203, Modelux Tower 1
Sold prices and rental history: sold 3 times, last in November 2025, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 203, Modelux Tower 1
What is 203 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 14 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 526 sqft
- Floor
- 2nd of 6
- Parking
- B-203
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,000 /yr
- Last sold
- AED 480K · November 2025
- Building
- Modelux Tower 1
About 203, Modelux Tower 1
203 is a studio of 526 sqft on the 2nd 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 11 November 2025 for AED 480,000, or AED 912 per sqft, 6% above the AED 858 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 14 December 2025, is AED 44,000 a year: a gross yield of 9.2% on the 2025 price, before the service charge of about AED 7,000 a year.
Sales and rents for 203 over time
203 has sold 3 times; 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 203 sits
All 69 studios →203 last sold in November 2025 at AED 912 per sqft, 6% above what studios in Modelux Tower 1 were fetching at the time (AED 858). 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. 203's AED 44,000 is in the upper 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 2nd floor
All 78 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | Studio | 529 sqft | AED 385KAED 385,000 · Jun 2024June 2024 | 42,000 /yr | |
| 202 | Studio | 514 sqft | AED 460KAED 460,000 · Apr 2021April 2021 | 34,000 /yr | |
| 204 | Studio | 522 sqft | AED 450KAED 450,000 · Oct 2017October 2017 | 49,200 /yr | |
| 205 | Studio | 521 sqft | AED 490KAED 490,000 · Nov 2017November 2017 | 39,000 /yr | |
| 206 | Studio | 522 sqft | AED 460KAED 460,000 · Feb 2020February 2020 | 28,000 /yr | |
| 207 | Studio | 515 sqft | AED 375KAED 375,000 · Dec 2024December 2024 | 43,000 /yr | |
| 208 | Studio | 523 sqft | AED 499KAED 499,000 · Oct 2017October 2017 | ||
| 209 | Studio | 497 sqft | AED 450KAED 450,000 · Mar 2018March 2018 | 43,000 /yr | |
| 210 | Studio | 511 sqft | AED 300KAED 300,000 · Sep 2022September 2022 | 30,000 /yr | |
| 211 | Studio | 512 sqft | AED 400KAED 400,000 · Oct 2024October 2024 | 44,000 /yr | |
| 212 | Studio | 512 sqft | AED 265KAED 265,000 · Mar 2021March 2021 | ||
| 213 | Studio | 512 sqft | AED 280KAED 280,000 · Dec 2019December 2019 | ||
| 214 | Studio | 505 sqft | AED 499KAED 499,000 · Nov 2017November 2017 | 32,550 /yr | |
| 215 | 2-bed | 830 sqft | AED 425KAED 425,000 · Aug 2022August 2022 | 45,000 /yr |
203, Modelux Tower 1 in numbers
- Sold 3 times: first on 10 May 2021 for AED 300,000, last on 11 November 2025 for AED 480,000 (AED 912 per sqft).
- Rented since January 2019 on 4 Ejari contracts. The rent fell from AED 31,000 to AED 23,000 in 2021 and recovered to AED 44,000 by December 2025.
- At AED 44,000 a year the gross yield on the 2025 price is 9.2%, before a service charge of about AED 7,000 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 14 December 2025.
Questions about 203, Modelux Tower 1
What did unit 203 last sell for?
AED 480,000 on 11 November 2025: AED 912 per sqft for 526 sqft. The unit has 3 registered sales; the first was AED 300,000 in May 2021.
What is the rent for unit 203?
AED 44,000 a year on the contract signed on 14 December 2025. The previous contract, from March 2024, was AED 29,000; the unit has been rented since January 2019.
How big is unit 203?
526 sqft (48.9 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2017.
What is unit 203 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.
Selling 203? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 203, Modelux Tower 1
Starts from the last sale price (AED 480K, 11 November 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 480,000
- Deposit, UAE resident (20%)
- AED 96,000
- Deposit, non-resident (40%)
- AED 192,000
- Monthly over 25 years at 3.7%
- AED 1,964
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →