Luma Park Views by TownX

Dubai, United Arab Emirates

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Price from

≈ $353,764AED 1,299,200Rate as of 2026-08-30

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

AED 17,122 / m²

cheaper than 65% of city projects

-13% vs the city median (Dubai), sample of 371 projects

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Data verified Aug 8, 2026price source: developer partner networkupdated 22 days ago

Properties

Condominium

Area

74 - 159 m²

Bedrooms

1 - 3

Readiness

Under construction

Available

6 of 6

Dry season

Jul, Aug, Oct

Is this expensive for the city

$4,662per m²cheaper than 65% of city projects

Median $5,369
$2,548$57,363

-13% vs the city median (Dubai), sample of 371 projects

Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

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What it really costs

Payment plan

  1. Step 1

    On booking

    20%

    $70,753

  2. Step 2

    Tax

    4%

    $14,151

  3. Step 3

    On transfer

    80%

    $283,012

Total$353,764

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

$340$5,310

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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40%100%
0%20%
Monthly income

$1,347

Annual income

$16,169

Gross yield

5.7%

Net yield

4.6%

Value in 5 years

$473,417

5-year ROI

57%

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Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

When is the season here

Driest months: Jul, Aug, Oct

Wettest months: Jan, Mar, Dec

Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.

Rainfall, mm per monthTemperature, °C
Monthly climate normal: temperature and rainfall
MonthTemperature, °CRainfall, mm
Jan20.117
Feb20.88
Mar23.316
Apr26.99
May30.74
Jun33.14
Jul35.01
Aug35.41
Sep33.52
Oct30.71
Nov26.58
Dec22.514

Source: NASA POWER, climate normal (2001-2020). Grid node 25.1, 55.2. This is a multi-year normal, not a weather forecast.

About the project

Properties

Condominium

Status

Under construction

Total units

6

Available

6

Area

74 - 159 m²

Description

One building, six units: that is the entire scale of Luma Park Views by TownX, a condo development in Dubai built by TownX Real Estate Development. The project is currently under construction, and all six units remain available, with layouts ranging from one to three bedrooms.

Unit sizes start at 74.09 sqm and go up to 158.99 sqm, covering everything from smaller one-bedroom layouts to larger three-bedroom units. Prices begin at AED 1,299,200 and reach AED 3,999,000, with an average price per square meter of AED 17,535. Because the size range is wide, a buyer's price per unit will vary substantially depending on which layout and floor area is chosen.

The development sits in the Dubai region, in the UAE. TownX Real Estate Development is the developer behind the project. With a single building on site, the project is smaller in physical footprint than multi-building developments in the same city.

As construction is still underway, buyers are entering at the pre-completion stage. With all six units still on the market, the full range of layouts and sizes remains open to choose from.

Location

Dubai, United Arab Emirates

Market context

Apartment prices

20%

Villa prices

29%

Residential transactions

56,723transactions

+16% YoY

Average apartment rent

AED 107,000

+8.5% YoY

Price per sqm

AED 1,600

+8% YoY

Dubai’s residential property prices continued to rise in 2025, with apartments up 20% and villas up 29% year‑on‑year, while transaction activity grew 16% to over 56,000 deals. Rental growth has moderated, with average apartment rents increasing about 8.5% and the market moving toward a more balanced supply‑demand dynamic. Strong economic fundamentals, the Golden Visa programme and sustained interest from high‑net‑worth investors keep foreign‑buyer demand robust.

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