PropertyIndex

Modelux Tower 1

Completed · Q3 2017|85 units · 1 building

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Modelux Tower 1 is a completed apartment development by MODELUX REAL ESTATE DEVELOPMENT L.L.C in International City Phase 3, Warsan Fourth, comprising 85 registered units. 114 sales are registered with the Dubai Land Department, at a current PIX© price of AED 885 per sqft. At AED 885 per sqft, Modelux Tower 1 prices 17% below the International City Phase 3 average of AED 1,069 per sqft on registered sales.

PIX© price · 7.4% YoY
503KAED
Typical
885AED
PSF
Gross yield
8.2%
PIX© rent ÷ PIX© price
Sale records
114
DLD · all time
Rent contracts
244
Ejari · all time
Modelux Tower 1

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
449 – 1,086 sqft
85503K8857.4%41K8.2%
Studio · Apartment
449 – 625 sqft
75
1 Bed · Apartment
863 – 1,086 sqft
3
2 Bed · Apartment
830 – 946 sqft
7
Sales — Project-Wide114 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DatePositionSizePricePSFvs Prior SaleTierType
16 Jul 2026Floor 4526453,000861+13.3%Entry LevelStandard Sale
15 Jul 2026Floor 5526485,000922+21.2%StandardStandard Sale
10 Jun 2026Floor 5521450,000863+20.0%StandardStandard Sale
Rentals — Project-Wide244 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Latest contracts
Start DateUnitPositionSizeRent / YrRent PSFvs Prior RentTierType
10 Aug 20262 BedFloor 694672,00076+13.4%Standardnew
8 Aug 2026StudioFloor 151540,00078+25.3%Entry Levelnew
27 Jul 2026StudioFloor 144930,00067+30.4%Entry Levelnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in International City Phase 3

The closest-priced registered projects in International City Phase 3.

Common questions about Modelux Tower 1

Answered from Dubai Land Department registered transactions.

How much does a property in Modelux Tower 1 cost?

Property in Modelux Tower 1 sells at a current PIX© price of AED 885 per sqft, or about AED 503,096 for a typical unit, based on 114 sales registered with the Dubai Land Department.

Is Modelux Tower 1 completed?

Yes. Modelux Tower 1 is recorded as completed in the Dubai Land Department project register (completed q3 2017).

Who is the developer of Modelux Tower 1?

Modelux Tower 1 is developed by MODELUX REAL ESTATE DEVELOPMENT L.L.C, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Modelux Tower 1?

Modelux Tower 1 yields 8.2% gross, calculated from current PIX© rent against current PIX© sale price, across 244 registered Ejari contracts.

How many units are in Modelux Tower 1?

Modelux Tower 1 holds 85 registered units, per the Dubai Land Department unit register.

Have prices in Modelux Tower 1 gone up or down?

Price per sqft has risen +7.4% over the last 12 months, to AED 885, across 114 registered sales.