2-Bedroom Apartment in Lum1nar Tower 3, JVT Below Original Price

Property Overview

This is a two-bedroom apartment in Lum1nar Tower 3 by Object 1, Jumeirah Village Triangle, offered off-plan by resale at AED 1,250,000 against an agent-stated original purchase price of AED 1,280,000. It measures 1,075 sq ft, about AED 1,163 per sq ft, with road views and an agent-stated handover in February 2027.

Property Highlights

• Asking price: AED 1,250,000
• Original purchase price: AED 1,280,000 (agent-stated)
• Saving against OP: AED 30,000 (2.3%)
• Property type: Apartment
• Bedrooms: 2
• Size: 1,075 sq ft
• Rate: about AED 1,163 per sq ft
• View: Road view (agent-stated)
• Handover: February 2027 (agent-stated)
• Developer: Object 1
• Location: Lum1nar Tower 3, Jumeirah Village Triangle

Why the Price Qualifies as Below OP

The agent states an original purchase price of AED 1,280,000 and an asking price of AED 1,250,000. The difference is AED 30,000, which is 2.3% below the original price. The benchmark is the seller's purchase price as given in the agent's resale brief on 2 October 2026; DPF has not seen the SPA. The agent also reports the asking price was recently reduced to this level.

Confirm the OP, the amount already paid to Object 1, the remaining balance and any NOC or transfer fees on the original SPA and the latest statement of account before committing.

About Lum1nar Tower 3, Object 1 and JVT

Lum1nar Tower 3 is a residential tower by Object 1 in Jumeirah Village Triangle, reported as 25 residential floors over podium parking. Reported facilities include indoor and outdoor swimming pools, a gym, a yoga lounge, a clubhouse, landscaped gardens and a children's play area. JVT is a mid-market community of villas, townhouses and low- to mid-rise apartment buildings, popular with families and investors.

Layout, Floor and View

The apartment has two bedrooms across 1,075 sq ft, within the range reported for two-bedroom layouts in the tower. The agent describes road views and calls the unit a hot lot. Floor, bathrooms, balcony and parking were not supplied; ask for the floor plan and unit number to confirm the layout.

Payment Plan and Handover

The agent states handover in February 2027. Secondary project data reports a later handover of June 2027, so confirm the current schedule with Object 1. The brief does not give the payment plan or amount paid; the developer offered both a standard plan and a post-handover plan, so check which one applies to this unit and how much remains due.

Location and Connectivity

Jumeirah Village Triangle sits between Al Khail Road and Sheikh Mohammed Bin Zayed Road, next to Jumeirah Village Circle, Jumeirah Park and Dubai Sports City. DPF does not quote drive times; check routes to work and schools yourself.

Verification Notes

• Agent-supplied: building, community, bedrooms, size, OP, asking price, price reduction, road view, hot-lot description and February 2027 handover.
• DPF-calculated: saving amount, saving percentage and price per square foot.
• External research: developer, tower height, facilities and handover timeline from secondary project data, not developer documents.
• Not supplied: payment plan, amount paid, unit number, floor, bathrooms and parking.