Luma21

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by TownX
256
Total Units
239
Sold
AED 552,000
Median Price
AED 1,170
Median Price /sqft
Construction progress: 100%
Start: Dec, 2021Completion: Feb, 2023

Luma21 Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio191420 sqft - 560 sqftAED 0.7M (1,580 /sqft)AED 1,720 /sqft
-8.64
1 Bed39600 sqft - 1,080 sqftAED 0.9M (1,310 /sqft)AED 1,430 /sqft
-7.75
2 Beds31,140 sqft - 1,140 sqftAED 1.6M (1,420 /sqft)AED 1,310 /sqft
8.98
3 Beds51,180 sqft - 1,260 sqftAED 1,440 /sqft
0

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
Commercial, 1-ST0114 sqftCheck Availability
Commercial, 1-ST0114 sqftCheck Availability
Commercial, 1-ST0224 sqftCheck Availability
Commercial, 1-ST0224 sqftCheck Availability
Commercial, 2-ST0114 sqftCheck Availability
Commercial, 2-ST0114 sqftCheck Availability
Commercial, 2-ST0224 sqftCheck Availability
Commercial, 2-ST0224 sqftCheck Availability
Commercial, 3-ST0114 sqftCheck Availability
Commercial, 3-ST0114 sqftCheck Availability
Commercial, 3-ST0224 sqftCheck Availability
Commercial, 3-ST0224 sqftCheck Availability
Commercial, 4-ST0114 sqftCheck Availability
Commercial, 4-ST0114 sqftCheck Availability
Commercial, 4-ST0224 sqftCheck Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment761 sqft5.91 sqft 1AED 1,100,000AED 1,445 /sqft 17, Jun 2025
1Apartment892 sqft31.29 sqft 1AED 984,000AED 1,103 /sqft 23, Jun 2026
1Apartment1,078 sqft35.51 sqft 1AED 865,010AED 802 /sqft 28, Jul 2022
1Apartment1,079 sqft35.62 sqft 1AED 845,642AED 787 /sqft 18, Aug 2022
1Apartment696 sqft6.01 sqft 1AED 779,755AED 1,120 /sqft 07, Oct 2022
1Apartment767 sqft6.11 sqft 1AED 743,505AED 971 /sqft 23, Aug 2022
1Apartment596 sqft5.98 sqft 1AED 720,000AED 1,208 /sqft 15, Aug 2023
1Apartment700 sqft6.08 sqft 1AED 715,164AED 1,022 /sqft 19, Oct 2022
1Apartment699 sqft5.91 sqft 1AED 714,635AED 1,022 /sqft 19, Oct 2022
3Apartment1,184 sqft5.76 sqft 1AED 1,195,760AED 1,010 /sqft 06, Sep 2022
StudioApartment557 sqft15.8 sqft 1AED 800,000AED 1,436 /sqft 05, Jan 2026
StudioApartment552 sqft15.7 sqft 1AED 735,000AED 1,332 /sqft 26, Mar 2026
StudioApartment556 sqft15.7 sqft 1AED 720,000AED 1,295 /sqft 04, Feb 2025
StudioApartment556 sqft15.6 sqft 1AED 715,000AED 1,286 /sqft 29, May 2024
StudioApartment552 sqft15.7 sqft 1AED 710,000AED 1,286 /sqft 04, Mar 2024

Luma21 Real Estate Data – FAQ

  • What is the current property supply in Luma21?

    Luma21 has a total residential supply of approximately 81 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Luma21?

    Luma21 recorded 17 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Luma21?

    The median transaction price in Luma21 is AED 1,440 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Luma21?

    The gross rental yield in Luma21 is approximately 10%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Luma21?

    Property prices in Luma21 have shown a capital appreciation of 7% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Luma21?

    There are currently 0 active off-plan projects in Luma21, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Luma21?

    The total off-plan pipeline in Luma21 includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is Luma21 a good area for property investment?

    Luma21 is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Luma21, this is %, indicating relatively strong income performance compared to global markets.

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