405, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in October 2017, and rented once, from October 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 405, Modelux Tower 1
What is 405 worth today?
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Source: Dubai Land Department. Updated 14 October 2018.
Key facts
- Type
- Studio apartment
- Size
- 521 sqft
- Floor
- 4th of 6
- Parking
- B-405
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 499K · October 2017
- Building
- Modelux Tower 1
About 405, Modelux Tower 1
405 is a studio of 521 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. The developer sold it on 30 October 2017 for AED 499,000, or AED 957 per sqft, in line with the AED 940 studios in the building were fetching at the time.
One Ejari contract is registered, from 14 October 2018. The current contract, signed on 14 October 2018, is AED 37,000 a year: a gross yield of 7.4% on the 2017 price, before the service charge of about AED 6,900 a year.
Sales and rents for 405 over time
405 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 405 sits
All 60 studios →405 last sold in October 2017 at AED 957 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 940). 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. 405's AED 37,000 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 | |||||
|---|---|---|---|---|---|
| 401 | Studio | 529 sqft | AED 390KAED 390,000 · Apr 2024April 2024 | 35,000 /yr | |
| 403 | Studio | 526 sqft | AED 400KAED 400,000 · Aug 2023August 2023 | ||
| 404 | 522 sqft | AED 550KAED 550,000 · Nov 2025November 2025 | 23,000 /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 |
405, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 30 October 2017 for AED 499,000, or AED 957 per sqft.
- Rented since October 2018 on one Ejari contract, at AED 37,000 a year.
- At AED 37,000 a year the gross yield on the 2017 price is 7.4%, 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 14 October 2018.
Questions about 405, Modelux Tower 1
What did unit 405 last sell for?
AED 499,000 on 30 October 2017, sold by the developer: AED 957 per sqft for 521 sqft. It is the only registered sale of the unit.
What is the rent for unit 405?
AED 37,000 a year on the contract signed on 14 October 2018.
How big is unit 405?
521 sqft (48.4 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 405 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 405, Modelux Tower 1
Starts from the last sale price (AED 499K, 30 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 499,000
- Deposit, UAE resident (20%)
- AED 99,800
- Deposit, non-resident (40%)
- AED 199,600
- Monthly over 25 years at 3.7%
- AED 2,042
Plus AED 23,868 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →