Unit 401, Luma21: what it sold for and what it is worth now

Unit 401 at Luma21 is a 1 bed of 696 sq ft. It last sold for AED 965,000 on 27 Nov 2023. At AED 1,379 per sq ft, from 4 sales in the building in the last 12 months (1 bed), it is worth about AED 960,000 today.

Value todayAED 960,000AED 878,000 to AED 1,036,000
Last saleAED 965,00027 Nov 2023 · Resale
Change since last sale-0.5%Building trend alone: AED 1,046,343
Rent (median asking, 1 bed)AED 80,000Gross yield 8.3%
Bedrooms1 bed
Size696 sq ft
Floor4 (from the unit number)
Position in the towerStack 01: units ending 01 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit2

Every registered sale of unit 401

DatePriceSizeAED/sq ftType
27 Nov 2023AED 965,000696 sq ft1,386Resale
18 Oct 2022AED 793,504696 sq ft1,140Off-plan

Units ending 01 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20131 Aug 2026AED 915,000696 sq ft1,315Resale
2012 Nov 2022AED 777,805696 sq ft1,118Off-plan
1017 Oct 2022AED 779,755696 sq ft1,120Off-plan
3015 Sep 2022AED 696,031696 sq ft1,000Off-plan

Latest 1 bed sales in Luma21

UnitDatePriceSizeAED/sq ftType
20131 Aug 2026AED 915,000696 sq ft1,315Resale
10323 Jun 2026AED 984,000892 sq ft1,103Resale
44022 Oct 2025AED 860,000596 sq ft1,443Resale
34423 Sep 2025AED 1,235,000761 sq ft1,623Resale
25126 Jun 2025AED 1,000,000699 sq ft1,431Resale
14317 Jun 2025AED 1,100,000761 sq ft1,445Resale
25016 Apr 2025AED 1,300,000700 sq ft1,857Resale
30328 May 2024AED 999,999621 sq ft1,610Resale

How we worked out the value

We took the 4 sales in Luma21 in the last 12 months (1 bed), worked out the price per sq ft of each, and used the middle value (AED 1,379). We multiplied it by the size of this unit (696 sq ft). The range uses the middle half of those sales (AED 1,262 to AED 1,488 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 1,046,343. 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 401 at Luma21 worth?

About AED 960,000 (range AED 878,000 to AED 1,036,000), based on AED 1,379 per sq ft from registered sales up to 31 Aug 2026.

When did unit 401 last sell?

27 Nov 2023, for AED 965,000 (resale). It has 2 registered sales.

What rent can unit 401 make?

A 1 bed in Luma21 rents for about AED 80,000 a year (median asking rent). That is a gross yield of 8.3% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 357 · Unit 402