302, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in January 2018, 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 302, Modelux Tower 1
What is 302 worth today?
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Source: Dubai Land Department. Updated 11 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 3rd of 6
- Parking
- B-302
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 400K · January 2018
- Building
- Modelux Tower 1
About 302, Modelux Tower 1
302 is a studio of 514 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 18 January 2018 for AED 400,000, or AED 777 per sqft, 18% below the AED 943 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 11 April 2025, is AED 32,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 6,800 a year.
Sales and rents for 302 over time
302 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 302 sits
All 60 studios →302 last sold in January 2018 at AED 777 per sqft, 18% below what studios in Modelux Tower 1 were fetching at the time (AED 943). 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. 302's AED 32,000 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 3rd floor
All 75 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | Studio | 529 sqft | AED 285KAED 285,000 · Nov 2022November 2022 | 23,000 /yr | |
| 303 | Studio | 526 sqft | AED 460KAED 460,000 · May 2025May 2025 | ||
| 304 | Studio | 522 sqft | AED 435KAED 435,000 · Dec 2017December 2017 | ||
| 305 | Studio | 521 sqft | AED 430KAED 430,000 · Oct 2017October 2017 | 27,000 /yr | |
| 306 | Studio | 522 sqft | AED 499KAED 499,000 · Jan 2018January 2018 | 34,000 /yr | |
| 307 | Studio | 515 sqft | AED 400KAED 400,000 · Oct 2024October 2024 | ||
| 308 | 523 sqft | AED 440KAED 440,000 · Aug 2025August 2025 | 40,000 /yr | ||
| 309 | Studio | 497 sqft | AED 470KAED 470,000 · Feb 2025February 2025 | ||
| 310 | Studio | 511 sqft | AED 499KAED 499,000 · Feb 2018February 2018 | ||
| 311 | Studio | 512 sqft | AED 290KAED 290,000 · Feb 2023February 2023 | ||
| 314 | Studio | 505 sqft | AED 250KAED 250,000 · Nov 2021November 2021 | 42,000 /yr | |
| 315 | 830 sqft | AED 739KAED 739,000 · Nov 2017November 2017 |
302, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 18 January 2018 for AED 400,000, or AED 777 per sqft.
- Rented since January 2019 on 7 Ejari contracts. The rent fell from AED 32,000 to AED 25,000 in 2022 and recovered to AED 32,000 by April 2025.
- At AED 32,000 a year the gross yield on the 2018 price is 8.0%, before a service charge of about AED 6,800 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 11 April 2025.
Questions about 302, Modelux Tower 1
What did unit 302 last sell for?
AED 400,000 on 18 January 2018, sold by the developer: AED 777 per sqft for 514 sqft. It is the only registered sale of the unit.
What is the rent for unit 302?
AED 32,000 a year on the contract renewed on 11 April 2025. The previous contract, from April 2024, was AED 28,000; the unit has been rented since January 2019.
How big is unit 302?
514 sqft (47.8 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.
What is unit 302 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 302, Modelux Tower 1
Starts from the last sale price (AED 400K, 18 January 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus AED 19,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →