New homes in Lum1nar Tower 1 start at AED 887,000; the keys were due Sep 2026; you pay 20% to book, 40% while it is built and 40% at the keys.
In the 24 months to Nov 9, 2026, Dubai Land Department recorded 71 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Luminar Tower 1. Their median price is AED 1,546 per sq ft (about AED 891,000 at 576 sq ft). This project's from price is AED 1,540 per sq ft (AED 887,000 for its smallest home, 576 sq ft), about the same.
Keys
Sep 2026
The developer's handover date. It has passed and may be out of date, so check the current one with the developer.
Payment plan
20 / 40 / 40
20% to book, 40% while it is built, 40% at the keys
Bedrooms
1 to 2 beds
Sizes
576 to 1,267 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 1,540 per sq ft
Similar off-plan homes: AED 1,546 per sq ft
RERA project
3183
Check it in Dubai REST, the Dubai Land Department's official app.
Built
33%
Being built. DLD register, Nov 11, 2026
Completion on the register
Oct 2026
DLD shows only the current date. We have recorded it since Jun 12, 2026 and it hasn't moved.
Escrow account
مصرف ابوظبى الاسلامى
The bank that holds your payments
Registered homes
200
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
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
Paid by then
When you bookBooking · 20%
Booking
20%
AED 177,400+ AED 35,480 DLD fee
AED 212,880
As it is builtWhile it is built · 40%
While it is built
40%
AED 354,800
AED 567,680
At the keys (Sep 2026)Keys · 40%
Keys
40%
AED 354,800
AED 922,480
Booking payment, 20%
AED 177,400
Dubai Land Department fee (Oqood), 4%
AED 35,480
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 212,880
Total costPrice plus the DLD fee
AED 922,480
The handover date (Sep 2026) is too close or already past to estimate the dates. Ask the developer for its current schedule.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
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.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. Ask Object One Real Estate Development for the estimate.
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 71 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Luminar Tower 1, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in Luminar Tower 1 sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 71 off-plan sales of 1-bed apartments of 414 sq ft to 621 sq ft in Luminar Tower 1, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,546 per sq ft
AED 1,245 to AED 1,335 per sq ft
7 sales
AED 1,335 to AED 1,426 per sq ft
3 sales
AED 1,426 to AED 1,517 per sq ft
13 sales
AED 1,517 to AED 1,608 per sq ft
26 sales
This project's from price is in this band.
AED 1,608 to AED 1,699 per sq ft
13 sales
AED 1,699 to AED 1,789 per sq ft
1 sale
AED 1,789 to AED 1,880 per sq ft
5 sales
AED 1,880 to AED 1,971 per sq ft
3 sales
AED 1,245 per sq ftAED 1,971 per sq ft
This project AED 1,540 per sq ft
Half of the sales sold for AED 1,482 to AED 1,630 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 1,245 to AED 1,335 per sq ft
7
AED 1,335 to AED 1,426 per sq ft
3
AED 1,426 to AED 1,517 per sq ft
13
AED 1,517 to AED 1,608 per sq ft
26
AED 1,608 to AED 1,699 per sq ft
13
AED 1,699 to AED 1,789 per sq ft
1
AED 1,789 to AED 1,880 per sq ft
5
AED 1,880 to AED 1,971 per sq ft
3
The 3 closest sales
Picked from the 71 similar sales above, closest in size to this project's smallest home.
Oct 2025AED 926,328AED 1,610 per sq ftLuminar Tower 1, 575 sq ft
May 2025AED 873,932AED 1,519 per sq ftLuminar Tower 1, 575 sq ft
Apr 2025AED 1,106,091AED 1,922 per sq ftLuminar Tower 1, 575 sq ft
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 Triangle 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
1-bed apartmentFrom AED 887,000 here
Off-plan medianAED 1,259,000AED 1,633 per sq ft
Sales1,896
In line with 71 similar sales
2-bed apartment
Off-plan medianAED 1,781,000AED 1,395 per sq ft
Sales525
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
8.5%
Typical gross yield of similar ready homes
7.9%
Median rent of 1-bed apartments in Jumeirah Village Triangle
AED 75,000 a year
Rent contracts counted
752
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 75,000 a year
2-bed apartment
AED 90,000 a year
There is no DLD service charge for this project or its area, so we leave out the service charge and the net yield.
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 75,000 ÷ AED 887,000 = 8.5%. 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
Jumeirah Golf Estates Metro Station4.2 km, 17 min driveMetro station
Dubai British School Emirates Hills2.2 km, 7 min driveSchool
Victory Heights Primary School3.5 km, 11 min driveBritish school
Dubai International Academy3.6 km, 12 min driveIB school
JSS International School4 km, 14 min driveIndian school
Lum1nar Tower 1 is an Object One Real Estate Development tower in Jumeirah Village Triangle with 1- and 2-bedroom apartments from AED 887,000. Its listed handover of September 2026 has passed, so ask for the completion certificate and the actual handover date before you pay.
The listed handover date, September 2026, has passed and may be out of date. Ask whether the building has its completion certificate and when handover will happen.
The from price is in line with 71 similar one-bedroom sales in this building (24 months to November 2026). The plan is 20% on booking, 40% during construction and 40% at handover. At the from price that is AED 177,400, AED 354,800 and AED 354,800. Separately, the 4% DLD fee comes to AED 35,480; ask when it is due.
The listing describes a 20-floor tower with 196 homes. It gives one- and two-bedroom apartments of 576 to 1,267 sq ft, but the developer's unit list shows 1-bedroom homes of 576 sq ft and 1.5-bedroom homes of 790 sq ft. Check the floor plans for the layout you want. Facilities include an outdoor pool, a kids' pool and play area, a gym, an outdoor yoga lounge and a 24/7 concierge.
Mediclinic Meaisem is about 1.1 km away, a 2-minute drive by our estimate. Dubai British School Emirates Hills is about 2.2 km away, and Victory Heights Primary School and Dubai International Academy are about 3.5 and 3.6 km away. Jumeirah Golf Estates Metro Station is about 4.2 km, around 17 minutes by car, and JBR beach about 14 minutes.
The developer's plans. Sizes and layouts can change; ask the developer for the plan of the exact unit you're looking at.
1 BR
1.5 BR
How prices moved
Median price of 1-bed apartments in Jumeirah Village Triangle, over the 12 months to each dateUp 18% from Dec 2024 to Sep 2026.
Dec 2024AED 1,388 per sq ft
Sep 2026AED 1,633 per sq ft
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12 months to
Median price
Sales
Sep 2026
AED 1,633 per sq ft
1,896 sales
Jun 2026
AED 1,614 per sq ft
2,249 sales
Mar 2026
AED 1,581 per sq ft
2,442 sales
Dec 2025
AED 1,546 per sq ft
2,177 sales
Sep 2025
AED 1,459 per sq ft
1,845 sales
Jun 2025
AED 1,420 per sq ft
1,556 sales
Mar 2025
AED 1,406 per sq ft
1,345 sales
Dec 2024
AED 1,388 per sq ft
1,313 sales
Off-plan sales only.
Questions about this project
When is handover?
The listed handover is September 2026, which has passed, so the date may be out of date. Ask for the completion certificate and a firm handover date.
How does the price compare with similar sales?
The from price is in line with 71 similar one-bedroom sales in this building (24 months to November 2026).
What are the payment steps?
20% on booking (AED 177,400 at the from price), 40% during construction (AED 354,800) and 40% at handover (AED 354,800). Separately, the 4% DLD fee comes to AED 35,480; ask when it is due.
Are there two-bedroom homes?
The listing says 1 to 2 bedrooms, but the developer's unit list shows only 1-bedroom (576 sq ft) and 1.5-bedroom (790 sq ft) homes. Check the floor plans before you choose.
What can residents use?
An outdoor pool, a kids' pool and play area, a gym, an outdoor yoga lounge and a 24/7 concierge.
Can foreigners buy here?
Yes. The listing says the homes are freehold, so foreign buyers can own outright. The developer is Object One Real Estate Development.
