514, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in October 2017, and rented once, from November 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 514, Modelux Tower 1
What is 514 worth today?
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Source: Dubai Land Department. Updated 21 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 505 sqft
- Floor
- 5th of 6
- Parking
- G-514
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,700 /yr
- Last sold
- AED 475K · October 2017
- Building
- Modelux Tower 1
About 514, Modelux Tower 1
514 is a studio of 505 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 30 October 2017 for AED 475,000, or AED 940 per sqft, 4% above the AED 901 studios in the building were fetching at the time.
One Ejari contract is registered, from 21 November 2025. The current contract, signed on 21 November 2025, is AED 31,500 a year: a gross yield of 6.6% on the 2017 price, before the service charge of about AED 6,700 a year.
Sales and rents for 514 over time
514 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 514 sits
All 69 studios →514 last sold in October 2017 at AED 940 per sqft, 4% above what studios in Modelux Tower 1 were fetching at the time (AED 901). 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. 514's AED 31,500 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 | ||
| 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 | |
| 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 | |
| 515 | 2-bed | 830 sqft | AED 438KAED 437,500 · Sep 2022September 2022 | 34,000 /yr |
514, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 30 October 2017 for AED 475,000, or AED 940 per sqft.
- Rented since November 2025 on one Ejari contract, at AED 31,500 a year.
- At AED 31,500 a year the gross yield on the 2017 price is 6.6%, before a service charge of about AED 6,700 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 21 November 2025.
Questions about 514, Modelux Tower 1
What did unit 514 last sell for?
AED 475,000 on 30 October 2017, sold by the developer: AED 940 per sqft for 505 sqft. It is the only registered sale of the unit.
What is the rent for unit 514?
AED 31,500 a year on the contract signed on 21 November 2025.
How big is unit 514?
505 sqft (46.9 sqm): a studio on the 5th floor of a 6-storey tower completed in 2017.
What is unit 514 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 514, Modelux Tower 1
Starts from the last sale price (AED 475K, 30 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 475,000
- Deposit, UAE resident (20%)
- AED 95,000
- Deposit, non-resident (40%)
- AED 190,000
- Monthly over 25 years at 3.7%
- AED 1,943
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →