Luma22
Townx Real Estate Development · Jumeirah Village Circle · 407 homes · Completed
A completed Townx Real Estate Development project in Jumeirah Village Circle: 407 homes, handed over in Sep 2024, on time against the Q3 2024 date on the register. Registered resales from Jul 2025 to Jun 2026 had a median of AED 1,515 per sqft, 34% above the launch quarter.
Updated 27 Oct 2026Prices. Quarter by quarter since launch.
Every quarter as a table
| Quarter | Median AED/sqft | Sales |
|---|---|---|
| Q1 2023 | 1,133 | 137 |
| Q2 2023 | 1,431 | 45 |
| Q3 2023 | 1,444 | 48 |
| Q4 2023 | 1,456 | 40 |
| Q1 2024 | 1,407 | 54 |
| Q2 2024 | 1,385 | 20 |
| Q3 2024 | 1,379 | 32 |
| Q4 2024 | 1,525 | 52 |
| Q1 2025 | 1,586 | 19 |
| Q2 2025 | 1,602 | 13 |
Median AED per sqft of registered sales, off-plan and ready, through Q3 2026. Quarters with fewer than 10 sales are left out. The launch quarter is the first quarter with 10 or more sales.
Promised vs delivered. Launch to today.
1% over the Jumeirah Village Circle median.
The promised date is the completion date declared on the Dubai Land Department register. A handover is dated by the first ready-market sale on the register, which trails the keys. The launch price is the launch quarter’s median of registered sales, not a brochure. Area medians are every registered home sale in the area, Jul 2025 to Jun 2026.
Questions.
When was Luma22 handed over?
In Sep 2024, when the first ready-market sale was registered. The register declared completion for Q3 2024, so it handed over on time.
What do homes in Luma22 sell for?
From Jul 2025 to Jun 2026, 23 homes sold on the register at a median of AED 1,515 per sqft and AED 945K per home. By unit type: Studio AED 750K (11 sales), 1 BR AED 1.09M (9 sales). These are registered deeds, not the developer's price list.
Who built Luma22?
Townx Real Estate Development. The project is registered to Townx Real Estate Development on the Dubai Land Department register, which lists 6 projects for the developer in Dubai, 2 of them under construction.
How many homes are in Luma22?
407, as counted on the Dubai Land Department register. The declared mix: 229 studios, 142 1 BR, 27 2 BR, 9 3 BR.
