Unit 254, Luma21: what it sold for and what it is worth now

Unit 254 at Luma21 is a studio of 447 sq ft. It last sold for AED 575,000 on 18 May 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 714,000 today.

Value todayAED 714,000AED 649,000 to AED 748,000
Last saleAED 575,00018 May 2023 · Resale
Change since last sale+24.2%Building trend alone: AED 670,916
Rent (median asking, studio)AED 52,000Gross yield 7.3%
Bedroomsstudio
Size447 sq ft
Floor2 (from the unit number)
Position in the towerStack 54: units ending 54 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit2

Every registered sale of unit 254

DatePriceSizeAED/sq ftType
18 May 2023AED 575,000447 sq ft1,286Resale
8 Aug 2022AED 447,230447 sq ft1,001Off-plan

Units ending 54 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
35431 Oct 2024AED 675,000447 sq ft1,510Resale
4545 Apr 2023AED 550,000447 sq ft1,230Resale
15425 Sep 2022AED 496,987552 sq ft900Off-plan
35423 Aug 2022AED 451,701447 sq ft1,011Off-plan
45422 Aug 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
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 (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 670,916. 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 254 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 254 last sell?

18 May 2023, for AED 575,000 (resale). It has 2 registered sales.

What rent can unit 254 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 253 · Unit 255