Unit 248, Luma21: what it sold for and what it is worth now

Unit 248 at Luma21 is a studio of 447 sq ft. It last sold for AED 765,000 on 7 Jan 2026. At AED 1,596 per sq ft, from 11 sales in the building in the last 12 months (studio), it is worth about AED 714,000 today.

Value todayAED 714,000AED 649,000 to AED 748,000
Last saleAED 765,0007 Jan 2026 · Resale
Change since last sale-6.7%Building trend alone: AED 747,545
Rent (median asking, studio)AED 52,000Gross yield 7.3%
Bedroomsstudio
Size447 sq ft
Floor2 (from the unit number)
Position in the towerStack 48: units ending 48 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit2

Every registered sale of unit 248

DatePriceSizeAED/sq ftType
7 Jan 2026AED 765,000447 sq ft1,711Resale
19 Aug 2022AED 469,487447 sq ft1,050Off-plan

Units ending 48 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
4483 Mar 2026AED 760,000447 sq ft1,700Resale
1484 Mar 2024AED 710,000552 sq ft1,286Resale
34814 Mar 2023AED 583,505447 sq ft1,305Resale
14831 Oct 2022AED 541,038552 sq ft980Off-plan
4485 Sep 2022AED 447,130447 sq ft1,000Off-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
1055 Jan 2026AED 800,000557 sq ft1,436Resale
1285 Nov 2025AED 695,000422 sq ft1,647Resale
G2524 Oct 2025AED 660,000502 sq ft1,315Resale

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 (447 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 747,545. 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 248 at Luma21 worth?

About AED 714,000 (range AED 649,000 to AED 748,000), based on AED 1,596 per sq ft from registered sales up to 31 Aug 2026.

When did unit 248 last sell?

7 Jan 2026, for AED 765,000 (resale). It has 2 registered sales.

What rent can unit 248 make?

A studio in Luma21 rents for about AED 52,000 a year (median asking rent). That is a gross yield of 7.3% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 247 · Unit 249