411, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in July 2021, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 411, Modelux Tower 1
What is 411 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 30 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 512 sqft
- Floor
- 4th of 6
- Parking
- B-411
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 260K · July 2021
- Building
- Modelux Tower 1
About 411, Modelux Tower 1
411 is a studio of 512 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 28 July 2021 for AED 260,000, or AED 508 per sqft, in line with the AED 518 studios in the building were fetching at the time.
It has been rented since 2020 on 2 Ejari contracts. The current contract, signed on 30 October 2024, is AED 25,000 a year: a gross yield of 9.6% on the 2021 price, before the service charge of about AED 6,800 a year.
Sales and rents for 411 over time
411 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 411 sits
All 60 studios →411 last sold in July 2021 at AED 508 per sqft, in line with what studios in Modelux Tower 1 were fetching at the time (AED 518). 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. 411's AED 25,000 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 | |
| 410 | Studio | 511 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 24,000 /yr | |
| 412 | Studio | 512 sqft | AED 265KAED 265,000 · Feb 2022February 2022 |
411, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 28 July 2021 for AED 260,000, or AED 508 per sqft.
- Rented since November 2020 on 2 Ejari contracts, from AED 23,000 to AED 25,000 a year.
- At AED 25,000 a year the gross yield on the 2021 price is 9.6%, 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 30 October 2024.
Questions about 411, Modelux Tower 1
What did unit 411 last sell for?
AED 260,000 on 28 July 2021, sold by the developer: AED 508 per sqft for 512 sqft. It is the only registered sale of the unit.
What is the rent for unit 411?
AED 25,000 a year on the contract signed on 30 October 2024. The previous contract, from November 2020, was AED 23,000.
How big is unit 411?
512 sqft (47.6 sqm): a studio on the 4th floor of a 6-storey tower completed in 2017.
What is unit 411 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 411, Modelux Tower 1
Starts from the last sale price (AED 260K, 28 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 260,000
- Deposit, UAE resident (20%)
- AED 52,000
- Deposit, non-resident (40%)
- AED 104,000
- Monthly over 25 years at 3.7%
- AED 1,064
Plus AED 13,830 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →