MODELUX REAL ESTATE DEVELOPMENT L.L.C · Selling since 2017 · recent sales mostly resales
completed per DLD · 100% complete · buildings · 85 units · 1 building · DLD target completion September 2017
Registered developer: MODELUX REAL ESTATE DEVELOPMENT L.L.C (DLD no. 1116)
Master developer: INTERNATIONAL CITY ( L.L.C ) (DLD no. 122)
Escrow account with Dubai Islamic Bank · Zoned by Trakhees
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file. An escrow account being recorded is not an assurance about the project.
Median annual rent of AED 45,000 across 9,814 tenancies registered in the community over the last 12 months.
This is the community’s figure, not this project’s. The Land Department names a community on far more tenancies than it names a project, so this is shown where the project’s own registered tenancies are too few to publish. Buildings within one community differ widely, so treat it as the surrounding level rather than what this address achieves.
AED 892/sqft
+15.7%
43 months
Registered resales here span 43 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Modelux Tower 1 — not an asking price, and not this project’s overall median, which mixes every unit size together.
A year’s rent against what completed homes of that size actually sold for in Modelux Tower 1 over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Modelux Tower 1 itself; the rest are homes of the same size in International City Ph 2 & 3, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| Studio | AED 480K | AED 42,000/yrsame size in International City Ph 2 & 3 | 8.8% | 13 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a studio here reads 10.5% instead of 8.8%, because it prices the home at AED 400K — the median across every sale on record — rather than the AED 480K a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners-association budget for 2023 — AED 13/sqft, as filed with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 6,777 | AED 35,223 | 8.8% | 7.3% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Over the last twelve months a completed studio in Modelux Tower 1 sold for a median AED 480K (13 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
A studio rents for a median AED 42,000/yr (homes of about that size in International City Ph 2 & 3, 314 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Modelux Tower 1, so every figure above is the rent for homes of that size in International City Ph 2 & 3 — the area's rent, not this project's own.
Gross yields on completed homes in Modelux Tower 1 run about 8.8% on a studio, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
0% of the 16 sales registered in Modelux Tower 1 in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
The Land Department's register holds 114 sales in Modelux Tower 1, the earliest registered in 2017. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Price vs. International City Ph 2 & 3 median
-26.4%
Priced at or below the area's real median.
Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →When Modelux Tower 1 completed in September 2017, 1 other other project in International City Ph 2 & 3 were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 33 more other projects in International City Ph 2 & 3 are still in the pipeline overall.
Priced from each tower’s own registered sales, rather than the project median above.
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Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.