2-bed · 1,254 sqftScala Tower (Al Madar Tower), Business Bay · 6th floor · completed 2010

601, Scala Tower (Al Madar Tower)

Sold prices and rental history: sold 4 times, last in July 2023, and rented once, from December 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 5 July 2023
Last soldAED 1.38M5 July 2023
Current rentAED 90K /yr20 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Scala Tower (Al Madar Tower)

What is 601 worth today?

Last sold for AED 1,380,000 in 2023

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5 Jul 2023SoldReady
AED 1,380,000AED 1,100 per sqft
20 Dec 2022RentedNew contract
AED 90,000/yr12 months · AED 72 per sqft
2 Jul 2017SoldReady
AED 1,600,000AED 1,275 per sqft
3 Jun 2013SoldReady
AED 1,690,000AED 1,347 per sqft
23 May 2009Sold by developerOff-plan
AED 1,690,000AED 1,347 per sqft

Source: Dubai Land Department. Updated 5 July 2023.

Key facts

Type
2-bed apartment
Size
1,254 sqft
Floor
6th of 21
Parking
B2-01
Developer
Al Madar Investment
Completed
2010
Service charge
AED 20,400 /yr
Last sold
AED 1.38M · July 2023

About 601, Scala Tower (Al Madar Tower)

601 is a two-bedroom apartment of 1,254 sqft on the 6th 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 5 July 2023 for AED 1,380,000, or AED 1,100 per sqft, 8% above the AED 1,020 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 December 2022. The current contract, signed on 20 December 2022, is AED 90,000 a year: a gross yield of 6.5% on the 2023 price, before the service charge of about AED 20,400 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical two-bed in Scala Tower (Al Madar Tower)
1M1.5M2M2009201420192024Typical 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, May 2009: AED 1,690,000 (AED 1,347 per sqft)Sold, June 2013: AED 1,690,000 (AED 1,347 per sqft)Sold, July 2017: AED 1,600,000 (AED 1,275 per sqft)Sold, July 2023: AED 1,380,000 (AED 1,100 per sqft)

601 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 601, 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, December 2022: AED 90,000 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 601 sits

All 34 2-beds →

601 last sold in July 2023 at AED 1,100 per sqft, 8% above what two-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,020). 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. 601's AED 90,000 is in the lower half 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
6021-bedAED 1.18M · Jul 2015
6032-bedAED 1.54M · Jun 2014
6041-bedAED 1.18M · Apr 2025
6051-bedAED 1.02M · May 2017
606StudioAED 480K · Mar 2023
6071-bedAED 1M · Apr 2025
608StudioAED 513K · Oct 2013
1–7 of 12

601, Scala Tower (Al Madar Tower) in numbers

  • Sold 4 times: first on 23 May 2009 for AED 1,690,000, last on 5 July 2023 for AED 1,380,000 (AED 1,100 per sqft).
  • Rented since December 2022 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 6.5%, before a service charge of about AED 20,400 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 5 July 2023.

Questions about 601, Scala Tower (Al Madar Tower)

What did unit 601 last sell for?

AED 1,380,000 on 5 July 2023: AED 1,100 per sqft for 1,254 sqft. The unit has 4 registered sales; the first was AED 1,690,000 in May 2009.

What is the rent for unit 601?

AED 90,000 a year on the contract signed on 20 December 2022.

How big is unit 601?

1,254 sqft (116.5 sqm): a two-bedroom apartment on the 6th floor of a 21-storey tower completed in 2010.

What is unit 601 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 601, Scala Tower (Al Madar Tower)

Starts from the last sale price (AED 1.38M, 5 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,380,000
Deposit, UAE resident (20%)
AED 276,000
Deposit, non-resident (40%)
AED 552,000
Monthly over 25 years at 3.7%
AED 5,646

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