Market bulletin · Thu, 22 Oct 2026
Luma Park Views: median AED 1,472/sqft, up 1.7% over three months on 37 sales
Luma Park Views recorded 7 sales worth AED 9.75M in the 30 days to Thu, 22 Oct 2026, down 22.2% on the previous 30 days. Over the last week 2 sales were registered (AED 2.57M), against 0 the week before.
The median sale over the last three months was AED 1.27M, or AED 1,472/sqft — like-for-like prices per sqft up 1.7% on the previous three months. Monthly medians over the past year ranged from AED 1,431/sqft to AED 1,756/sqft.
By market over 12 months: developer off-plan sales 12.8%, off-plan resales 0.4%, secondary (ready) sales 86.8%.
In Jumeirah Village Circle, Luma Park Views ranked #3 of 11 leading projects by 12-month sales value; it is developed by TownX Real Estate Development. Its first registered sale was on 30 August 2023.
Leases registered in the last three months had a median annual rent of AED 80K; like-for-like rent per sqft is up 3.7% on the previous three months. The best gross yield is on 2 BR apartments at about 7.2%.
Median AED/sqft
Monthly median of all registered sales
View data table
| Date | AED/sqft |
|---|---|
| Oct 26 | — |
| Sept 26 | AED 1,502 |
| Aug 26 | AED 1,443 |
| Jul 26 | AED 1,431 |
| Jun 26 | AED 1,476 |
| May 26 | AED 1,756 |
| Apr 26 | AED 1,743 |
| Mar 26 | — |
| Feb 26 | AED 1,649 |
| Jan 26 | AED 1,671 |
| Dec 25 | AED 1,541 |
| Nov 25 | AED 1,669 |
| Oct 25 | AED 1,565 |
| Sept 25 | AED 1,516 |
| Aug 25 | AED 1,521 |
| Jul 25 | AED 1,549 |
| Jun 25 | AED 1,557 |
| May 25 | AED 1,497 |
| Apr 25 | AED 1,509 |
| Mar 25 | AED 1,530 |
| Feb 25 | AED 1,494 |
| Jan 25 | AED 1,499 |
| Dec 24 | AED 1,440 |
| Nov 24 | AED 1,398 |
Off-plan vs resale vs secondary
Monthly median AED/sqft by market (months with 10+ sales)
View data table
| Date | Off-plan (developer) | Secondary (ready) |
|---|---|---|
| Oct 26 | — | — |
| Sept 26 | — | AED 1,502 |
| Aug 26 | — | AED 1,443 |
| Jul 26 | — | AED 1,431 |
| Jun 26 | — | — |
| May 26 | — | — |
| Apr 26 | — | — |
| Mar 26 | — | — |
| Feb 26 | — | AED 1,649 |
| Jan 26 | — | AED 1,671 |
| Dec 25 | — | AED 1,541 |
| Nov 25 | AED 1,679 | — |
| Oct 25 | AED 1,565 | — |
| Sept 25 | AED 1,516 | — |
| Aug 25 | AED 1,521 | — |
| Jul 25 | AED 1,549 | — |
| Jun 25 | AED 1,557 | — |
| May 25 | AED 1,492 | — |
| Apr 25 | AED 1,509 | — |
| Mar 25 | AED 1,530 | — |
| Feb 25 | AED 1,494 | — |
| Jan 25 | AED 1,499 | — |
| Dec 24 | — | — |
| Nov 24 | AED 1,398 | — |
Sales per month
Registered sales by market
View data table
| Date | Off-plan (developer) | Off-plan resale | Secondary (ready) |
|---|---|---|---|
| Oct 26 | 0 | 0 | 2 |
| Sept 26 | 0 | 0 | 10 |
| Aug 26 | 0 | 0 | 21 |
| Jul 26 | 0 | 0 | 15 |
| Jun 26 | 0 | 0 | 8 |
| May 26 | 0 | 0 | 7 |
| Apr 26 | 0 | 0 | 6 |
| Mar 26 | 0 | 0 | 4 |
| Feb 26 | 0 | 0 | 15 |
| Jan 26 | 0 | 0 | 29 |
| Dec 25 | 0 | 0 | 80 |
| Nov 25 | 18 | 1 | 0 |
Period comparison
This market against its own past: each window vs the one before it and vs the same window a year earlier.
| Window | Sales | vs prior | Value | AED/sqft | vs prior |
|---|---|---|---|---|---|
| Last 1 month | 7 | down 22.2% | AED 9.75M | 1,534 | up 4.2% |
| Last 3 months | 37 | up 42.3% | AED 56.1M | 1,472 | down 0.3% |
| Last 6 months | 63 | down 60.1% | AED 98.5M | 1,472 | down 9.1% |
| Last 12 months | 227 | up 23.4% | AED 358M | 1,605 | up 6.1% |
Raw medians — the headline change above is like-for-like (same market, type and bedrooms).
| Market | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Off-plan (developer) | 29 | 13% | AED 1.40M | 1,621 | up 7.1% |
| Off-plan resale | 1 | 0% | — | — | — |
| Secondary (ready) | 197 | 87% | AED 1.37M | 1,598 | — |
| Bedrooms | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| 1 bedroom | 165 | 73% | AED 1.34M | 1,564 | up 3.9% |
| 2 bedrooms | 30 | 13% | AED 2.12M | 1,620 | up 8.1% |
| 3 bedrooms | 32 | 14% | AED 2.43M | 1,852 | up 19.6% |
| Price | Sales | Share | Median price | AED/sqft | 1Y |
|---|---|---|---|---|---|
| Under AED 2M | 176 | 78% | AED 1.35M | 1,558 | up 4.1% |
| AED 2M–10M | 51 | 22% | AED 2.30M | 1,775 | up 10.0% |
Rents & yields
Leases registered with Ejari / DLD.
Median annual rent
Monthly median of registered leases (new and renewed)
View data table
| Date | Annual rent |
|---|---|
| Oct 26 | AED 80K |
| Sept 26 | AED 85K |
| Aug 26 | AED 80K |
| Jul 26 | AED 75K |
| Jun 26 | AED 78K |
| May 26 | AED 80K |
| Apr 26 | AED 88K |
| Mar 26 | AED 91K |
| Feb 26 | AED 100K |
| Jan 26 | AED 100K |
| Dec 25 | — |
- Leases (12M)
- 397
- New leases
- 99.7%
- Median rent 3M
- AED 80K
- Rent/sqft 3M
- AED 95
| 1 BR apartments | AED 80K / AED 1.33M | 6.0% |
|---|---|---|
| 2 BR apartments | AED 145K / AED 2.00M | 7.2% |
| 3 BR apartments | AED 155K / AED 2.44M | 6.4% |
| Bedrooms | Leases | Median rent | New leases | AED/sqft/yr |
|---|---|---|---|---|
| 1 BR | 192 | AED 80K | AED 80K | 96 |
| 2 BR | 17 | AED 145K | AED 145K | 116 |
| 3 BR | 17 | AED 155K | AED 155K | 114 |
Competing projects in Jumeirah Village Circle
CompareOther projects trading in the same community
| Name | Sales 12M | AED/sqft | 3M |
|---|---|---|---|
| Binghatti AmberhallBinghatti | 406 | 1,695 | — |
| Serenz Tower ADanube Properties | 332 | 2,316 | up 5.6% |
| Binghatti RubyBinghatti | 165 | 1,649 | — |
| The WeaveThe Weave Real Estate Development | 168 | 1,765 | — |
| Binghatti Royale JVCBinghatti | 111 | 2,396 | — |
| Binghatti ApexBinghatti | 202 | 1,422 | down 3.4% |
| 311 BoulevardBam Eskan Real Estate Development | 134 | 1,365 | — |
| Pearl House 4Imtiaz Real Estate Investment And Development | 138 | 1,455 | — |
| Binghatti CircleBinghatti | 151 | 1,725 | — |
| Stax TowerPasha One Real Estate Development | 154 | 1,456 | down 0.3% |
Biggest sales, last 3 months
| Price | Property | Date |
|---|---|---|
| AED 3.20M | 3 BR Apartment · 1,700 sqftLuma Park Views · Jumeirah Village Circle | 10 Sept |
| AED 2.30M | 3 BR Apartment · 1,312 sqftLuma Park Views · Jumeirah Village Circle | 12 Sept |
| AED 2.28M | 3 BR Apartment · 1,309 sqftLuma Park Views · Jumeirah Village Circle | 30 Jul |
| AED 2.21M | 2 BR Apartment · 1,245 sqftLuma Park Views · Jumeirah Village Circle | 25 Sept |
| AED 2.12M | 3 BR Apartment · 1,310 sqftLuma Park Views · Jumeirah Village Circle | 3 Aug |
| AED 2.02M | 2 BR Apartment · 1,266 sqftLuma Park Views · Jumeirah Village Circle | 26 Aug |
Questions about Luma Park Views
What is the average price per sqft in Luma Park Views?
The median sale price in Luma Park Views over the last three months was AED 1,472 per sqft (median sale AED 1.27M), based on 37 sales registered with Dubai Land Department.
How many properties were sold in Luma Park Views in the last year?
227 sales worth AED 358M were registered in the last 12 months: 13% developer off-plan, 0% off-plan resales and 87% secondary (ready) sales.
What is the average rent in Luma Park Views?
The median annual rent on leases registered in the last three months was AED 80K, and the best gross rental yield is about 7.2%.
Source: Dubai Land Department registrations, data through Thu, 22 Oct 2026. Medians need at least five sales; like-for-like changes compare the same market, property type and bedroom count. DLD files townhouses as villas — we split them out where the project or unit name says townhouse.
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