114, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in December 2017, and rented once, from June 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 114, Modelux Tower 1
What is 114 worth today?
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Source: Dubai Land Department. Updated 15 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 505 sqft
- Floor
- 1st of 6
- Parking
- B-114
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,700 /yr
- Last sold
- AED 499K · December 2017
- Building
- Modelux Tower 1
About 114, Modelux Tower 1
114 is a studio of 505 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. The developer sold it on 10 December 2017 for AED 499,000, or AED 988 per sqft, 5% above the AED 940 studios in the building were fetching at the time.
One Ejari contract is registered, from 15 June 2026. The current contract, signed on 15 June 2026, is AED 40,000 a year: a gross yield of 8.0% on the 2017 price, before the service charge of about AED 6,700 a year.
Sales and rents for 114 over time
114 has sold once; 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 114 sits
All 69 studios →114 last sold in December 2017 at AED 988 per sqft, 5% above what studios in Modelux Tower 1 were fetching at the time (AED 940). 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. 114's AED 40,000 is in the lower half 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 | |
| 112 | Studio | 511 sqft | AED 250KAED 250,000 · Dec 2021December 2021 | 27,000 /yr | |
| 113 | Studio | 512 sqft | AED 465KAED 465,000 · Dec 2017December 2017 | 42,000 /yr | |
| 115 | 2-bed | 830 sqft | AED 221KAED 221,000 · Feb 2021February 2021 | 40,000 /yr |
114, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 10 December 2017 for AED 499,000, or AED 988 per sqft.
- Rented since June 2026 on one Ejari contract, at AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2017 price is 8.0%, before a service charge of about AED 6,700 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 15 June 2026.
Questions about 114, Modelux Tower 1
What did unit 114 last sell for?
AED 499,000 on 10 December 2017, sold by the developer: AED 988 per sqft for 505 sqft. It is the only registered sale of the unit.
What is the rent for unit 114?
AED 40,000 a year on the contract signed on 15 June 2026.
How big is unit 114?
505 sqft (46.9 sqm): a studio on the 1st floor of a 6-storey tower completed in 2017.
What is unit 114 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 114, Modelux Tower 1
Starts from the last sale price (AED 499K, 10 December 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 499,000
- Deposit, UAE resident (20%)
- AED 99,800
- Deposit, non-resident (40%)
- AED 199,600
- Monthly over 25 years at 3.7%
- AED 2,042
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →