Unit 318, Luma21: what it sold for and what it is worth now

Unit 318 at Luma21 is a studio of 420 sq ft. It last sold for AED 600,000 on 27 Sep 2024. At AED 1,596 per sq ft, from 11 sales in the building in the last 12 months (studio), it is worth about AED 670,000 today.

Value todayAED 670,000AED 610,000 to AED 703,000
Last saleAED 600,00027 Sep 2024 · Resale
Change since last sale+11.7%Building trend alone: AED 602,342
Rent (median asking, studio)AED 52,000Gross yield 7.8%
Bedroomsstudio
Size420 sq ft
Floor3 (from the unit number)
Position in the towerStack 18: units ending 18 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit3

Every registered sale of unit 318

DatePriceSizeAED/sq ftType
27 Sep 2024AED 600,000420 sq ft1,429Resale
15 Nov 2023AED 750,000420 sq ft1,786Resale
14 Mar 2023AED 548,531420 sq ft1,306Resale

Units ending 18 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21820 Feb 2023AED 510,000420 sq ft1,214Off-plan
1182 Sep 2022AED 421,000420 sq ft1,002Off-plan
41823 Aug 2022AED 441,347420 sq ft1,051Off-plan
21830 Mar 2022AED 420,330420 sq ft1,001Off-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 (420 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 602,342. 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 318 at Luma21 worth?

About AED 670,000 (range AED 610,000 to AED 703,000), based on AED 1,596 per sq ft from registered sales up to 31 Aug 2026.

When did unit 318 last sell?

27 Sep 2024, for AED 600,000 (resale). It has 3 registered sales.

What rent can unit 318 make?

A studio in Luma21 rents for about AED 52,000 a year (median asking rent). That is a gross yield of 7.8% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 317 · Unit 319