Project · Transactions · 2018

Modelux Tower 1 Property Transactions 2018

13 property sales worth ⃃ 5.68M were registered in Modelux Tower 1 in 2018, 23.5% lower than 2017 by number of sales. The median sale price was ⃃ 435,000 and the median price per square foot ⃃ 832 (−11.4% on 2017).

Period: 1 Jan – 31 Dec 2018Compared with: 2017Sample: 13 salesUpdated: 13 Nov 2026
Property sales
13
−23.5% vs 2017
1 Jan – 31 Dec 2018
Total value
⃃ 5.68M
−35.7% vs 2017
1 Jan – 31 Dec 2018
Median sale price
⃃ 435,000
−12.8% vs 2017
13 sales
Median price per sq ft
⃃ 832
−11.4% vs 2017
13 sales

What types of property sold in Modelux Tower 1 in 2018?

1 Jan – 31 Dec 2018

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments13100%⃃ 5.68M⃃ 435,000⃃ 832

How were 2018 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)13100%⃃ 5.68M⃃ 435,000⃃ 832
Ready13100%⃃ 5.68M⃃ 435,000⃃ 832

How many rental contracts were registered in Modelux Tower 1 in 2018?

9 rental contracts (new and renewed) were registered in Modelux Tower 1 in 2018, at a median annual rent of ⃃ 34,000. Rental yields in Modelux Tower 1

What were the most expensive property sales in Modelux Tower 1 in 2018?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
18/01/2018Modelux Tower 1Studio · Apartment522 sq ft⃃ 499,000Primary · Ready
26/02/2018Modelux Tower 1Studio · Apartment511 sq ft⃃ 499,000Primary · Ready
18/01/2018Modelux Tower 1Studio · Apartment511 sq ft⃃ 495,000Primary · Ready
12/07/2018Modelux Tower 1Studio · Apartment522 sq ft⃃ 460,000Primary · Ready
26/02/2018Modelux Tower 1Studio · Apartment521 sq ft⃃ 450,000Primary · Ready
08/03/2018Modelux Tower 1Studio · Apartment497 sq ft⃃ 450,000Primary · Ready
21/01/2018Modelux Tower 1Studio · Apartment523 sq ft⃃ 435,000Primary · Ready
24/06/2018Modelux Tower 1Studio · Apartment580 sq ft⃃ 410,000Primary · Ready
11/11/2018Modelux Tower 1Studio · Apartment515 sq ft⃃ 400,000Primary · Ready
18/01/2018Modelux Tower 1Studio · Apartment514 sq ft⃃ 400,000Primary · Ready

What were the last registered sales of 2018?

DatePropertyTypeSizePriceMarket
11/11/2018Modelux Tower 1Studio · Apartment515 sq ft⃃ 400,000Primary · Ready
12/07/2018Modelux Tower 1Studio · Apartment522 sq ft⃃ 460,000Primary · Ready
24/06/2018Modelux Tower 1Studio · Apartment580 sq ft⃃ 410,000Primary · Ready
31/05/2018Modelux Tower 1Studio · Apartment515 sq ft⃃ 395,000Primary · Ready
31/05/2018Modelux Tower 1Studio · Apartment512 sq ft⃃ 395,000Primary · Ready
31/05/2018Modelux Tower 1Studio · Apartment515 sq ft⃃ 395,000Primary · Ready
08/03/2018Modelux Tower 1Studio · Apartment497 sq ft⃃ 450,000Primary · Ready
26/02/2018Modelux Tower 1Studio · Apartment511 sq ft⃃ 499,000Primary · Ready
26/02/2018Modelux Tower 1Studio · Apartment521 sq ft⃃ 450,000Primary · Ready
21/01/2018Modelux Tower 1Studio · Apartment523 sq ft⃃ 435,000Primary · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2018 with the whole of 2017.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2018
Modelux Tower 1 Property Transactions 2018. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2018

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Modelux Tower 1 in 2018?
13 property sales worth ⃃ 5,683,000 were registered in Modelux Tower 1 in 2018. That is 23.5% lower than 2017.
What was the median property price in Modelux Tower 1 in 2018?
The median sale price was ⃃ 435,000 and the median price per square foot ⃃ 832 (1 Jan – 31 Dec 2018).

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2018