410, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in September 2023, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 410, Modelux Tower 1
What is 410 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 September 2023.
Key facts
- Type
- Studio apartment
- Size
- 511 sqft
- Floor
- 4th of 6
- Parking
- B-410
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 400K · September 2023
- Building
- Modelux Tower 1
About 410, Modelux Tower 1
410 is a studio of 511 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 13 September 2023 for AED 400,000, or AED 782 per sqft, 33% above the AED 586 studios in the building were fetching at the time.
It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 17 July 2020, is AED 24,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 6,800 a year.
Sales and rents for 410 over time
410 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 410 sits
All 60 studios →410 last sold in September 2023 at AED 782 per sqft, 33% above what studios in Modelux Tower 1 were fetching at the time (AED 586). 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. 410's AED 24,000 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 | ||
| 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 | ||
| 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 | |
| 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 |
410, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 13 September 2023 for AED 400,000, or AED 782 per sqft.
- Rented since November 2019 on 2 Ejari contracts, from AED 27,073 to AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2023 price is 6.0%, before a service charge of about AED 6,800 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: YallaValue analysis of Dubai Land Department records. Updated 13 September 2023.
Questions about 410, Modelux Tower 1
What did unit 410 last sell for?
AED 400,000 on 13 September 2023, sold by the developer: AED 782 per sqft for 511 sqft. It is the only registered sale of the unit.
What is the rent for unit 410?
AED 24,000 a year on the contract signed on 17 July 2020. The previous contract, from November 2019, was AED 27,073.
How big is unit 410?
511 sqft (47.5 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 410 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 410, Modelux Tower 1
Starts from the last sale price (AED 400K, 13 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus AED 19,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →