G04, Modelux Tower 1
Sold prices and rental history: sold twice, last in November 2025, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for G04, Modelux Tower 1
What is G04 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 580 sqft
- Floor
- Ground of 6
- Parking
- G-G04
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,700 /yr
- Last sold
- AED 465K · November 2025
- Building
- Modelux Tower 1
About G04, Modelux Tower 1
G04 is a studio of 580 sqft on the ground 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 7 November 2025 for AED 465,000, or AED 802 per sqft, 5% below the AED 841 studios in the building were fetching at the time.
It has been rented continuously since 2023 on 4 Ejari contracts. The current contract, signed on 1 September 2026, is AED 40,000 a year: a gross yield of 8.6% on the 2025 price, before the service charge of about AED 7,700 a year.
Sales and rents for G04 over time
G04 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 G04 sits
All 69 studios →G04 last sold in November 2025 at AED 802 per sqft, 5% below what studios in Modelux Tower 1 were fetching at the time (AED 841). 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. G04's AED 40,000 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 ground floor
All 78 units in Modelux Tower 1G04, Modelux Tower 1 in numbers
- Sold twice: first on 24 June 2018 for AED 410,000, last on 7 November 2025 for AED 465,000 (AED 802 per sqft).
- Rented since September 2023 on 4 Ejari contracts, from AED 36,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2025 price is 8.6%, before a service charge of about AED 7,700 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 1 September 2026.
Questions about G04, Modelux Tower 1
What did unit G04 last sell for?
AED 465,000 on 7 November 2025: AED 802 per sqft for 580 sqft. The unit has 2 registered sales; the first was AED 410,000 in June 2018.
What is the rent for unit G04?
AED 40,000 a year on the contract signed on 1 September 2026. The previous contract, from May 2026, was AED 48,000; the unit has been rented since September 2023.
How big is unit G04?
580 sqft (53.9 sqm): a studio on the ground floor of a 6-storey tower completed in 2017.
What is unit G04 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 G04, Modelux Tower 1
Starts from the last sale price (AED 465K, 7 November 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 465,000
- Deposit, UAE resident (20%)
- AED 93,000
- Deposit, non-resident (40%)
- AED 186,000
- Monthly over 25 years at 3.7%
- AED 1,902
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →