103, Modelux Tower 1
Sold prices and rental history: sold 3 times, last in December 2025, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 103, Modelux Tower 1
What is 103 worth today?
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Source: Dubai Land Department. Updated 3 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 526 sqft
- Floor
- 1st of 6
- Parking
- B-103
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,000 /yr
- Last sold
- AED 490K · December 2025
- Building
- Modelux Tower 1
About 103, Modelux Tower 1
103 is a studio of 526 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 10 December 2025 for AED 490,000, or AED 931 per sqft, 7% above the AED 874 studios in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 3 February 2026, is AED 45,000 a year: a gross yield of 9.2% on the 2025 price, before the service charge of about AED 7,000 a year.
Sales and rents for 103 over time
103 has sold 3 times; 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 103 sits
All 60 studios →103 last sold in December 2025 at AED 931 per sqft, 7% above what studios in Modelux Tower 1 were fetching at the time (AED 874). 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. 103's AED 45,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 20 Feb 202520 February 2025 | 497 sqft | 470,000 | 945 |
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 | |||||
|---|---|---|---|---|---|
| 101 | Studio | 528 sqft | AED 360KAED 360,000 · Feb 2024February 2024 | 28,000 /yr | |
| 102 | Studio | 515 sqft | AED 250KAED 250,000 · Dec 2021December 2021 | 46,200 /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 |
103, Modelux Tower 1 in numbers
- Sold 3 times: first on 10 May 2021 for AED 300,000, last on 10 December 2025 for AED 490,000 (AED 931 per sqft).
- Rented since April 2024 on 2 Ejari contracts, from AED 25,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2025 price is 9.2%, 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 3 February 2026.
Questions about 103, Modelux Tower 1
What did unit 103 last sell for?
AED 490,000 on 10 December 2025: AED 931 per sqft for 526 sqft. The unit has 3 registered sales; the first was AED 300,000 in May 2021.
What is the rent for unit 103?
AED 45,000 a year on the contract signed on 3 February 2026. The previous contract, from April 2024, was AED 25,000.
How big is unit 103?
526 sqft (48.9 sqm): a studio on the 1st floor of a 6-storey tower completed in 2017.
What is unit 103 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 103? Put it on the OpenOffers board
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Mortgage on 103, Modelux Tower 1
Starts from the last sale price (AED 490K, 10 December 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 490,000
- Deposit, UAE resident (20%)
- AED 98,000
- Deposit, non-resident (40%)
- AED 196,000
- Monthly over 25 years at 3.7%
- AED 2,005
Plus AED 23,490 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →