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Modelux Tower 1 in International City Phase 3 - Dubai residental property project

Cap rates, sales prices, rents and deal volumes



Sales prices for completed properties in Modelux Tower 1

RoomsSize, sqmSale price, AED/sqmSale price, AED
Studio4910,029490,000

Rents in Modelux Tower 1

RoomsSize, sqmRent, AED/sqm/ yearRent, AED
Studio4989844,000

The cap rate (rental yield) of investments into Modelux Tower 1 project is 9.0% on average.

The price of an apartment in Modelux Tower 1 is 10,029 AED/sqm on average.

The long term rent of an apartment in Modelux Tower 1 is 898 AED/sqm/year on average.

Price for completed Studio apartment in Modelux Tower 1 is 490,000 AED or 10,029 AED/sqm.

Rent for Studio apartment in Modelux Tower 1 is 44,000 AED or 898 AED/sqm.

About Modelux Tower 1

'Modelux Tower 1' in 'International City Phase 3' area project description

Modelux Tower 1 is a luxurious residential development located in the heart of Dubai. The project is a part of the larger Modelux development, which includes a shopping mall, a hotel, and other residential buildings. The tower is located in the Business Bay area of Dubai, close to the iconic Burj Khalifa and Dubai Mall.

The tower is a luxurious residential building that features a modern design and a range of amenities. The tower is composed of two towers, each with its own distinct style. The first tower is a contemporary design, featuring a modern façade and a sleek interior. The second tower is a more traditional design, with a more ornate façade and a more traditional interior.

The tower features a range of amenities for its residents, including a swimming pool, a gym, a spa, a sauna, and a restaurant. The tower also features a range of luxury apartments, ranging from one to four bedrooms. The apartments are designed with modern interiors and feature high-end finishes.

The tower is also equipped with a range of security features, including 24-hour security, CCTV cameras, and access control systems. The tower also features a range of leisure facilities, including a cinema, a bowling alley, and a games room.

Modelux Tower 1 is a luxurious residential development that offers its residents a range of amenities and features. The tower is located in the heart of Dubai, close to the iconic Burj Khalifa and Dubai Mall. The tower features a modern design and a range of amenities, including a swimming pool, a gym, a spa, a sauna, and a restaurant. The tower also features a range of luxury apartments, ranging from one to four bedrooms. The tower is also equipped with a range of security features, including 24-hour security, CCTV cameras, and access control systems.

Q&A on Modelux Tower 1

What are the advantages of 'Modelux Tower 1' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Modelux Tower 1 is located in the heart of Dubai, near the iconic Burj Khalifa and Dubai Mall. This prime location provides easy access to all the major attractions and amenities of the city.

2. Luxurious Amenities: Modelux Tower 1 offers luxurious amenities such as a fully-equipped gym, swimming pool, sauna, Jacuzzi, and a private spa.

3. High-end Finishes: The project features high-end finishes such as marble flooring, granite countertops, and designer fixtures.

4. Affordable Prices: Modelux Tower 1 offers competitive prices for its luxurious apartments, making it an attractive option for real estate buyers.

5. Security: Modelux Tower 1 is equipped with the latest security systems and 24-hour security personnel to ensure the safety of its residents.




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