406, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in October 2025, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Modelux Tower 1
What is 406 worth today?
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Source: Dubai Land Department. Updated 2 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 522 sqft
- Floor
- 4th of 6
- Parking
- B-406
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 460K · October 2025
- Building
- Modelux Tower 1
About 406, Modelux Tower 1
406 is a studio of 522 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 2 October 2025 for AED 460,000, or AED 881 per sqft, 11% above the AED 795 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 1 August 2025, is AED 25,000 a year: a gross yield of 5.4% on the 2025 price, before the service charge of about AED 6,900 a year.
Sales and rents for 406 over time
406 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 406 sits
All 69 studios →406 last sold in October 2025 at AED 881 per sqft, 11% above what studios in Modelux Tower 1 were fetching at the time (AED 795). 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. 406's AED 25,000 is at the bottom 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 | |||||
|---|---|---|---|---|---|
| 401 | Studio | 529 sqft | AED 390KAED 390,000 · Apr 2024April 2024 | 35,000 /yr | |
| 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 | |
| 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 |
406, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 2 October 2025 for AED 460,000, or AED 881 per sqft.
- Rented since March 2020 on 3 Ejari contracts, from AED 28,000 to AED 25,000 a year.
- At AED 25,000 a year the gross yield on the 2025 price is 5.4%, 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 2 October 2025.
Questions about 406, Modelux Tower 1
What did unit 406 last sell for?
AED 460,000 on 2 October 2025, sold by the developer: AED 881 per sqft for 522 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 25,000 a year on the contract renewed on 1 August 2025. The previous contract, from August 2024, was AED 25,000; the unit has been rented since March 2020.
How big is unit 406?
522 sqft (48.5 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 406 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 406, Modelux Tower 1
Starts from the last sale price (AED 460K, 2 October 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →