305, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in October 2017, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 305, Modelux Tower 1
What is 305 worth today?
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Source: Dubai Land Department. Updated 17 March 2023.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- 3rd of 6
- Parking
- B-305
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 430K · October 2017
- Building
- Modelux Tower 1
About 305, Modelux Tower 1
305 is a studio of 521 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 4 October 2017 for AED 430,000, or AED 825 per sqft, 14% below the AED 954 studios in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 17 March 2023, is AED 27,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 6,900 a year.
Sales and rents for 305 over time
305 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 305 sits
All 60 studios →305 last sold in October 2017 at AED 825 per sqft, 14% below what studios in Modelux Tower 1 were fetching at the time (AED 954). 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. 305's AED 27,000 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 | |
| 302 | Studio | 514 sqft | AED 400KAED 400,000 · Jan 2018January 2018 | 32,000 /yr | |
| 303 | Studio | 526 sqft | AED 460KAED 460,000 · May 2025May 2025 | ||
| 304 | Studio | 522 sqft | AED 435KAED 435,000 · Dec 2017December 2017 | ||
| 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 |
305, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 4 October 2017 for AED 430,000, or AED 825 per sqft.
- Rented since January 2019 on 2 Ejari contracts, from AED 32,000 to AED 27,000 a year.
- At AED 27,000 a year the gross yield on the 2017 price is 6.3%, 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 17 March 2023.
Questions about 305, Modelux Tower 1
What did unit 305 last sell for?
AED 430,000 on 4 October 2017, sold by the developer: AED 825 per sqft for 521 sqft. It is the only registered sale of the unit.
What is the rent for unit 305?
AED 27,000 a year on the contract signed on 17 March 2023. The previous contract, from January 2019, was AED 32,000.
How big is unit 305?
521 sqft (48.4 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.
What is unit 305 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 305, Modelux Tower 1
Starts from the last sale price (AED 430K, 4 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 430,000
- Deposit, UAE resident (20%)
- AED 86,000
- Deposit, non-resident (40%)
- AED 172,000
- Monthly over 25 years at 3.7%
- AED 1,759
Plus AED 20,970 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →