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Studio · 505 sqftModelux Tower 1, International City Phase 2 & 3 · 3rd floor · completed 2017

314, Modelux Tower 1

Sold prices and rental history: sold twice, last in November 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 314 · DLD and Ejari recordsUpdated 1 January 2023
Last soldAED 250K18 November 2021
Current rentAED 42K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 314, Modelux Tower 1

What is 314 worth today?

Last sold for AED 250,000 in 2021

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1 Jan 2023RentedNew contract
AED 42,000/yr12 months · AED 83 per sqft
18 Nov 2021SoldReady
AED 250,000AED 495 per sqft
18 Mar 2019Sold by developerReady
AED 430,000AED 851 per sqft
28 Nov 2018RentedNew contract
AED 32,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 1 January 2023.

Key facts

Type
Studio apartment
Size
505 sqft
Floor
3rd of 6
Parking
B-314
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 6,700 /yr
Last sold
AED 250K · November 2021
Building
Modelux Tower 1

About 314, Modelux Tower 1

314 is a studio of 505 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 18 November 2021 for AED 250,000, or AED 495 per sqft, 4% below the AED 518 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 1 January 2023, is AED 42,000 a year: a gross yield of 16.8% on the 2021 price, before the service charge of about AED 6,700 a year.

Sales and rents for 314 over time

Sales
Unit 314, 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, March 2019: AED 430,000 (AED 851 per sqft)Sold, November 2021: AED 250,000 (AED 495 per sqft)

314 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 314, 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, November 2018: AED 32,000 a yearNew contract, January 2023: AED 42,000 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 314 sits

All 69 studios →

314 last sold in November 2021 at AED 495 per sqft, 4% below what studios in Modelux Tower 1 were fetching at the time (AED 518). 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. 314's AED 42,000 is in the lower half 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
305StudioAED 430K · Oct 2017
306StudioAED 499K · Jan 2018
307StudioAED 400K · Oct 2024
1–7 of 13

314, Modelux Tower 1 in numbers

  • Sold twice: first on 18 March 2019 for AED 430,000, last on 18 November 2021 for AED 250,000 (AED 495 per sqft).
  • Rented since November 2018 on 2 Ejari contracts, from AED 32,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2021 price is 16.8%, before a service charge of about AED 6,700 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 1 January 2023.

Questions about 314, Modelux Tower 1

What did unit 314 last sell for?

AED 250,000 on 18 November 2021: AED 495 per sqft for 505 sqft. The unit has 2 registered sales; the first was AED 430,000 in March 2019.

What is the rent for unit 314?

AED 42,000 a year on the contract signed on 1 January 2023. The previous contract, from November 2018, was AED 32,000.

How big is unit 314?

505 sqft (46.9 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.

What is unit 314 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 314, Modelux Tower 1

Starts from the last sale price (AED 250K, 18 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

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