Unit 423, Luma21: what it sold for and what it is worth now

Unit 423 at Luma21 is a studio of 422 sq ft. It last sold for AED 443,048 on 25 Aug 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 674,000 today.

Value todayAED 674,000AED 613,000 to AED 706,000
Last saleAED 443,04825 Aug 2022 · Off-plan
Change since last sale+52.1% 
Rent (median asking, studio)AED 52,000Gross yield 7.7%
Bedroomsstudio
Size422 sq ft
Floor4 (from the unit number)
Position in the towerStack 23: units ending 23 share the same layout and view
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit1

Every registered sale of unit 423

DatePriceSizeAED/sq ftType
25 Aug 2022AED 443,048422 sq ft1,050Off-plan

Units ending 23 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
22325 Jun 2024AED 640,000422 sq ft1,517Resale
32314 Mar 2023AED 550,645422 sq ft1,305Resale
22314 Mar 2023AED 550,645422 sq ft1,305Resale
1236 Sep 2022AED 423,849422 sq ft1,004Off-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 (422 sq ft). The range uses the middle half of those sales (AED 1,453 to AED 1,674 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 423 at Luma21 worth?

About AED 674,000 (range AED 613,000 to AED 706,000), based on AED 1,596 per sq ft from registered sales up to 31 Aug 2026.

When did unit 423 last sell?

25 Aug 2022, for AED 443,048 (off-plan). It has 1 registered sale.

What rent can unit 423 make?

A studio in Luma21 rents for about AED 52,000 a year (median asking rent). That is a gross yield of 7.7% on the estimate.

Sales alert for Luma21All sales in Luma21

Unit 422 · Unit 424