Luma 22 | Blending Luxury and Sustainability in Jumeirah Village Circle

Luma 22 | Blending Luxury and Sustainability in Jumeirah Village Circle

Currently being developed by Town X, the “Luma 22” project is an integrated residential complex comprising 5 floors located in Jumeirah Village Circle, Dubai, with an expected completion in the third quarter of 2024. The project consists of studios and apartments ranging from one to three bedrooms, with diverse floor plans ranging from 414 square feet to 1715 square feet.

Modern Design and Distinctive Facade:

Luma 22 residences blend modern and neutral styles, combining natural colors. The building’s facade features extended floor-to-ceiling windows, adding an attractive touch to the project.

Advanced Interior Features and Layouts:

Kitchens and living rooms are designed to maximize space using colors and focusing on functional performance. Features include open kitchens with hidden appliances, strategically placed dining tables, and comfortable living spaces around large windows.

High-level Amenities:

• Rooftop swimming pool with sun loungers
• Private inner courtyard garden with relaxation areas
• Children’s play area
• Gym with separate facilities for men and women
• Spacious and decorated lobby lounge
• Reception and guidance services.

“Luma 22” allows residents to enjoy luxury and sophisticated facilities in a sustainable and comfortable residential environment.

Project Details:

• Location: Jumeirah Village Circle, Dubai
• Project Status: Under construction
• Number of Buildings: One
• 5 floors
• Project Type: Residential units
• Unit Types: From 0+1 to 3+1
• Starting area: 414 square feet
• Starting price: $171,800
• Payment Plan: Initial payment upon booking and the rest upon delivery
• Delivery Time: 2024.

Real Estate Prices and Strategic Location

Prices:

As of June 2023, the initial price for a studio in the Luma 22 complex is around AED 630,000 ($171,500), while the price for a one-bedroom apartment reaches AED 946,000 ($257,500).

Location:

Luma 22 project is located in the 10th district of Jumeirah Village Circle, a highly sought-after and developed area. The project’s location is ideal for young families, couples, and busy professionals. The complex is easily connected to Al Khail Road, facilitating hassle-free travel and quick access to commercial centers.

Infrastructure and Services:

• Commercial outlets: Shuitramz Manhattan Tower, Mart, Viva Supermarket, Spinneys, Springs Souk.
• Food and beverages: Deekan Delight, Lake View, Socialicious, Tim Hortons, Papa Murphy’s.
• Medical facilities: Mediclinic Parkview Hospital, Right Health Karama Medical Center, Burjeel Advanced Surgery Hospital Dubai.
• Educational facilities: Kids World Nursery, Nord Anglia International School, The Indian International School in Dubai.
• Beaches: Safa Beach, Jumeirah Beach.

Luxury and Entertainment:

• Ras Al Khor Wildlife Sanctuary, Motiongate Dubai, Jebel Ali, Downtown Dubai.
• Recreational and sports facilities in the 10th district.
• Access to Dubai International Airport within 15-30 minutes by car.

With these facilities and a prime location, the Luma 22 project offers an ideal residential opportunity that combines comfort and luxury in the heart of Jumeirah Village Circle.

The Economic Attraction of the Luma 22 Project in Jumeirah Village Circle

The Luma 22 complex provides distinctive investment and residential opportunities for its residents, offering numerous amenities and economic benefits in Jumeirah Village Circle. These aspects include:

Residential Environment:

• Walking and jogging tracks: Encouraging physical activity and enjoying green surroundings.
• Nursery facilities: Providing comfort for parents and childcare services.
• Educational and medical facilities: Easy access to schools and hospitals.

Central Location:

• Proximity to prominent landmarks: Near the junction of Jumeirah Village, Emirates Hills, South Barsha, and Downtown Dubai.
• Easy mobility: The complex’s presence in a quiet area with advanced infrastructure enhances convenience and easy communication in the region.

Economic Benefits:

• Desired average annual rent: Approximately AED 49,000 ($13,300) for one-bedroom apartments as of the second quarter of 2023.
• High return on investment: Expected to be around 6.7%, making the area attractive for investors.

Investment and Visa:

• Investor Visa: Property owners can obtain a two-year visa after investing AED 750,000 ($204,000) in the Luma 22 complex.
• Golden Family Visa: When the property value reaches or exceeds AED 2 million ($545,000), long-term visa holders can invite family members and local employees.

• With these benefits, the Luma 22 project is considered an ideal residential and investment choice in the heart of Jumeirah Village Circle.