Unit 406, Luma 22 East Tower: what it sold for and what it is worth now

Unit 406 at Luma 22 East Tower is a studio of 709 sq ft. It last sold for AED 794,925 on 5 Apr 2023. At AED 1,636 per sq ft, from 8 sales in the building in the last 12 months (studio), it is worth about AED 1,160,000 today.

Value todayAED 1,160,000AED 1,084,000 to AED 1,190,000
Last saleAED 794,9255 Apr 2023 · Off-plan
Change since last sale+45.9% 
Rent (median asking, studio)AED 65,500Gross yield 5.6%
Bedroomsstudio
Size709 sq ft
Floor4 (from the unit number)
Position in the towerStack 06: units ending 06 share the same layout and view
BuildingLuma 22 East Tower by TownX, handed over 2024
Registered sales of this unit1

Every registered sale of unit 406

DatePriceSizeAED/sq ftType
5 Apr 2023AED 794,925709 sq ft1,121Off-plan

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
10616 Jan 2024AED 672,384437 sq ft1,539Off-plan
3069 May 2023AED 635,350437 sq ft1,454Off-plan
20627 Feb 2023AED 535,707446 sq ft1,201Off-plan

Latest studio sales in Luma 22 East Tower

UnitDatePriceSizeAED/sq ftType
2099 May 2026AED 660,000446 sq ft1,480Resale
23413 Mar 2026AED 780,000458 sq ft1,703Resale
23120 Nov 2025AED 750,000458 sq ft1,638Resale
31212 Nov 2025AED 675,252437 sq ft1,545Resale
3133 Nov 2025AED 752,000437 sq ft1,721Resale
22714 Aug 2025AED 750,000459 sq ft1,634Resale
13623 Jul 2025AED 740,000551 sq ft1,343Resale
23730 Jun 2025AED 765,000458 sq ft1,670Resale

How we worked out the value

We took the 8 sales in Luma 22 East Tower in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,636). We multiplied it by the size of this unit (709 sq ft). The range uses the middle half of those sales (AED 1,529 to AED 1,678 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 10 Jun 2026, from the Dubai Land Department register.

Questions

What is unit 406 at Luma 22 East Tower worth?

About AED 1,160,000 (range AED 1,084,000 to AED 1,190,000), based on AED 1,636 per sq ft from registered sales up to 10 Jun 2026.

When did unit 406 last sell?

5 Apr 2023, for AED 794,925 (off-plan). It has 1 registered sale.

What rent can unit 406 make?

A studio in Luma 22 East Tower rents for about AED 65,500 a year (median asking rent). That is a gross yield of 5.6% on the estimate.

Sales alert for Luma 22 East TowerAll sales in Luma 22 East Tower

Unit 405 · Unit 407