604, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in October 2017, and rented once, from July 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 604, Modelux Tower 1
What is 604 worth today?
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Source: Dubai Land Department. Updated 1 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 932 sqft
- Floor
- 6th of 6
- Parking
- G-604
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 12,400 /yr
- Last sold
- AED 660K · October 2017
- Building
- Modelux Tower 1
About 604, Modelux Tower 1
604 is a one-bedroom apartment of 932 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 4 October 2017 for AED 660,000, or AED 707 per sqft.
One Ejari contract is registered, from 1 July 2024. The current contract, renewed on 1 July 2024, is AED 39,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 12,400 a year.
1-beds in Modelux Tower 1, and where 604 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 | ||
| 3 Mar 20213 March 2021 | 1,086 sqft | 730,000 | 672 |
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 1604, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 4 October 2017 for AED 660,000, or AED 707 per sqft.
- Rented since July 2024 on one Ejari contract, at AED 39,000 a year.
- At AED 39,000 a year the gross yield on the 2017 price is 5.9%, before a service charge of about AED 12,400 a year (AED 13.28 per sqft).
Source: Dubai Land Department. Updated 1 July 2024.
Questions about 604, Modelux Tower 1
What did unit 604 last sell for?
AED 660,000 on 4 October 2017, sold by the developer: AED 707 per sqft for 932 sqft. It is the only registered sale of the unit.
What is the rent for unit 604?
AED 39,000 a year on the contract renewed on 1 July 2024.
How big is unit 604?
932 sqft (86.6 sqm): a one-bedroom apartment on the 6th floor of a 6-storey tower completed in 2017.
What is unit 604 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 604, Modelux Tower 1
Starts from the last sale price (AED 660K, 4 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 660,000
- Deposit, UAE resident (20%)
- AED 132,000
- Deposit, non-resident (40%)
- AED 264,000
- Monthly over 25 years at 3.7%
- AED 2,700
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →