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Studio · 529 sqftModelux Tower 1, International City Phase 2 & 3 · 3rd floor · completed 2017

301, Modelux Tower 1

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 10 December 2022
Last soldAED 285K15 November 2022
Current rentAED 23K /yr10 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, Modelux Tower 1

What is 301 worth today?

Last sold for AED 285,000 in 2022

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10 Dec 2022RentedNew contract
AED 23,000/yr12 months · AED 43 per sqft
15 Nov 2022Sold by developerReady
AED 285,000AED 538 per sqft
1 May 2020RentedNew contract
AED 25,000/yr13 months · AED 47 per sqft
1 Mar 2019RentedNew contract
AED 30,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 10 December 2022.

Key facts

Type
Studio apartment
Size
529 sqft
Floor
3rd of 6
Parking
B-301
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 7,000 /yr
Last sold
AED 285K · November 2022
Building
Modelux Tower 1

About 301, Modelux Tower 1

301 is a studio of 529 sqft on the 3rd 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 15 November 2022 for AED 285,000, or AED 538 per sqft, 6% above the AED 507 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 10 December 2022, is AED 23,000 a year: a gross yield of 8.1% on the 2022 price, before the service charge of about AED 7,000 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical studio in Modelux Tower 1
400K2017202020232026Typical sale price by year: 2017 AED 492,500; 2018 AED 435,000; 2019 AED 355,000; 2020 AED 410,000; 2021 AED 260,000; 2022 AED 270,000; 2023 AED 375,000; 2024 AED 385,000; 2025 AED 465,000; 2026 AED 480,000Sold by developer, November 2022: AED 285,000 (AED 538 per sqft)

301 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 301, each contractTypical studio in Modelux Tower 1
20K30K40K2018202120242027Typical rent by year: 2018 AED 34,500; 2019 AED 28,000; 2020 AED 25,500; 2021 AED 23,000; 2022 AED 24,000; 2023 AED 27,000; 2024 AED 31,000; 2025 AED 35,000; 2026 AED 41,000New contract, March 2019: AED 30,000 a yearNew contract, May 2020: AED 25,000 a yearNew contract, December 2022: AED 23,000 a year

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 301 sits

All 69 studios →

301 last sold in November 2022 at AED 538 per sqft, 6% above what studios in Modelux Tower 1 were fetching at the time (AED 507). 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. 301's AED 23,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Jul 2026453,000
15 Jul 2026485,000
10 Jun 2026450,000
18 May 2026480,000
9 studio 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 3rd floor

All 78 units in Modelux Tower 1
Value
302StudioAED 400K · Jan 2018
303StudioAED 460K · May 2025
304StudioAED 435K · Dec 2017
305StudioAED 430K · Oct 2017
306StudioAED 499K · Jan 2018
307StudioAED 400K · Oct 2024
308StudioAED 440K · Aug 2025
1–7 of 13

301, Modelux Tower 1 in numbers

  • Sold once: by Modelux Real Estate Development on 15 November 2022 for AED 285,000, or AED 538 per sqft.
  • Rented since March 2019 on 3 Ejari contracts, from AED 30,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2022 price is 8.1%, 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 10 December 2022.

Questions about 301, Modelux Tower 1

What did unit 301 last sell for?

AED 285,000 on 15 November 2022, sold by the developer: AED 538 per sqft for 529 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 23,000 a year on the contract signed on 10 December 2022. The previous contract, from May 2020, was AED 25,000; the unit has been rented since March 2019.

How big is unit 301?

529 sqft (49.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.

What is unit 301 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 301, Modelux Tower 1

Starts from the last sale price (AED 285K, 15 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 285,000
Deposit, UAE resident (20%)
AED 57,000
Deposit, non-resident (40%)
AED 114,000
Monthly over 25 years at 3.7%
AED 1,166

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