603, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in February 2024, and rented once, from September 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, Modelux Tower 1
What is 603 worth today?
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Source: Dubai Land Department. Updated 7 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 863 sqft
- Floor
- 6th of 6
- Parking
- G-603
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 11,500 /yr
- Last sold
- AED 590K · February 2024
- Building
- Modelux Tower 1
About 603, Modelux Tower 1
603 is a one-bedroom apartment of 863 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 7 February 2024 for AED 590,000, or AED 683 per sqft.
One Ejari contract is registered, from 10 September 2019. The current contract, signed on 10 September 2019, is AED 36,500 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 11,500 a year.
1-beds in Modelux Tower 1, and where 603 sits
All 3 1-beds →| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Mar 20213 March 2021 | 1,086 sqft | 730,000 | 672 | ||
| 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 1603, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 7 February 2024 for AED 590,000, or AED 683 per sqft.
- Rented since September 2019 on one Ejari contract, at AED 36,500 a year.
- At AED 36,500 a year the gross yield on the 2024 price is 6.2%, before a service charge of about AED 11,500 a year (AED 13.28 per sqft).
Source: Dubai Land Department. Updated 7 February 2024.
Questions about 603, Modelux Tower 1
What did unit 603 last sell for?
AED 590,000 on 7 February 2024, sold by the developer: AED 683 per sqft for 863 sqft. It is the only registered sale of the unit.
What is the rent for unit 603?
AED 36,500 a year on the contract signed on 10 September 2019.
How big is unit 603?
863 sqft (80.2 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2017.
What is unit 603 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 603, Modelux Tower 1
Starts from the last sale price (AED 590K, 7 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 590,000
- Deposit, UAE resident (20%)
- AED 118,000
- Deposit, non-resident (40%)
- AED 236,000
- Monthly over 25 years at 3.7%
- AED 2,414
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →