107, Modelux Tower 1
Sold prices and rental history: sold twice, last in April 2021, and rented once, from August 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 107, Modelux Tower 1
What is 107 worth today?
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Source: Dubai Land Department. Updated 11 April 2021.
Key facts
- Type
- Studio apartment
- Size
- 515 sqft
- Floor
- 1st of 6
- Parking
- B-107
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 220K · April 2021
- Building
- Modelux Tower 1
About 107, Modelux Tower 1
107 is a studio of 515 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 11 April 2021 for AED 220,000, or AED 427 per sqft, in line with the AED 427 studios in the building were fetching at the time.
One Ejari contract is registered, from 21 August 2019. The current contract, signed on 21 August 2019, is AED 32,000 a year: a gross yield of 14.5% on the 2021 price, before the service charge of about AED 6,800 a year.
Sales and rents for 107 over time
107 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 107 sits
All 60 studios →107 last sold in April 2021 at AED 427 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 427). 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. 107's AED 32,000 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 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 | ||
| 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 |
107, Modelux Tower 1 in numbers
- Sold twice: first on 24 February 2019 for AED 460,000, last on 11 April 2021 for AED 220,000 (AED 427 per sqft).
- Rented since August 2019 on one Ejari contract, at AED 32,000 a year.
- At AED 32,000 a year the gross yield on the 2021 price is 14.5%, before a service charge of about AED 6,800 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 11 April 2021.
Questions about 107, Modelux Tower 1
What did unit 107 last sell for?
AED 220,000 on 11 April 2021: AED 427 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 460,000 in February 2019.
What is the rent for unit 107?
AED 32,000 a year on the contract signed on 21 August 2019.
How big is unit 107?
515 sqft (47.8 sqm): a studio on the 1st floor of a 6-storey tower completed in 2017.
What is unit 107 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.
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Mortgage on 107, Modelux Tower 1
Starts from the last sale price (AED 220K, 11 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 220,000
- Deposit, UAE resident (20%)
- AED 44,000
- Deposit, non-resident (40%)
- AED 88,000
- Monthly over 25 years at 3.7%
- AED 900
Plus AED 12,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →