407, Modelux Tower 1
Sold prices and rental history: sold twice, last in October 2024, and rented once, from January 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 407, Modelux Tower 1
What is 407 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 28 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 515 sqft
- Floor
- 4th of 6
- Parking
- B-407
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 398K · October 2024
- Building
- Modelux Tower 1
About 407, Modelux Tower 1
407 is a studio of 515 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 28 October 2024 for AED 398,000, or AED 773 per sqft, 5% above the AED 736 studios in the building were fetching at the time.
One Ejari contract is registered, from 12 January 2024. The current contract, signed on 12 January 2024, is AED 31,000 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 6,800 a year.
Sales and rents for 407 over time
407 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 407 sits
All 69 studios →407 last sold in October 2024 at AED 773 per sqft, 5% above what studios in Modelux Tower 1 were fetching at the time (AED 736). 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. 407's AED 31,000 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 406 | Studio | 522 sqft | AED 460KAED 460,000 · Oct 2025October 2025 | 25,000 /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 |
407, Modelux Tower 1 in numbers
- Sold twice: first on 22 July 2019 for AED 395,000, last on 28 October 2024 for AED 398,000 (AED 773 per sqft).
- Rented since January 2024 on one Ejari contract, at AED 31,000 a year.
- At AED 31,000 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 6,800 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 28 October 2024.
Questions about 407, Modelux Tower 1
What did unit 407 last sell for?
AED 398,000 on 28 October 2024: AED 773 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 395,000 in July 2019.
What is the rent for unit 407?
AED 31,000 a year on the contract signed on 12 January 2024.
How big is unit 407?
515 sqft (47.8 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 407 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 407? 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 407, Modelux Tower 1
Starts from the last sale price (AED 398K, 28 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 398,000
- Deposit, UAE resident (20%)
- AED 79,600
- Deposit, non-resident (40%)
- AED 159,200
- Monthly over 25 years at 3.7%
- AED 1,628
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →