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Studio · 449 sqftModelux Tower 1, International City Phase 2 & 3 · 1st floor · completed 2017

111, Modelux Tower 1

Sold prices and rental history: sold twice, last in May 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 111 · DLD and Ejari recordsUpdated 27 February 2022
Last soldAED 200K23 May 2021
Current rentAED 20K /yr27 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 111, Modelux Tower 1

What is 111 worth today?

Last sold for AED 200,000 in 2021

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27 Feb 2022RentedRenewal
AED 20,000/yr12 months · AED 45 per sqft
23 May 2021SoldReady
AED 200,000AED 445 per sqft
27 Jan 2021RentedNew contract
AED 20,000/yr13 months · AED 44 per sqft
12 Nov 2019RentedNew contract
AED 23,934/yr12 months · AED 53 per sqft
22 Jul 2019Sold by developerReady
AED 280,000AED 623 per sqft

Source: Dubai Land Department. Updated 27 February 2022.

Key facts

Type
Studio apartment
Size
449 sqft
Floor
1st of 6
Parking
B-111
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 6,000 /yr
Last sold
AED 200K · May 2021
Building
Modelux Tower 1

About 111, Modelux Tower 1

111 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. It last sold on 23 May 2021 for AED 200,000, or AED 445 per sqft, 22% below the AED 570 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 27 February 2022, is AED 20,000 a year: a gross yield of 10.0% on the 2021 price, before the service charge of about AED 6,000 a year.

Sales and rents for 111 over time

Sales
Unit 111, each saleTypical studio in Modelux Tower 1
200K400K2017202020232026Typical sale price by year: 2017 AED 495,000; 2018 AED 442,500; 2019 AED 355,000; 2020 AED 410,000; 2021 AED 257,500; 2022 AED 277,500; 2023 AED 375,000; 2024 AED 385,000; 2025 AED 460,000Sold by developer, July 2019: AED 280,000 (AED 623 per sqft)Sold, May 2021: AED 200,000 (AED 445 per sqft)

111 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 111, each contractTypical studio in Modelux Tower 1
20K30K20182020202220242026Typical rent by year: 2018 AED 34,500; 2019 AED 28,000; 2020 AED 25,000; 2021 AED 24,000; 2022 AED 24,000; 2023 AED 26,926; 2024 AED 32,000; 2025 AED 35,000New contract, November 2019: AED 23,934 a yearNew contract, January 2021: AED 20,000 a yearRenewal, February 2022: AED 20,000 a year

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 111 sits

All 60 studios →

111 last sold in May 2021 at AED 445 per sqft, 22% below what studios in Modelux Tower 1 were fetching at the time (AED 570). 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. 111's AED 20,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
10 Dec 2025490,000
20 May 2025460,000
13 May 2025460,000
24 Mar 2025418,000
1 studio sale in the last 12 months

Modelux Tower 1

Building

75 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%
Modelux Tower 1, International City Phase 2 & 3: prices, sales and rents →

Other units on the 1st floor

All 75 units in Modelux Tower 1
Value
101StudioAED 360K · Feb 2024
102StudioAED 250K · Dec 2021
103StudioAED 490K · Dec 2025
104StudioNo registered sale
105StudioAED 450K · Feb 2018
106StudioAED 200K · Feb 2021
107StudioAED 220K · Apr 2021
1–7 of 13

111, Modelux Tower 1 in numbers

  • Sold twice: first on 22 July 2019 for AED 280,000, last on 23 May 2021 for AED 200,000 (AED 445 per sqft).
  • Rented since November 2019 on 3 Ejari contracts, from AED 23,934 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2021 price is 10.0%, 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 27 February 2022.

Questions about 111, Modelux Tower 1

What did unit 111 last sell for?

AED 200,000 on 23 May 2021: AED 445 per sqft for 449 sqft. The unit has 2 registered sales; the first was AED 280,000 in July 2019.

What is the rent for unit 111?

AED 20,000 a year on the contract renewed on 27 February 2022. The previous contract, from January 2021, was AED 20,000; the unit has been rented since November 2019.

How big is unit 111?

449 sqft (41.7 sqm): a studio on the 1st floor of a 6-storey tower completed in 2017.

What is unit 111 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 111, Modelux Tower 1

Starts from the last sale price (AED 200K, 23 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 200,000
Deposit, UAE resident (20%)
AED 40,000
Deposit, non-resident (40%)
AED 80,000
Monthly over 25 years at 3.7%
AED 818

Plus AED 11,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →