Unit 305, Luma21: what it sold for and what it is worth now

Unit 305 at Luma21 is a studio of 451 sq ft. It last sold for AED 650,000 on 16 Oct 2024. At AED 1,436 per sq ft, from 3 sales of units ending 05 (same position in the tower), it is worth about AED 648,000 today.

Value todayAED 648,000AED 613,000 to AED 649,000
Last saleAED 650,00016 Oct 2024 · Resale
Change since last sale-0.3%Building trend alone: AED 652,537
Rent (median asking, studio)AED 52,000Gross yield 8.0%
Bedroomsstudio
Size451 sq ft
Floor3 (from the unit number)
Position in the towerStack 05: units ending 05 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit2

Every registered sale of unit 305

DatePriceSizeAED/sq ftType
16 Oct 2024AED 650,000451 sq ft1,441Resale
11 May 2022AED 456,145451 sq ft1,011Off-plan

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
1055 Jan 2026AED 800,000557 sq ft1,436Resale
10511 Feb 2025AED 715,000557 sq ft1,284Resale
1051 Nov 2022AED 545,468557 sq ft979Off-plan
40521 Sep 2022AED 486,750451 sq ft1,079Off-plan
20516 Aug 2022AED 456,146451 sq ft1,011Off-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 3 resale sales of units ending 05 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,436). We multiplied it by the size of this unit (451 sq ft). The range uses the middle half of those sales (AED 1,360 to AED 1,439 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 652,537. 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 305 at Luma21 worth?

About AED 648,000 (range AED 613,000 to AED 649,000), based on AED 1,436 per sq ft from registered sales up to 31 Aug 2026.

When did unit 305 last sell?

16 Oct 2024, for AED 650,000 (resale). It has 2 registered sales.

What rent can unit 305 make?

A studio in Luma21 rents for about AED 52,000 a year (median asking rent). That is a gross yield of 8.0% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 304 · Unit 306