401, Modelux Tower 1
Sold prices and rental history: sold twice, last in April 2024, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Modelux Tower 1
What is 401 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 4th of 6
- Parking
- B-401
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,000 /yr
- Last sold
- AED 390K · April 2024
- Building
- Modelux Tower 1
About 401, Modelux Tower 1
401 is a studio of 529 sqft on the 4th 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 5 April 2024 for AED 390,000, or AED 737 per sqft, in line with the AED 737 studios in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 5 March 2026, is AED 35,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 7,000 a year.
Sales and rents for 401 over time
401 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 401 sits
All 69 studios →401 last sold in April 2024 at AED 737 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 737). 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. 401's AED 35,000 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 4th floor
All 78 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 402 | Studio | 514 sqft | AED 480KAED 480,000 · May 2026May 2026 | ||
| 403 | Studio | 526 sqft | AED 453KAED 453,000 · Jul 2026July 2026 | ||
| 404 | Studio | 522 sqft | AED 550KAED 550,000 · Nov 2025November 2025 | 23,000 /yr | |
| 405 | Studio | 521 sqft | AED 499KAED 499,000 · Oct 2017October 2017 | 37,000 /yr | |
| 406 | Studio | 522 sqft | AED 460KAED 460,000 · Oct 2025October 2025 | 25,000 /yr | |
| 407 | Studio | 515 sqft | AED 398KAED 398,000 · Oct 2024October 2024 | 31,000 /yr | |
| 408 | Studio | 523 sqft | AED 418KAED 418,000 · Mar 2025March 2025 | 45,000 /yr | |
| 410 | Studio | 511 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 30,838 /yr | |
| 411 | Studio | 512 sqft | AED 260KAED 260,000 · Jul 2021July 2021 | 25,000 /yr | |
| 412 | Studio | 512 sqft | AED 265KAED 265,000 · Feb 2022February 2022 | 44,000 /yr |
401, Modelux Tower 1 in numbers
- Sold twice: first on 21 February 2023 for AED 295,000, last on 5 April 2024 for AED 390,000 (AED 737 per sqft).
- Rented since September 2023 on 4 Ejari contracts, from AED 30,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2024 price is 9.0%, 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 5 March 2026.
Questions about 401, Modelux Tower 1
What did unit 401 last sell for?
AED 390,000 on 5 April 2024: AED 737 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 295,000 in February 2023.
What is the rent for unit 401?
AED 35,000 a year on the contract signed on 5 March 2026. The previous contract, from March 2025, was AED 35,000; the unit has been rented since September 2023.
How big is unit 401?
529 sqft (49.1 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 401 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 401? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 401, Modelux Tower 1
Starts from the last sale price (AED 390K, 5 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 390,000
- Deposit, UAE resident (20%)
- AED 78,000
- Deposit, non-resident (40%)
- AED 156,000
- Monthly over 25 years at 3.7%
- AED 1,596
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →