1603, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 3 times, last in August 2015, and rented once, from August 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Scala Tower (Al Madar Tower)
What is 1603 worth today?
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Source: Dubai Land Department. Updated 26 August 2015.
Key facts
- Type
- 2-bed apartment
- Size
- 1,274 sqft
- Floor
- 16th of 21
- Parking
- P2-03
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 20,800 /yr
- Last sold
- AED 855K · August 2015
- Building
- Scala Tower (Al Madar Tower)
About 1603, Scala Tower (Al Madar Tower)
1603 is a two-bedroom apartment of 1,274 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 26 August 2015 for AED 855,000, or AED 671 per sqft, 42% below the AED 1,165 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 14 August 2014. The current contract, signed on 14 August 2014, is AED 90,000 a year: a gross yield of 10.5% on the 2015 price, before the service charge of about AED 20,800 a year.
Sales and rents for 1603 over time
1603 has sold 3 times; 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 1603 sits
All 34 2-beds →1603 last sold in August 2015 at AED 671 per sqft, 42% below what two-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,165). 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. 1603's AED 90,000 is in the lower half 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 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 | |
| 1602 | 1-bed | 910 sqft | AED 1.35MAED 1,350,000 · Aug 2014August 2014 | 66,000 /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 |
1603, Scala Tower (Al Madar Tower) in numbers
- Sold 3 times: first on 24 May 2009 for AED 1,662,500, last on 26 August 2015 for AED 855,000 (AED 671 per sqft).
- Rented since August 2014 on one Ejari contract, at AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2015 price is 10.5%, before a service charge of about AED 20,800 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 26 August 2015.
Questions about 1603, Scala Tower (Al Madar Tower)
What did unit 1603 last sell for?
AED 855,000 on 26 August 2015: AED 671 per sqft for 1,274 sqft. The unit has 3 registered sales; the first was AED 1,662,500 in May 2009.
What is the rent for unit 1603?
AED 90,000 a year on the contract signed on 14 August 2014.
How big is unit 1603?
1,274 sqft (118.4 sqm): a two-bedroom apartment on the 16th floor of a 21-storey tower completed in 2010.
What is unit 1603 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.
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Mortgage on 1603, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 855K, 26 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 855,000
- Deposit, UAE resident (20%)
- AED 171,000
- Deposit, non-resident (40%)
- AED 342,000
- Monthly over 25 years at 3.7%
- AED 3,498
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →