Luma21 in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Luma21

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	106	15,331	1,630,000

Rents in Luma21

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	43	1,131	49,000

The cap rate (rental yield) of investments into Luma21 project is 7.4% on average.

The price of an apartment in Luma21 is 15,331 AED/sqm on average.

The long term rent of an apartment in Luma21 is 1,131 AED/sqm/year on average.

Price for completed 2 bedroom apartment in Luma21 is 1,630,000 AED or 15,331 AED/sqm.

Rent for Studio apartment in Luma21 is 49,000 AED or 1,131 AED/sqm.

About Luma21

'Luma21' in 'Jumeirah Village Circle' area project description

Luma21 is a major real estate development project located in Dubai, United Arab Emirates. It is a mixed-use development that includes residential, commercial, and retail components. The project is being developed by the Dubai-based real estate developer, Meraas, and is part of the larger Dubai Creek Harbour development.

The project is located in the heart of Dubai Creek Harbour, a new waterfront destination that is being developed by Meraas. It is located just minutes away from Downtown Dubai and the Dubai International Financial Centre. The project is designed to be a vibrant and modern destination, with a focus on creating a unique and luxurious lifestyle experience.

The project consists of two residential towers, each with its own distinct design. The towers are connected by a sky bridge, and feature a variety of amenities, including a swimming pool, a gym, and a spa. The residential units range from studios to three-bedroom apartments, and feature modern interiors and high-end finishes.

The commercial component of the project consists of a variety of retail outlets, restaurants, and cafes. The retail outlets are spread across two levels and feature a variety of international and local brands. The restaurants and cafes are located on the ground level and offer a variety of cuisines.

The project also includes a variety of public spaces, such as a central plaza, a park, and a waterfront promenade. The plaza is designed to be a vibrant and interactive space, with a variety of events and activities taking place throughout the year. The park and promenade are designed to provide a relaxing and peaceful environment, with plenty of seating and green spaces.

Luma21 is an exciting new project that is sure to become a popular destination in Dubai. With its luxurious residential units, vibrant retail outlets, and public spaces, it is sure to become a sought-after destination for both locals and tourists alike.

Q&A on Luma21

What are the advantages of 'Luma21' project in Dubai for property buyers? What are the disadvantages?

1. Increased Transparency: Luma21 provides buyers with access to detailed information about properties, such as the location, size, and amenities, so that they can make informed decisions.

2. Reduced Risk: Luma21 helps buyers to reduce their risk by providing them with a secure platform to purchase properties.

3. Increased Convenience: Luma21 simplifies the process of searching for and purchasing properties, allowing buyers to quickly and easily find the perfect property for them.

4. Improved Accessibility: Luma21 provides buyers with access to properties that may not be available through traditional real estate channels.

5. Lower Costs: Luma21 helps buyers to save money by providing them with access to competitively priced properties.

What projects are better than 'Luma21' project in Dubai which are located close by, and why?

1. Belgravia III
- Developer Reputation: Ellington Properties are known for their high-quality developments.
- Amenities: High-end amenities including a well-equipped gym, swimming pool, and beautifully landscaped gardens.
- Unit Quality: Superior finishes and larger living spaces compared to many other developments.

2. Zaya Hameni
- Unique Design: Striking architectural design that stands out.
- Eco-Friendly Features: Incorporates sustainability-focused elements.
- Family-Oriented: Extensive family and children's facilities like play areas and a dedicated children's pool.

3. Bloom Heights
- Value for Money: Offers a good balance between price and quality.
- Community Feel: Multiple community amenities such as a multi-purpose hall, co-working space, and retail outlets.
- Proven Developer: Bloom Properties has a solid track record of delivering quality projects.

4. La Riviera Apartments
- High Rental Yields: Popular among investors due to favorable rental returns.
- Location Benefit: Centrally located within JVC, providing easy access to main roads.
- Smart Home Features: Integrated technology for modern living.

5. Signature Livings
- First Solar-Powered Development in JVC: Pioneering in sustainability and energy efficiency.
- Innovative Design: Utilizes smart space management and modern architecture.
- Green Spaces: Lush, landscaped green areas and rooftop gardens which promote a healthy living environment.

What are the closest schools to 'Luma21' project in Dubai?

GEMS Founders School is located in Al Barsha South, just a short drive from Jumeirah Village Circle (JVC).
Nord Anglia International School Dubai is situated in Al Barsha, offering an easy commute for JVC residents.
Sunmarke School is based in Jumeirah Village Triangle, neighboring the JVC area.
Dubai British School is located in the Springs, providing relatively close access to Jumeirah Village Circle.