Luma22 in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Luma22

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	117	14,534	1,700,000

Rents in Luma22

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	43	1,411	60,500
1	81	1,154	92,996
3	163	1,227	200,000

The cap rate (rental yield) of investments into Luma22 project is 8.5% on average.

The price of an apartment in Luma22 is 14,534 AED/sqm on average.

The long term rent of an apartment in Luma22 is 1,236 AED/sqm/year on average.

Price for completed 2 bedroom apartment in Luma22 is 1,700,000 AED or 14,534 AED/sqm.

Rent for Studio apartment in Luma22 is 60,500 AED or 1,411 AED/sqm.
Rent for 1 bedroom apartment in Luma22 is 92,996 AED or 1,154 AED/sqm.
Rent for 3 bedroom apartment in Luma22 is 200,000 AED or 1,227 AED/sqm.

About Luma22

'Luma22' in 'Jumeirah Village Circle' area project description

Luma22 is a contemporary residential development located in the bustling community of Jumeirah Village Circle (JVC) in Dubai. This project stands out for its innovative architecture, modern amenities, and strategic location, making it an attractive option for both investors and homebuyers.

Jumeirah Village Circle is known for its family-friendly environment, vibrant community feel, and easy access to Dubai’s major landmarks. Luma22 takes full advantage of this prime location, offering residents a balanced lifestyle with a mix of urban convenience and suburban tranquility. The development is close to major roads like Al Khail Road and Sheikh Mohammed Bin Zayed Road, facilitating easy commutes to key areas like Downtown Dubai, Dubai Marina, and Dubai International Airport.

Luma22 offers a variety of residential units, from elegantly designed studios to spacious two-bedroom apartments. Each unit is meticulously crafted, featuring high-quality finishes, open floor plans, and large windows that allow plenty of natural light to flood in. The interiors reflect a blend of modern aesthetics and functionality, providing a comfortable and luxurious living experience.

The project boasts a range of amenities aimed at enhancing the lifestyle of its residents. There is a state-of-the-art fitness center equipped with the latest workout machines, a swimming pool for relaxation and recreation, and beautifully landscaped gardens that offer a peaceful retreat from the hustle and bustle of the city. Additionally, Luma22 provides ample parking space, 24-hour security, and concierge services, ensuring the safety and convenience of the residents.

Another standout feature of Luma22 is its community-centric approach. The development includes communal spaces designed to foster interaction among residents. There are designated play areas for children, barbecue spots for family gatherings, and multi-purpose halls that can be used for various events and activities. This focus on community living aligns perfectly with the ethos of Jumeirah Village Circle, known for its friendly neighborhood vibe.

Shopping, dining, and entertainment options are plentiful around Luma22. The development is situated close to several supermarkets, retail outlets, cafes, and restaurants. Additionally, residents can enjoy the nearby parks and cycling tracks, adding to the lifestyle appeal of the location.

Overall, Luma22 in Jumeirah Village Circle offers a harmonious blend of modern living amenities, well-designed spaces, and a community-oriented environment, making it a desirable place to call home in Dubai.

Q&A on Luma22

Description of 'Luma22' project in Dubai for real estate buyers and renters

Luma22 is a contemporary residential development located in the rapidly growing area of Jumeirah Village Circle (JVC) in Dubai. This project epitomizes modern urban living, offering a blend of comfort, style, and convenience designed to meet the needs of both individuals and families.

Strategically located in JVC, Luma22 benefits from its proximity to key areas of Dubai, including Dubai Marina, Jumeirah Beach, Downtown Dubai, and major shopping and entertainment hubs. The easy access to Sheikh Zayed Road and Al Khail Road makes commuting effortless, further enhancing the desirability of this location.

Architecturally, Luma22 stands out with its sleek, modern design and high-quality finishes. The development features a mix of studio, one, two, and three-bedroom apartments, each thoughtfully designed to maximize space and natural light. The interiors are elegantly crafted, boasting open-plan layouts, floor-to-ceiling windows, and premium materials, promoting a sense of sophistication and luxury.

Residents of Luma22 enjoy a range of world-class amenities that cater to a variety of lifestyles. The project includes a state-of-the-art fitness center, a temperature-controlled swimming pool, separate children's play area, and beautifully landscaped gardens, offering a tranquil escape from the bustling city life. Additionally, there is a residents' lounge and multipurpose hall, perfect for social gatherings or business meetings.

Security and convenience are also paramount at Luma22. The development offers 24-hour security with advanced surveillance systems, dedicated parking spaces, and round-the-clock concierge services. The presence of retail outlets and cafes within the building adds a layer of convenience for residents, ensuring that their daily needs are met with ease.

The community atmosphere at Luma22 is vibrant and family-friendly, encouraging a sense of belonging and connectivity among residents. The nearby parks, walking and cycling trails, and community centers further enhance the lifestyle experience, making JVC a sought-after destination for those looking to enjoy a balanced and fulfilling lifestyle.

Environmental sustainability is a key focus at Luma22, with the project incorporating various green building practices and energy-efficient solutions. This commitment to sustainability not only reduces the environmental footprint but also ensures long-term savings for the residents in terms of utility costs.

Luma22 offers a distinctive blend of modern luxury, strategic location, and community-focused living. It is an ideal choice for those seeking a sophisticated urban lifestyle in one of Dubai's most dynamic and rapidly developing areas.

What are the advantages of 'Luma22' project in Dubai for property buyers? What are the disadvantages?

Advantages of Luma22 Project:

1. Prime Location: Located in Jumeirah Village Circle (JVC), Luma22 offers easy access to key areas in Dubai, including commercial hubs, shopping malls, and entertainment centers.

2. Modern Amenities: Equipped with high-end facilities such as a pool, fitness center, children’s play area, and landscaped gardens, ensuring a luxurious lifestyle for residents.

3. Investment Potential: JVC is a rapidly developing area, attracting investors with competitive property prices and strong rental yields.

4. Community Living: JVC is known for its friendly community atmosphere, with parks, schools, and healthcare facilities nearby, offering a good quality of life.

5. Design and Architecture: Contemporary design and spacious layouts cater to modern living requirements, appealing to both investors and end-users.

6. Developer Reputation: Luma22 is developed by a well-known and reputable developer, ensuring quality construction and timely delivery.

Disadvantages of Luma22 Project:

1. Construction Noise: As JVC is still under development, residents may experience noise and disruption from ongoing construction activities in the vicinity.

2. Traffic Congestion: Increasing population and ongoing developments in JVC can lead to traffic congestion, especially during peak hours.

3. Public Transport: Public transport options in JVC are still developing, which might be inconvenient for those relying on it extensively.

4. Market Competition: With numerous new projects in JVC, Luma22 faces stiff competition, which might affect rental demand and property appreciation rates.

5. Service Charges: Premium amenities often come with higher service charges, which can add to the overall cost of ownership.

6. Occupancy Rates: Initially, occupancy rates might be lower as the area continues to develop and attract more residents and businesses.

What projects are better than 'Luma22' project in Dubai which are located close by, and why?

1. Five Jumeirah Village
- Amenities: Offers a more luxurious set of amenities including private pools, floating bathtubs, and lush gardens.
- Design: Unique circular design provides panoramic views and more natural light.
- Brand: Managed by the renowned Five brand known for high-end hospitality and unique lifestyle offerings.

2. Belgravia Heights I & II
- Quality: High-quality finishes and contemporary design aesthetics.
- Community: Features landscaped gardens, a resort-style pool, and a social outdoor park for community events.
- Developer: Built by Ellington Properties, known for their focus on design and quality construction.

3. Bloom Heights
- Facilities: Includes two towers with a wealth of amenities such as jogging tracks, a health club, and retail spaces.
- Design: Modern and functional design with a focus on lifestyle and community.
- Developer: Developed by Bloom Properties, a reputable developer with a strong portfolio of successful projects.

4. Regalia Tower
- Luxury: Focuses on high-end finishes, smart home features, and top-tier amenities.
- Views: Offers unobstructed views of Dubai’s skyline and key landmarks.
- Amenities: Features include infinity pools, state-of-the-art gyms, and extensive leisure facilities.

5. The One at JVC
- Hotel-style Living: Provides hotel-like amenities including concierge services, housekeeping, and dining options.
- Investment Potential: High rental yields due to its appeal to both tourists and residents.
- Developer: Part of the Millennium Hotels brand, ensuring consistent quality and services.

6. Signature Livings
- Eco-friendly: Emphasizes sustainable living with energy-efficient designs and eco-friendly materials.
- Boutique Style: Smaller, more intimate community with personalized services.
- Architecture: Contemporary design that stands out in the JVC area.

7. Reef Residence
- Spacious Units: Larger living spaces compared to many other projects in JVC.
- Amenities: Includes a sky garden, large swimming pool, and a fully-equipped gym.
- Affordability: Competitive pricing with value-focused amenities.

These projects provide superior facilities, design, and quality that may offer better living and investment opportunities compared to the Luma22 project in Jumeirah Village Circle.

What are the closest schools to 'Luma22' project in Dubai?

JSS International School, located within Jumeirah Village Circle itself.
Nord Anglia International School Dubai, situated in Al Barsha South, around a 10-minute drive from Jumeirah Village Circle.
Sunmarke School, also located in Al Barsha South, approximately a 12-minute drive away.
GEMS Founders School, in Al Barsha, about a 15-minute drive from Jumeirah Village Circle.
Dubai British School, in Emirates Hills, roughly a 15-minute drive.

What are the closest medical clinics to 'Luma22' project in Dubai?

1. Karama Medical Center – JVC: Located within Jumeirah Village Circle, this clinic offers a range of medical services and general practice.
2. Magnum Gulf Medical Center: Situated in Al Khail Avenue Mall, which is close to Jumeirah Village Circle.
3. Mediclinic Me’aisem: Found in City Centre Me'aisem, this clinic provides various specialties and healthcare services.
4. Right Health Karama Medical Center JVC: Located within Jumeirah Village Circle, it offers comprehensive healthcare solutions.
5. Aster Clinic, Jumeirah Village Circle: Positioned conveniently within JVC on Al Khail Road.