2-bed · 830 sqftModelux Tower 1, International City Phase 2 & 3 · 1st floor · completed 2017

115, Modelux Tower 1

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

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Unit 115 · DLD and Ejari recordsUpdated 27 February 2023

Last soldAED 221K10 February 2021

Current rentAED 40K /yr27 February 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 115, Modelux Tower 1

Today

What is 115 worth today?

Last sold for AED 221,000 in 2021

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27 Feb 2023

27 Feb 2023RentedNew contract

AED 40,000/yr12 months · AED 48 per sqft

1 Apr 2022

1 Apr 2022RentedNew contract

AED 36,000/yr12 months · AED 43 per sqft

10 May 2021

10 May 2021RentedNew contract

AED 36,000/yr12 months · AED 43 per sqft

10 Feb 2021

10 Feb 2021SoldReady · flagged as an outlier

AED 221,000AED 266 per sqft

5 Apr 2019

5 Apr 2019RentedNew contract

AED 45,000/yr12 months · AED 54 per sqft

10 Dec 2017

10 Dec 2017Sold by developerOff-plan

AED 779,000AED 939 per sqft

Source: Dubai Land Department. Updated 27 February 2023.

Key facts

Type: 2-bed apartment
Size: 830 sqft
Floor: 1st of 6
Parking: B-115
Developer: Modelux Real Estate Development
Completed: 2017
Service charge: AED 11,000 /yr
Last sold: AED 221K · February 2021
Building: Modelux Tower 1

About 115, Modelux Tower 1

115 is a two-bedroom apartment of 830 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 10 February 2021 for AED 221,000, or AED 266 per sqft.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 27 February 2023, is AED 40,000 a year: a gross yield of 18.1% on the 2021 price, before the service charge of about AED 11,000 a year.

Sales and rents for 115 over time

Rents

Unit 115, each contractTypical two-bed in Modelux Tower 1

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

2-beds in Modelux Tower 1, and where 115 sits

All 6 2-beds →

Modelux Tower 1 · all types922 /sqft

Recent 2-bed sales	Size	Price (AED)	Per sqft
20 Oct 202520 October 2025	946 sqft	850,000	898
10 Sep 202510 September 2025	946 sqft	830,000	877
5 Apr 20245 April 2024	931 sqft	500,000	537
16 Mar 202316 March 2023	946 sqft	500,000	528

0 2-bed 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


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
114	Studio	505 sqft	AED 499KAED 499,000 · Dec 2017December 2017	40,000 /yr

1–7 of 14

115, Modelux Tower 1 in numbers

Sold twice: first on 10 December 2017 for AED 779,000, last on 10 February 2021 for AED 221,000 (AED 266 per sqft).
Rented since April 2019 on 4 Ejari contracts. The rent fell from AED 45,000 to AED 36,000 in 2022 and recovered to AED 40,000 by February 2023.
At AED 40,000 a year the gross yield on the 2021 price is 18.1%, before a service charge of about AED 11,000 a year (AED 13.28 per sqft).

Source: Dubai Land Department. Updated 27 February 2023.

Questions about 115, Modelux Tower 1

What did unit 115 last sell for?

AED 221,000 on 10 February 2021: AED 266 per sqft for 830 sqft. The unit has 2 registered sales; the first was AED 779,000 in December 2017.

What is the rent for unit 115?

AED 40,000 a year on the contract signed on 27 February 2023. The previous contract, from April 2022, was AED 36,000; the unit has been rented since April 2019.

How big is unit 115?

830 sqft (77.1 sqm): a two-bedroom apartment on the 1st floor of a 6-storey tower completed in 2017.

What is unit 115 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 115, Modelux Tower 1

Starts from the last sale price (AED 221K, 10 February 2021). Switch to today's estimate once you have unlocked it.

Price: AED 221,000
Deposit, UAE resident (20%): AED 44,200
Deposit, non-resident (40%): AED 88,400
Monthly over 25 years at 3.7%: AED 904

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