Staff Report
Dubai, UAE
Object 1, a Dubai-based developer, has announced the launch of Lum1nar Towers, a new residential development in Jumeirah Village Triangle (JVT). The three-tower project will deliver 547 residences upon completion by 2027.
Jumeirah Village Triangle is experiencing significant demand, with transaction volumes rising by 62 percent in the first 1.5 months of 2025 compared to the same period last year. Property values in the area have also increased, with the weighted average price per square foot up by 6 percent and the median price rising by 10 percent compared to the same period last year. Rental prices are also rising by more than 20 percent and high rental yields average 6-8 percent per year. This growth, driven by infrastructure expansion under Dubai’s 2030 development plan and the upcoming Purple Metro Line, further boosts the area’s attractiveness, making Lum1nar Towers a valuable addition to this thriving community.
Strategically positioned near Palm Jumeirah and Dubai Marina, Lum1nar Towers is designed to meet the evolving expectations of modern homebuyers. By integrating smart home automation, residents can effortlessly control lighting, climate, and security, reducing energy consumption while enhancing convenience. Committed to sustainability, Lum1nar Towers incorporates energy-efficient systems and eco-friendly materials, aligning with the growing demand for responsible, future-ready living.
Beyond the residences and smart home technology, Lum1nar Towers offers a range of amenities focused on well-being and lifestyle. These include a gym, rooftop pools, an outdoor yoga lounge, a clubhouse, and a gaming room. The project aligns with the Dubai 2040 Urban Master Plan’s vision of fostering vibrant, inclusive communities, ensuring a dynamic and enriching living environment.
Tatiana Tonu, Managing Director at Object 1, said, “The Lum1nar Towers project is a pivotal milestone for Object1 Developer, showcasing our commitment to innovation and sustainability. It reflects our strategic vision to expand our presence in Dubai’s premium real estate market and further establish ourselves as a leader in delivering iconic, high-quality developments. With this project, we are not only diversifying our portfolio but also reinforcing our focus on creating exceptional living spaces that meet the evolving needs of today’s homebuyers. Lum1nar Towers represents our growth trajectory, elevating our brand and paving the way for future groundbreaking projects.”
Lum1nar Towers also marks a key milestone in Object 1’s regional growth strategy. Expanding beyond Dubai, the company has acquired two land plots in Abu Dhabi as part of its commitment to delivering high-quality residential developments across the UAE.
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