2002, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2002, Scala Tower (Al Madar Tower)
What is 2002 worth today?
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Source: Dubai Land Department. Updated 5 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 883 sqft
- Floor
- 20th of 21
- Parking
- B1-35& B1-74& P3-04
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 14,400 /yr
- Last sold
- AED 1.65M · December 2023
- Building
- Scala Tower (Al Madar Tower)
About 2002, Scala Tower (Al Madar Tower)
2002 is a one-bedroom apartment of 883 sqft on the 20th 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 December 2023 for AED 1,650,000, or AED 1,868 per sqft, 111% above the AED 884 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 5 November 2024, is AED 104,709 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 14,400 a year.
Sales and rents for 2002 over time
2002 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 2002 sits
All 123 1-beds →2002 last sold in December 2023 at AED 1,868 per sqft, 111% above what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 884). 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. 2002's AED 104,709 is in the upper 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 20th floor
All 177 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | 2-bed | 1,266 sqft | AED 1.96MAED 1,962,000 · Jul 2025July 2025 | 83,950 /yr | |
| 2003 | 2-bed | 1,274 sqft | AED 1.25MAED 1,250,000 · Apr 2021April 2021 | 110,000 /yr | |
| 2004 | 1-bed | 978 sqft | AED 1.35MAED 1,350,000 · Jul 2025July 2025 | 120,000 /yr | |
| 2005 | 1-bed | 959 sqft | AED 1.1MAED 1,100,000 · Nov 2024November 2024 | 58,000 /yr | |
| 2006 | 1-bed | 747 sqft | AED 880KAED 880,000 · May 2024May 2024 | 55,200 /yr | |
| 2007 | 1-bed | 739 sqft | AED 1MAED 1,000,000 · Mar 2025March 2025 | 82,000 /yr | |
| 2008 | 1-bed | 988 sqft | AED 1.27MAED 1,266,000 · Feb 2025February 2025 | 68,250 /yr | |
| 2009 | 1-bed | 965 sqft | AED 1.06MAED 1,061,500 · Sep 2023September 2023 | 58,000 /yr |
2002, Scala Tower (Al Madar Tower) in numbers
- Sold 3 times: first on 28 July 2013 for AED 529,800, last on 13 December 2023 for AED 1,650,000 (AED 1,868 per sqft).
- Rented since November 2013 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 58,000 in 2021 and recovered to AED 104,709 by November 2024.
- At AED 104,709 a year the gross yield on the 2023 price is 6.3%, before a service charge of about AED 14,400 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 November 2024.
Questions about 2002, Scala Tower (Al Madar Tower)
What did unit 2002 last sell for?
AED 1,650,000 on 13 December 2023: AED 1,868 per sqft for 883 sqft. The unit has 3 registered sales; the first was AED 529,800 in July 2013.
What is the rent for unit 2002?
AED 104,709 a year on the contract signed on 5 November 2024. The previous contract, from March 2021, was AED 58,000; the unit has been rented since November 2013.
How big is unit 2002?
883 sqft (82.0 sqm): a one-bedroom apartment on the 20th floor of a 21-storey tower completed in 2010.
What is unit 2002 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 2002, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 1.65M, 13 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,650,000
- Deposit, UAE resident (20%)
- AED 330,000
- Deposit, non-resident (40%)
- AED 660,000
- Monthly over 25 years at 3.7%
- AED 6,751
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →