203, Modelux Tower 1
Sold prices and rental history: sold 3 times, last in November 2025, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 203, Modelux Tower 1
What is 203 worth today?
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Source: Dubai Land Department. Updated 14 December 2025.
Key facts
- Type
- Apartment
- Size
- 526 sqft
- Floor
- 2nd of 6
- Parking
- B-203
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,000 /yr
- Last sold
- AED 480K · November 2025
- Building
- Modelux Tower 1
About 203, Modelux Tower 1
203 is an apartment of 526 sqft on the 2nd 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 November 2025 for AED 480,000, or AED 912 per sqft.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 14 December 2025, is AED 44,000 a year: a gross yield of 9.2% on the 2025 price, before the service charge of about AED 7,000 a year.
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 2nd floor
All 75 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 201 | Studio | 529 sqft | AED 385KAED 385,000 · Jun 2024June 2024 | 41,500 /yr | |
| 202 | Studio | 514 sqft | AED 460KAED 460,000 · Apr 2021April 2021 | 34,000 /yr | |
| 204 | Studio | 522 sqft | AED 450KAED 450,000 · Oct 2017October 2017 | 28,000 /yr | |
| 205 | Studio | 521 sqft | AED 490KAED 490,000 · Nov 2017November 2017 | ||
| 206 | Studio | 522 sqft | AED 460KAED 460,000 · Feb 2020February 2020 | 26,000 /yr | |
| 207 | Studio | 515 sqft | AED 375KAED 375,000 · Dec 2024December 2024 | 43,000 /yr | |
| 208 | Studio | 523 sqft | AED 499KAED 499,000 · Oct 2017October 2017 | ||
| 209 | Studio | 497 sqft | AED 450KAED 450,000 · Mar 2018March 2018 | 43,000 /yr | |
| 210 | Studio | 511 sqft | AED 300KAED 300,000 · Sep 2022September 2022 | 30,000 /yr | |
| 211 | Studio | 512 sqft | AED 400KAED 400,000 · Oct 2024October 2024 | 44,000 /yr | |
| 212 | Studio | 512 sqft | AED 265KAED 265,000 · Mar 2021March 2021 | ||
| 213 | Studio | 512 sqft | AED 280KAED 280,000 · Dec 2019December 2019 | ||
| 214 | Studio | 505 sqft | AED 499KAED 499,000 · Nov 2017November 2017 | 31,000 /yr | |
| 215 | 2-bed | 830 sqft | AED 425KAED 425,000 · Aug 2022August 2022 | 45,000 /yr |
203, Modelux Tower 1 in numbers
- Sold 3 times: first on 10 May 2021 for AED 300,000, last on 11 November 2025 for AED 480,000 (AED 912 per sqft).
- Rented since January 2019 on 4 Ejari contracts. The rent fell from AED 31,000 to AED 23,000 in 2021 and recovered to AED 44,000 by December 2025.
- At AED 44,000 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).
Source: Dubai Land Department. Updated 14 December 2025.
Questions about 203, Modelux Tower 1
What did unit 203 last sell for?
AED 480,000 on 11 November 2025: AED 912 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 203?
AED 44,000 a year on the contract signed on 14 December 2025. The previous contract, from March 2024, was AED 29,000; the unit has been rented since January 2019.
How big is unit 203?
526 sqft (48.9 sqm): an apartment on the 2nd floor of a 6-storey tower completed in 2017.
What is unit 203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 203, Modelux Tower 1
Starts from the last sale price (AED 480K, 11 November 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 480,000
- Deposit, UAE resident (20%)
- AED 96,000
- Deposit, non-resident (40%)
- AED 192,000
- Monthly over 25 years at 3.7%
- AED 1,964
Plus AED 23,070 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →