307, Modelux Tower 1
Sold prices and rental history: sold twice, last in October 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 307, Modelux Tower 1
What is 307 worth today?
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Source: Dubai Land Department. Updated 7 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 515 sqft
- Floor
- 3rd of 6
- Parking
- B-307
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 400K · October 2024
- Building
- Modelux Tower 1
About 307, Modelux Tower 1
307 is a studio of 515 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. It last sold on 7 October 2024 for AED 400,000, or AED 777 per sqft, 6% above the AED 731 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 307 over time
307 has sold twice; 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 307 sits
All 60 studios →307 last sold in October 2024 at AED 777 per sqft, 6% above what studios in Modelux Tower 1 were fetching at the time (AED 731). 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.
| 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 | ||
| 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 | |
| 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 |
307, Modelux Tower 1 in numbers
- Sold twice: first on 31 May 2018 for AED 395,000, last on 7 October 2024 for AED 400,000 (AED 777 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 7 October 2024.
Questions about 307, Modelux Tower 1
What did unit 307 last sell for?
AED 400,000 on 7 October 2024: AED 777 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 395,000 in May 2018.
How big is unit 307?
515 sqft (47.8 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.
What is unit 307 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.
Selling 307? Put it on the OpenOffers board
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Mortgage on 307, Modelux Tower 1
Starts from the last sale price (AED 400K, 7 October 2024). 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 →