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Studio · 526 sqftModelux Tower 1, International City Phase 2 & 3 · 5th floor · completed 2017

503, Modelux Tower 1

Sold prices and rental history: sold 3 times, last in July 2026, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 15 July 2026
Last soldAED 485K15 July 2026
Current rentAED 22K /yr2 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 503, Modelux Tower 1

What is 503 worth today?

Last sold for AED 485,000 in 2026

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15 Jul 2026SoldReady
AED 485,000AED 922 per sqft
23 Aug 2023SoldReady
AED 400,000AED 760 per sqft
10 May 2021Sold by developerReady
AED 300,000AED 570 per sqft
2 Apr 2021RentedNew contract
AED 22,000/yr12 months · AED 42 per sqft
2 Mar 2020RentedNew contract
AED 28,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 15 July 2026.

Key facts

Type
Studio apartment
Size
526 sqft
Floor
5th of 6
Parking
G-503
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 7,000 /yr
Last sold
AED 485K · July 2026
Building
Modelux Tower 1

About 503, Modelux Tower 1

503 is a studio of 526 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. It last sold on 15 July 2026 for AED 485,000, or AED 922 per sqft, in line with the AED 912 studios in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 2 April 2021, is AED 22,000 a year: a gross yield of 4.5% on the 2026 price, before the service charge of about AED 7,000 a year.

Sales and rents for 503 over time

Sales
Unit 503, each saleTypical studio in Modelux Tower 1
400K2017202020232026Typical sale price by year: 2017 AED 492,500; 2018 AED 435,000; 2019 AED 355,000; 2020 AED 410,000; 2021 AED 260,000; 2022 AED 270,000; 2023 AED 375,000; 2024 AED 385,000; 2025 AED 465,000; 2026 AED 480,000Sold by developer, May 2021: AED 300,000 (AED 570 per sqft)Sold, August 2023: AED 400,000 (AED 760 per sqft)Sold, July 2026: AED 485,000 (AED 922 per sqft)

503 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 503, each contractTypical studio in Modelux Tower 1
20K30K40K2018202120242027Typical rent by year: 2018 AED 34,500; 2019 AED 28,000; 2020 AED 25,500; 2021 AED 23,000; 2022 AED 24,000; 2023 AED 27,000; 2024 AED 31,000; 2025 AED 35,000; 2026 AED 41,000New contract, March 2020: AED 28,000 a yearNew contract, April 2021: AED 22,000 a year

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 503 sits

All 69 studios →

503 last sold in July 2026 at AED 922 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 912). 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. 503's AED 22,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Jul 2026453,000
10 Jun 2026450,000
18 May 2026480,000
30 Apr 2026445,000
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
Value
501StudioAED 300K · Mar 2023
502StudioAED 290K · Aug 2019
504StudioAED 255K · May 2021
505StudioAED 450K · Jun 2026
506StudioAED 460K · May 2025
507StudioAED 365K · Feb 2024
509StudioAED 365K · Feb 2024
1–7 of 12

503, Modelux Tower 1 in numbers

  • Sold 3 times: first on 10 May 2021 for AED 300,000, last on 15 July 2026 for AED 485,000 (AED 922 per sqft).
  • Rented since March 2020 on 2 Ejari contracts, from AED 28,000 to AED 22,000 a year.
  • At AED 22,000 a year the gross yield on the 2026 price is 4.5%, before a service charge of about AED 7,000 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 15 July 2026.

Questions about 503, Modelux Tower 1

What did unit 503 last sell for?

AED 485,000 on 15 July 2026: AED 922 per sqft for 526 sqft. The unit has 3 registered sales; the first was AED 300,000 in May 2021.

What is the rent for unit 503?

AED 22,000 a year on the contract signed on 2 April 2021. The previous contract, from March 2020, was AED 28,000.

How big is unit 503?

526 sqft (48.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2017.

What is unit 503 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 503, Modelux Tower 1

Starts from the last sale price (AED 485K, 15 July 2026). Switch to today's estimate once you have unlocked it.
Price
AED 485,000
Deposit, UAE resident (20%)
AED 97,000
Deposit, non-resident (40%)
AED 194,000
Monthly over 25 years at 3.7%
AED 1,984

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