G05, Modelux Tower 1
Sold prices and rental history: sold once, by the developer in October 2017, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for G05, Modelux Tower 1
What is G05 worth today?
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Source: Dubai Land Department. Updated 1 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 625 sqft
- Floor
- Ground of 6
- Parking
- G-G05
- Developer
- Modelux Real Estate Development
- Completed
- 2017
- Service charge
- AED 8,300 /yr
- Last sold
- AED 495K · October 2017
- Building
- Modelux Tower 1
About G05, Modelux Tower 1
G05 is a studio of 625 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. The developer sold it on 30 October 2017 for AED 495,000, or AED 791 per sqft, 16% below the AED 940 studios in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 1 April 2025, is AED 46,000 a year: a gross yield of 9.3% on the 2017 price, before the service charge of about AED 8,300 a year.
Sales and rents for G05 over time
G05 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 G05 sits
All 60 studios →G05 last sold in October 2017 at AED 791 per sqft, 16% below what studios in Modelux Tower 1 were fetching at the time (AED 940). 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. G05's AED 46,000 is in the upper half 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 1G05, Modelux Tower 1 in numbers
- Sold once: by Modelux Real Estate Development on 30 October 2017 for AED 495,000, or AED 791 per sqft.
- Rented since November 2021 on 2 Ejari contracts, from AED 24,000 to AED 46,000 a year.
- At AED 46,000 a year the gross yield on the 2017 price is 9.3%, before a service charge of about AED 8,300 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 1 April 2025.
Questions about G05, Modelux Tower 1
What did unit G05 last sell for?
AED 495,000 on 30 October 2017, sold by the developer: AED 791 per sqft for 625 sqft. It is the only registered sale of the unit.
What is the rent for unit G05?
AED 46,000 a year on the contract signed on 1 April 2025. The previous contract, from November 2021, was AED 24,000.
How big is unit G05?
625 sqft (58.1 sqm): a studio on the ground floor of a 6-storey tower completed in 2017.
What is unit G05 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 G05, Modelux Tower 1
Starts from the last sale price (AED 495K, 30 October 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 495,000
- Deposit, UAE resident (20%)
- AED 99,000
- Deposit, non-resident (40%)
- AED 198,000
- Monthly over 25 years at 3.7%
- AED 2,025
Plus AED 23,700 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →