Unit 407, Luma21: what it sold for and what it is worth now

Unit 407 at Luma21 is a 1 bed of 767 sq ft. It last sold for AED 804,825 on 31 Aug 2022. 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 1,058,000 today.

Value todayAED 1,058,000AED 968,000 to AED 1,141,000
Last saleAED 804,82531 Aug 2022 · Off-plan
Change since last sale+31.5% 
Rent (median asking, 1 bed)AED 80,000Gross yield 7.6%
Bedrooms1 bed
Size767 sq ft
Floor4 (from the unit number)
Position in the towerStack 07: units ending 07 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit1

Every registered sale of unit 407

DatePriceSizeAED/sq ftType
31 Aug 2022AED 804,825767 sq ft1,049Off-plan

Units ending 07 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
20726 Jan 2024AED 960,000767 sq ft1,252Resale
30726 Sep 2022AED 758,472767 sq ft989Off-plan
10723 Aug 2022AED 743,505767 sq ft969Off-plan
20716 Jun 2022AED 766,500767 sq ft999Off-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 (767 sq ft). The range uses the middle half of those sales (AED 1,262 to AED 1,488 per sq ft). 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 407 at Luma21 worth?

About AED 1,058,000 (range AED 968,000 to AED 1,141,000), based on AED 1,379 per sq ft from registered sales up to 31 Aug 2026.

When did unit 407 last sell?

31 Aug 2022, for AED 804,825 (off-plan). It has 1 registered sale.

What rent can unit 407 make?

A 1 bed in Luma21 rents for about AED 80,000 a year (median asking rent). That is a gross yield of 7.6% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 406 · Unit 408