Luma 22 Property Development By TOWNX REAL ESTATE DEVELOPMENT

Discover the latest in luxury residential living with the Luma 22 Property Development by TOWNX Real Estate Development. Nestled within the vibrant Jumeirah Village Circle (JVC) in Dubai, this innovative property development promises a stunning five-story residential building that comprises an array of studio, one-, two-, and three-bedroom apartments. Each unit has been crafted with a focus on comfort and style, contributing to a contemporary lifestyle amidst a thriving community. Completion is slated for September 2024, making Luma 22 an excellent opportunity for those seeking modern design architecture coupled with a rich array of amenities.

Positioned strategically, Luma 22 enhances its appeal with close proximity to various parks, beaches, and entertainment options, providing an exceptional investment prospect with expected high returns, especially in a flourishing market where the average ROI stands at approximately 8.4%¹. To explore more about this exquisite property, visit Luma 22 Property Development.

Key Takeaways

• Luma 22 offers a mix of studio to three-bedroom apartments.
• Designed with both luxury and comfort in mind, with various amenities.
• Proximity to essential community features and recreational areas.
• Potentially high ROI and innovative payment plans available.
• Completion scheduled for September 2024, enhancing investment potential.

Overview of Luma 22 Property Development

Luma 22 is an impressive residential project developed by TOWNX REAL ESTATE DEVELOPMENT, situated in the vibrant Jumeirah Village Circle. This development offers a variety of apartment types, catering to diverse preferences and needs.

Location and Accessibility

Located within Jumeirah Village Circle (JVC), Luma 22 enjoys a strategic position that ensures residents have easy access to major highways and the extensive Dubai transport network. It is approximately 28 minutes from Al Maktoum International Airport and 25 minutes from Dubai International Airport, making it highly accessible for both residents and visitors. The property’s location allows for quick travel times to key attractions in the city, such as the Mall of the Emirates, which is just 15 minutes away, enhancing the overall urban living experience.

Developer Background: TOWNX REAL ESTATE DEVELOPMENT

TOWNX REAL ESTATE DEVELOPMENT has established a strong reputation in the realm of urban development projects. The firm is known for its commitment to quality, evidenced by their meticulous approach to planning and execution. Luma 22 reflects the developer’s vision to create sustainable and luxurious living environments, combining modern aesthetics with practical functionality.

Architectural Features and Design

The architectural features of Luma 22 are designed to provide a blend of comfort and elegance. The property showcases a five-story residential building design that emphasizes recreational living, ensuring ample green spaces and private gardens for the enjoyment of residents. The development includes two swimming pools, a fitness center, and a well-equipped gym, all tailored to enhance residents’ lifestyles. For an in-depth look at Luma 22’s offerings, click. The quality of the finishes features European brands, ensuring a sophisticated living experience throughout the apartments.

The area’s master plan actively works to enhance infrastructure and public spaces, indicating a bright future for Jumeirah Village Circle and its residents. With these²³⁴,, urban development benefits, Luma 22 stands as an attractive investment opportunity for those looking to join this thriving community.

Luxury Living and Amenities at Luma 22

Luma 22 stands at the forefront of premium real estate developments, offering a remarkable lifestyle in Jumeirah Village Circle. The project seamlessly combines comfort with luxury living, featuring a diverse range of types of apartments that cater to various needs and tastes.

Types of Apartments Available

Luma 22 features a variety of apartment options, ensuring there is something for everyone. Residents can choose from studio, one, two, and three-bedroom apartments, with sizes ranging from 414 to 2145 square feet. This broad selection not only attracts individuals but also couples and families looking to enjoy a luxurious lifestyle in a well-appointed setting. Starting prices for these apartments begin at AED 479,000, making them an appealing option for potential buyers and renters alike⁵.

Exclusive Amenities for Residents

The exclusive amenities available at Luma 22 significantly enhance the appeal of this development. Among these, residents enjoy access to a well-equipped gymnasium, a refreshing swimming pool, a children’s play area, concierge services, and beautifully landscaped communal gardens⁵. These amenities create a vibrant community atmosphere that promotes relaxation and leisure.

Community Features and Nearby Infrastructure

Luma 22 is conveniently located, providing easy access to essential facilities and leisure options within Jumeirah Village Circle. The area boasts a variety of schools such as Sunmarke School and Dubai British School Emirates Hills. With nearby attractions including Dubai Miracle Garden and restaurants like Socialicious Restaurant all within a 10-minute drive, residents can easily enjoy social outings and family activities⁵⁶. Furthermore, efficient transportation options including Al Khail Road and Sheikh Mohammed Bin Zayed Road facilitate seamless commutes to work and entertainment hubs⁶.

Residents will appreciate the variety of nearby supermarkets rated 4.0 to 4.3 stars, ensuring convenient shopping experiences⁵.

Luma 22: Investment Potential and Payment Plans

Luma 22 stands out as an appealing option for real estate investment in Dubai’s vibrant Jumeirah Village Circle. With expected completion set for the third quarter of 2024, this development showcases an attractive return on investment (ROI), estimated to reach around 6.7% to 9.5% depending on the type of unit purchased⁷⁸. The diverse selection of units available, ranging from studios to three-bedroom apartments, makes it an enticing prospect for various buyers looking to capitalize on the dynamic property market.

Attractive ROI and Investment Opportunities

Investors can benefit from a minimum investment threshold of AED 630,000 ($171,500) for a studio, while a one-bedroom starts at AED 946,000 ($257,500)⁷. With average annual rents for one-bedroom apartments in Jumeirah Village Circle clocking in at AED 49,000 ($13,300), the potential for lucrative rental income is promising. Investors seeking to obtain a visa can do so with a minimum investment of AED 750,000 ($204,000)⁷. This positioning makes Luma 22 a prime target for profitable real estate investments in the area.

Flexible Payment Plans Available

Luma 22 offers a flexible payment plan, structured as 50% down payment, with the remaining 50% divided between construction stages and handover⁸. This payment approach enables buyers to manage their finances while securing a property in this desirable location. Properties in Jumeirah Village Circle benefit from being close to notable landmarks such as Mall of the Emirates, Dubai Miracle Garden, and Palm Jumeirah, enhancing their investment appeal.

Market Trends in Jumeirah Village Circle

The real estate market trends in Jumeirah Village Circle highlight an increasing demand for quality housing, with investors keen to tap into this booming sector. The projected yield of around 8% further reassures potential buyers of a sound investment⁹. The strategic location, easily accessible from Al Khail Road and only 15-30 minutes from Dubai International Airport, secures Luma 22’s status as a prime real estate investment opportunity.

Conclusion

Luma 22 by TOWNX Real Estate Development represents a significant addition to the landscape of luxury residential living in Dubai. With its prime location in Jumeirah Village Circle, Luma 22 is not just an investment opportunity; it embodies the modern aspirations of urban dwellers while catering to investors looking for robust returns. This development aligns perfectly with the increasing demand for quality urban development projects, making it a coveted choice for those seeking a sophisticated lifestyle.

The diverse range of apartment types and the luxurious amenities available at Luma 22 enhances the appeal for both residents and investors alike. As urban living continues to evolve, developments such as Luma 22 are setting new standards in quality and commitment to sustainability. Furthermore, the strategic features of TOWNX Real Estate Development ensure that this project not only meets but exceeds modern expectations of luxury living.

Overall, Luma 22 is well-positioned to thrive in the thriving Dubai real estate market, reflecting innovative designs and sustainable practices. For those interested in exploring how alternative investment management software can optimize financial potential, valuable resources are available at this link. In a rapidly changing landscape, staying informed and adapting to market opportunities is more critical than ever, and Luma 22 is a beacon within this dynamic environment¹⁰¹¹¹².

Source Links

1. https://1011properties.com/project_details/luma-22
2. https://houseandhedges.ae/property/luma-22/
3. https://pinatelproperties.com/property/luma-22/
4. https://www.uaebuilders.com/projects/luma-22-jumeirah-village-circle/
5. https://www.keyonerealtygroup.com/dubai-off-plan/luma-22
6. https://www.bayut.com/buildings/luma-22/
7. https://www.cayangroup.com/dubai/project/luma-22-blending-luxury-and-sustainability/
8. https://primocapital.ae/property/apartment/luma22-at-jumeirah-village-circle-for-sale-by-townx-development
9. https://archwayrealestate.ae/development/luma-22-jvc/
10. https://lightillusion.com/forums/display-calibration-8/difference-between-luma-luminance-68.html
11. https://ieefa.org/wp-content/uploads/2020/10/Contract-with-LUMA-Energy-Sets-up-Full-Privatization_Higher-Rates_October-2020.pdf
12. https://law.justia.com/cases/federal/district-courts/maryland/mddce/1:2020cv02504/484923/36/