408, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in March 2025, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Modelux Tower 1
What is 408 worth today?
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Source: Dubai Land Department. Updated 24 March 2025.
Key facts
- Type
- Studio apartment
- Size
- 523 sqft
- Floor
- 4th of 6
- Parking
- B-408
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,900 /yr
- Last sold
- AED 418K · March 2025
- Building
- Modelux Tower 1
About 408, Modelux Tower 1
408 is a studio of 523 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 24 March 2025 for AED 418,000, or AED 799 per sqft, in line with the AED 777 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 21 November 2022, is AED 26,000 a year: a gross yield of 6.2% on the 2025 price, before the service charge of about AED 6,900 a year.
Sales and rents for 408 over time
408 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 408 sits
All 60 studios →408 last sold in March 2025 at AED 799 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 777). 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. 408's AED 26,000 is at the bottom 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 | ||
| 20 Feb 202520 February 2025 | 497 sqft | 470,000 | 945 |
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 | ||
| 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 | |
| 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 |
408, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 24 March 2025 for AED 418,000, or AED 799 per sqft.
- Rented since September 2019 on 4 Ejari contracts. The rent fell from AED 28,000 to AED 23,000 in 2021 and recovered to AED 26,000 by November 2022.
- At AED 26,000 a year the gross yield on the 2025 price is 6.2%, 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 24 March 2025.
Questions about 408, Modelux Tower 1
What did unit 408 last sell for?
AED 418,000 on 24 March 2025, sold by the developer: AED 799 per sqft for 523 sqft. It is the only registered sale of the unit.
What is the rent for unit 408?
AED 26,000 a year on the contract signed on 21 November 2022. The previous contract, from October 2021, was AED 23,000; the unit has been rented since September 2019.
How big is unit 408?
523 sqft (48.6 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 408 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 408, Modelux Tower 1
Starts from the last sale price (AED 418K, 24 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 418,000
- Deposit, UAE resident (20%)
- AED 83,600
- Deposit, non-resident (40%)
- AED 167,200
- Monthly over 25 years at 3.7%
- AED 1,710
Plus AED 20,466 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →