512, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 5 times, last in May 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 512, Scala Tower (Al Madar Tower)
What is 512 worth today?
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Source: Dubai Land Department. Updated 24 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,001 sqft
- Floor
- 5th of 21
- Parking
- B2-59
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 16,300 /yr
- Last sold
- AED 800K · May 2023
- Building
- Scala Tower (Al Madar Tower)
About 512, Scala Tower (Al Madar Tower)
512 is a one-bedroom apartment of 1,001 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 24 May 2023 for AED 800,000, or AED 799 per sqft, 4% below the AED 829 one-beds in the building were fetching at the time.
It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 25 February 2021, is AED 42,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 16,300 a year.
Sales and rents for 512 over time
512 has sold 5 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 512 sits
All 123 1-beds →512 last sold in May 2023 at AED 799 per sqft, 4% below what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 829). 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. 512's AED 42,000 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 | |
| 502 | 1-bed | 888 sqft | AED 1.25MAED 1,250,000 · Dec 2014December 2014 | 47,000 /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 | |
| 513 | 1-bed | 965 sqft | AED 800KAED 800,000 · May 2023May 2023 | 83,000 /yr |
512, Scala Tower (Al Madar Tower) in numbers
- Sold 5 times: first on 23 May 2009 for AED 1,427,475, last on 24 May 2023 for AED 800,000 (AED 799 per sqft).
- Rented since January 2015 on 3 Ejari contracts, from AED 79,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 16,300 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 24 May 2023.
Questions about 512, Scala Tower (Al Madar Tower)
What did unit 512 last sell for?
AED 800,000 on 24 May 2023: AED 799 per sqft for 1,001 sqft. The unit has 5 registered sales; the first was AED 1,427,475 in May 2009.
What is the rent for unit 512?
AED 42,000 a year on the contract signed on 25 February 2021. The previous contract, from February 2018, was AED 70,000; the unit has been rented since January 2015.
How big is unit 512?
1,001 sqft (93.0 sqm): a one-bedroom apartment on the 5th floor of a 21-storey tower completed in 2010.
What is unit 512 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 512, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 800K, 24 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 800,000
- Deposit, UAE resident (20%)
- AED 160,000
- Deposit, non-resident (40%)
- AED 320,000
- Monthly over 25 years at 3.7%
- AED 3,273
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →