506, Modelux Tower 1
Sold prices and rental history: sold twice, last in May 2025, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Modelux Tower 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 20 July 2026.
Key facts
- Type
- Studio apartment
- Size
- 522 sqft
- Floor
- 5th of 6
- Parking
- G-506
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 460K · May 2025
- Building
- Modelux Tower 1
About 506, Modelux Tower 1
506 is a studio of 522 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 13 May 2025 for AED 460,000, or AED 881 per sqft, 13% above the AED 782 studios in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 20 July 2026, is AED 45,000 a year: a gross yield of 9.8% on the 2025 price, before the service charge of about AED 6,900 a year.
Sales and rents for 506 over time
506 has sold twice; 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 506 sits
All 69 studios →506 last sold in May 2025 at AED 881 per sqft, 13% above what studios in Modelux Tower 1 were fetching at the time (AED 782). 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. 506's AED 45,000 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 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 | |
| 505 | Studio | 521 sqft | AED 450KAED 450,000 · Jun 2026June 2026 | 40,000 /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 |
506, Modelux Tower 1 in numbers
- Sold twice: first on 11 January 2023 for AED 280,000, last on 13 May 2025 for AED 460,000 (AED 881 per sqft).
- Rented since May 2023 on 3 Ejari contracts, from AED 30,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2025 price is 9.8%, 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 20 July 2026.
Questions about 506, Modelux Tower 1
What did unit 506 last sell for?
AED 460,000 on 13 May 2025: AED 881 per sqft for 522 sqft. The unit has 2 registered sales; the first was AED 280,000 in January 2023.
What is the rent for unit 506?
AED 45,000 a year on the contract renewed on 20 July 2026. The previous contract, from July 2025, was AED 46,000; the unit has been rented since May 2023.
How big is unit 506?
522 sqft (48.5 sqm): a studio on the 5th floor of a 6-storey tower completed in 2017.
What is unit 506 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 506, Modelux Tower 1
Starts from the last sale price (AED 460K, 13 May 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →