Unit 229, Luma21: what it sold for and what it is worth now

Unit 229 at Luma21 is a studio of 421 sq ft. It last sold for AED 550,645 on 14 Mar 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 672,000 today.

Value todayAED 672,000AED 612,000 to AED 705,000
Last saleAED 550,64514 Mar 2023 · Resale
Change since last sale+22.0%Building trend alone: AED 642,498
Rent (median asking, studio)AED 52,000Gross yield 7.7%
Bedroomsstudio
Size421 sq ft
Floor2 (from the unit number)
Position in the towerStack 29: units ending 29 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit1

Every registered sale of unit 229

DatePriceSizeAED/sq ftType
14 Mar 2023AED 550,645421 sq ft1,308Resale

Units ending 29 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
42917 Dec 2024AED 640,000421 sq ft1,520Resale
1291 Jun 2023AED 601,800421 sq ft1,429Resale
32914 Mar 2023AED 550,645421 sq ft1,308Resale
4294 Oct 2022AED 469,320421 sq ft1,115Off-plan
12917 Aug 2022AED 432,499421 sq ft1,027Off-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 (421 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 642,498. 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 229 at Luma21 worth?

About AED 672,000 (range AED 612,000 to AED 705,000), based on AED 1,596 per sq ft from registered sales up to 31 Aug 2026.

When did unit 229 last sell?

14 Mar 2023, for AED 550,645 (resale). It has 1 registered sale.

What rent can unit 229 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 228 · Unit 230