215, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in August 2022, and rented once, from August 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 215, Modelux Tower 1
What is 215 worth today?
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Source: Dubai Land Department. Updated 25 August 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 830 sqft
- Floor
- 2nd of 6
- Parking
- B-215
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 11,000 /yr
- Last sold
- AED 425K · August 2022
- Building
- Modelux Tower 1
About 215, Modelux Tower 1
215 is a two-bedroom apartment of 830 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 25 August 2022 for AED 425,000, or AED 512 per sqft.
One Ejari contract is registered, from 22 August 2022. The current contract, signed on 22 August 2022, is AED 45,000 a year: a gross yield of 10.6% on the 2022 price, before the service charge of about AED 11,000 a year.
Sales and rents for 215 over time
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 215 sits
All 6 2-beds →| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 | |
| 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, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 25 August 2022 for AED 425,000, or AED 512 per sqft.
- Rented since August 2022 on one Ejari contract, at AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2022 price is 10.6%, before a service charge of about AED 11,000 a year (AED 13.28 per sqft).
Source: Dubai Land Department. Updated 25 August 2022.
Questions about 215, Modelux Tower 1
What did unit 215 last sell for?
AED 425,000 on 25 August 2022, sold by the developer: AED 512 per sqft for 830 sqft. It is the only registered sale of the unit.
What is the rent for unit 215?
AED 45,000 a year on the contract signed on 22 August 2022.
How big is unit 215?
830 sqft (77.1 sqm): a two-bedroom apartment on the 2nd floor of a 6-storey tower completed in 2017.
What is unit 215 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 215, Modelux Tower 1
Starts from the last sale price (AED 425K, 25 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 425,000
- Deposit, UAE resident (20%)
- AED 85,000
- Deposit, non-resident (40%)
- AED 170,000
- Monthly over 25 years at 3.7%
- AED 1,739
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →