Luma21 Property Development By TOWNX REAL ESTATE DEVELOPMENT
Last Updated on: 16th November 2024, 02:52 pm
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The Luma21 Property Development represents a significant addition to the luxury property landscape in Dubai, meticulously crafted by TOWNX Real Estate Development, an esteemed name in real estate development services. This premier residential complex is designed with innovative and sustainable principles, blending modern aesthetics with luxurious living standards. Luma21 showcases a U-shaped building that is five stories high, offering a remarkable living environment characterized by its architectural elegance and premium features.
Residents can enjoy 24-hour concierge assistance, facilitated through an elegant lobby that emanates sophistication. The property also includes a rooftop swimming pool and well-equipped gym facilities, catering to an active lifestyle while ensuring utmost comfort and convenience. With a prime location in Jumeirah Village Circle, Luma21 not only promises an extraordinary living experience but also attracts interest from investors seeking opportunities in Dubai’s ever-evolving real estate market.
As a key project within TOWNX’s portfolio, Luma21 is poised to redefine luxury living, making it an exciting prospect for both residents and investors alike. For more comprehensive insights on this remarkable development, feel free to explore here1.
Key Takeaways
- Luma21 is a modern five-storey complex showcasing luxury living.
- Developed by TOWNX Real Estate Development, it emphasizes quality and design.
- The development includes extensive amenities like a swimming pool and concierge services.
- Strategically located in Jumeirah Village Circle, enhancing accessibility.
- Offers various apartment types catering to different lifestyles and budgets.
- Currently available for purchase to both residents and non-residents.
Overview of Luma21 Residential Complex
The Luma21 project represents a remarkable endeavor in luxury property development by TOWNX construction company. The complex combines modern architectural design with a host of amenities, creating a desirable living environment for its residents. Covering a range of apartment types, the Luma21 residential complex caters to various lifestyle needs, ensuring a perfect fit for anyone looking to invest in an upscale community.
Architectural Design and Layout
The architectural design of the Luma21 residential complex stands out with its five-storey, U-shaped configuration, fostering a welcoming courtyard. This unique layout enhances the property’s aesthetics and comfort, utilizing high-quality materials to deliver an elegant living experience. Floor plans range from compact studios to spacious three-bedroom units, with areas from 422 sq.ft. to 1,264 sq.ft., making it flexible for diverse preferences and family sizes2. The development has already seen impressive demand, with many units sold out and an overall positive response from potential homeowners3.
Amenities Offered
Luma21 features a wealth of amenities designed for contemporary living, ensuring residents have access to leisure and convenience right at their doorstep. Key facilities include:
- Rooftop swimming pool
- Modern lobby with concierge services
- Gym and landscaped gardens
- Children’s play area and secure underground parking
- Basketball court, BBQ area, cafes, and clubhouse
- Cycling tracks, EV charging stations, jogging trails, spa, and tennis court
With various payment plans, including flexible options that cater to different financial situations, the Luma21 project aims to simplify the purchasing process for potential residents. Current pricing starts from AED 595,000, presenting a worthy investment opportunity23.
Location and Accessibility
The Luma21 project location within Jumeirah Village Circle (JVC) presents a significant advantage for residents and investors alike. JVC is renowned for its comprehensive social infrastructure, which includes numerous amenities designed to cater to the needs of the community. This vibrant neighborhood is an ideal place for families and individuals seeking convenience and comfort in their daily lives.
Jumeirah Village Circle Advantages
The Jumeirah Village Circle advantages are numerous, beginning with its well-developed landscape that features picturesque parks and ample green spaces. Residents enjoy a variety of recreational options, including jogging and cycling paths, as well as playgrounds that create a family-friendly atmosphere. Accessibility is a key feature of this location, with TOWNX property developers ensuring that the area remains connected to major highways, allowing easy travel throughout Dubai. The increasing demand for housing in JVC further emphasizes its status as a sought-after location.
Proximity to Key Landmarks
Proximity to key landmarks enhances the appeal of Luma21. The community is strategically situated near shopping centers, international schools, hospitals, and parks, making daily errands exceptionally convenient. This accessibility means that residents can enjoy a balanced lifestyle, with everything from educational institutions to retail outlets just a stone’s throw away. Additionally, the area’s continuous property appreciation presents a lucrative investment opportunity for buyers interested in the real estate market45.
Luma21 Property Options and Pricing
The Luma21 property options cater to a diverse range of preferences, ensuring that residents can find an ideal living space in Jumeirah Village Circle. This property development by TOWNX offers an array of living arrangements including studio, 1, 2, and 3-bedroom apartments, showcasing sizes from 422 to 1,264 sq. ft. Each apartment features modern designs along with superior finishes that elevate the living experience considerably.
Diverse Apartment Types
With a starting price point of AED 470,000 (approximately USD 128,000) for studio apartments, Luma21 presents affordable options for both homeowners and investors. The unit types provide flexibility to accommodate various lifestyles, catering to young families, professionals, and couples seeking comfort in a luxurious environment. The Luma21 property options satisfy various demands while maintaining a focus on quality and convenience.
Investment Potential
The investment potential of Luma21 is particularly noteworthy. The down payment required for purchasing a property is just 10%, along with a structured payment plan which consists of 50% due during construction and the remaining 50% on handover. This strategic financial arrangement enhances its attractiveness for potential buyers considering the market dynamics in Dubai. Furthermore, with the anticipated completion date set for April 2023, investors can expect returns aligned with the growing demand for residential spaces in the area6.
Additionally, Luma21 apartments stand out due to the variety of amenities available, which includes retail outlets, gyms, and swimming pools. These features not only enhance the lifestyle of the residents but also boost the investment potential significantly, making it an appealing opportunity for various buyers. Payment options such as bank transfers, Bitcoin, and credit cards further facilitate seamless transactions6.
| Apartment Type | Size (Sq. Ft.) | Starting Price (AED) | Down Payment (%) |
|---|---|---|---|
| Studio | 422 | 470,000 | 10 |
| 1 Bedroom | Approx. 700 | From 600,000 | 10 |
| 2 Bedroom | Approx. 950 | From 800,000 | 10 |
| 3 Bedroom | 1,264 | From 1,200,000 | 10 |
This detailed outlook on the Luma21 property options emphasizes not just the diversity of the units available but also the significant investment potential it offers through TOWNX real estate development. It stands as a promising venture for those looking to invest in Dubai’s thriving real estate market6.
Conclusion
Luma21, developed by TOWNX Real Estate Development, stands as a remarkable example of luxury living in Dubai, particularly situated in the vibrant Jumeirah Village Circle. This property development not only emphasizes modern architectural design but also incorporates a plethora of amenities that cater to various lifestyles, ensuring an optimal living experience for homeowners and investors alike.
Moreover, the strategic location within the city enhances its appeal, providing easy access to essential services and prominent landmarks. This blend of convenience and style reinforces the overall Luma21 property development overview, signaling a noteworthy investment opportunity within the flourishing Dubai real estate market.
With TOWNX’s commitment to quality and sustainability, Luma21 represents not just a residence but a gateway to a sophisticated and engaging lifestyle. Emphasizing a sense of community alongside individual comfort, this development is poised to redefine the standards of luxury living in Dubai. For more insights into the multifaceted roles of property developments like Luma21, consider diving deeper into the research and trends within this sector. Explore more about related studies and findings here7.
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Source Links
- https://luma-21.ae/
- https://keltandcorealty.com/property/luma21/
- https://1newhomes.ae/luma-21-dubai
- https://propertymakler.com/UAE/Dubai/projects/Luma21/
- https://www.realestatedubai.com/property/luma21-jvc/
- https://www.binayah.com/dubai-projects/luma21-jvc/
- https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3742264/