Unit 416, Luma21: what it sold for and what it is worth now

Unit 416 at Luma21 is a studio of 490 sq ft. It last sold for AED 486,879 on 21 Sep 2022. At AED 1,596 per sq ft, from 11 sales in the building in the last 12 months (studio), it is worth about AED 782,000 today.

Value todayAED 782,000AED 712,000 to AED 820,000
Last saleAED 486,87921 Sep 2022 · Off-plan
Change since last sale+60.6%Building trend alone: AED 568,095
Rent (median asking, studio)AED 52,000Gross yield 6.6%
Bedroomsstudio
Size490 sq ft
Floor4 (from the unit number)
Position in the towerStack 16: units ending 16 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit1

Every registered sale of unit 416

DatePriceSizeAED/sq ftType
21 Sep 2022AED 486,879490 sq ft994Off-plan

Units ending 16 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
21615 Dec 2022AED 493,526490 sq ft1,007Off-plan
3163 Nov 2022AED 513,681490 sq ft1,048Off-plan
1161 Nov 2022AED 489,330490 sq ft999Off-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 (490 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 568,095. 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 416 at Luma21 worth?

About AED 782,000 (range AED 712,000 to AED 820,000), based on AED 1,596 per sq ft from registered sales up to 31 Aug 2026.

When did unit 416 last sell?

21 Sep 2022, for AED 486,879 (off-plan). It has 1 registered sale.

What rent can unit 416 make?

A studio in Luma21 rents for about AED 52,000 a year (median asking rent). That is a gross yield of 6.6% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 415 · Unit 417