Modelux Tower 1
About the project Modelux Tower 1
(sq. ft.)
Modelux Tower 1 is a seven-storey residential complex located in the International City, Dubai (Phase 2). The project was developed by Modelux Real Estate Development LLC.
Properties include spacious studios that are available to buy and rent. Units have large bathrooms, dining areas, equipped open-plan kitchens, and large panoramic windows that provide ample natural light.
The complex offers a variety of amenities and services, including:
- Parking
- Two high-speed lifts
- 24-hour security services
- Maintenance services
- Modern gym
- Rooftop swimming pool
- Sauna
- Comfortable lobby with armchairs
- 24-hour concierge services
Studios cover an area of 525 sq. ft. and have a starting price of AED 210,000 (USD 57,000).
*The price is valid for 2021
Property Information
- Location International City, Dubai, UAE
- Status of Project Ready
- Type of Project Residential Tower
- Area from 525 sq. ft.
Location
Modelux Tower 1 is located off Sheikh Zayed Road, which provides easy access to other parts of the emirate. Public transportation is limited in the area, so residents prefer to travel by personal vehicle and cab. Dubai International Airport can be reached within a 15- to 20-minute drive.
The complex is situated within a 10-minute drive of many popular destinations, including:
- Dragon Mart, a well-known shopping centre that sells Chinese goods and provides entertainment for the whole family
- Al Warsan Lake, a recreation area near a lake with landscaped parks, walking paths, and jogging trails
Residents have easy access to several facilities, including:
- Restaurants – Peshawar Zalmi, Hazara Darbar, Penuel, Shahi Paratha, and Royal Hyderabad
- Supermarkets – Carrefour, Lulu Express, Spinneys, and Growth Mart
- Educational Institutions – Kings’ School Nad Al Sheba, International School of Creative Science, and Emirates British Nursery
- Medical Centre – Apple International Polyclinic
- Leisure areas – Safari Park and Silicon Towers Park
Payback
International City is one of Dubai’s popular residential areas, and it is conveniently located in the city. Properties in the area are affordable compared to other well-developed areas in the emirate.
Studios at Modelux Tower 1 have a return on investment rate of 7%. Annual rental rates start at AED 30,000 (USD 8,000). The estimated payback period on investments ranges from 14 to 17 years.
*The price is valid for 2021
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Metropolitan Premium Properties
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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