101, Modelux Tower 1
Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 101, Modelux Tower 1
What is 101 worth today?
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Source: Dubai Land Department. Updated 29 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 528 sqft
- Floor
- 1st of 6
- Parking
- B-101
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,000 /yr
- Last sold
- AED 360K · February 2024
- Building
- Modelux Tower 1
About 101, Modelux Tower 1
101 is a studio of 528 sqft on the 1st 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 29 February 2024 for AED 360,000, or AED 682 per sqft, 7% below the AED 734 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 31 October 2022, is AED 28,000 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 7,000 a year.
Sales and rents for 101 over time
101 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 101 sits
All 60 studios →101 last sold in February 2024 at AED 682 per sqft, 7% below what studios in Modelux Tower 1 were fetching at the time (AED 734). Over the last 12 months studios sold for AED 490,000, around AED 931 per sqft, and rent for AED 34,000 to 52,800 a year. 101's AED 28,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Dec 202510 December 2025 | 526 sqft | 490,000 | 931 | ||
| 20 May 202520 May 2025 | 526 sqft | 460,000 | 874 | ||
| 13 May 202513 May 2025 | 522 sqft | 460,000 | 881 | ||
| 24 Mar 202524 March 2025 | 523 sqft | 418,000 | 799 |
Modelux Tower 1
Building75 apartments, studios to 2-bed over 6 floors in International City Phase 2 & 3, completed in 2017 by Modelux Real Estate Development. 1 sold in the last 12 months.
- Typical price per sqft
- AED 931
- Typical sale
- AED 490K
- Typical rent
- AED 43K /yr
- Typical yield
- 9.0%
Other units on the 1st floor
All 75 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 102 | Studio | 515 sqft | AED 250KAED 250,000 · Dec 2021December 2021 | 46,200 /yr | |
| 103 | Studio | 526 sqft | AED 490KAED 490,000 · Dec 2025December 2025 | 45,000 /yr | |
| 104 | Studio | 522 sqft | No registered sale | ||
| 105 | Studio | 521 sqft | AED 450KAED 450,000 · Feb 2018February 2018 | ||
| 106 | Studio | 522 sqft | AED 200KAED 200,000 · Feb 2021February 2021 | ||
| 107 | Studio | 515 sqft | AED 220KAED 220,000 · Apr 2021April 2021 | 32,000 /yr | |
| 108 | Studio | 523 sqft | AED 275KAED 275,000 · Feb 2020February 2020 | ||
| 110 | Studio | 449 sqft | AED 260KAED 260,000 · Dec 2019December 2019 | 23,000 /yr | |
| 111 | Studio | 449 sqft | AED 200KAED 200,000 · May 2021May 2021 | 20,000 /yr | |
| 112 | Studio | 511 sqft | AED 250KAED 250,000 · Dec 2021December 2021 | 27,000 /yr | |
| 113 | Studio | 512 sqft | AED 465KAED 465,000 · Dec 2017December 2017 | 42,000 /yr | |
| 114 | Studio | 505 sqft | AED 499KAED 499,000 · Dec 2017December 2017 | ||
| 115 | 2-bed | 830 sqft | AED 221KAED 221,000 · Feb 2021February 2021 | 40,000 /yr |
101, Modelux Tower 1 in numbers
- Sold twice: first on 10 December 2017 for AED 499,000, last on 29 February 2024 for AED 360,000 (AED 682 per sqft).
- Rented since June 2018 on 4 Ejari contracts, from AED 35,000 to AED 28,000 a year.
- At AED 28,000 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 7,000 a year (AED 13.28 per sqft).
- Studios in Modelux Tower 1 sold for AED 490,000–490,000 in the 12 months to November 2026; the building's median across all types is AED 931 per sqft.
Source: Dubai Land Department. Updated 29 February 2024.
Questions about 101, Modelux Tower 1
What did unit 101 last sell for?
AED 360,000 on 29 February 2024: AED 682 per sqft for 528 sqft. The unit has 2 registered sales; the first was AED 499,000 in December 2017.
What is the rent for unit 101?
AED 28,000 a year on the contract renewed on 31 October 2022. The previous contract, from November 2020, was AED 27,073; the unit has been rented since June 2018.
How big is unit 101?
528 sqft (49.1 sqm): a studio on the 1st floor of a 6-storey tower completed in 2017.
What is unit 101 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 490,000 to 490,000 in the last 12 months, around AED 931 per sqft.
Selling 101? Put it on the OpenOffers board
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Mortgage on 101, Modelux Tower 1
Starts from the last sale price (AED 360K, 29 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 360,000
- Deposit, UAE resident (20%)
- AED 72,000
- Deposit, non-resident (40%)
- AED 144,000
- Monthly over 25 years at 3.7%
- AED 1,473
Plus AED 18,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →