Luma21
Properties for Sale in

Luma21

About the Project

595,000 AED Starting Price from
1-3BR Available Units
422 Area from
(sq. ft.)
2023 Q2 Handover

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.

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Property Information

Floor Plans of Luman 21

Property Prices

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). There is also an opportunity to avail a payment plan from the developer, with a 10% down payment and then pay 50% of the purchase price after the building is completed.

Payment Plan

10% Down Payment
10% Signing of SPA
15% 30% Construction
15% 50% Construction
50% April 2023

Location

Luma21 is located in Jumeirah Village Circle (JVC) and has easy access to the E44 road (Al Khail Road, Ras Al Khor Road, Al Aweer Road, Dubai-Hatta Highway). Residents of the development can easily get to any corner of Dubai, which means it will take about 30 minutes to get from Luma21 to Business Bay, Downtown Dubai, Dubai Marina and Dubai International Airport.

Jumeirah Village Circle is one of the most family-friendly communities in the city, and as a result, residents can easily find a wide range of educational institutions here, including:

  • Kids World Nursery JVC and Little Wonders Nursery JVC are less than a 10-minute drive.
  • JSS International School which follows the curriculum by the Indian Certificate of Secondary Education (ICSE), Sunmarke School with a British curriculum, and Dubai Schools Al Barsha offering an American curriculum, are less than a 20-minute drive from Luma21.

In terms of healthcare, Right Health Karama Medical Center, which offers general medical services, and Apex Dental & Orthodontic Clinic JVC are the closest options, and takes just 10-minutes to get to both destinations from the residential development. Emirates Hospital Day Surgery & Medical Center in Motor City is a 20-minute drive away.

Residents of Luma21 can easily reach several shopping malls, to get their retail fix. Travel time to Circle Mall will take only 10 minutes, and is where one can find 80 retail stores, 40 F&B options, a 60,000 sq.ft gym space, a swimming pool with programmes for children and adults, and much more. The more famous shopping destinations of Mall of the Emirates and The Dubai Mall can be reached within a 30-minute drive from Luma21.

Among the nearest beaches that are located within a 30-minute drive of the development are Kite Beach and JBR Beach. It takes just 15 minutes to get from the residential development to Dubai Miracle Garden, which is one of the most popular attractions in Dubai. This is the largest flower garden in the world where visitors can see over 50 million flowers. Dubai Butterfly Garden, which houses more than 50,000 butterflies from 50 different categories, can also be reached within the same distance.

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Economic Appeal

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.

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