After coming up short on his approach shot on the extra hole, Jimenez went on to miss a par putt, but Luiten drained his own attempt to become the first Netherlands native to win the event since 2003.
Luiten -- who claimed his third career crown -- carded a 2-under 68 in the final round to end in a 12-under-268 tie with Jimenez (3-under 67) at Kennemer Golf & Country Club.
"I don't know what it means for Dutch golf, but I think it's pretty big," he said. "Maarten Lafeber won it in 2003 and that was huge, and to have another Dutch winner now I think it will help the game here and hopefully we can create more Dutch winners for this tournament."
One shot further back at 8-under 273 was Julien Quesne (70).