1-bed · 921 sqftScala Tower (Al Madar Tower), Business Bay · 8th floor · completed 2010

802, Scala Tower (Al Madar Tower)

Sold prices and rental history: sold 4 times, last in June 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 5 April 2024
Last soldAED 1.15M12 June 2023
Current rentAED 100K /yr5 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802, Scala Tower (Al Madar Tower)

What is 802 worth today?

Last sold for AED 1,150,000 in 2023

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5 Apr 2024RentedNew contract
AED 100,000/yr12 months · AED 108 per sqft
12 Jun 2023SoldReady
AED 1,150,000AED 1,248 per sqft
1 Mar 2022RentedRenewal
AED 51,500/yr12 months · AED 56 per sqft
1 Mar 2021RentedNew contract
AED 48,000/yr12 months · AED 52 per sqft
18 Aug 2019RentedNew contract
AED 64,000/yr12 months · AED 69 per sqft
1 Dec 2018RentedNew contract
AED 75,000/yr12 months · AED 81 per sqft
20 Feb 2018RentedNew contract
AED 77,000/yr12 months · AED 83 per sqft
2 May 2017SoldReady
AED 1,200,000AED 1,302 per sqft

Source: Dubai Land Department. Updated 5 April 2024.

Key facts

Type
1-bed apartment
Size
921 sqft
Floor
8th of 21
Parking
B2-15
Developer
Al Madar Investment
Completed
2010
Service charge
AED 15,000 /yr
Last sold
AED 1.15M · June 2023

About 802, Scala Tower (Al Madar Tower)

802 is a one-bedroom apartment of 921 sqft on the 8th 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 12 June 2023 for AED 1,150,000, or AED 1,248 per sqft, 41% above the AED 884 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 5 April 2024, is AED 100,000 a year: a gross yield of 8.7% on the 2023 price, before the service charge of about AED 15,000 a year.

Sales and rents for 802 over time

Sales
Unit 802, 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 1,092,500 (AED 1,186 per sqft)Sold, October 2011: AED 1,092,500 (AED 1,186 per sqft)Sold, May 2017: AED 1,200,000 (AED 1,302 per sqft)Sold, June 2023: AED 1,150,000 (AED 1,248 per sqft)

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

Rents
Unit 802, each contractTypical one-bed in Scala Tower (Al Madar Tower)
50K75K100K2013201720212025Typical 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, November 2016: AED 93,000 a yearNew contract, February 2018: AED 77,000 a yearNew contract, December 2018: AED 75,000 a yearNew contract, August 2019: AED 64,000 a yearNew contract, March 2021: AED 48,000 a yearRenewal, March 2022: AED 51,500 a yearNew contract, April 2024: AED 100,000 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 802 sits

All 123 1-beds →

802 last sold in June 2023 at AED 1,248 per sqft, 41% 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. 802's AED 100,000 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
8012-bedAED 1.61M · Apr 2026
8032-bedAED 1.54M · Feb 2015
8041-bedAED 1.03M · Jun 2016
8051-bedAED 855K · Oct 2023
806StudioAED 682K · Apr 2025
8071-bedAED 850K · Sep 2024
808StudioAED 576K · May 2009
1–7 of 12

802, Scala Tower (Al Madar Tower) in numbers

  • Sold 4 times: first on 24 May 2009 for AED 1,092,500, last on 12 June 2023 for AED 1,150,000 (AED 1,248 per sqft).
  • Rented since November 2016 on 7 Ejari contracts. The rent fell from AED 93,000 to AED 48,000 in 2021 and recovered to AED 100,000 by April 2024.
  • At AED 100,000 a year the gross yield on the 2023 price is 8.7%, before a service charge of about AED 15,000 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 April 2024.

Questions about 802, Scala Tower (Al Madar Tower)

What did unit 802 last sell for?

AED 1,150,000 on 12 June 2023: AED 1,248 per sqft for 921 sqft. The unit has 4 registered sales; the first was AED 1,092,500 in May 2009.

What is the rent for unit 802?

AED 100,000 a year on the contract signed on 5 April 2024. The previous contract, from March 2022, was AED 51,500; the unit has been rented since November 2016.

How big is unit 802?

921 sqft (85.6 sqm): a one-bedroom apartment on the 8th floor of a 21-storey tower completed in 2010.

What is unit 802 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 802, Scala Tower (Al Madar Tower)

Starts from the last sale price (AED 1.15M, 12 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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