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Studio · 449 sqftModelux Tower 1, International City Phase 2 & 3 · 1st floor · completed 2017

111, Modelux Tower 1

Sold prices and rental history: sold twice, last in May 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 27 February 2022
Last soldAED 200K23 May 2021
Current rentAED 20K /yr27 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 111, Modelux Tower 1

What is 111 worth today?

Last sold for AED 200,000 in 2021

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27 Feb 2022RentedRenewal
AED 20,000/yr12 months · AED 45 per sqft
23 May 2021SoldReady
AED 200,000AED 445 per sqft
27 Jan 2021RentedNew contract
AED 20,000/yr13 months · AED 44 per sqft
12 Nov 2019RentedNew contract
AED 23,934/yr12 months · AED 53 per sqft
22 Jul 2019Sold by developerReady
AED 280,000AED 623 per sqft

Source: Dubai Land Department. Updated 27 February 2022.

Key facts

Type
Studio apartment
Size
449 sqft
Floor
1st of 6
Parking
B-111
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 6,000 /yr
Last sold
AED 200K · May 2021
Building
Modelux Tower 1

About 111, Modelux Tower 1

111 is a studio of 449 sqft on the 1st floor of Modelux Tower 1, a 6-storey tower in International City Phase 2 & 3 completed in 2017 by Modelux Real Estate Development. It last sold on 23 May 2021 for AED 200,000, or AED 445 per sqft, 22% below the AED 570 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 27 February 2022, is AED 20,000 a year: a gross yield of 10.0% on the 2021 price, before the service charge of about AED 6,000 a year.

Sales and rents for 111 over time

Sales
Unit 111, each saleTypical studio in Modelux Tower 1
200K400K2017202020232026Typical sale price by year: 2017 AED 492,500; 2018 AED 435,000; 2019 AED 355,000; 2020 AED 410,000; 2021 AED 260,000; 2022 AED 270,000; 2023 AED 375,000; 2024 AED 385,000; 2025 AED 465,000; 2026 AED 480,000Sold by developer, July 2019: AED 280,000 (AED 623 per sqft)Sold, May 2021: AED 200,000 (AED 445 per sqft)

111 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 111, each contractTypical studio in Modelux Tower 1
20K30K40K2018202120242027Typical rent by year: 2018 AED 34,500; 2019 AED 28,000; 2020 AED 25,500; 2021 AED 23,000; 2022 AED 24,000; 2023 AED 27,000; 2024 AED 31,000; 2025 AED 35,000; 2026 AED 41,000New contract, November 2019: AED 23,934 a yearNew contract, January 2021: AED 20,000 a yearRenewal, February 2022: AED 20,000 a year

Annual rent on each registered contract; the dashed line is the studio median of each year in the building.

Studios in Modelux Tower 1, and where 111 sits

All 69 studios →

111 last sold in May 2021 at AED 445 per sqft, 22% below what studios in Modelux Tower 1 were fetching at the time (AED 570). Over the last 12 months studios sold for AED 445,000 to 500,000, around AED 922 per sqft, and rent for AED 28,000 to 57,600 a year. 111's AED 20,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Jul 2026453,000
15 Jul 2026485,000
10 Jun 2026450,000
18 May 2026480,000
9 studio sales in the last 12 months

Modelux Tower 1

Building

78 apartments, studios to 2-bed over 6 floors in International City Phase 2 & 3, completed in 2017 by Modelux Real Estate Development. 9 sold in the last 12 months.

Typical price per sqft
AED 922
Typical sale
AED 480K
Typical rent
AED 41K /yr
Typical yield
8.5%
Modelux Tower 1, International City Phase 2 & 3: prices, sales and rents →

Other units on the 1st floor

All 78 units in Modelux Tower 1
Value
101StudioAED 360K · Feb 2024
102StudioAED 250K · Dec 2021
103StudioAED 490K · Dec 2025
104StudioNo registered sale
105StudioAED 450K · Feb 2018
106StudioAED 445K · Apr 2026
107StudioAED 220K · Apr 2021
1–7 of 14

111, Modelux Tower 1 in numbers

  • Sold twice: first on 22 July 2019 for AED 280,000, last on 23 May 2021 for AED 200,000 (AED 445 per sqft).
  • Rented since November 2019 on 3 Ejari contracts, from AED 23,934 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2021 price is 10.0%, before a service charge of about AED 6,000 a year (AED 13.28 per sqft).
  • Studios in Modelux Tower 1 sold for AED 445,000–500,000 in the 12 months to November 2026; the building's median across all types is AED 922 per sqft.

Source: Dubai Land Department. Updated 27 February 2022.

Questions about 111, Modelux Tower 1

What did unit 111 last sell for?

AED 200,000 on 23 May 2021: AED 445 per sqft for 449 sqft. The unit has 2 registered sales; the first was AED 280,000 in July 2019.

What is the rent for unit 111?

AED 20,000 a year on the contract renewed on 27 February 2022. The previous contract, from January 2021, was AED 20,000; the unit has been rented since November 2019.

How big is unit 111?

449 sqft (41.7 sqm): a studio on the 1st floor of a 6-storey tower completed in 2017.

What is unit 111 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Modelux Tower 1 sold for AED 445,000 to 500,000 in the last 12 months, around AED 922 per sqft.

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Mortgage on 111, Modelux Tower 1

Starts from the last sale price (AED 200K, 23 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 200,000
Deposit, UAE resident (20%)
AED 40,000
Deposit, non-resident (40%)
AED 80,000
Monthly over 25 years at 3.7%
AED 818

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →