Unit 348, Luma 22 West Tower: what it sold for and what it is worth now

Unit 348 at Luma 22 West Tower is a studio of 412 sq ft. It last sold for AED 670,000 on 19 May 2025. At AED 1,701 per sq ft, from 4 sales in the building in the last 12 months (studio), it is worth about AED 701,000 today.

Value todayAED 701,000AED 690,000 to AED 712,000
Last saleAED 670,00019 May 2025 · Resale
Change since last sale+4.6%Building trend alone: AED 670,751
Rent (median asking, studio)AED 54,999Gross yield 7.8%
Bedroomsstudio
Size412 sq ft
Floor3 (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 unit2

Every registered sale of unit 348

DatePriceSizeAED/sq ftType
19 May 2025AED 670,000412 sq ft1,626Resale
9 May 2023AED 635,000412 sq ft1,541Off-plan

Units ending 48 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
4484 Sep 2024AED 1,186,234841 sq ft1,411Off-plan
14813 Feb 2024AED 695,000412 sq ft1,687Off-plan
2488 Mar 2023AED 464,716421 sq ft1,104Off-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
4922 May 2025AED 780,000467 sq ft1,670Resale
3883 Apr 2025AED 760,000477 sq ft1,593Resale

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 (412 sq ft). The range uses the middle half of those sales (AED 1,675 to AED 1,728 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 670,751. 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 348 at Luma 22 West Tower worth?

About AED 701,000 (range AED 690,000 to AED 712,000), based on AED 1,701 per sq ft from registered sales up to 31 Jul 2026.

When did unit 348 last sell?

19 May 2025, for AED 670,000 (resale). It has 2 registered sales.

What rent can unit 348 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 7.8% on the estimate.

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

Unit 347 · Unit 349