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Studio · 505 sqftModelux Tower 1, International City Phase 2 & 3 · 3rd floor · completed 2017

314, Modelux Tower 1

Sold prices and rental history: sold twice, last in November 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 314 · DLD and Ejari recordsUpdated 1 January 2023
Last soldAED 250K18 November 2021
Current rentAED 42K /yr1 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 314, Modelux Tower 1

What is 314 worth today?

Last sold for AED 250,000 in 2021

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1 Jan 2023RentedNew contract
AED 42,000/yr12 months · AED 83 per sqft
18 Nov 2021SoldReady
AED 250,000AED 495 per sqft
18 Mar 2019Sold by developerReady
AED 430,000AED 851 per sqft
28 Nov 2018RentedNew contract
AED 32,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 1 January 2023.

Key facts

Type
Studio apartment
Size
505 sqft
Floor
3rd of 6
Parking
B-314
Developer
Modelux Real Estate Development
Completed
2017
Service charge
AED 6,700 /yr
Last sold
AED 250K · November 2021
Building
Modelux Tower 1

About 314, Modelux Tower 1

314 is a studio of 505 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 18 November 2021 for AED 250,000, or AED 495 per sqft, 4% below the AED 513 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 1 January 2023, is AED 42,000 a year: a gross yield of 16.8% on the 2021 price, before the service charge of about AED 6,700 a year.

Sales and rents for 314 over time

Sales
Unit 314, 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, March 2019: AED 430,000 (AED 851 per sqft)Sold, November 2021: AED 250,000 (AED 495 per sqft)

314 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 314, each contractTypical studio in Modelux Tower 1
30K40K20182020202220242026Typical 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, November 2018: AED 32,000 a yearNew contract, January 2023: AED 42,000 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 314 sits

All 60 studios →

314 last sold in November 2021 at AED 495 per sqft, 4% below what studios in Modelux Tower 1 were fetching at the time (AED 513). 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. 314's AED 42,000 is in the lower half 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
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

314, Modelux Tower 1 in numbers

  • Sold twice: first on 18 March 2019 for AED 430,000, last on 18 November 2021 for AED 250,000 (AED 495 per sqft).
  • Rented since November 2018 on 2 Ejari contracts, from AED 32,000 to AED 42,000 a year.
  • At AED 42,000 a year the gross yield on the 2021 price is 16.8%, before a service charge of about AED 6,700 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 1 January 2023.

Questions about 314, Modelux Tower 1

What did unit 314 last sell for?

AED 250,000 on 18 November 2021: AED 495 per sqft for 505 sqft. The unit has 2 registered sales; the first was AED 430,000 in March 2019.

What is the rent for unit 314?

AED 42,000 a year on the contract signed on 1 January 2023. The previous contract, from November 2018, was AED 32,000.

How big is unit 314?

505 sqft (46.9 sqm): a studio on the 3rd floor of a 6-storey tower completed in 2017.

What is unit 314 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 314, Modelux Tower 1

Starts from the last sale price (AED 250K, 18 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 250,000
Deposit, UAE resident (20%)
AED 50,000
Deposit, non-resident (40%)
AED 100,000
Monthly over 25 years at 3.7%
AED 1,023

Plus AED 13,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →