Unit G31, Luma21: what it sold for and what it is worth now

Unit G31 at Luma21 is a studio of 502 sq ft. It last sold for AED 675,000 on 28 Nov 2023. At AED 1,596 per sq ft, from 11 sales in the building in the last 12 months (studio), it is worth about AED 801,000 today.

Value todayAED 801,000AED 729,000 to AED 840,000
Last saleAED 675,00028 Nov 2023 · Resale
Change since last sale+18.7%Building trend alone: AED 721,097
Rent (median asking, studio)AED 52,000Gross yield 6.5%
Bedroomsstudio
Size502 sq ft
BuildingLuma21 by TownX, handed over 2023
Registered sales of this unit2

Every registered sale of unit G31

DatePriceSizeAED/sq ftType
28 Nov 2023AED 675,000502 sq ft1,345Resale
29 Sep 2022AED 540,844502 sq ft1,077Off-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 (502 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 721,097. 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 G31 at Luma21 worth?

About AED 801,000 (range AED 729,000 to AED 840,000), based on AED 1,596 per sq ft from registered sales up to 31 Aug 2026.

When did unit G31 last sell?

28 Nov 2023, for AED 675,000 (resale). It has 2 registered sales.

What rent can unit G31 make?

A studio in Luma21 rents for about AED 52,000 a year (median asking rent). That is a gross yield of 6.5% on the estimate.

Sales alert for Luma21All sales in Luma21

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