110, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in December 2019, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 110, Modelux Tower 1
What is 110 worth today?
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Source: Dubai Land Department. Updated 25 June 2022.
Key facts
- Type
- Studio apartment
- Size
- 449 sqft
- Floor
- 1st of 6
- Parking
- B-110
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,000 /yr
- Last sold
- AED 260K · December 2019
- Building
- Modelux Tower 1
About 110, Modelux Tower 1
110 is a studio of 449 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. The developer sold it on 19 December 2019 for AED 260,000, or AED 578 per sqft, 17% below the AED 694 studios in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 25 June 2022, is AED 23,000 a year: a gross yield of 8.8% on the 2019 price, before the service charge of about AED 6,000 a year.
Sales and rents for 110 over time
110 has sold once; 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 110 sits
All 60 studios →110 last sold in December 2019 at AED 578 per sqft, 17% below what studios in Modelux Tower 1 were fetching at the time (AED 694). 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. 110's AED 23,000 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 | ||
| 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 | ||
| 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 |
110, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 19 December 2019 for AED 260,000, or AED 578 per sqft.
- Rented since December 2018 on 3 Ejari contracts. The rent fell from AED 30,000 to AED 17,000 in 2021 and recovered to AED 23,000 by June 2022.
- At AED 23,000 a year the gross yield on the 2019 price is 8.8%, before a service charge of about AED 6,000 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 25 June 2022.
Questions about 110, Modelux Tower 1
What did unit 110 last sell for?
AED 260,000 on 19 December 2019, sold by the developer: AED 578 per sqft for 449 sqft. It is the only registered sale of the unit.
What is the rent for unit 110?
AED 23,000 a year on the contract signed on 25 June 2022. The previous contract, from May 2021, was AED 17,000; the unit has been rented since December 2018.
How big is unit 110?
449 sqft (41.7 sqm): a studio on the 1st floor of a 6-storey tower completed in 2017.
What is unit 110 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 110, Modelux Tower 1
Starts from the last sale price (AED 260K, 19 December 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 260,000
- Deposit, UAE resident (20%)
- AED 52,000
- Deposit, non-resident (40%)
- AED 104,000
- Monthly over 25 years at 3.7%
- AED 1,064
Plus AED 13,830 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →