advantages of 'Luma Park Views' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location: Situated in Jumeirah Village Circle (JVC), a strategic location that offers quick access to key areas like Dubai Marina, Mall of the Emirates, and Downtown Dubai.
2. Community Lifestyle: JVC is a well-planned community with parks, schools, healthcare facilities, and retail outlets, providing a self-sufficient environment.
3. High ROI: Properties in JVC tend to offer high rental yields, making it an attractive investment opportunity.
4. Modern Amenities: 'Luma Park Views' is likely to feature contemporary amenities such as swimming pools, fitness centers, and landscaped gardens.
5. Family-Friendly: The project is expected to be family-oriented, with play areas and parks, making it suitable for families.
6. Accessibility: Good road connectivity with major highways like Sheikh Mohammed Bin Zayed Road and Al Khail Road.
7. Affordable Luxury: Compared to other upscale communities in Dubai, JVC offers a more affordable option without compromising on quality and lifestyle.
8. Future Growth: JVC is continually developing, with ongoing infrastructure projects that could potentially increase property values over time.

Disadvantages:

1. Traffic Congestion: As JVC continues to grow, traffic congestion can be an issue, particularly during peak hours.
2. Construction: Ongoing development in and around JVC might lead to noise and inconvenience for residents.
3. Public Transportation: Limited public transportation options compared to more developed areas like Downtown or Dubai Marina, making car ownership almost necessary.
4. Market Saturation: High supply of similar properties in JVC could affect rental income and capital appreciation.
5. Amenities Completion: Depending on project timelines, some amenities might not be immediately available upon moving in.
6. Mixed-use Nature: The mixed-use nature of JVC means there could be construction of commercial buildings close to residential areas, affecting views and noise levels.
7. Resale Value: Given the saturation, reselling the property might take longer or might not yield the expected return quickly.

These factors can help property buyers weigh their options when considering an investment in 'Luma Park Views' at Jumeirah Village Circle.

What projects are better than 'Luma Park Views' project in Dubai which are located close by, and why?

Five projects often considered superior to 'Luma Park Views' in Jumeirah Village Circle (JVC) include:

1. Belgravia by Ellington Properties
- High-quality construction with modern, contemporary designs.
- Superior amenities including a well-equipped gym, swimming pools, and landscaped gardens.
- Strong reputation for timely delivery and excellent maintenance services.

2. Five Jumeirah Village
- Luxurious hotel and residential complex with upscale amenities.
- Private pool and jacuzzi options are available in many units.
- Offers extensive dining, wellness, and entertainment facilities.

3. Bloom Towers by Bloom Properties
- Striking architectural design with panoramic views of the city.
- Comprehensive facilities including state-of-the-art gyms, leisure and lap pools, and a co-working space.
- Good track record of Bloom Properties in residential projects.

4. Rigel Apartments by Myra Properties
- A blend of affordability and quality with spacious unit layouts.
- Extensive community amenities such as landscaped parks, retail spaces, and fitness centers.
- Reliable construction quality with a strong focus on modern, functional living spaces.

5. Residence 1 & 2 by Shamal
- Unique townhouse-style residences offering privacy and luxury.
- High-end finishing materials and designer fixtures throughout the units.
- Enhanced community living with dedicated parking, playgrounds, and green spaces.

These projects are highly praised for their construction quality, amenities, location advantages, and overall lifestyle offerings.

What are the closest schools to 'Luma Park Views' project in Dubai?

1. JSS International School
- Location: Inside Jumeirah Village Circle (JVC)

2. Sunmarke School
- Location: District 5, Jumeirah Village Triangle (Adjacent to JVC)

3. GEMS Founders School - Al Barsha
- Location: Al Barsha South, Near Dubailand

4. Nord Anglia International School Dubai
- Location: Al Barsha 3, Near Sheikh Zayed Road

5. Arcadia School
- Location: Jumeirah Village Triangle (Adjacent to JVC)

What are the closest medical clinics to 'Luma Park Views' project in Dubai?

1. Karama Medical Centre Jumeirah Village Circle (JVC)
Location: Y-12 Building, Shop 1, District 12, Jumeirah Village Circle, Dubai

2. Apex Medical and Dental Clinics
Location: API Trio Tower, Sheikh Zayed Road, Al Barsha, Dubai

3. Mediclinic Parkview Hospital
Location: Umm Suqeim Road (opposite Arabian Ranches), Al Barsha South, Dubai

4. Right Health Karama Medical Centre
Location: Prime Business Centre, Jumeirah Village Circle, Dubai

5. Emirates Hospital Day Surgery & Medical Center, Motor City
Location: Detroit House, Motor City, Dubai

6. Aster Clinic, Al Barsha
Location: Near Mall of the Emirates, Al Barsha 1, Dubai