2-bed · 1,266 sqftScala Tower (Al Madar Tower), Business Bay · 19th floor · completed 2010

1901, Scala Tower (Al Madar Tower)

Sold prices and rental history: sold once, by the developer in July 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1901 · DLD and Ejari recordsUpdated 16 July 2023
Last soldAED 760K28 July 2013
Current rentAED 83K /yr16 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1901, Scala Tower (Al Madar Tower)

What is 1901 worth today?

Last sold for AED 759,600 in 2013

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16 Jul 2023RentedNew contract
AED 83,000/yr12 months · AED 66 per sqft
5 Jul 2022RentedRenewal
AED 74,000/yr12 months · AED 58 per sqft
5 Jul 2021RentedNew contract
AED 70,000/yr12 months · AED 55 per sqft
31 Oct 2019RentedNew contract
AED 80,000/yr12 months · AED 63 per sqft
31 Jan 2016RentedNew contract
AED 120,000/yr12 months · AED 94 per sqft
28 Jul 2013Sold by developerReady
AED 759,600AED 599 per sqft

Source: Dubai Land Department. Updated 16 July 2023.

Key facts

Type
2-bed apartment
Size
1,266 sqft
Floor
19th of 21
Parking
B1-25& B1-65& P3-33
Developer
Al Madar Investment
Completed
2010
Service charge
AED 20,600 /yr
Last sold
AED 760K · July 2013

About 1901, Scala Tower (Al Madar Tower)

1901 is a two-bedroom apartment of 1,266 sqft on the 19th 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 28 July 2013 for AED 759,600, or AED 599 per sqft, 51% below the AED 1,230 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 16 July 2023, is AED 83,000 a year: a gross yield of 10.9% on the 2013 price, before the service charge of about AED 20,600 a year.

Sales and rents for 1901 over time

Sales
Unit 1901, each saleTypical two-bed in Scala Tower (Al Madar Tower)
1M2M2009201420192024Typical sale price by year: 2009 AED 1,687,500; 2012 AED 1,780,000; 2013 AED 1,556,988; 2014 AED 1,709,100; 2015 AED 1,650,000; 2021 AED 1,005,000; 2023 AED 1,415,000; 2025 AED 1,962,000Sold by developer, July 2013: AED 759,600 (AED 599 per sqft)

1901 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1901, each contractTypical two-bed in Scala Tower (Al Madar Tower)
75K100K125K2013201720212025Typical rent by year: 2013 AED 73,500; 2014 AED 101,200; 2015 AED 114,583; 2016 AED 117,437; 2017 AED 108,000; 2018 AED 95,000; 2019 AED 85,000; 2020 AED 75,000; 2021 AED 71,000; 2022 AED 77,200; 2023 AED 83,000; 2024 AED 114,000; 2025 AED 115,000; 2026 AED 112,500New contract, January 2016: AED 120,000 a yearNew contract, October 2019: AED 80,000 a yearNew contract, July 2021: AED 70,000 a yearRenewal, July 2022: AED 74,000 a yearNew contract, July 2023: AED 83,000 a year

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 1901 sits

All 34 2-beds →

1901 last sold in July 2013 at AED 599 per sqft, 51% below what two-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,230). 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. 1901's AED 83,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
20 Apr 20261,610,550
6 Feb 20262,050,000
19 Aug 20252,050,000
5 Aug 20252,156,000
2 2-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 →
Value
19021-bedAED 534K · Jul 2013
19032-bedAED 1.5M · Sep 2023
19041-bedAED 1.35M · Jul 2025
19051-bedAED 1.21M · Aug 2026
19061-bedAED 1.2M · Aug 2025
19071-bedAED 443K · Jul 2013
19081-bedAED 593K · Jul 2013
1–7 of 8

1901, Scala Tower (Al Madar Tower) in numbers

  • Sold once: by Al Madar Investment on 28 July 2013 for AED 759,600, or AED 599 per sqft.
  • Rented since January 2016 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 70,000 in 2021 and recovered to AED 83,000 by July 2023.
  • At AED 83,000 a year the gross yield on the 2013 price is 10.9%, 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 16 July 2023.

Questions about 1901, Scala Tower (Al Madar Tower)

What did unit 1901 last sell for?

AED 759,600 on 28 July 2013, sold by the developer: AED 599 per sqft for 1,266 sqft. It is the only registered sale of the unit.

What is the rent for unit 1901?

AED 83,000 a year on the contract signed on 16 July 2023. The previous contract, from July 2022, was AED 74,000; the unit has been rented since January 2016.

How big is unit 1901?

1,266 sqft (117.6 sqm): a two-bedroom apartment on the 19th floor of a 21-storey tower completed in 2010.

What is unit 1901 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 1901, Scala Tower (Al Madar Tower)

Starts from the last sale price (AED 760K, 28 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 759,600
Deposit, UAE resident (20%)
AED 151,920
Deposit, non-resident (40%)
AED 303,840
Monthly over 25 years at 3.7%
AED 3,108

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