Unit 119, Luma21: what it sold for and what it is worth now

Unit 119 at Luma21 is a studio of 422 sq ft. It last sold for AED 500,000 on 1 Feb 2023. At AED 1,596 per sq ft, from 11 sales in the building in the last 12 months (studio), it is worth about AED 674,000 today.

Value todayAED 674,000AED 613,000 to AED 706,000
Last saleAED 500,0001 Feb 2023 · Off-plan
Change since last sale+34.8%Building trend alone: AED 583,405
Rent (median asking, studio)AED 52,000Gross yield 7.7%
Bedroomsstudio
Size422 sq ft
Floor1 (from the unit number)
Position in the towerStack 19: units ending 19 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit2

Every registered sale of unit 119

DatePriceSizeAED/sq ftType
1 Feb 2023AED 500,000422 sq ft1,185Off-plan
10 Aug 2022AED 421,740422 sq ft999Off-plan

Units ending 19 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21925 Jun 2024AED 640,000422 sq ft1,517Resale
31920 Feb 2024AED 650,000422 sq ft1,540Resale
41923 Aug 2023AED 625,000422 sq ft1,481Resale
31914 Mar 2023AED 550,645422 sq ft1,305Resale
21913 Mar 2023AED 550,645422 sq ft1,305Resale
4194 Sep 2022AED 434,188422 sq ft1,029Off-plan

Latest studio sales in Luma21

UnitDatePriceSizeAED/sq ftType
13929 Jun 2026AED 680,000426 sq ft1,596Resale
14626 Mar 2026AED 735,000552 sq ft1,332Resale
4483 Mar 2026AED 760,000447 sq ft1,700Resale
22711 Feb 2026AED 665,000422 sq ft1,576Resale
2307 Jan 2026AED 730,000423 sq ft1,726Resale
2487 Jan 2026AED 765,000447 sq ft1,711Resale
1055 Jan 2026AED 800,000557 sq ft1,436Resale
1285 Nov 2025AED 695,000422 sq ft1,647Resale

How we worked out the value

We took the 11 sales in Luma21 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,596). We multiplied it by the size of this unit (422 sq ft). The range uses the middle half of those sales (AED 1,453 to AED 1,674 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 583,405. Floor, view, condition and upgrades can move the price either way. Sales data to 31 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 119 at Luma21 worth?

About AED 674,000 (range AED 613,000 to AED 706,000), based on AED 1,596 per sq ft from registered sales up to 31 Aug 2026.

When did unit 119 last sell?

1 Feb 2023, for AED 500,000 (off-plan). It has 2 registered sales.

What rent can unit 119 make?

A studio in Luma21 rents for about AED 52,000 a year (median asking rent). That is a gross yield of 7.7% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 118 · Unit 120