New homes in Avenew 888 - Modo start at AED 1,601,000; keys are due Mar 2028; you pay 10% to book, 50% while it is built and 40% at the keys.
Keys
Mar 2028
The developer's handover date
Payment plan
10 / 50 / 40
10% to book, 50% while it is built, 40% at the keys
Bedrooms
1 to 3 beds
Sizes
621 to 2,950 sq ft
Ownership
Freehold
Property types
Apartment
Registration fee
4% of the price
Paid to the Dubai Land Department
As of Nov 1, 2026. These details can change; confirm them with the developer before you book.
Dubai Land Department register
From price per sq ft
AED 2,578 per sq ft
At the smallest size listed
RERA project
3828
Check it in Dubai REST, the Dubai Land Department's official app.
Built
21%
Being built. DLD register, Nov 11, 2026
Completion on the register
Mar 2028
DLD shows only the current date. We have recorded it since Jun 12, 2026 and it hasn't moved.
Escrow account
بنك دبي الاسلامي (شركة مساهمة عامة)
The bank that holds your payments
Registered homes
224
In 1 buildings
Dubai Land Department project register, as of Nov 11, 2026.
Paying for it
You pay 10% when you book, 50% as the building goes up, and 40% when you get the keys.
AED
When
Stage
Share
Amount
Paid by then
NowBooking · 10%
Booking
10%
AED 160,100+ AED 64,040 DLD fee
AED 224,140
Feb 2027While it is built · 10%
While it is built
10%
AED 160,100
AED 384,240
Apr 2027While it is built · 10%
While it is built
10%
AED 160,100
AED 544,340
Jul 2027While it is built · 10%
While it is built
10%
AED 160,100
AED 704,440
Oct 2027While it is built · 10%
While it is built
10%
AED 160,100
AED 864,540
Dec 2027While it is built · 10%
While it is built
10%
AED 160,100
AED 1,024,640
Mar 2028Keys · 40%
Keys
40%
AED 640,400
AED 1,665,040
Booking payment, 10%
AED 160,100
Dubai Land Department fee (Oqood), 4%
AED 64,040
Cash you need to bookThe developer pays the broker, so there is no buyer's fee.
AED 224,140
Total costPrice plus the DLD fee
AED 1,665,040
The dates are our estimate: we spread the construction share evenly between now and the keys. The developer's real dates follow the building work, so they can move.
Your payments go into the project's escrow account, which RERA watches, not straight to the developer.
A mortgage at the keys
Before you buy
Pay into the project's escrow account only.
This project's escrow account is at the bank named on the register above, watched by RERA. Pay into that account, never to a person.
Budget for the service charge.
Once the building is finished you pay a yearly service charge per sq ft, set from the building's budget and approved by RERA. "Rent and yield" below gives the figure for this project.
Register the sale with Oqood.
The Land Department records off-plan sales in its Oqood register. Until your sale is on it, the home isn't in your name.
Is the price fair?
Dubai Land Department recorded 48 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in AVENEW888 - MODO, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Fewer than 30 similar homes in AVENEW888 - MODO sold in 12 months, so we looked at 24 months.
Dubai Land Department recorded 48 off-plan sales of 1-bed apartments of 621 sq ft to 931 sq ft in AVENEW888 - MODO, from Nov 10, 2024 to Nov 9, 2026. Here is what they sold for, and where this project's from price sits.
Median price AED 1,247 per sq ft
AED 1,204 to AED 1,212 per sq ft
5 sales
AED 1,212 to AED 1,220 per sq ft
0 sales
AED 1,220 to AED 1,227 per sq ft
0 sales
AED 1,227 to AED 1,235 per sq ft
0 sales
AED 1,235 to AED 1,243 per sq ft
15 sales
AED 1,243 to AED 1,250 per sq ft
15 sales
AED 1,250 to AED 1,258 per sq ft
8 sales
AED 1,258 to AED 1,265 per sq ft
5 sales
AED 1,204 per sq ftAED 1,265 per sq ft
This project AED 2,578 per sq ft, above every sale
Half of the sales sold for AED 1,241 to AED 1,252 per sq ft
The median is the middle sale: half sold for less, half for more.
Show as tableShow as chart
Price per sq ft
Sales
AED 1,204 to AED 1,212 per sq ft
5
AED 1,212 to AED 1,220 per sq ft
0
AED 1,220 to AED 1,227 per sq ft
0
AED 1,227 to AED 1,235 per sq ft
0
AED 1,235 to AED 1,243 per sq ft
15
AED 1,243 to AED 1,250 per sq ft
15
AED 1,250 to AED 1,258 per sq ft
8
AED 1,258 to AED 1,265 per sq ft
5
The 3 closest sales
Picked from the 48 similar sales above, closest in size to this project's smallest home.
Sep 2025AED 788,000AED 1,242 per sq ftAVENEW888 - MODO, 635 sq ft
Sep 2025AED 792,000AED 1,248 per sq ftAVENEW888 - MODO, 635 sq ft
Sep 2025AED 792,000AED 1,248 per sq ftAVENEW888 - MODO, 635 sq ft
Off-plan sales only, of the same home type, bedrooms and size band.
What similar homes sold for
The median price of off-plan homes with the same number of bedrooms that sold in Dubai South in the 12 months to Sep 30, 2026. The smallest type is checked at the from price.
Type
Off-plan median
Sales
Against similar sales
1-bed apartmentFrom AED 1,601,000 here
Off-plan medianAED 1,186,000AED 1,599 per sq ft
Sales4,465
Check the from price
2-bed apartment
Off-plan medianAED 1,865,000AED 1,555 per sq ft
Sales2,463
3-bed apartment
Off-plan medianAED 2,500,000AED 1,553 per sq ft
Sales351
Sales from Oct 1, 2025 to Sep 30, 2026. A median needs at least 30 sales.
Rent and yield
Gross yield at the from priceRent ÷ price
3.7%
Net yield at the from price(Rent − service charge) ÷ (price + DLD fee)
3%
Typical gross yield of similar ready homes
8.2%
Median rent of 1-bed apartments in Dubai South
AED 58,500 a year
Service charge a year, from the keysThe area median, AED 14 per sq ft from 9 buildings, as of 2023, for the smallest home (621 sq ft)
AED 8,694
Rent contracts counted
1,380
Rented between
Apr 1, 2025 and Mar 31, 2026
1-bed apartment
AED 58,500 a year
2-bed apartment
AED 85,000 a year
3-bed apartment
AED 125,000 a year
Gross yield is a year's rent before costs, as a share of the price. At the from price: AED 58,500 ÷ AED 1,601,000 = 3.7%. The home earns nothing until the keys, and new buildings often rent for more than older ones.
Rents come from Ejari, Dubai's register of rent contracts: new residential contracts in the area, all buildings. A median is the middle one: half are lower, half higher.
On your doorstep
Expo 2020 Metro Station7.6 km, 26 min driveMetro station
Greenfield International School5.5 km, 11 min driveSchool
South View School7.3 km, 18 min driveBritish school
Avenew 888 - Modo is an Avenew Development project of five apartment buildings in Dubai South, with 1- to 3-bedroom homes from AED 1,601,000 and handover listed for March 2028.
The plan is 10% on booking, 50% during construction and 40% at handover. At the from price that is about AED 160,100 on booking, about AED 800,500 during the build and about AED 640,400 at handover, which is listed for March 2028. Separately, the 4% DLD fee comes to about AED 64,000.
The project has five buildings. One-bedroom homes are about 621 sq ft, two-bedroom homes about 1,261 sq ft and three-bedroom homes about 1,685 sq ft, and the listed range goes up to 2,950 sq ft. Ask for the floor plan of the unit you are offered. Facilities include multiple swimming pools, a children's pool, jogging tracks, sport courts, a fully equipped gym, a pet-friendly park, co-working hubs, a library, BBQ areas and covered parking, with 24-hour security.
By our map, Alnoor South Polyclinic is about 590 m away. Greenfield International School is about 5.5 km away, around 11 minutes by car, and South View School about 7.3 km, around 18 minutes, by our estimate. Expo 2020 Metro Station is about 26 minutes away, Marina Walk about 35 minutes and Jumeirah Lakes Towers about 36 minutes.
