505, Modelux Tower 1
Sold prices and rental history: sold 3 times, last in June 2026, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Modelux Tower 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 10 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- 5th of 6
- Parking
- G-505
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 450K · June 2026
- Building
- Modelux Tower 1
About 505, Modelux Tower 1
505 is a studio of 521 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 10 June 2026 for AED 450,000, or AED 863 per sqft, 4% below the AED 897 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 12 May 2026, is AED 40,000 a year: a gross yield of 8.9% on the 2026 price, before the service charge of about AED 6,900 a year.
Sales and rents for 505 over time
505 has sold 3 times; 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 505 sits
All 69 studios →505 last sold in June 2026 at AED 863 per sqft, 4% below what studios in Modelux Tower 1 were fetching at the time (AED 897). 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. 505's AED 40,000 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 | ||
| 18 May 202618 May 2026 | 514 sqft | 480,000 | 933 | ||
| 30 Apr 202630 April 2026 | 522 sqft | 445,000 | 853 |
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 | ||
| 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 | |
| 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 |
505, Modelux Tower 1 in numbers
- Sold 3 times: first on 22 July 2019 for AED 395,000, last on 10 June 2026 for AED 450,000 (AED 863 per sqft).
- Rented since April 2020 on 3 Ejari contracts, from AED 28,075 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2026 price is 8.9%, before a service charge of about AED 6,900 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 10 June 2026.
Questions about 505, Modelux Tower 1
What did unit 505 last sell for?
AED 450,000 on 10 June 2026: AED 863 per sqft for 521 sqft. The unit has 3 registered sales; the first was AED 395,000 in July 2019.
What is the rent for unit 505?
AED 40,000 a year on the contract signed on 12 May 2026. The previous contract, from November 2023, was AED 30,829; the unit has been rented since April 2020.
How big is unit 505?
521 sqft (48.4 sqm): a studio on the 5th floor of a 6-storey tower completed in 2017.
What is unit 505 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 505, Modelux Tower 1
Starts from the last sale price (AED 450K, 10 June 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →