502, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in August 2019, 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 502, Modelux Tower 1
What is 502 worth today?
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Source: Dubai Land Department. Updated 6 August 2019.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 5th of 6
- Parking
- G-502
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 290K · August 2019
- Building
- Modelux Tower 1
About 502, Modelux Tower 1
502 is a studio of 514 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 6 August 2019 for AED 290,000, or AED 563 per sqft, 26% below the AED 762 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 502 over time
502 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 502 sits
All 69 studios →502 last sold in August 2019 at AED 563 per sqft, 26% below what studios in Modelux Tower 1 were fetching at the time (AED 762). 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 | ||
| 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 5th floor
All 78 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 529 sqft | AED 300KAED 300,000 · Mar 2023March 2023 | ||
| 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 |
502, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 6 August 2019 for AED 290,000, or AED 563 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 6 August 2019.
Questions about 502, Modelux Tower 1
What did unit 502 last sell for?
AED 290,000 on 6 August 2019, sold by the developer: AED 563 per sqft for 514 sqft. It is the only registered sale of the unit.
How big is unit 502?
514 sqft (47.8 sqm): a studio on the 5th floor of a 6-storey tower completed in 2017.
What is unit 502 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 502, Modelux Tower 1
Starts from the last sale price (AED 290K, 6 August 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 290,000
- Deposit, UAE resident (20%)
- AED 58,000
- Deposit, non-resident (40%)
- AED 116,000
- Monthly over 25 years at 3.7%
- AED 1,186
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →