Unit 245, Luma21: what it sold for and what it is worth now

Unit 245 at Luma21 is a studio of 452 sq ft. It last sold for AED 585,000 on 3 Jul 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 722,000 today.

Value todayAED 722,000AED 657,000 to AED 756,000
Last saleAED 585,0003 Jul 2023 · Resale
Change since last sale+23.4%Building trend alone: AED 682,584
Rent (median asking, studio)AED 52,000Gross yield 7.2%
Bedroomsstudio
Size452 sq ft
Floor2 (from the unit number)
Position in the towerStack 45: units ending 45 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit2

Every registered sale of unit 245

DatePriceSizeAED/sq ftType
3 Jul 2023AED 585,000452 sq ft1,294Resale
7 Jun 2022AED 451,110452 sq ft998Off-plan

Units ending 45 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
1454 Feb 2025AED 720,000556 sq ft1,295Resale
34518 Mar 2024AED 685,000452 sq ft1,515Resale
34514 Mar 2023AED 588,568452 sq ft1,302Resale
44513 Mar 2023AED 540,000452 sq ft1,195Resale
14525 Aug 2022AED 507,010556 sq ft912Off-plan
44525 May 2022AED 479,665452 sq ft1,061Off-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 (452 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 682,584. 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 245 at Luma21 worth?

About AED 722,000 (range AED 657,000 to AED 756,000), based on AED 1,596 per sq ft from registered sales up to 31 Aug 2026.

When did unit 245 last sell?

3 Jul 2023, for AED 585,000 (resale). It has 2 registered sales.

What rent can unit 245 make?

A studio in Luma21 rents for about AED 52,000 a year (median asking rent). That is a gross yield of 7.2% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 244 · Unit 246