New homes in Lume Residences start at AED 649,000; keys are due Jun 2027; you pay 20% to book, 40% while it is built and 40% at the keys.
In the 24 months to Oct 19, 2026, Dubai Land Department recorded 49 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Lume Residences. Their median price is AED 1,885 per sq ft (about AED 631,000 at 335 sq ft). This project's from price is AED 1,937 per sq ft (AED 649,000 for its smallest home, 335 sq ft), 3% more.
Keys
Jun 2027
The developer's handover date
Payment plan
20 / 40 / 40
20% to book, 40% while it is built, 40% at the keys
Bedrooms
Studio to 2 beds
Sizes
335 to 1,318 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
Details from the developer, as of Nov 1, 2026. They can change; ask us to confirm before you book.
Dubai Land Department register
From price per sq ft
AED 1,937 per sq ft
Similar off-plan homes: AED 1,885 per sq ft
RERA project
3550
Check it in Dubai REST, the Dubai Land Department's official app.
Built
0%
Not started. DLD register, Jun 12, 2026
Completion on the register
Sep 2027
DLD shows only the current date, so we can't tell whether it has moved before.
Escrow account
مصرف الشارقه الاسلامى
The bank that holds your payments
Registered homes
182
In 1 buildings
Paying for it
You pay 20% when you book, 40% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Now
Booking
20%
AED 129,800
Jan 2027
While it is built
20%
AED 129,800
Apr 2027
While it is built
20%
AED 129,800
Jun 2027
Keys
40%
AED 259,600
Booking payment, 20%
AED 129,800
Dubai Land Department fee (Oqood), 4%
AED 25,960
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 155,760
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Buildings in this area paid a median of AED 19 per sq ft a year in 2023, from 5 buildings on the Dubai Land Department register. For the smallest home (335 sq ft) that is about AED 6,000 a year.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 49 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Lume Residences, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in Lume Residences sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 49 off-plan sales of studio apartments of 276 sq ft to 414 sq ft in Lume Residences, from Oct 20, 2024 to Oct 19, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,885 per sq ft
AED 1,679 to AED 1,733 per sq ft
1 sale
AED 1,733 to AED 1,787 per sq ft
6 sales
AED 1,787 to AED 1,841 per sq ft
6 sales
AED 1,841 to AED 1,896 per sq ft
15 sales
AED 1,896 to AED 1,950 per sq ft
9 sales
This project's from price is in this band.
AED 1,950 to AED 2,004 per sq ft
7 sales
AED 2,004 to AED 2,058 per sq ft
3 sales
AED 2,058 to AED 2,112 per sq ft
2 sales
AED 1,679 per sq ftAED 2,112 per sq ft
This project AED 1,937 per sq ft
Half of the sales sold for AED 1,828 to AED 1,950 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,679 to AED 1,733 per sq ft
1
AED 1,733 to AED 1,787 per sq ft
6
AED 1,787 to AED 1,841 per sq ft
6
AED 1,841 to AED 1,896 per sq ft
15
AED 1,896 to AED 1,950 per sq ft
9
AED 1,950 to AED 2,004 per sq ft
7
AED 2,004 to AED 2,058 per sq ft
3
AED 2,058 to AED 2,112 per sq ft
2
The 3 closest sales
Picked from the 49 similar sales above, closest in size to this project's smallest home.
Apr 2026AED 707,777AED 2,112 per sq ftLume Residences, 335 sq ft
Dec 2025AED 632,192AED 1,887 per sq ftLume Residences, 335 sq ft
Dec 2025AED 666,777AED 1,990 per sq ftLume Residences, 335 sq ft
Sale prices from Dubai Land Department, Oct 20, 2024 to Oct 19, 2026. Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Jumeirah Village Circle in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
Studio apartmentFrom AED 649,000 here
Off-plan medianAED 741,000AED 1,825 per sq ft
Sales2,549
3% above 49 similar sales
1-bed apartment
Off-plan medianAED 1,159,000AED 1,497 per sq ft
Sales3,757
2-bed apartment
Off-plan medianAED 1,702,000AED 1,377 per sq ft
Sales885
Sale prices from Dubai Land Department, Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from price
8%
Typical for similar ready homes
8.5%
Median rent of studio apartments in Jumeirah Village Circle
AED 52,000 a year
Rent contracts counted
5,438
Rented between
Apr 1, 2025 and Mar 31, 2026
Studio apartment
AED 52,000 a year
1-bed apartment
AED 75,000 a year
2-bed apartment
AED 110,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 52,000 ÷ AED 649,000 = 8%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Al Furjan Metro Station5.4 km, 18 min driveMetro station
JSS International School2.9 km, 8 min driveSchool
Nord Anglia International School2.9 km, 12 min driveBritish school
The Springs Souk1.4 km, 3 min driveMall
Mediclinic Springs2.9 km, 6 min driveHospital
Jumeirah Lakes Towers5.8 km, 17 min driveOffices
The Els Club, Dubai Sports City3.2 km, 12 min driveGolf
Lume Residences is an S and S building in Jumeirah Village Circle with studios to 2-bedroom apartments from AED 649,000 and handover listed for June 2027. Handover is about seven months away, and 20% of the price is due on booking.
The listed handover date is June 2027, about seven months from now, so ask the developer how far the build has got and whether that date still holds. You pay 20% on booking, 40% during construction and 40% on handover. At the from price that is AED 129,800 to book, AED 259,600 during the build and AED 259,600 at handover. Separately, the 4% DLD fee comes to AED 25,960; ask when it is due.
The Dubai Land Department registered 49 studio off-plan sales in Lume Residences in the 24 months to October 2026. The from price per square foot is about 2.8% above their median. Ask for the price per square foot of the exact unit you are offered.
There are studios, one-bedroom and two-bedroom apartments. Sizes run from 335 to 1,318 sq ft; the listing gives about 335 sq ft for a studio, 564 sq ft for one bedroom and 1,118 sq ft for two. Interiors use laminate wood floors, made-to-order cabinets and worktops, pendant lights and terracotta and burgundy tones, with floor-to-ceiling windows. Ask whether any furniture is included.
Shared facilities are a pool, a children's pool, a play area, a gym, a lobby, covered parking and 24-hour security. Magnum Family Medical Center is about 550 m away. JSS International School and Nord Anglia International School are each about 2.9 km away, and The Els Club about 3.2 km. Al Furjan Metro Station is about 5.4 km away, around 18 minutes by car, and Jumeirah Lakes Towers about 17 minutes.
The developer's plans. Sizes and layouts can change; ask us for the plan of the exact unit you're looking at.
Studio
1 BR
2 BR
How prices moved
Median price of studio apartments in Jumeirah Village Circle, over the 12 months to each dateUp 14% from Dec 2024 to Sep 2026.
Dec 2024AED 1,601 per sq ft
Sep 2026AED 1,825 per sq ft
Show as tableShow as chart
12 months to
Median price
Sales
Sep 2026
AED 1,825 per sq ft
2,549 sales
Jun 2026
AED 1,794 per sq ft
3,446 sales
Mar 2026
AED 1,762 per sq ft
4,374 sales
Dec 2025
AED 1,751 per sq ft
4,521 sales
Sep 2025
AED 1,706 per sq ft
4,332 sales
Jun 2025
AED 1,671 per sq ft
3,978 sales
Mar 2025
AED 1,625 per sq ft
3,527 sales
Dec 2024
AED 1,601 per sq ft
3,576 sales
Off-plan sales registered with the Dubai Land Department.
Questions about this project
Which company is building Lume Residences?
S and S. The building is in Jumeirah Village Circle.
When is handover?
The listed handover is June 2027, about seven months away. Ask for a construction update before you pay.
How does the price compare with sales in the building?
The from price per square foot is about 2.8% above the median of 49 studio off-plan sales here over the 24 months to October 2026.
How much do I pay at each stage?
At the from price: AED 129,800 on booking, AED 259,600 during construction and AED 259,600 on handover. Separately, the 4% DLD fee comes to AED 25,960; ask when it is due.
How big are the homes?
From 335 to 1,318 sq ft. The listing gives about 335 sq ft for a studio, 564 sq ft for one bedroom and 1,118 sq ft for two.
Can foreigners buy here?
Yes. Lume Residences is listed as freehold, so foreign buyers can own outright.
