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Studio · 529 sqftModelux Tower 1, International City Phase 2 & 3 · 3rd floor · completed 2017

301, Modelux Tower 1

Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 10 December 2022
Last soldAED 285K15 November 2022
Current rentAED 23K /yr10 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, Modelux Tower 1

What is 301 worth today?

Last sold for AED 285,000 in 2022

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10 Dec 2022RentedNew contract
AED 23,000/yr12 months · AED 43 per sqft
15 Nov 2022Sold by developerReady
AED 285,000AED 538 per sqft
1 May 2020RentedNew contract
AED 25,000/yr13 months · AED 47 per sqft
1 Mar 2019RentedNew contract
AED 30,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 10 December 2022.

Key facts

Type
Studio apartment
Size
529 sqft
Floor
3rd of 6
Parking
B-301
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 7,000 /yr
Last sold
AED 285K · November 2022
Building
Modelux Tower 1

About 301, Modelux Tower 1

301 is a studio of 529 sqft on the 3rd 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 15 November 2022 for AED 285,000, or AED 538 per sqft, 4% above the AED 518 studios in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 10 December 2022, is AED 23,000 a year: a gross yield of 8.1% on the 2022 price, before the service charge of about AED 7,000 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical studio in Modelux Tower 1
400K2017202020232026Typical 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, November 2022: AED 285,000 (AED 538 per sqft)

301 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 301, each contractTypical studio in Modelux Tower 1
30K20182020202220242026Typical 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, March 2019: AED 30,000 a yearNew contract, May 2020: AED 25,000 a yearNew contract, December 2022: AED 23,000 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 301 sits

All 60 studios →

301 last sold in November 2022 at AED 538 per sqft, 4% above what studios in Modelux Tower 1 were fetching at the time (AED 518). 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. 301's AED 23,000 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 3rd floor

All 75 units in Modelux Tower 1
Value
302StudioAED 400K · Jan 2018
303StudioAED 460K · May 2025
304StudioAED 435K · Dec 2017
305StudioAED 430K · Oct 2017
306StudioAED 499K · Jan 2018
307StudioAED 400K · Oct 2024
308AED 440K · Aug 2025
1–7 of 12

301, Modelux Tower 1 in numbers

  • Sold once: by Modelux Real Estate Development on 15 November 2022 for AED 285,000, or AED 538 per sqft.
  • Rented since March 2019 on 3 Ejari contracts, from AED 30,000 to AED 23,000 a year.
  • At AED 23,000 a year the gross yield on the 2022 price is 8.1%, before a service charge of about AED 7,000 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 10 December 2022.

Questions about 301, Modelux Tower 1

What did unit 301 last sell for?

AED 285,000 on 15 November 2022, sold by the developer: AED 538 per sqft for 529 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 23,000 a year on the contract signed on 10 December 2022. The previous contract, from May 2020, was AED 25,000; the unit has been rented since March 2019.

How big is unit 301?

529 sqft (49.1 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.

What is unit 301 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 301, Modelux Tower 1

Starts from the last sale price (AED 285K, 15 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 285,000
Deposit, UAE resident (20%)
AED 57,000
Deposit, non-resident (40%)
AED 114,000
Monthly over 25 years at 3.7%
AED 1,166

Plus AED 14,880 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →