1506, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold twice, last in June 2024, 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 1506, Scala Tower (Al Madar Tower)
What is 1506 worth today?
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Source: Dubai Land Department. Updated 1 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 747 sqft
- Floor
- 15th of 21
- Parking
- P2-31
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 12,200 /yr
- Last sold
- AED 880K · June 2024
- Building
- Scala Tower (Al Madar Tower)
About 1506, Scala Tower (Al Madar Tower)
1506 is a one-bedroom apartment of 747 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. It last sold on 21 June 2024 for AED 880,000, or AED 1,178 per sqft, 17% above the AED 1,004 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 October 2026, is AED 65,000 a year: a gross yield of 7.4% on the 2024 price, before the service charge of about AED 12,200 a year.
Sales and rents for 1506 over time
1506 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Scala Tower (Al Madar Tower), and where 1506 sits
All 123 1-beds →1506 last sold in June 2024 at AED 1,178 per sqft, 17% above what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,004). Over the last 12 months one-beds sold for AED 1,030,000 to 1,705,000, around AED 1,345 per sqft, and rent for AED 55,000 to 150,000 a year. 1506's AED 65,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Aug 202610 August 2026 | 965 sqft | 1,070,000 | 1,108 | ||
| 10 Aug 202610 August 2026 | 959 sqft | 1,210,000 | 1,261 | ||
| 5 Jun 20265 June 2026 | 959 sqft | 1,225,270 | 1,277 | ||
| 24 Apr 202624 April 2026 | 959 sqft | 1,150,000 | 1,199 |
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 | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,266 sqft | AED 1.6MAED 1,600,000 · Oct 2023October 2023 | 85,000 /yr | |
| 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 | |
| 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 |
1506, Scala Tower (Al Madar Tower) in numbers
- Sold twice: first on 19 October 2023 for AED 661,095, last on 21 June 2024 for AED 880,000 (AED 1,178 per sqft).
- Rented since November 2014 on 8 Ejari contracts. The rent fell from AED 62,375 to AED 40,000 in 2021 and recovered to AED 65,000 by October 2026.
- At AED 65,000 a year the gross yield on the 2024 price is 7.4%, before a service charge of about AED 12,200 a year (AED 16.30 per sqft).
- One-beds in Scala Tower (Al Madar Tower) sold for AED 1,030,000–1,705,000 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 1 October 2026.
Questions about 1506, Scala Tower (Al Madar Tower)
What did unit 1506 last sell for?
AED 880,000 on 21 June 2024: AED 1,178 per sqft for 747 sqft. The unit has 2 registered sales; the first was AED 661,095 in October 2023.
What is the rent for unit 1506?
AED 65,000 a year on the contract signed on 1 October 2026. The previous contract, from August 2025, was AED 85,000; the unit has been rented since November 2014.
How big is unit 1506?
747 sqft (69.4 sqm): a one-bedroom apartment on the 15th floor of a 21-storey tower completed in 2010.
What is unit 1506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Scala Tower (Al Madar Tower) sold for AED 1,030,000 to 1,705,000 in the last 12 months, around AED 1,345 per sqft.
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Mortgage on 1506, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 880K, 21 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 880,000
- Deposit, UAE resident (20%)
- AED 176,000
- Deposit, non-resident (40%)
- AED 352,000
- Monthly over 25 years at 3.7%
- AED 3,600
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →