Studio · 529 sqftModelux Tower 1, International City Phase 2 & 3 · 5th floor · completed 2017

501, Modelux Tower 1

Sold prices and rental history: sold once, by the developer in March 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 501 · DLD and Ejari recordsUpdated 8 March 2023

Last soldAED 300K8 March 2023

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Today's valuefree after one verification

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Property timeline for 501, Modelux Tower 1

Today

What is 501 worth today?

Last sold for AED 300,000 in 2023

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8 Mar 2023

8 Mar 2023Sold by developerReady

AED 300,000AED 567 per sqft

Source: Dubai Land Department. Updated 8 March 2023.

Key facts

Type: Studio apartment
Size: 529 sqft
Floor: 5th of 6
Parking: G-501
Developer: Modelux Real Estate Development
Completed: 2017
Service charge: AED 7,000 /yr
Last sold: AED 300K · March 2023
Building: Modelux Tower 1

About 501, Modelux Tower 1

501 is a studio of 529 sqft on the 5th 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 8 March 2023 for AED 300,000, or AED 567 per sqft, in line with the AED 557 studios in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 501 over time

Sales

Unit 501, each saleTypical studio in Modelux Tower 1

501 has sold once; the dashed line is the studio median of each year in the building.

Rents

Unit 501, each contractTypical studio in Modelux Tower 1

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 501 sits

All 69 studios →

Studios in Modelux Tower 1 · last 12 months922 /sqft Modelux Tower 1 · all types922 /sqft

501 last sold in March 2023 at AED 567 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 557). 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	Size	Price (AED)	Per sqft
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

9 studio sales in the last 12 months

Modelux Tower 1

Building

78 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%

Modelux Tower 1, International City Phase 2 & 3: prices, sales and rents →

Other units on the 5th floor

All 78 units in Modelux Tower 1


502	Studio	514 sqft	AED 290KAED 290,000 · Aug 2019August 2019
503	Studio	526 sqft	AED 485KAED 485,000 · Jul 2026July 2026	22,000 /yr
504	Studio	522 sqft	AED 255KAED 255,000 · May 2021May 2021	40,000 /yr
505	Studio	521 sqft	AED 450KAED 450,000 · Jun 2026June 2026	40,000 /yr
506	Studio	522 sqft	AED 460KAED 460,000 · May 2025May 2025	45,000 /yr
507	Studio	515 sqft	AED 365KAED 365,000 · Feb 2024February 2024	44,000 /yr
509	Studio	497 sqft	AED 365KAED 365,000 · Feb 2024February 2024	44,000 /yr
510	Studio	511 sqft	AED 405KAED 405,000 · Oct 2024October 2024	40,000 /yr
511	Studio	512 sqft	AED 325KAED 325,000 · Feb 2024February 2024	33,500 /yr
513	Studio	512 sqft	AED 400KAED 400,000 · Jun 2024June 2024	28,000 /yr
514	Studio	505 sqft	AED 475KAED 475,000 · Oct 2017October 2017	31,500 /yr
515	2-bed	830 sqft	AED 438KAED 437,500 · Sep 2022September 2022	34,000 /yr

1–7 of 12

501, Modelux Tower 1 in numbers

Sold once: by Modelux Real Estate Development on 8 March 2023 for AED 300,000, or AED 567 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 8 March 2023.

Questions about 501, Modelux Tower 1

What did unit 501 last sell for?

AED 300,000 on 8 March 2023, sold by the developer: AED 567 per sqft for 529 sqft. It is the only registered sale of the unit.

How big is unit 501?

529 sqft (49.1 sqm): a studio on the 5th floor of a 6-storey tower completed in 2017.

What is unit 501 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 501, Modelux Tower 1

Starts from the last sale price (AED 300K, 8 March 2023). Switch to today's estimate once you have unlocked it.

Price: AED 300,000
Deposit, UAE resident (20%): AED 60,000
Deposit, non-resident (40%): AED 120,000
Monthly over 25 years at 3.7%: AED 1,227

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →