Luma Park Views
✓ Resale Available

Luma Park Views

From AED 1.50M·Completed Jun 2025·100% down payment Payment
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AED 1.50M
Starting Price
Jun 2025
Handover
100% down payment
Payment Plan
1 BR · 2 BR
Type

Project Overview

Luma Park Views is a magnificent residential complex consisting of a ground floor, four podium levels and nineteen residential floors. The building is designed with high-quality finishing materials, which reflects the desire for excellence. For sale in the complex are luxury apartments with 1-3 bedrooms. Residents of Luma Park Views enjoy a number of exceptional amenities. The complex has two spacious swimming pools, two modern gyms and an internal garden where you can relax. There is also a jogging track and a play area for children. Beautiful landscaped gardens and various recreational areas add charm and tranquility. Located in the heart of Jumeirah Village Circle (JVC), Luma Park Views offers a premium location in Dubai, where the tranquility of nature is combined with the convenience of city life. Residents can enjoy stunning views of lush green parks and immaculately landscaped grounds, creating a peaceful retreat amidst the vibrant urban atmosphere. In the immediate vicinity of the complex, residents can find various attractions, including Circle Mall in 5 minutes, Dubai Miracle Garden in 10 minutes, Mall of the Emirates in 15 minutes, Palm Jumeirah in 18 minutes, Dubai Marina in 20 minutes and Skydive Dubai in 25 minutes.

Project Specifications
DeveloperTownX Development
LocationJumeirah Village Circle (JVC)
Unit Types1 BR, 2 BR, 3 BR, Apartments
AreaJumeirah Village Circle (JVC)
Ownershipfreehold
Est. ROIContact Astraterra for area-specific ROI guidance

Investor Return Snapshot

Base-case underwriting using Astraterra's current Dubai assumptions: 65/35 debt/equity, 5.5% debt cost, 4% vacancy, 5% management, 1.2% service charge proxy, and 7% annual appreciation. For a live bespoke model, use our financial analysis calculator.

Projected Cap Rate
4.3%
NOI AED 64,682 / year
Cash-on-Cash
1.8%
Levered cashflow AED 15,215
Base-Case IRR
10.3%
5-year hold, levered
Payback Period
16.4 yrs
Gross rent AED 97,435 / year

Comparable Sales Context

Indicative pricing context built from current area benchmarks so buyers can anchor this launch against ready stock, premium peer launches, and trophy alternatives.

BenchmarkAED / sq ftIndicative TicketContext
Luma Park Views launch basis1,666AED 1.50MCurrent launch / asking basis
Jumeirah Village Circle (JVC) ready-stock comps1,050AED 945,000Indicative resale benchmark
Jumeirah Village Circle (JVC) premium peer launches1,300AED 1.17MNew-launch peer set
Trophy alternative proxy1,500AED 1.35MHigher-end anchor for negotiation context

Gallery

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Luma Park Views official render 1

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Astraterra Properties

Official Documents

Download official marketing materials from TownX Development.

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Payment Structure

100% down payment

Flexible Payment

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Amenities & Lifestyle

Concierge Service
Covered Parking
Dining outlets (coffee houses & restaurants)
Kids Play Area
Landscaped garden
Leisure areas
Lift
Lobby
Recreational areas
Retail outlets
Security and CCTV
Shared Pool
Shared gym & fitness

Location

Jumeirah Village Circle (JVC)

Nearby Destinations

Dubai Mall — 20 mins
Dubai International Airport — 25 mins
Downtown Dubai — 15 mins
Sheikh Zayed Road — 10 mins
Jumeirah Village Circle (JVC)Jumeirah Village Circle (JVC)Dubai, UAE

Developer Track Record

01

Luma Park Views by TownX Development

02

Located in Jumeirah Village Circle (JVC)

03

Starting from AED 1,499,000

04

Unit mix includes 1 BR, 2 BR, 3 BR, Apartments

05

Expected handover: Jun 2025

06

Official brochure and PDF marketing materials available

07

Official render/gallery images available

Available for Resale

Ready-to-move units · Direct from owner · Verified by Astraterra

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