502, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 4 times, last in December 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, Scala Tower (Al Madar Tower)
What is 502 worth today?
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Source: Dubai Land Department. Updated 17 July 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 888 sqft
- Floor
- 5th of 21
- Parking
- B2-49
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 14,500 /yr
- Last sold
- AED 1.25M · December 2014
- Building
- Scala Tower (Al Madar Tower)
About 502, Scala Tower (Al Madar Tower)
502 is a one-bedroom apartment of 888 sqft on the 5th 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 11 December 2014 for AED 1,250,000, or AED 1,407 per sqft, in line with the AED 1,377 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 17 July 2021, is AED 47,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 14,500 a year.
Sales and rents for 502 over time
502 has sold 4 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 502 sits
All 123 1-beds →502 last sold in December 2014 at AED 1,407 per sqft, in line with what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,377). 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. 502's AED 47,000 is at the bottom 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 5th floor
All 177 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,254 sqft | AED 2.05MAED 2,050,000 · Aug 2025August 2025 | 110,000 /yr | |
| 503 | 2-bed | 1,272 sqft | AED 1.69MAED 1,685,000 · May 2009May 2009 | 108,000 /yr | |
| 504 | 1-bed | 978 sqft | AED 1.05MAED 1,050,000 · Mar 2023March 2023 | 65,000 /yr | |
| 505 | 1-bed | 959 sqft | AED 730KAED 730,000 · Jun 2022June 2022 | 72,765 /yr | |
| 506 | Studio | 398 sqft | AED 595KAED 595,000 · Dec 2012December 2012 | 46,200 /yr | |
| 507 | 1-bed | 743 sqft | AED 900KAED 900,000 · Feb 2017February 2017 | 59,839 /yr | |
| 508 | Studio | 482 sqft | AED 525KAED 525,000 · Oct 2024October 2024 | 45,000 /yr | |
| 509 | Studio | 484 sqft | AED 721KAED 720,913 · Mar 2013March 2013 | 50,000 /yr | |
| 510 | 1-bed | 757 sqft | AED 1.03MAED 1,030,000 · May 2013May 2013 | 55,000 /yr | |
| 511 | Studio | 398 sqft | AED 750KAED 750,000 · Nov 2013November 2013 | 53,000 /yr | |
| 512 | 1-bed | 1,001 sqft | AED 800KAED 800,000 · May 2023May 2023 | 42,000 /yr | |
| 513 | 1-bed | 965 sqft | AED 800KAED 800,000 · May 2023May 2023 | 83,000 /yr |
502, Scala Tower (Al Madar Tower) in numbers
- Sold 4 times: first on 26 May 2009 for AED 1,218,750, last on 11 December 2014 for AED 1,250,000 (AED 1,407 per sqft).
- Rented since August 2018 on 4 Ejari contracts, from AED 65,000 to AED 47,000 a year.
- At AED 47,000 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 14,500 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 17 July 2021.
Questions about 502, Scala Tower (Al Madar Tower)
What did unit 502 last sell for?
AED 1,250,000 on 11 December 2014: AED 1,407 per sqft for 888 sqft. The unit has 4 registered sales; the first was AED 1,218,750 in May 2009.
What is the rent for unit 502?
AED 47,000 a year on the contract signed on 17 July 2021. The previous contract, from August 2020, was AED 47,000; the unit has been rented since August 2018.
How big is unit 502?
888 sqft (82.5 sqm): a one-bedroom apartment on the 5th floor of a 21-storey tower completed in 2010.
What is unit 502 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 502, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 1.25M, 11 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →