601, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in April 2024, 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 601, Modelux Tower 1
What is 601 worth today?
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Source: Dubai Land Department. Updated 18 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 931 sqft
- Floor
- 6th of 6
- Parking
- B-601
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 12,400 /yr
- Last sold
- AED 500K · April 2024
- Building
- Modelux Tower 1
About 601, Modelux Tower 1
601 is a two-bedroom apartment of 931 sqft on the 6th 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 5 April 2024 for AED 500,000, or AED 537 per sqft.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 18 April 2025, is AED 70,000 a year: a gross yield of 14.0% on the 2024 price, before the service charge of about AED 12,400 a year.
2-beds in Modelux Tower 1, and where 601 sits
All 4 2-beds →| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Sep 202222 September 2022 | 830 sqft | 437,500 | 527 | ||
| 25 Aug 202225 August 2022 | 830 sqft | 425,000 | 512 | ||
| 10 Feb 202110 February 2021 | 830 sqft | 221,000 | 266 | ||
| 10 Dec 201710 December 2017 | 830 sqft | 779,000 | 939 |
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 6th floor
All 75 units in Modelux Tower 1601, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 5 April 2024 for AED 500,000, or AED 537 per sqft.
- Rented since February 2019 on 5 Ejari contracts. The rent fell from AED 53,000 to AED 32,000 in 2021 and recovered to AED 70,000 by April 2025.
- At AED 70,000 a year the gross yield on the 2024 price is 14.0%, before a service charge of about AED 12,400 a year (AED 13.28 per sqft).
Source: Dubai Land Department. Updated 18 April 2025.
Questions about 601, Modelux Tower 1
What did unit 601 last sell for?
AED 500,000 on 5 April 2024, sold by the developer: AED 537 per sqft for 931 sqft. It is the only registered sale of the unit.
What is the rent for unit 601?
AED 70,000 a year on the contract signed on 18 April 2025. The previous contract, from March 2024, was AED 70,000; the unit has been rented since February 2019.
How big is unit 601?
931 sqft (86.5 sqm): a two-bedroom apartment on the 6th floor of a 6-storey tower completed in 2017.
What is unit 601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 601, Modelux Tower 1
Starts from the last sale price (AED 500K, 5 April 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus AED 26,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →