Luma22

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
430
Total Units
408
Sold
AED 763,200
Median Price
AED 1,400
Median Price /sqft
Construction progress: 100%
Start: Dec, 2022Completion: Aug, 2024

Luma22 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

Studio229410 sqft - 710 sqftAED 0.7M (1,630 /sqft)AED 1,720 /sqft
-5.44
1 Bed142660 sqft - 1,100 sqftAED 1.1M (1,310 /sqft)AED 1,430 /sqft
-8.14
2 Beds271,140 sqft - 2,050 sqftAED 2M (1,350 /sqft)AED 1,310 /sqft
3.28
3 Beds91,390 sqft - 2,110 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
1Apartment, 1041970 sqft19.53 sqft Check Availability
1Apartment, 1051894 sqft11.85 sqft Check Availability
1Apartment, 1081691 sqft10.11 sqft Check Availability
1Apartment, 1171840 sqft11.73 sqft Check Availability
1Apartment, 1181840 sqft11.73 sqft Check Availability
1Apartment, 1191840 sqft11.73 sqft Check Availability
1Apartment, 1201840 sqft11.73 sqft Check Availability
1Apartment, 1211789 sqft11.64 sqft Check Availability
1Apartment, 1221658 sqft11.73 sqft Check Availability
1Apartment, 1241840 sqft11.73 sqft Check Availability
1Apartment, 1261960 sqft20.84 sqft Check Availability
1Apartment, 1391734 sqft7.92 sqft Check Availability
1Apartment, 14011,098 sqft31.23 sqft Check Availability
1Apartment, 14111,091 sqft31.23 sqft Check Availability
1Apartment, 1421919 sqft31.23 sqft Check Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
No data found

Luma22 Real Estate Data – FAQ

  • What is the current property supply in Luma22?

    Luma22 has a total residential supply of approximately 141 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Luma22?

    Luma22 recorded 15 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 Luma22?

    The median transaction price in Luma22 is AED 1,480 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Luma22?

    The gross rental yield in Luma22 is approximately 8%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Luma22?

    Property prices in Luma22 have shown a capital appreciation of 16% 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 Luma22?

    There are currently 0 active off-plan projects in Luma22, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Luma22?

    The total off-plan pipeline in Luma22 includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is Luma22 a good area for property investment?

    Luma22 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 Luma22, this is %, indicating relatively strong income performance compared to global markets.

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