Project · Transactions · 2020

Modelux Tower 1 Property Transactions 2020

3 property sales worth ⃃ 1.15M were registered in Modelux Tower 1 in 2020, 66.7% lower than 2019 by number of sales. The median sale price was ⃃ 410,000 and the median price per square foot ⃃ 775 (+11.6% on 2019).

Period: 1 Jan – 31 Dec 2020Compared with: 2019Sample: 3 salesUpdated: 13 Nov 2026
Property sales
3
−66.7% vs 2019
1 Jan – 31 Dec 2020
Total value
⃃ 1.15M
−63.6% vs 2019
1 Jan – 31 Dec 2020
Median sale price
⃃ 410,000
+15.5% vs 2019
3 sales
Median price per sq ft
⃃ 775
+11.6% vs 2019
3 sales

What types of property sold in Modelux Tower 1 in 2020?

1 Jan – 31 Dec 2020

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments3100%⃃ 1.15M⃃ 410,000⃃ 775

How were 2020 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)266.7%⃃ 870K⃃ 435,000⃃ 828
Resale (secondary)133.3%⃃ 275K⃃ 275,000⃃ 526
Ready3100%⃃ 1.15M⃃ 410,000⃃ 775

How many rental contracts were registered in Modelux Tower 1 in 2020?

26 rental contracts (new and renewed) were registered in Modelux Tower 1 in 2020, at a median annual rent of ⃃ 27,000 (−15.6% on 2019). Rental yields in Modelux Tower 1

What were the most expensive property sales in Modelux Tower 1 in 2020?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
03/02/2020Modelux Tower 1Studio · Apartment522 sq ft⃃ 460,000Primary · Ready
27/02/2020Modelux Tower 1Studio · Apartment529 sq ft⃃ 410,000Primary · Ready
11/02/2020Modelux Tower 1Studio · Apartment523 sq ft⃃ 275,000Resale · Ready

What were the last registered sales of 2020?

DatePropertyTypeSizePriceMarket
27/02/2020Modelux Tower 1Studio · Apartment529 sq ft⃃ 410,000Primary · Ready
11/02/2020Modelux Tower 1Studio · Apartment523 sq ft⃃ 275,000Resale · Ready
03/02/2020Modelux Tower 1Studio · Apartment522 sq ft⃃ 460,000Primary · 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 2020 with the whole of 2019.
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-1/2020
Modelux Tower 1 Property Transactions 2020. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2020

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 2020?
3 property sales worth ⃃ 1,145,000 were registered in Modelux Tower 1 in 2020. That is 66.7% lower than 2019.
What was the median property price in Modelux Tower 1 in 2020?
The median sale price was ⃃ 410,000 and the median price per square foot ⃃ 775 (1 Jan – 31 Dec 2020).
What share of 2020 sales in Modelux Tower 1 were off-plan or from developers?
Developer (primary) sales were 66.7% of the 3 sales and resales 33.3%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2020