204, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in October 2017, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 204, Modelux Tower 1
What is 204 worth today?
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Source: Dubai Land Department. Updated 26 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 522 sqft
- Floor
- 2nd of 6
- Parking
- B-204
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 450K · October 2017
- Building
- Modelux Tower 1
About 204, Modelux Tower 1
204 is a studio of 522 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. The developer sold it on 26 October 2017 for AED 450,000, or AED 861 per sqft, in line with the AED 861 studios in the building were fetching at the time.
It has been rented continuously since 2024 on 6 Ejari contracts. The current contract, signed on 26 October 2026, is AED 49,200 a year: a gross yield of 10.9% on the 2017 price, before the service charge of about AED 6,900 a year.
Sales and rents for 204 over time
204 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 204 sits
All 69 studios →204 last sold in October 2017 at AED 861 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 861). 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. 204's AED 49,200 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 | |
| 203 | Studio | 526 sqft | AED 480KAED 480,000 · Nov 2025November 2025 | 44,000 /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 |
204, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 26 October 2017 for AED 450,000, or AED 861 per sqft.
- Rented since December 2024 on 6 Ejari contracts. The rent fell from AED 35,000 to AED 28,000 in 2025 and recovered to AED 49,200 by October 2026.
- At AED 49,200 a year the gross yield on the 2017 price is 10.9%, before a service charge of about AED 6,900 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 October 2026.
Questions about 204, Modelux Tower 1
What did unit 204 last sell for?
AED 450,000 on 26 October 2017, sold by the developer: AED 861 per sqft for 522 sqft. It is the only registered sale of the unit.
What is the rent for unit 204?
AED 49,200 a year on the contract signed on 26 October 2026. The previous contract, from September 2026, was AED 40,000; the unit has been rented since December 2024.
How big is unit 204?
522 sqft (48.5 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2017.
What is unit 204 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 204, Modelux Tower 1
Starts from the last sale price (AED 450K, 26 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →