Project · Transactions · 2023

Luma21 Property Transactions 2023

89 property sales worth AED 54.98M were registered in Luma21 in 2023, 53.9% lower than 2022 by number of sales. The median sale price was AED 550,645 and the median price per square foot AED 1,305 (+29.1% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 89 salesUpdated: 19 Oct 2026
Property sales
89
−53.9% vs 2022
1 Jan – 31 Dec 2023
Total value
AED 54.98M
−47.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
AED 550,645
+19.7% vs 2022
89 sales
Median price per sq ft
AED 1,305
+29.1% vs 2022
89 sales

What types of property sold in Luma21 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments89100%AED 54.98MAED 550,645AED 1,305

How were 2023 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)4550.6%AED 25.83MAED 550,645AED 1,305
Resale (secondary)4449.4%AED 29.16MAED 600,000AED 1,282
Off-plan55.6%AED 2.38MAED 485,000AED 1,149
Ready8494.4%AED 52.61MAED 561,255AED 1,305

How many rental contracts were registered in Luma21 in 2023?

181 rental contracts (new and renewed) were registered in Luma21 in 2023, at a median annual rent of AED 50,000. Rental yields in Luma21

What were the most expensive property sales in Luma21 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
19/12/2023Luma213 beds · Apartment1,263 sq ftAED 1,253,250Primary · Ready
17/05/2023Luma212 beds · Apartment1,144 sq ftAED 1,200,000Resale · Ready
19/10/2023Luma211 bed · Apartment761 sq ftAED 1,185,000Resale · Ready
21/12/2023Luma211 bed · Apartment761 sq ftAED 1,140,000Resale · Ready
29/05/2023Luma211 bed · Apartment761 sq ftAED 1,000,000Resale · Ready
27/11/2023Luma211 bed · Apartment696 sq ftAED 965,000Resale · Ready
02/05/2023Luma211 bed · Apartment761 sq ftAED 950,000Resale · Ready
29/05/2023Luma211 bed · Apartment699 sq ftAED 870,000Resale · Ready
17/04/2023Luma211 bed · Apartment761 sq ftAED 790,000Resale · Ready
18/12/2023Luma211 bed · Apartment596 sq ftAED 780,000Resale · Ready

What were the last registered sales of 2023?

No transactions on record for this selection.

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2023 with the whole of 2022.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/luma21/2023
Luma21 Property Transactions 2023. DXBinteract, data to 19 Oct 2026. https://dxbinteract.com/dubai-property-transactions/luma21/2023

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Luma21 in 2023?
89 property sales worth AED 54,983,615 were registered in Luma21 in 2023. That is 53.9% lower than 2022.
What was the median property price in Luma21 in 2023?
The median sale price was AED 550,645 and the median price per square foot AED 1,305 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Luma21 were off-plan or from developers?
Developer (primary) sales were 50.6% of the 89 sales and resales 49.4%. Off-plan units made up 5.6% and ready units 94.4%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 19 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/luma21/2023