Project · Transactions · 2022

Modelux Tower 1 Property Transactions 2022

7 property sales worth ⃃ 2.23M were registered in Modelux Tower 1 in 2022, 58.8% lower than 2021 by number of sales. The median sale price was ⃃ 285,000 and the median price per square foot ⃃ 527 (+1.8% on 2021).

Period: 1 Jan – 31 Dec 2022Compared with: 2021Sample: 7 salesUpdated: 18 Oct 2026
Property sales
7
−58.8% vs 2021
1 Jan – 31 Dec 2022
Total value
⃃ 2.23M
−57.7% vs 2021
1 Jan – 31 Dec 2022
Median sale price
⃃ 285,000
+7.5% vs 2021
7 sales
Median price per sq ft
⃃ 527
+1.8% vs 2021
7 sales

What types of property sold in Modelux Tower 1 in 2022?

1 Jan – 31 Dec 2022

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments7100%⃃ 2.23M⃃ 285,000⃃ 527

How were 2022 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)685.7%⃃ 1.93M⃃ 277,500⃃ 522
Resale (secondary)114.3%⃃ 300K⃃ 300,000⃃ 587
Ready7100%⃃ 2.23M⃃ 285,000⃃ 527

How many rental contracts were registered in Modelux Tower 1 in 2022?

24 rental contracts (new and renewed) were registered in Modelux Tower 1 in 2022, at a median annual rent of ⃃ 25,500 (+10.9% on 2021). Rental yields in Modelux Tower 1

What were the most expensive property sales in Modelux Tower 1 in 2022?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
22/09/2022Modelux Tower 12 beds · Apartment830 sq ft⃃ 437,500Primary · Ready
25/08/2022Modelux Tower 12 beds · Apartment830 sq ft⃃ 425,000Primary · Ready
21/09/2022Modelux Tower 1Studio · Apartment511 sq ft⃃ 300,000Resale · Ready
15/11/2022Modelux Tower 1Studio · Apartment529 sq ft⃃ 285,000Primary · Ready
08/02/2022Modelux Tower 1Studio · Apartment497 sq ft⃃ 270,000Primary · Ready
21/02/2022Modelux Tower 1Studio · Apartment512 sq ft⃃ 265,000Primary · Ready
31/08/2022Modelux Tower 1Studio · Apartment523 sq ft⃃ 250,000Primary · Ready

What were the last registered sales of 2022?

DatePropertyTypeSizePriceMarket
15/11/2022Modelux Tower 1Studio · Apartment529 sq ft⃃ 285,000Primary · Ready
22/09/2022Modelux Tower 12 beds · Apartment830 sq ft⃃ 437,500Primary · Ready
21/09/2022Modelux Tower 1Studio · Apartment511 sq ft⃃ 300,000Resale · Ready
31/08/2022Modelux Tower 1Studio · Apartment523 sq ft⃃ 250,000Primary · Ready
25/08/2022Modelux Tower 12 beds · Apartment830 sq ft⃃ 425,000Primary · Ready
21/02/2022Modelux Tower 1Studio · Apartment512 sq ft⃃ 265,000Primary · Ready
08/02/2022Modelux Tower 1Studio · Apartment497 sq ft⃃ 270,000Primary · 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 2022 with the whole of 2021.
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-1/2022
Modelux Tower 1 Property Transactions 2022. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2022

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 2022?
7 property sales worth ⃃ 2,232,500 were registered in Modelux Tower 1 in 2022. That is 58.8% lower than 2021.
What was the median property price in Modelux Tower 1 in 2022?
The median sale price was ⃃ 285,000 and the median price per square foot ⃃ 527 (1 Jan – 31 Dec 2022).
What share of 2022 sales in Modelux Tower 1 were off-plan or from developers?
Developer (primary) sales were 85.7% of the 7 sales and resales 14.3%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/modelux-tower-1/2022