308, Modelux Tower 1
Sold prices and rental history: sold twice, last in August 2025, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Modelux Tower 1
What is 308 worth today?
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Source: Dubai Land Department. Updated 23 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 523 sqft
- Floor
- 3rd of 6
- Parking
- B-308
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 440K · August 2025
- Building
- Modelux Tower 1
About 308, Modelux Tower 1
308 is a studio of 523 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. It last sold on 8 August 2025 for AED 440,000, or AED 841 per sqft, 6% above the AED 791 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 23 August 2026, is AED 41,000 a year: a gross yield of 9.3% on the 2025 price, before the service charge of about AED 6,900 a year.
Sales and rents for 308 over time
308 has sold twice; 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 308 sits
All 69 studios →308 last sold in August 2025 at AED 841 per sqft, 6% above what studios in Modelux Tower 1 were fetching at the time (AED 791). 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. 308's AED 41,000 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 | |
| 302 | Studio | 514 sqft | AED 400KAED 400,000 · Jan 2018January 2018 | 33,000 /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 | ||
| 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 |
308, Modelux Tower 1 in numbers
- Sold twice: first on 31 August 2022 for AED 250,000, last on 8 August 2025 for AED 440,000 (AED 841 per sqft).
- Rented since August 2025 on 2 Ejari contracts, from AED 40,000 to AED 41,000 a year.
- At AED 41,000 a year the gross yield on the 2025 price is 9.3%, 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 23 August 2026.
Questions about 308, Modelux Tower 1
What did unit 308 last sell for?
AED 440,000 on 8 August 2025: AED 841 per sqft for 523 sqft. The unit has 2 registered sales; the first was AED 250,000 in August 2022.
What is the rent for unit 308?
AED 41,000 a year on the contract signed on 23 August 2026. The previous contract, from August 2025, was AED 40,000.
How big is unit 308?
523 sqft (48.6 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.
What is unit 308 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.
Selling 308? Put it on the OpenOffers board
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Mortgage on 308, Modelux Tower 1
Starts from the last sale price (AED 440K, 8 August 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 440,000
- Deposit, UAE resident (20%)
- AED 88,000
- Deposit, non-resident (40%)
- AED 176,000
- Monthly over 25 years at 3.7%
- AED 1,800
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →