511, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in February 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 511, Modelux Tower 1
What is 511 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 22 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 512 sqft
- Floor
- 5th of 6
- Parking
- G-511
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 6,800 /yr
- Last sold
- AED 325K · February 2024
- Building
- Modelux Tower 1
About 511, Modelux Tower 1
511 is a studio of 512 sqft on the 5th 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 7 February 2024 for AED 325,000, or AED 635 per sqft, 12% below the AED 722 studios in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 22 October 2024, is AED 31,000 a year: a gross yield of 9.5% on the 2024 price, before the service charge of about AED 6,800 a year.
Sales and rents for 511 over time
511 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 511 sits
All 60 studios →511 last sold in February 2024 at AED 635 per sqft, 12% below what studios in Modelux Tower 1 were fetching at the time (AED 722). 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. 511's AED 31,000 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
- 8.9%
Other units on the 5th floor
All 75 units in Modelux Tower 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 529 sqft | AED 300KAED 300,000 · Mar 2023March 2023 | ||
| 502 | Studio | 514 sqft | AED 290KAED 290,000 · Aug 2019August 2019 | ||
| 503 | Studio | 526 sqft | AED 400KAED 400,000 · Aug 2023August 2023 | 22,000 /yr | |
| 504 | Studio | 522 sqft | AED 255KAED 255,000 · May 2021May 2021 | 40,000 /yr | |
| 505 | Studio | 521 sqft | AED 375KAED 375,000 · Dec 2024December 2024 | 30,829 /yr | |
| 506 | Studio | 522 sqft | AED 460KAED 460,000 · May 2025May 2025 | 46,000 /yr | |
| 507 | Studio | 515 sqft | AED 365KAED 365,000 · Feb 2024February 2024 | 40,000 /yr | |
| 509 | Studio | 497 sqft | AED 365KAED 365,000 · Feb 2024February 2024 | 42,000 /yr | |
| 510 | Studio | 511 sqft | AED 405KAED 405,000 · Oct 2024October 2024 | 40,000 /yr | |
| 513 | Studio | 512 sqft | AED 400KAED 400,000 · Jun 2024June 2024 | 28,000 /yr | |
| 514 | Studio | 505 sqft | AED 475KAED 475,000 · Oct 2017October 2017 | ||
| 515 | 2-bed | 830 sqft | AED 438KAED 437,500 · Sep 2022September 2022 | 34,000 /yr |
511, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 7 February 2024 for AED 325,000, or AED 635 per sqft.
- Rented since October 2022 on 2 Ejari contracts, from AED 24,000 to AED 31,000 a year.
- At AED 31,000 a year the gross yield on the 2024 price is 9.5%, 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: Dubai Land Department. Updated 22 October 2024.
Questions about 511, Modelux Tower 1
What did unit 511 last sell for?
AED 325,000 on 7 February 2024, sold by the developer: AED 635 per sqft for 512 sqft. It is the only registered sale of the unit.
What is the rent for unit 511?
AED 31,000 a year on the contract signed on 22 October 2024. The previous contract, from October 2022, was AED 24,000.
How big is unit 511?
512 sqft (47.6 sqm): a studio on the 5th floor of a 6-storey tower completed in 2017.
What is unit 511 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.
Selling 511? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 511, Modelux Tower 1
Starts from the last sale price (AED 325K, 7 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 325,000
- Deposit, UAE resident (20%)
- AED 65,000
- Deposit, non-resident (40%)
- AED 130,000
- Monthly over 25 years at 3.7%
- AED 1,330
Plus AED 16,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →