Unit 248, Luma 22 West Tower: what it sold for and what it is worth now

Unit 248 at Luma 22 West Tower is a studio of 421 sq ft. It last sold for AED 464,716 on 8 Mar 2023. At AED 1,701 per sq ft, from 4 sales in the building in the last 12 months (studio), it is worth about AED 716,000 today.

Value todayAED 716,000AED 705,000 to AED 728,000
Last saleAED 464,7168 Mar 2023 · Off-plan
Change since last sale+54.1% 
Rent (median asking, studio)AED 54,999Gross yield 7.7%
Bedroomsstudio
Size421 sq ft
Floor2 (from the unit number)
Position in the towerStack 48: units ending 48 share the same layout and view
BuildingLuma 22 West Tower by TownX, handed over 2024
Registered sales of this unit1

Every registered sale of unit 248

DatePriceSizeAED/sq ftType
8 Mar 2023AED 464,716421 sq ft1,104Off-plan

Units ending 48 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
34819 May 2025AED 670,000412 sq ft1,626Resale
4484 Sep 2024AED 1,186,234841 sq ft1,411Off-plan
14813 Feb 2024AED 695,000412 sq ft1,687Off-plan
3489 May 2023AED 635,000412 sq ft1,541Off-plan

Latest studio sales in Luma 22 West Tower

UnitDatePriceSizeAED/sq ftType
39031 Mar 2026AED 790,000467 sq ft1,692Resale
16714 Oct 2025AED 710,000437 sq ft1,625Resale
14722 Aug 2025AED 735,000412 sq ft1,784Resale
4865 Aug 2025AED 800,000468 sq ft1,709Resale
37412 Jun 2025AED 740,000441 sq ft1,678Resale
37522 May 2025AED 811,000440 sq ft1,843Resale
34819 May 2025AED 670,000412 sq ft1,626Resale
4922 May 2025AED 780,000467 sq ft1,670Resale

How we worked out the value

We took the 4 sales in Luma 22 West Tower in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,701). We multiplied it by the size of this unit (421 sq ft). The range uses the middle half of those sales (AED 1,675 to AED 1,728 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 31 Jul 2026, from the Dubai Land Department register.

Questions

What is unit 248 at Luma 22 West Tower worth?

About AED 716,000 (range AED 705,000 to AED 728,000), based on AED 1,701 per sq ft from registered sales up to 31 Jul 2026.

When did unit 248 last sell?

8 Mar 2023, for AED 464,716 (off-plan). It has 1 registered sale.

What rent can unit 248 make?

A studio in Luma 22 West Tower rents for about AED 54,999 a year (median asking rent). That is a gross yield of 7.7% on the estimate.

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

Unit 247 · Unit 249