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

308, Modelux Tower 1

Sold prices and rental history: sold twice, last in August 2025, and rented once, from August 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 16 August 2025
Last soldAED 440K8 August 2025
Current rentAED 40K /yr16 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 308, Modelux Tower 1

What is 308 worth today?

Last sold for AED 440,000 in 2025

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16 Aug 2025RentedNew contract
AED 40,000/yr12 months · AED 76 per sqft
8 Aug 2025SoldReady
AED 440,000AED 841 per sqft
31 Aug 2022Sold by developerReady
AED 250,000AED 478 per sqft

Source: Dubai Land Department. Updated 16 August 2025.

Key facts

Type
Apartment
Size
523 sqft
Floor
3rd of 6
Parking
B-308
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 6,900 /yr
Last sold
AED 440K · August 2025
Building
Modelux Tower 1

About 308, Modelux Tower 1

308 is an apartment of 523 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 8 August 2025 for AED 440,000, or AED 841 per sqft.

One Ejari contract is registered, from 16 August 2025. The current contract, signed on 16 August 2025, is AED 40,000 a year: a gross yield of 9.1% on the 2025 price, before the service charge of about AED 6,900 a year.

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
301StudioAED 285K · Nov 2022
302StudioAED 400K · Jan 2018
303StudioAED 460K · May 2025
304StudioAED 435K · Dec 2017
305StudioAED 430K · Oct 2017
306StudioAED 499K · Jan 2018
307StudioAED 400K · Oct 2024
1–7 of 12

308, Modelux Tower 1 in numbers

  • Sold twice: first on 31 August 2022 for AED 250,000, last on 8 August 2025 for AED 440,000 (AED 841 per sqft).
  • Rented since August 2025 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2025 price is 9.1%, before a service charge of about AED 6,900 a year (AED 13.28 per sqft).

Source: Dubai Land Department. Updated 16 August 2025.

Questions about 308, Modelux Tower 1

What did unit 308 last sell for?

AED 440,000 on 8 August 2025: AED 841 per sqft for 523 sqft. The unit has 2 registered sales; the first was AED 250,000 in August 2022.

What is the rent for unit 308?

AED 40,000 a year on the contract signed on 16 August 2025.

How big is unit 308?

523 sqft (48.6 sqm): an apartment on the 3rd floor of a 6-storey tower completed in 2017.

What is unit 308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 308, Modelux Tower 1

Starts from the last sale price (AED 440K, 8 August 2025). Switch to today's estimate once you have unlocked it.
Price
AED 440,000
Deposit, UAE resident (20%)
AED 88,000
Deposit, non-resident (40%)
AED 176,000
Monthly over 25 years at 3.7%
AED 1,800

Plus AED 21,390 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →