412, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in February 2022, and rented once, from May 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 412, Modelux Tower 1
What is 412 worth today?
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Source: Dubai Land Department. Updated 1 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 512 sqft
- Floor
- 4th of 6
- Parking
- B-412
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 265K · February 2022
- Building
- Modelux Tower 1
About 412, Modelux Tower 1
412 is a studio of 512 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 21 February 2022 for AED 265,000, or AED 518 per sqft, in line with the AED 518 studios in the building were fetching at the time.
One Ejari contract is registered, from 1 May 2026. The current contract, signed on 1 May 2026, is AED 44,000 a year: a gross yield of 16.6% on the 2022 price, before the service charge of about AED 6,800 a year.
Sales and rents for 412 over time
412 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 412 sits
All 69 studios →412 last sold in February 2022 at AED 518 per sqft, in line with 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. 412's AED 44,000 is in the upper 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 | |
| 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, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 21 February 2022 for AED 265,000, or AED 518 per sqft.
- Rented since May 2026 on one Ejari contract, at AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2022 price is 16.6%, 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 1 May 2026.
Questions about 412, Modelux Tower 1
What did unit 412 last sell for?
AED 265,000 on 21 February 2022, sold by the developer: AED 518 per sqft for 512 sqft. It is the only registered sale of the unit.
What is the rent for unit 412?
AED 44,000 a year on the contract signed on 1 May 2026.
How big is unit 412?
512 sqft (47.6 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 412 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 412, Modelux Tower 1
Starts from the last sale price (AED 265K, 21 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 265,000
- Deposit, UAE resident (20%)
- AED 53,000
- Deposit, non-resident (40%)
- AED 106,000
- Monthly over 25 years at 3.7%
- AED 1,084
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →