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
Construction progress: 100% (As of Feb-2023)
Start: Dec, 2021 Completion: Feb, 2023

Luma21 Price Ranges by Unit Size, Compared to Area Prices

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.

Sold properties

Luma21 Real Estate Data – FAQ

  • What is the current property supply in Luma21?

    Luma21 has a total residential supply of approximately 69 units. This represents completed and available inventory within the area.

    #LIST_BADGE#
  • 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.

    #LIST_BADGE#
  • What is the average price /sqft in Luma21?

    The median transaction price in Luma21 is AED 1,470 /sqft , based on actual recorded sales transactions, not listing prices.

    #LIST_BADGE#
  • What rental yield can investors expect in Luma21?

    The gross rental yield in Luma21 is approximately 10.0%, calculated using median rental income divided by median sale prices for comparable properties.

    #LIST_BADGE#
  • How much have property prices increased in Luma21?

    Property prices in Luma21 have shown a capital appreciation of -3.1% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

    #LIST_BADGE#
  • 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.

    #LIST_BADGE#
  • 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.

    #LIST_BADGE#
  • 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 10.0%, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

    #LIST_BADGE#
  • 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.

    #LIST_BADGE#
  • 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.

    #LIST_BADGE#
  • 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 10.0%, indicating relatively strong income performance compared to global markets.

    #LIST_BADGE#