112, Modelux Tower 1
Sold prices and rental history: sold twice, last in December 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 112, Modelux Tower 1
What is 112 worth today?
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Source: Dubai Land Department. Updated 26 December 2021.
Key facts
- Type
- Studio apartment
- Size
- 511 sqft
- Floor
- 1st of 6
- Parking
- B-112
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 250K · December 2021
- Building
- Modelux Tower 1
About 112, Modelux Tower 1
112 is a studio of 511 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 26 December 2021 for AED 250,000, or AED 488 per sqft, 4% below the AED 508 studios in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 21 November 2020, is AED 27,000 a year: a gross yield of 10.8% on the 2021 price, before the service charge of about AED 6,800 a year.
Sales and rents for 112 over time
112 has sold twice; the dashed line is the studio median of each year in the building.
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 112 sits
All 69 studios →112 last sold in December 2021 at AED 488 per sqft, 4% below what studios in Modelux Tower 1 were fetching at the time (AED 508). 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. 112's AED 27,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Jul 202616 July 2026 | 526 sqft | 453,000 | 861 | ||
| 15 Jul 202615 July 2026 | 526 sqft | 485,000 | 922 | ||
| 10 Jun 202610 June 2026 | 521 sqft | 450,000 | 863 | ||
| 18 May 202618 May 2026 | 514 sqft | 480,000 | 933 |
Modelux Tower 1
Building78 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%
Other units on the 1st floor
All 78 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | Studio | 528 sqft | AED 360KAED 360,000 · Feb 2024February 2024 | 44,000 /yr | |
| 102 | Studio | 515 sqft | AED 250KAED 250,000 · Dec 2021December 2021 | 46,200 /yr | |
| 103 | Studio | 526 sqft | AED 490KAED 490,000 · Dec 2025December 2025 | 41,000 /yr | |
| 104 | Studio | 522 sqft | No registered sale | 41,000 /yr | |
| 105 | Studio | 521 sqft | AED 450KAED 450,000 · Feb 2018February 2018 | ||
| 106 | Studio | 522 sqft | AED 445KAED 445,000 · Apr 2026April 2026 | 44,000 /yr | |
| 107 | Studio | 515 sqft | AED 220KAED 220,000 · Apr 2021April 2021 | 40,000 /yr | |
| 108 | Studio | 523 sqft | AED 275KAED 275,000 · Feb 2020February 2020 | ||
| 109 | Studio | 497 sqft | AED 500KAED 500,000 · Feb 2026February 2026 | 57,600 /yr | |
| 110 | Studio | 449 sqft | AED 260KAED 260,000 · Dec 2019December 2019 | 38,000 /yr | |
| 111 | Studio | 449 sqft | AED 200KAED 200,000 · May 2021May 2021 | 20,000 /yr | |
| 113 | Studio | 512 sqft | AED 465KAED 465,000 · Dec 2017December 2017 | 42,000 /yr | |
| 114 | Studio | 505 sqft | AED 499KAED 499,000 · Dec 2017December 2017 | 40,000 /yr | |
| 115 | 2-bed | 830 sqft | AED 221KAED 221,000 · Feb 2021February 2021 | 40,000 /yr |
112, Modelux Tower 1 in numbers
- Sold twice: first on 7 April 2019 for AED 355,000, last on 26 December 2021 for AED 250,000 (AED 488 per sqft).
- Rented since November 2019 on 2 Ejari contracts, at AED 27,000 a year.
- At AED 27,000 a year the gross yield on the 2021 price is 10.8%, before a service charge of about AED 6,800 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 26 December 2021.
Questions about 112, Modelux Tower 1
What did unit 112 last sell for?
AED 250,000 on 26 December 2021: AED 488 per sqft for 511 sqft. The unit has 2 registered sales; the first was AED 355,000 in April 2019.
What is the rent for unit 112?
AED 27,000 a year on the contract signed on 21 November 2020. The previous contract, from November 2019, was AED 27,000.
How big is unit 112?
511 sqft (47.5 sqm): a studio on the 1st floor of a 6-storey tower completed in 2017.
What is unit 112 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 112, Modelux Tower 1
Starts from the last sale price (AED 250K, 26 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 250,000
- Deposit, UAE resident (20%)
- AED 50,000
- Deposit, non-resident (40%)
- AED 100,000
- Monthly over 25 years at 3.7%
- AED 1,023
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →