1-bed · 959 sqftScala Tower (Al Madar Tower), Business Bay · 6th floor · completed 2010

605, Scala Tower (Al Madar Tower)

Sold prices and rental history: sold 4 times, last in May 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 605 · DLD and Ejari recordsUpdated 30 May 2017
Last soldAED 1.02M30 May 2017
Current rentAED 78K /yr19 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 605, Scala Tower (Al Madar Tower)

What is 605 worth today?

Last sold for AED 1,015,000 in 2017

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30 May 2017SoldReady
AED 1,015,000AED 1,058 per sqft
19 Sep 2015RentedRenewal
AED 78,000/yr12 months · AED 81 per sqft
10 Sep 2014RentedNew contract
AED 76,098/yr12 months · AED 79 per sqft
20 Feb 2013SoldReady
AED 850,000AED 886 per sqft
16 Feb 2012SoldReady
AED 1,167,500AED 1,217 per sqft
27 May 2009Sold by developerOff-plan
AED 1,167,500AED 1,217 per sqft

Source: Dubai Land Department. Updated 30 May 2017.

Key facts

Type
1-bed apartment
Size
959 sqft
Floor
6th of 21
Parking
B2-05
Developer
Al Madar Investment
Completed
2010
Service charge
AED 15,600 /yr
Last sold
AED 1.02M · May 2017

About 605, Scala Tower (Al Madar Tower)

605 is a one-bedroom apartment of 959 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 30 May 2017 for AED 1,015,000, or AED 1,058 per sqft, in line with the AED 1,053 one-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 19 September 2015, is AED 78,000 a year: a gross yield of 7.7% on the 2017 price, before the service charge of about AED 15,600 a year.

Sales and rents for 605 over time

Sales
Unit 605, each saleTypical one-bed in Scala Tower (Al Madar Tower)
750K1M1.25M2009201420192024Typical sale price by year: 2009 AED 1,218,750; 2011 AED 947,193; 2012 AED 1,195,000; 2013 AED 940,500; 2014 AED 1,250,000; 2015 AED 1,150,000; 2016 AED 1,027,500; 2017 AED 1,150,000; 2021 AED 820,000; 2022 AED 700,000; 2023 AED 848,715; 2024 AED 925,000; 2025 AED 1,100,000; 2026 AED 1,180,000Sold by developer, May 2009: AED 1,167,500 (AED 1,217 per sqft)Sold, February 2012: AED 1,167,500 (AED 1,217 per sqft)Sold, February 2013: AED 850,000 (AED 886 per sqft)Sold, May 2017: AED 1,015,000 (AED 1,058 per sqft)

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

Rents
Unit 605, each contractTypical one-bed in Scala Tower (Al Madar Tower)
60K80K2013201720212025Typical rent by year: 2013 AED 53,350; 2014 AED 72,000; 2015 AED 80,000; 2016 AED 85,000; 2017 AED 80,000; 2018 AED 70,000; 2019 AED 64,000; 2020 AED 55,000; 2021 AED 48,000; 2022 AED 55,000; 2023 AED 61,950; 2024 AED 73,500; 2025 AED 80,000; 2026 AED 78,000New contract, September 2014: AED 76,098 a yearRenewal, September 2015: AED 78,000 a year

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 605 sits

All 123 1-beds →

605 last sold in May 2017 at AED 1,058 per sqft, in line with what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,053). 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. 605's AED 78,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Aug 20261,070,000
10 Aug 20261,210,000
5 Jun 20261,225,270
24 Apr 20261,150,000
10 1-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
6012-bedAED 1.38M · Jul 2023
6021-bedAED 1.18M · Jul 2015
6032-bedAED 1.54M · Jun 2014
6041-bedAED 1.18M · Apr 2025
606StudioAED 480K · Mar 2023
6071-bedAED 1M · Apr 2025
608StudioAED 513K · Oct 2013
1–7 of 12

605, Scala Tower (Al Madar Tower) in numbers

  • Sold 4 times: first on 27 May 2009 for AED 1,167,500, last on 30 May 2017 for AED 1,015,000 (AED 1,058 per sqft).
  • Rented since September 2014 on 2 Ejari contracts, from AED 76,098 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2017 price is 7.7%, before a service charge of about AED 15,600 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 30 May 2017.

Questions about 605, Scala Tower (Al Madar Tower)

What did unit 605 last sell for?

AED 1,015,000 on 30 May 2017: AED 1,058 per sqft for 959 sqft. The unit has 4 registered sales; the first was AED 1,167,500 in May 2009.

What is the rent for unit 605?

AED 78,000 a year on the contract renewed on 19 September 2015. The previous contract, from September 2014, was AED 76,098.

How big is unit 605?

959 sqft (89.1 sqm): a one-bedroom apartment on the 6th floor of a 21-storey tower completed in 2010.

What is unit 605 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 605, Scala Tower (Al Madar Tower)

Starts from the last sale price (AED 1.02M, 30 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,015,000
Deposit, UAE resident (20%)
AED 203,000
Deposit, non-resident (40%)
AED 406,000
Monthly over 25 years at 3.7%
AED 4,153

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