Unit 501, Luma Park Views: what it sold for and what it is worth now

Unit 501 at Luma Park Views is a 1 bed of 885 sq ft. It last sold for AED 1,500,000 on 25 May 2026. At AED 1,470 per sq ft, from 12 sales of units ending 01 (same position in the tower), it is worth about AED 1,301,000 today.

Value todayAED 1,301,000AED 1,272,000 to AED 1,423,000
Last saleAED 1,500,00025 May 2026 · Resale
Change since last sale-13.3%Building trend alone: AED 1,500,000
Rent (median asking, 1 bed)AED 85,000Gross yield 6.5%
Bedrooms1 bed
Size885 sq ft
Floor5 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingLuma Park Views by TownX, handed over 2025
Registered sales of this unit1

Every registered sale of unit 501

DatePriceSizeAED/sq ftType
25 May 2026AED 1,500,000885 sq ft1,695Resale

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
210129 Aug 2026AED 1,994,2401,360 sq ft1,466Resale
60111 Aug 2026AED 1,939,2241,360 sq ft1,426Resale
19017 Aug 2026AED 2,008,2161,360 sq ft1,477Resale
100121 Jul 2026AED 1,919,2321,360 sq ft1,411Resale
110124 Jun 2026AED 1,999,2001,360 sq ft1,470Resale
140124 Jun 2026AED 1,959,2161,360 sq ft1,441Resale
200111 May 2026AED 2,000,0001,360 sq ft1,471Resale
170116 Dec 2025AED 2,199,3181,360 sq ft1,617Resale

Latest 1 bed sales in Luma Park Views

UnitDatePriceSizeAED/sq ftType
210619 Oct 2026AED 1,234,563805 sq ft1,534Resale
22065 Oct 2026AED 1,291,050798 sq ft1,618Resale
16102 Oct 2026AED 1,170,000838 sq ft1,396Resale
221229 Sep 2026AED 1,257,075838 sq ft1,500Resale
211028 Sep 2026AED 1,307,284849 sq ft1,540Resale
210428 Sep 2026AED 1,314,500881 sq ft1,492Resale
72223 Sep 2026AED 1,090,647849 sq ft1,285Resale
72622 Sep 2026AED 1,277,024807 sq ft1,582Resale

How we worked out the value

We took the 12 resale sales of units ending 01 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,470). We multiplied it by the size of this unit (885 sq ft). The range uses the middle half of those sales (AED 1,437 to AED 1,608 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,500,000. Floor, view, condition and upgrades can move the price either way. Sales data to 19 Oct 2026, from the Dubai Land Department register.

Questions

What is unit 501 at Luma Park Views worth?

About AED 1,301,000 (range AED 1,272,000 to AED 1,423,000), based on AED 1,470 per sq ft from registered sales up to 19 Oct 2026.

When did unit 501 last sell?

25 May 2026, for AED 1,500,000 (resale). It has 1 registered sale.

What rent can unit 501 make?

A 1 bed in Luma Park Views rents for about AED 85,000 a year (median asking rent). That is a gross yield of 6.5% on the estimate.

Sales alert for Luma Park ViewsAll sales in Luma Park Views

Unit 502