302, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in January 2018, 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 302, Modelux Tower 1
What is 302 worth today?
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Source: Dubai Land Department. Updated 11 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 3rd of 6
- Parking
- B-302
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 400K · January 2018
- Building
- Modelux Tower 1
About 302, Modelux Tower 1
302 is a studio of 514 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 18 January 2018 for AED 400,000, or AED 777 per sqft, 17% below the AED 940 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 10 Ejari contracts. The current contract, renewed on 11 April 2026, is AED 33,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 6,800 a year.
Sales and rents for 302 over time
302 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 302 sits
All 69 studios →302 last sold in January 2018 at AED 777 per sqft, 17% below what studios in Modelux Tower 1 were fetching at the time (AED 940). 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. 302's AED 33,000 is in the lower 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 3rd floor
All 78 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | Studio | 529 sqft | AED 285KAED 285,000 · Nov 2022November 2022 | 23,000 /yr | |
| 303 | Studio | 526 sqft | AED 460KAED 460,000 · May 2025May 2025 | ||
| 304 | Studio | 522 sqft | AED 435KAED 435,000 · Dec 2017December 2017 | ||
| 305 | Studio | 521 sqft | AED 430KAED 430,000 · Oct 2017October 2017 | 27,000 /yr | |
| 306 | Studio | 522 sqft | AED 499KAED 499,000 · Jan 2018January 2018 | 34,000 /yr | |
| 307 | Studio | 515 sqft | AED 400KAED 400,000 · Oct 2024October 2024 | ||
| 308 | Studio | 523 sqft | AED 440KAED 440,000 · Aug 2025August 2025 | 41,000 /yr | |
| 309 | Studio | 497 sqft | AED 470KAED 470,000 · Feb 2025February 2025 | ||
| 310 | Studio | 511 sqft | AED 499KAED 499,000 · Feb 2018February 2018 | ||
| 311 | Studio | 512 sqft | AED 290KAED 290,000 · Feb 2023February 2023 | ||
| 312 | Studio | 512 sqft | AED 485KAED 485,000 · Feb 2026February 2026 | 33,220 /yr | |
| 314 | Studio | 505 sqft | AED 250KAED 250,000 · Nov 2021November 2021 | 42,000 /yr | |
| 315 | 2-bed | 830 sqft | AED 739KAED 739,000 · Nov 2017November 2017 |
302, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 18 January 2018 for AED 400,000, or AED 777 per sqft.
- Rented since January 2019 on 10 Ejari contracts. The rent fell from AED 32,000 to AED 25,000 in 2022 and recovered to AED 33,000 by April 2026.
- At AED 33,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 6,800 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 11 April 2026.
Questions about 302, Modelux Tower 1
What did unit 302 last sell for?
AED 400,000 on 18 January 2018, sold by the developer: AED 777 per sqft for 514 sqft. It is the only registered sale of the unit.
What is the rent for unit 302?
AED 33,000 a year on the contract renewed on 11 April 2026. The previous contract, from April 2025, was AED 32,000; the unit has been rented since January 2019.
How big is unit 302?
514 sqft (47.8 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.
What is unit 302 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 302, Modelux Tower 1
Starts from the last sale price (AED 400K, 18 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →