Luma21

Luma21 is a new project by TownX Development, a boutique developer that is based in Dubai, and has already delivered many residential projects across the emirate including Easy18, Easy19 and East40.

Luma21, launched in Q3 2021, is a 5-storey residential development that offers four types of apartments ideal for both professionals and families with children. Potential buyers and investors can choose the unit of their dreams from a collection of studios and 1-3 bedroom apartments with living areas ranging from 489 sq.ft to 1,264 sq.ft. All units are fairly spacious and are provided with all the necessary features one would expect from a high-end developer. Each unit has a balcony where one can relax after a tiring day, whilst each bedroom includes an en-suite bathroom in 2-3 bedroom apartments.

Residents of Luma21 will provide maximum comfort and an unforgettable experience for its owners, including amazing views of the surrounding luscious gardens from the bedroom windows and the floor-to-ceiling panoramic windows, guaranteeing maximum natural light. Concierge services, as well as security will be available to all residents 24/7, and the modern lobby is an ideal place to wait for your guests or meet with your family.

There is definitely no time for boredom in Luma21, as those living in this residential complex will have a unique opportunity to walk around a podium garden located on the territory of the community. Parents will also appreciate a children’s playground as part of the podium as well. Residents can enjoy gorgeous views of the Dubai skyline from the communal rooftop swimming pool, and those who are into sports will appreciate the on-site gym with state-of-the-art fitness equipment, with a seperate area for men and women.

Due to the fact that Luma21 is located in a freehold property zone both locals and foreigners have the right to obtain a unit in this unique residential building. The price of a 1-bedroom apartment with an area of 700 sq.ft starts from AED 595,000 (USD 162,000).

Obtaining an apartment in Luma21 is the perfect option for those who wish to experience a quiet lifestyle in Dubai, but whilst also having the opportunity to get to any corner of the emirate in several minutes. Families with children may be interested in Luma21 due to the wide range of educational institutions located nearby, while business professionals will appreciate its close proximity to Downtown Dubai.

What makes Luma 21 attractive, is the fact that it’s a low-rise residential building where it shouldn’t ever be too noisy. Residents can relax in the podium garden, or in the rooftop swimming pool, and are provided with concierge services 24/7.

Obtaining a unit in Luma21 may be a good investment for those wanting a stable income, as a 1-bedroom apartment in Jumeirah Village Circle can be rented out for AED 30,000 (USD 8,200) per year. The ROI in the area is from 6.2%. The estimated date of delivery of the project is April 1, 2023.