602, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in March 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, Modelux Tower 1
What is 602 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 1,086 sqft
- Floor
- 6th of 6
- Parking
- G-602
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 14,400 /yr
- Last sold
- AED 730K · March 2021
- Building
- Modelux Tower 1
About 602, Modelux Tower 1
602 is a one-bedroom apartment of 1,086 sqft on the 6th 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 3 March 2021 for AED 730,000, or AED 672 per sqft.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 1 November 2026, is AED 40,000 a year: a gross yield of 5.5% on the 2021 price, before the service charge of about AED 14,400 a year.
1-beds in Modelux Tower 1, and where 602 sits
All 3 1-beds →| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Feb 20247 February 2024 | 863 sqft | 590,000 | 683 | ||
| 4 Oct 20174 October 2017 | 932 sqft | 660,000 | 707 |
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 6th floor
All 78 units in Modelux Tower 1602, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 3 March 2021 for AED 730,000, or AED 672 per sqft.
- Rented since May 2019 on 5 Ejari contracts. The rent fell from AED 38,000 to AED 30,000 in 2020 and recovered to AED 40,000 by November 2026.
- At AED 40,000 a year the gross yield on the 2021 price is 5.5%, before a service charge of about AED 14,400 a year (AED 13.28 per sqft).
Source: Dubai Land Department. Updated 1 November 2026.
Questions about 602, Modelux Tower 1
What did unit 602 last sell for?
AED 730,000 on 3 March 2021, sold by the developer: AED 672 per sqft for 1,086 sqft. It is the only registered sale of the unit.
What is the rent for unit 602?
AED 40,000 a year on the contract signed on 1 November 2026. The previous contract, from June 2025, was AED 36,000; the unit has been rented since May 2019.
How big is unit 602?
1,086 sqft (100.9 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2017.
What is unit 602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 602, Modelux Tower 1
Starts from the last sale price (AED 730K, 3 March 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 730,000
- Deposit, UAE resident (20%)
- AED 146,000
- Deposit, non-resident (40%)
- AED 292,000
- Monthly over 25 years at 3.7%
- AED 2,987
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →