401, Modelux Tower 1
Sold prices and rental history: sold twice, last in April 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, Modelux Tower 1
What is 401 worth today?
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Source: Dubai Land Department. Updated 5 March 2025.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 4th of 6
- Parking
- B-401
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,000 /yr
- Last sold
- AED 390K · April 2024
- Building
- Modelux Tower 1
About 401, Modelux Tower 1
401 is a studio of 529 sqft on the 4th 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 5 April 2024 for AED 390,000, or AED 737 per sqft, in line with the AED 737 studios in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 5 March 2025, is AED 35,000 a year: a gross yield of 9.0% on the 2024 price, before the service charge of about AED 7,000 a year.
Sales and rents for 401 over time
401 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 401 sits
All 60 studios →401 last sold in April 2024 at AED 737 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 737). 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. 401's AED 35,000 is in the lower half 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 4th floor
All 75 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 403 | Studio | 526 sqft | AED 400KAED 400,000 · Aug 2023August 2023 | ||
| 404 | 522 sqft | AED 550KAED 550,000 · Nov 2025November 2025 | 23,000 /yr | ||
| 405 | Studio | 521 sqft | AED 499KAED 499,000 · Oct 2017October 2017 | 37,000 /yr | |
| 406 | 522 sqft | AED 460KAED 460,000 · Oct 2025October 2025 | 25,000 /yr | ||
| 407 | Studio | 515 sqft | AED 398KAED 398,000 · Oct 2024October 2024 | 31,000 /yr | |
| 408 | Studio | 523 sqft | AED 418KAED 418,000 · Mar 2025March 2025 | 26,000 /yr | |
| 410 | Studio | 511 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 24,000 /yr | |
| 411 | Studio | 512 sqft | AED 260KAED 260,000 · Jul 2021July 2021 | 25,000 /yr | |
| 412 | Studio | 512 sqft | AED 265KAED 265,000 · Feb 2022February 2022 |
401, Modelux Tower 1 in numbers
- Sold twice: first on 21 February 2023 for AED 295,000, last on 5 April 2024 for AED 390,000 (AED 737 per sqft).
- Rented since September 2023 on 2 Ejari contracts, from AED 30,000 to AED 35,000 a year.
- At AED 35,000 a year the gross yield on the 2024 price is 9.0%, before a service charge of about AED 7,000 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 5 March 2025.
Questions about 401, Modelux Tower 1
What did unit 401 last sell for?
AED 390,000 on 5 April 2024: AED 737 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 295,000 in February 2023.
What is the rent for unit 401?
AED 35,000 a year on the contract signed on 5 March 2025. The previous contract, from September 2023, was AED 30,000.
How big is unit 401?
529 sqft (49.1 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 401 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 401, Modelux Tower 1
Starts from the last sale price (AED 390K, 5 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 390,000
- Deposit, UAE resident (20%)
- AED 78,000
- Deposit, non-resident (40%)
- AED 156,000
- Monthly over 25 years at 3.7%
- AED 1,596
Plus AED 19,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →