1501, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold once, by the developer in October 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Scala Tower (Al Madar Tower)
What is 1501 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 30 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,266 sqft
- Floor
- 15th of 21
- Parking
- P2-26
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 20,600 /yr
- Last sold
- AED 1.6M · October 2023
- Building
- Scala Tower (Al Madar Tower)
About 1501, Scala Tower (Al Madar Tower)
1501 is a two-bedroom apartment of 1,266 sqft on the 15th floor of Scala Tower (Al Madar Tower), a 21-storey tower in Business Bay completed in 2010 by Al Madar Investment. The developer sold it on 30 October 2023 for AED 1,600,000, or AED 1,263 per sqft, 11% above the AED 1,138 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 5 September 2022, is AED 85,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 20,600 a year.
Sales and rents for 1501 over time
1501 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Scala Tower (Al Madar Tower), and where 1501 sits
All 34 2-beds →1501 last sold in October 2023 at AED 1,263 per sqft, 11% above what two-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,138). Over the last 12 months two-beds sold for AED 1,610,550 to 2,050,000, around AED 1,441 per sqft, and rent for AED 87,000 to 145,200 a year. 1501's AED 85,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Apr 202620 April 2026 | 1,266 sqft | 1,610,550 | 1,272 | ||
| 6 Feb 20266 February 2026 | 1,274 sqft | 2,050,000 | 1,609 | ||
| 19 Aug 202519 August 2025 | 1,254 sqft | 2,050,000 | 1,634 | ||
| 5 Aug 20255 August 2025 | 2,113 sqft | 2,156,000 | 1,020 |
Scala Tower (Al Madar Tower)
Building177 apartments, studios to 2-bed over 21 floors in Business Bay, completed in 2010 by Al Madar Investment. 16 sold in the last 12 months.
- Typical price per sqft
- AED 1,345 Up 5.4%
- Typical sale
- AED 1.18M
- Typical rent
- AED 80K /yr
- Typical yield
- 6.8%
Other units on the 15th floor
All 177 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 1-bed | 917 sqft | AED 813KAED 813,173 · Oct 2022October 2022 | 88,000 /yr | |
| 1504 | 1-bed | 978 sqft | AED 1.33MAED 1,330,000 · Jun 2025June 2025 | 60,000 /yr | |
| 1505 | 1-bed | 959 sqft | AED 1.1MAED 1,100,000 · Sep 2025September 2025 | 103,000 /yr | |
| 1506 | 1-bed | 747 sqft | AED 880KAED 880,000 · Jun 2024June 2024 | 65,000 /yr | |
| 1507 | 1-bed | 739 sqft | AED 895KAED 895,000 · Jun 2024June 2024 | 82,500 /yr | |
| 1508 | 1-bed | 988 sqft | AED 1.1MAED 1,100,000 · Jun 2024June 2024 | 65,000 /yr | |
| 1509 | 1-bed | 965 sqft | AED 1.39MAED 1,390,000 · Jan 2025January 2025 | 65,000 /yr |
1501, Scala Tower (Al Madar Tower) in numbers
- Sold once: by Al Madar Investment on 30 October 2023 for AED 1,600,000, or AED 1,263 per sqft.
- Rented since July 2014 on 5 Ejari contracts, from AED 80,850 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 20,600 a year (AED 16.30 per sqft).
- Two-beds in Scala Tower (Al Madar Tower) sold for AED 1,610,550–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,345 per sqft.
Source: Dubai Land Department. Updated 30 October 2023.
Questions about 1501, Scala Tower (Al Madar Tower)
What did unit 1501 last sell for?
AED 1,600,000 on 30 October 2023, sold by the developer: AED 1,263 per sqft for 1,266 sqft. It is the only registered sale of the unit.
What is the rent for unit 1501?
AED 85,000 a year on the contract signed on 5 September 2022. The previous contract, from February 2020, was AED 80,000; the unit has been rented since July 2014.
How big is unit 1501?
1,266 sqft (117.6 sqm): a two-bedroom apartment on the 15th floor of a 21-storey tower completed in 2010.
What is unit 1501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Scala Tower (Al Madar Tower) sold for AED 1,610,550 to 2,050,000 in the last 12 months, around AED 1,441 per sqft.
Selling 1501? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1501, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 1.6M, 30 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →