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Studio · 521 sqftModelux Tower 1, International City Phase 2 & 3 · 3rd floor · completed 2017

305, Modelux Tower 1

Sold prices and rental history: sold once, by the developer in October 2017, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 17 March 2023
Last soldAED 430K4 October 2017
Current rentAED 27K /yr17 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 305, Modelux Tower 1

What is 305 worth today?

Last sold for AED 430,000 in 2017

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17 Mar 2023RentedNew contract
AED 27,000/yr12 months · AED 52 per sqft
27 Jan 2019RentedNew contract
AED 32,000/yr12 months · AED 62 per sqft
4 Oct 2017Sold by developerOff-plan
AED 430,000AED 825 per sqft

Source: Dubai Land Department. Updated 17 March 2023.

Key facts

Type
Studio apartment
Size
521 sqft
Floor
3rd of 6
Parking
B-305
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 6,900 /yr
Last sold
AED 430K · October 2017
Building
Modelux Tower 1

About 305, Modelux Tower 1

305 is a studio of 521 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 4 October 2017 for AED 430,000, or AED 825 per sqft, 7% below the AED 890 studios in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 17 March 2023, is AED 27,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 6,900 a year.

Sales and rents for 305 over time

Sales
Unit 305, 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, October 2017: AED 430,000 (AED 825 per sqft)

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

Rents
Unit 305, 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, January 2019: AED 32,000 a yearNew contract, March 2023: AED 27,000 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 305 sits

All 69 studios →

305 last sold in October 2017 at AED 825 per sqft, 7% below what studios in Modelux Tower 1 were fetching at the time (AED 890). 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. 305's AED 27,000 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
301StudioAED 285K · Nov 2022
302StudioAED 400K · Jan 2018
303StudioAED 460K · May 2025
304StudioAED 435K · Dec 2017
306StudioAED 499K · Jan 2018
307StudioAED 400K · Oct 2024
308StudioAED 440K · Aug 2025
1–7 of 13

305, Modelux Tower 1 in numbers

  • Sold once: by Modelux Real Estate Development on 4 October 2017 for AED 430,000, or AED 825 per sqft.
  • Rented since January 2019 on 2 Ejari contracts, from AED 32,000 to AED 27,000 a year.
  • At AED 27,000 a year the gross yield on the 2017 price is 6.3%, 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 17 March 2023.

Questions about 305, Modelux Tower 1

What did unit 305 last sell for?

AED 430,000 on 4 October 2017, sold by the developer: AED 825 per sqft for 521 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 27,000 a year on the contract signed on 17 March 2023. The previous contract, from January 2019, was AED 32,000.

How big is unit 305?

521 sqft (48.4 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.

What is unit 305 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 305, Modelux Tower 1

Starts from the last sale price (AED 430K, 4 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 430,000
Deposit, UAE resident (20%)
AED 86,000
Deposit, non-resident (40%)
AED 172,000
Monthly over 25 years at 3.7%
AED 1,759

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