Modelux Tower 1

1. Does it pay a good rent?8.3% gross, 6.5% after the service charge (Dubai median 6.8%)8.3%Strength
2. Is it easy to let?100% of units signed a yearly lease in 12 months; the typical International City Phase 2 building manages 52%100%Strength

   Across 30 International City Phase 2 buildings with 40 or more units, the median signed annual leases on 52% of units in 12 months and the top tenth on 100% or more; Modelux Tower 1 is at 100%.

3. Are rents going up?New studio leases: AED 40,000 a year ago, AED 40,000 now0.0%Fair
4. Are prices going up?Studio: AED 814/sqft a year ago, 922 now+13.2%Strength
5. How fast do fees pay back?AED 31,380 in fees to buy a studio; net rent covers it in 1.0 years1.0 yrsFair
6. Can I sell easily?12 sales in 12 months, 14% of the tower (12 the year before)12Strength
7. Is a lot being built nearby?1,581 apartments are planned in International City Phase 2 from 2026 to 2028, equal to 16% of the 9,675 homes let there today. A further 520 are past their planned date. International City Phase 2 supply by year →16%Strength
8. Did earlier buyers gain?Up 77% for buyers 5 years ago; up 4% for launch buyers, before fees+77.1%Context

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

At studio, Modelux Tower 1 has registered sale prices 21% below the International City Phase 2 median price per square foot of 1,160 AED, across 43 eligible buildings. It ranks 36th of 43 by price per square foot and 10th of 17 by gross yield in International City Phase 2.

• Sales and rents to
  2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
  On record
• Sales evidence · Studio
  11 registered sales in 12 months
  On record
• Rental evidence · Studio
  42 new and 21 renewal contracts in 12 months · rent source: this building
  On record
• Service charge
  AED 17.01/sqft a year, 2026 owners-association budget; 6.5% yield after it. Confirm against the latest invoice.
  On record
• Project register
  Modelux Tower 1: recorded complete 2017-09-04 · register data to 2026-07-06
  On record
• Developer
  Modelux · delivery record
  On record
• Building record
  DLD building record · data to 2026-10-13
  On record
• Costs not included
  4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
  Not in the yield

What is the rental yield in Modelux Tower 1?

Modelux Tower 1 returns 8.3% gross: a median new-contract rent of AED 40,000 a year (42 Ejari contracts in 12 months) over a price benchmark of AED 480,000 (median of 11 sales in the last 12 months, latest Jul 2026), before service charge, agency fees or vacant months.

How much does a studio in Modelux Tower 1 cost?

The median registered sale price is AED 480,000 (922 AED/sqft), from 11 Dubai Land Department sales in the last 12 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 12 months have a median of 922 AED/sqft, across 11 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.

Have prices in Modelux Tower 1 risen or fallen?

Median price per square foot moved +13.2% over the last 12 months against the 12 before it, on 11 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.

What is the registered annual rent for a studio in Modelux Tower 1?

The median new annual rent is AED 40,000, from 42 Ejari contracts in the trailing 12 months to 2026-10-12. The evidence is recorded for this building. Compare the same bedroom type; floor, view and condition can change an individual rent.