Project · Transactions · 2023

Modelux Tower 1 Property Transactions 2023

13 property sales worth ⃃ 4.75M were registered in Modelux Tower 1 in 2023, 85.7% higher than 2022 by number of sales. The median sale price was ⃃ 400,000 and the median price per square foot ⃃ 684 (+29.7% on 2022).

Period: 1 Jan – 31 Dec 2023Compared with: 2022Sample: 13 salesUpdated: 13 Nov 2026
Property sales
13
+85.7% vs 2022
1 Jan – 31 Dec 2023
Total value
⃃ 4.75M
+112.8% vs 2022
1 Jan – 31 Dec 2023
Median sale price
⃃ 400,000
+40.4% vs 2022
13 sales
Median price per sq ft
⃃ 684
+29.7% vs 2022
13 sales

What types of property sold in Modelux Tower 1 in 2023?

1 Jan – 31 Dec 2023

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments13100%⃃ 4.75M⃃ 400,000⃃ 684

How were 2023 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)753.8%⃃ 2.42M⃃ 300,000⃃ 566
Resale (secondary)646.2%⃃ 2.33M⃃ 400,000⃃ 760
Ready13100%⃃ 4.75M⃃ 400,000⃃ 684

How many rental contracts were registered in Modelux Tower 1 in 2023?

26 rental contracts (new and renewed) were registered in Modelux Tower 1 in 2023, at a median annual rent of ⃃ 28,000 (+9.8% on 2022). Rental yields in Modelux Tower 1

What were the most expensive property sales in Modelux Tower 1 in 2023?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
16/03/2023Modelux Tower 12 beds · Apartment946 sq ft⃃ 500,000Primary · Ready
13/09/2023Modelux Tower 1Studio · Apartment511 sq ft⃃ 400,000Primary · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
18/12/2023Modelux Tower 1Studio · Apartment512 sq ft⃃ 350,000Primary · Ready
14/08/2023Modelux Tower 1Studio · Apartment522 sq ft⃃ 335,000Resale · Ready
08/03/2023Modelux Tower 1Studio · Apartment529 sq ft⃃ 300,000Primary · Ready

What were the last registered sales of 2023?

DatePropertyTypeSizePriceMarket
18/12/2023Modelux Tower 1Studio · Apartment512 sq ft⃃ 350,000Primary · Ready
13/09/2023Modelux Tower 1Studio · Apartment511 sq ft⃃ 400,000Primary · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
24/08/2023Modelux Tower 1Studio · Apartment526 sq ft⃃ 400,000Resale · Ready
14/08/2023Modelux Tower 1Studio · Apartment522 sq ft⃃ 335,000Resale · Ready
16/03/2023Modelux Tower 12 beds · Apartment946 sq ft⃃ 500,000Primary · Ready
08/03/2023Modelux Tower 1Studio · Apartment529 sq ft⃃ 300,000Primary · 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 2023 with the whole of 2022.
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-1/2023
Modelux Tower 1 Property Transactions 2023. DXBinteract, data to 12 Nov 2026. https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2023

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 2023?
13 property sales worth ⃃ 4,750,000 were registered in Modelux Tower 1 in 2023. That is 85.7% higher than 2022.
What was the median property price in Modelux Tower 1 in 2023?
The median sale price was ⃃ 400,000 and the median price per square foot ⃃ 684 (1 Jan – 31 Dec 2023).
What share of 2023 sales in Modelux Tower 1 were off-plan or from developers?
Developer (primary) sales were 53.8% of the 13 sales and resales 46.2%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 12 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2023