1602, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 3 times, last in August 2014, 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 1602, Scala Tower (Al Madar Tower)
What is 1602 worth today?
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Source: Dubai Land Department. Updated 5 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 910 sqft
- Floor
- 16th of 21
- Parking
- P2-02
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 14,800 /yr
- Last sold
- AED 1.35M · August 2014
- Building
- Scala Tower (Al Madar Tower)
About 1602, Scala Tower (Al Madar Tower)
1602 is a one-bedroom apartment of 910 sqft on the 16th 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 4 August 2014 for AED 1,350,000, or AED 1,483 per sqft, 15% above the AED 1,285 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 5 August 2024, is AED 66,000 a year: a gross yield of 4.9% on the 2014 price, before the service charge of about AED 14,800 a year.
Sales and rents for 1602 over time
1602 has sold 3 times; 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 1602 sits
All 123 1-beds →1602 last sold in August 2014 at AED 1,483 per sqft, 15% above what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,285). 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. 1602's AED 66,000 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 16th floor
All 177 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,266 sqft | AED 1.2MAED 1,200,000 · Jun 2019June 2019 | 95,000 /yr | |
| 1603 | 2-bed | 1,274 sqft | AED 855KAED 855,000 · Aug 2015August 2015 | 90,000 /yr | |
| 1604 | 1-bed | 978 sqft | AED 1.15MAED 1,150,000 · Aug 2015August 2015 | 80,000 /yr | |
| 1605 | 1-bed | 959 sqft | AED 1.03MAED 1,027,614 · Sep 2023September 2023 | 55,000 /yr | |
| 1606 | 1-bed | 747 sqft | AED 960KAED 960,000 · May 2014May 2014 | 80,000 /yr | |
| 1607 | 1-bed | 739 sqft | AED 480KAED 480,390 · Apr 2014April 2014 | ||
| 1608 | 1-bed | 988 sqft | AED 1.28MAED 1,283,880 · Mar 2014March 2014 | 84,000 /yr | |
| 1609 | 1-bed | 965 sqft | AED 593KAED 593,230 · Mar 2014March 2014 |
1602, Scala Tower (Al Madar Tower) in numbers
- Sold 3 times: first on 24 May 2009 for AED 1,206,500, last on 4 August 2014 for AED 1,350,000 (AED 1,483 per sqft).
- Rented since October 2014 on 9 Ejari contracts. The rent fell from AED 80,000 to AED 55,000 in 2021 and recovered to AED 66,000 by August 2024.
- At AED 66,000 a year the gross yield on the 2014 price is 4.9%, before a service charge of about AED 14,800 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 5 August 2024.
Questions about 1602, Scala Tower (Al Madar Tower)
What did unit 1602 last sell for?
AED 1,350,000 on 4 August 2014: AED 1,483 per sqft for 910 sqft. The unit has 3 registered sales; the first was AED 1,206,500 in May 2009.
What is the rent for unit 1602?
AED 66,000 a year on the contract signed on 5 August 2024. The previous contract, from August 2022, was AED 60,000; the unit has been rented since October 2014.
How big is unit 1602?
910 sqft (84.5 sqm): a one-bedroom apartment on the 16th floor of a 21-storey tower completed in 2010.
What is unit 1602 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 1602, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 1.35M, 4 August 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,350,000
- Deposit, UAE resident (20%)
- AED 270,000
- Deposit, non-resident (40%)
- AED 540,000
- Monthly over 25 years at 3.7%
- AED 5,523
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →