402, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in May 2026, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, Modelux Tower 1
What is 402 worth today?
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Source: Dubai Land Department. Updated 18 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 4th of 6
- Parking
- B-402
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 480K · May 2026
- Building
- Modelux Tower 1
About 402, Modelux Tower 1
402 is a studio of 514 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. The developer sold it on 18 May 2026 for AED 480,000, or AED 933 per sqft, 4% above the AED 897 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 402 over time
402 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 402 sits
All 69 studios →402 last sold in May 2026 at AED 933 per sqft, 4% above what studios in Modelux Tower 1 were fetching at the time (AED 897). 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.
| 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 | ||
| 30 Apr 202630 April 2026 | 522 sqft | 445,000 | 853 |
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 | |||||
|---|---|---|---|---|---|
| 401 | Studio | 529 sqft | AED 390KAED 390,000 · Apr 2024April 2024 | 35,000 /yr | |
| 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 |
402, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 18 May 2026 for AED 480,000, or AED 933 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 18 May 2026.
Questions about 402, Modelux Tower 1
What did unit 402 last sell for?
AED 480,000 on 18 May 2026, sold by the developer: AED 933 per sqft for 514 sqft. It is the only registered sale of the unit.
How big is unit 402?
514 sqft (47.8 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 402 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 402, Modelux Tower 1
Starts from the last sale price (AED 480K, 18 May 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 480,000
- Deposit, UAE resident (20%)
- AED 96,000
- Deposit, non-resident (40%)
- AED 192,000
- Monthly over 25 years at 3.7%
- AED 1,964
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →