Unit 416, Luma 22 East Tower: what it sold for and what it is worth now

Unit 416 at Luma 22 East Tower is a studio of 658 sq ft. It last sold for AED 935,000 on 18 Dec 2024. At AED 1,482 per sq ft, from 3 sales of units ending 16 (same position in the tower), it is worth about AED 975,000 today.

Value todayAED 975,000AED 955,000 to AED 984,000
Last saleAED 935,00018 Dec 2024 · Resale
Change since last sale+4.3%Building trend alone: AED 949,270
Rent (median asking, studio)AED 65,500Gross yield 6.7%
Bedroomsstudio
Size658 sq ft
Floor4 (from the unit number)
Position in the towerStack 16: units ending 16 share the same layout and view
BuildingLuma 22 East Tower by TownX, handed over 2024
Registered sales of this unit2

Every registered sale of unit 416

DatePriceSizeAED/sq ftType
18 Dec 2024AED 935,000658 sq ft1,421Resale
14 Mar 2023AED 794,924658 sq ft1,208Off-plan

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
11623 Jan 2025AED 1,896,9751,258 sq ft1,508Resale
21611 Dec 2024AED 1,864,6001,258 sq ft1,482Resale
3168 Sep 2023AED 1,770,5131,258 sq ft1,407Off-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 3 resale sales of units ending 16 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,482). We multiplied it by the size of this unit (658 sq ft). The range uses the middle half of those sales (AED 1,452 to AED 1,495 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 949,270. 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 416 at Luma 22 East Tower worth?

About AED 975,000 (range AED 955,000 to AED 984,000), based on AED 1,482 per sq ft from registered sales up to 10 Jun 2026.

When did unit 416 last sell?

18 Dec 2024, for AED 935,000 (resale). It has 2 registered sales.

What rent can unit 416 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 6.7% on the estimate.

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

Unit 415 · Unit 417