G03, Modelux Tower 1
Sold prices and rental history: no registered sale, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for G03, Modelux Tower 1
What is G03 worth today?
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Source: Dubai Land Department. Updated 1 December 2023.
Key facts
- Type
- Studio apartment
- Size
- 575 sqft
- Floor
- Ground of 6
- Parking
- G-G03
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 7,600 /yr
- Last sold
- No registered sale
- Building
- Modelux Tower 1
About G03, Modelux Tower 1
G03 is a studio of 575 sqft on the ground floor of Modelux Tower 1, a 6-storey tower in International City Phase 2 & 3 completed in 2017 by Modelux Real Estate Development. No sale of the unit is registered with the Dubai Land Department.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 1 December 2023, is AED 23,000 a year, before the service charge of about AED 7,600 a year.
Sales and rents for G03 over time
No registered sale of G03; 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 G03 sits
All 60 studios →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. G03's AED 23,000 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 ground floor
All 75 units in Modelux Tower 1G03, Modelux Tower 1 in numbers
- No sale of the unit is registered with the Dubai Land Department.
- Rented since August 2019 on 3 Ejari contracts, from AED 30,000 to AED 23,000 a year.
- 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 1 December 2023.
Questions about G03, Modelux Tower 1
What is the rent for unit G03?
AED 23,000 a year on the contract signed on 1 December 2023. The previous contract, from August 2021, was AED 24,000; the unit has been rented since August 2019.
How big is unit G03?
575 sqft (53.4 sqm): a studio on the ground floor of a 6-storey tower completed in 2017.
What is unit G03 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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