What is the rental yield in Modelux Tower 1?

Modelux Tower 1 returns 9.05% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 39 rental contracts registered in the last 24 months.

How much does a studio in Modelux Tower 1 cost?

The median registered sale price is AED 460,000 (862 AED/sqft), from 24 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Modelux Tower 1 selling for right now?

Registered sales of ready units in Modelux Tower 1 over the last 6 months have a median of 863 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Modelux Tower 1 risen or fallen?

Median price per square foot moved +15.2% over the last 12 months against the 12 before it, on 24 registered sales. On a sample this size, read the direction rather than the exact figure.

How does Modelux Tower 1 compare with International City Phase 3?

Its 9.05% gross yield sits +0.4 pts against the International City Phase 3 median of 8.66%, computed at the same bedroom grain over the same 24-month window.

Modelux Tower 1 — rental prices & yield | International City Phase 3, Dubai

Buy: 460,000AED; AED 863/sqft
Long-let: 41,000AED; AED 78/sqft · 9.05%

Price per sqft: Median of 5 registered sales of ready units in the last 6 months, most recent July 2026.

Priced off 3 sales in the last 3 months.

Yield spread: +0.4 pts; vs the International City Phase 3 median for this unit type
Turnover upside: +24.2%; new tenants pay more than sitting ones — 15 renewals
AED/yr/sqft: AED 78
Sales: 24
Rental contracts: 39
Renewal rent: AED 33,000/yr

12 months: +6.3%
3 years: +57.4%+16.3%/yr

Based on 24 sales and 39 rental contracts in the last 24 months.

Modelux Tower 1 is an apartment building in International City Phase 3, Dubai. The closest metro station is Rashidiya Metro Station and the nearest mall City Centre Mirdif. Land Department records for it run from 2017 to 2026, 228 registered sales in all — the 24 in the last 24 months are what every median above is computed from.

Rent history

Median annual rent per sqft registered in Modelux Tower 1, by year.

Monthly median AED per sqft per year, smoothed over three months. The band along the bottom is the number of records each month.

Rents by bedroom type

Type	Median rent	AED/yr/sqft	Yield	Contracts
Studio	AED 41,000	78	9.05% +0.4 pts	39
2 bed	AED 70,000	75	—	4

Deltas compare each yield with the International City Phase 3 median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

15 resales in the last 12 months, against 14 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
16 Jul 2026	Studio	526	AED 453,000	861
15 Jul 2026	Studio	526	AED 485,000	922
10 Jun 2026	Studio	521	AED 450,000	863

3 resales in the last 3 months.

Rental contracts

Start	Type	Sqft	Annual rent	AED/sqft	Contract
1 Sept 2026	Studio	580	AED 40,000	69	New
23 Aug 2026	Studio	523	AED 41,000	78	New
17 Aug 2026	Studio	522	AED 28,000	54	Renewal
10 Aug 2026	2 bed	946	AED 72,000	76	New
8 Aug 2026	Studio	515	AED 40,000	78	New
27 Jul 2026	Studio	449	AED 30,000	67	New
10 Jul 2026	Studio	529	AED 42,000	79	New
4 Jul 2026	Studio	526	AED 41,000	78	New
22 Jun 2026	Studio	526	AED 42,000	80	Renewal
15 Jun 2026	Studio	505	AED 40,000	79	New
14 Jun 2026	Studio	512	AED 43,000	84	New

11 contracts starting on or after 26 May 2026.

Start dates after 26 Aug 2026 are contracts already filed for a later move-in. They count towards the rent medians above for the same reason they appear here.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 7
Flats: 85
Lifts: 2
Parking bays: 89
Swimming pools: 1
Flats per lift: 42.5
Parking per flat: 1.05
Pools per 100 flats: 1.18

Nearby

Metro: Rashidiya Metro Station
Mall: City Centre Mirdif

Compare with nearby buildings

The most-traded buildings in International City Phase 3, on the same figures over the same window.

Highest rental yields in International City Phase 3 · Modelux Tower 1 places 1st of 15

Common questions

What is the rental yield in Modelux Tower 1?: Modelux Tower 1 returns 9.05% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 39 rental contracts registered in the last 24 months.
How much does a studio in Modelux Tower 1 cost?: The median registered sale price is AED 460,000 (862 AED/sqft), from 24 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Modelux Tower 1 selling for right now?: Registered sales of ready units in Modelux Tower 1 over the last 6 months have a median of 863 AED/sqft, across 5 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Modelux Tower 1 risen or fallen?: Median price per square foot moved +15.2% over the last 12 months against the 12 before it, on 24 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Modelux Tower 1 compare with International City Phase 3?: Its 9.05% gross yield sits +0.4 pts against the International City Phase 3 median of 8.66%, computed at the same bedroom grain over the same 24-month window.

Modelux Tower 1