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1-bed · 965 sqftScala Tower (Al Madar Tower), Business Bay · 16th floor · completed 2010

1609, Scala Tower (Al Madar Tower)

Sold prices and rental history: sold 3 times, last in March 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1609 · DLD and Ejari recordsUpdated 13 March 2014
Last soldAED 593K13 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1609, Scala Tower (Al Madar Tower)

What is 1609 worth today?

Last sold for AED 593,230 in 2014

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13 Mar 2014SoldReady
AED 593,230AED 614 per sqft
21 Mar 2013SoldReady
AED 1,220,750AED 1,265 per sqft
24 May 2009Sold by developerOff-plan
AED 1,220,750AED 1,265 per sqft

Source: Dubai Land Department. Updated 13 March 2014.

Key facts

Type
1-bed apartment
Size
965 sqft
Floor
16th of 21
Parking
P2-09
Developer
Al Madar Investment
Completed
2010
Service charge
AED 15,700 /yr
Last sold
AED 593K · March 2014
Building
Scala Tower (Al Madar Tower)

About 1609, Scala Tower (Al Madar Tower)

1609 is a one-bedroom apartment of 965 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 13 March 2014 for AED 593,230, or AED 614 per sqft, 47% below the AED 1,155 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1609 over time

Sales
Unit 1609, each saleTypical one-bed in Scala Tower (Al Madar Tower)
500K1M2009201420192024Typical sale price by year: 2009 AED 1,218,750; 2011 AED 947,193; 2012 AED 1,195,000; 2013 AED 940,500; 2014 AED 1,250,000; 2015 AED 1,150,000; 2016 AED 1,027,500; 2017 AED 1,150,000; 2021 AED 820,000; 2022 AED 700,000; 2023 AED 848,715; 2024 AED 925,000; 2025 AED 1,100,000; 2026 AED 1,180,000Sold by developer, May 2009: AED 1,220,750 (AED 1,265 per sqft)Sold, March 2013: AED 1,220,750 (AED 1,265 per sqft)Sold, March 2014: AED 593,230 (AED 614 per sqft)

1609 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1609, each contractTypical one-bed in Scala Tower (Al Madar Tower)
60K80K2013201720212025Typical rent by year: 2013 AED 53,350; 2014 AED 72,000; 2015 AED 80,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 64,000; 2020 AED 55,000; 2021 AED 48,000; 2022 AED 55,000; 2023 AED 61,950; 2024 AED 73,500; 2025 AED 80,000; 2026 AED 78,000

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 1609 sits

All 123 1-beds →

1609 last sold in March 2014 at AED 614 per sqft, 47% below what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,155). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Aug 20261,070,000
10 Aug 20261,210,000
5 Jun 20261,225,270
24 Apr 20261,150,000
10 1-bed sales in the last 12 months

Scala Tower (Al Madar Tower)

Building

177 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%
Scala Tower (Al Madar Tower), Business Bay: prices, sales and rents →

Other units on the 16th floor

All 177 units in Scala Tower (Al Madar Tower)
Value
16012-bedAED 1.2M · Jun 2019
16021-bedAED 1.35M · Aug 2014
16032-bedAED 855K · Aug 2015
16041-bedAED 1.15M · Aug 2015
16051-bedAED 1.03M · Sep 2023
16061-bedAED 960K · May 2014
16071-bedAED 480K · Apr 2014
1–7 of 8

1609, Scala Tower (Al Madar Tower) in numbers

  • Sold 3 times: first on 24 May 2009 for AED 1,220,750, last on 13 March 2014 for AED 593,230 (AED 614 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 13 March 2014.

Questions about 1609, Scala Tower (Al Madar Tower)

What did unit 1609 last sell for?

AED 593,230 on 13 March 2014: AED 614 per sqft for 965 sqft. The unit has 3 registered sales; the first was AED 1,220,750 in May 2009.

How big is unit 1609?

965 sqft (89.7 sqm): a one-bedroom apartment on the 16th floor of a 21-storey tower completed in 2010.

What is unit 1609 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 1609, Scala Tower (Al Madar Tower)

Starts from the last sale price (AED 593K, 13 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 593,230
Deposit, UAE resident (20%)
AED 118,646
Deposit, non-resident (40%)
AED 237,292
Monthly over 25 years at 3.7%
AED 2,427

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →