204, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in October 2017, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 204, Modelux Tower 1
What is 204 worth today?
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Source: Dubai Land Department. Updated 14 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 522 sqft
- Floor
- 2nd of 6
- Parking
- B-204
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 450K · October 2017
- Building
- Modelux Tower 1
About 204, Modelux Tower 1
204 is a studio of 522 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. The developer sold it on 26 October 2017 for AED 450,000, or AED 861 per sqft, 5% below the AED 908 studios in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 14 February 2025, is AED 28,000 a year: a gross yield of 6.2% on the 2017 price, before the service charge of about AED 6,900 a year.
Sales and rents for 204 over time
204 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 204 sits
All 60 studios →204 last sold in October 2017 at AED 861 per sqft, 5% below what studios in Modelux Tower 1 were fetching at the time (AED 908). 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. 204's AED 28,000 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 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 | |
| 203 | 526 sqft | AED 480KAED 480,000 · Nov 2025November 2025 | 44,000 /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 |
204, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 26 October 2017 for AED 450,000, or AED 861 per sqft.
- Rented since December 2024 on 3 Ejari contracts, from AED 35,000 to AED 28,000 a year.
- At AED 28,000 a year the gross yield on the 2017 price is 6.2%, before a service charge of about AED 6,900 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 14 February 2025.
Questions about 204, Modelux Tower 1
What did unit 204 last sell for?
AED 450,000 on 26 October 2017, sold by the developer: AED 861 per sqft for 522 sqft. It is the only registered sale of the unit.
What is the rent for unit 204?
AED 28,000 a year on the contract signed on 14 February 2025. The previous contract, from January 2025, was AED 35,000; the unit has been rented since December 2024.
How big is unit 204?
522 sqft (48.5 sqm): a studio on the 2nd floor of a 6-storey tower completed in 2017.
What is unit 204 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 204, Modelux Tower 1
Starts from the last sale price (AED 450K, 26 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus AED 21,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →