1003, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 3 times, last in November 2012, and rented once, from August 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1003, Scala Tower (Al Madar Tower)
What is 1003 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 August 2018.
Key facts
- Type
- 2-bed apartment
- Size
- 1,307 sqft
- Floor
- 10th of 21
- Parking
- B2-34
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 21,300 /yr
- Last sold
- AED 600K · November 2012
- Building
- Scala Tower (Al Madar Tower)
About 1003, Scala Tower (Al Madar Tower)
1003 is a two-bedroom apartment of 1,307 sqft on the 10th 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 November 2012 for AED 600,000, or AED 459 per sqft, 67% below the AED 1,403 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 10 August 2018. The current contract, renewed on 10 August 2018, is AED 90,000 a year: a gross yield of 15.0% on the 2012 price, before the service charge of about AED 21,300 a year.
Sales and rents for 1003 over time
1003 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1003 sits
All 32 2-beds →1003 last sold in November 2012 at AED 459 per sqft, 67% below what two-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,403). Over the last 12 months two-beds sold for AED 2,050,000, around AED 1,609 per sqft, and rent for AED 115,000 to 125,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Feb 20266 February 2026 | 1,274 sqft | 2,050,000 | 1,609 | ||
| 30 Jul 202530 July 2025 | 1,266 sqft | 1,962,000 | 1,549 | ||
| 18 Jun 202518 June 2025 | 1,266 sqft | 1,750,000 | 1,382 | ||
| 28 May 202528 May 2025 | 1,266 sqft | 1,750,000 | 1,382 |
Scala Tower (Al Madar Tower)
Building176 apartments, studios to 2-bed over 21 floors in Business Bay, completed in 2010 by Al Madar Investment. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,606
- Typical sale
- AED 1.2M
- Typical rent
- AED 83K /yr
- Typical yield
- 6.3%
Other units on the 10th floor
All 176 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 2-bed | 1,266 sqft | AED 1MAED 1,000,000 · Jul 2013July 2013 | 80,500 /yr | |
| 1002 | 1-bed | 921 sqft | AED 800KAED 800,000 · Sep 2020September 2020 | 95,000 /yr | |
| 1004 | 1-bed | 978 sqft | AED 1.23MAED 1,230,000 · Dec 2013December 2013 | 86,000 /yr | |
| 1005 | 1-bed | 959 sqft | AED 920KAED 920,000 · Jul 2023July 2023 | 77,500 /yr | |
| 1006 | 1-bed | 747 sqft | AED 850KAED 850,000 · Mar 2025March 2025 | 95,000 /yr | |
| 1007 | 1-bed | 739 sqft | AED 600KAED 600,000 · Jun 2022June 2022 | 86,000 /yr | |
| 1008 | 988 sqft | AED 1.75MAED 1,750,000 · Oct 2025October 2025 | 60,000 /yr | ||
| 1009 | 1-bed | 965 sqft | AED 975KAED 975,000 · Jan 2018January 2018 | 45,000 /yr |
1003, Scala Tower (Al Madar Tower) in numbers
- Sold 3 times: first on 27 May 2009 for AED 1,780,000, last on 12 November 2012 for AED 600,000 (AED 459 per sqft).
- Rented since August 2018 on one Ejari contract, at AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2012 price is 15.0%, before a service charge of about AED 21,300 a year (AED 16.30 per sqft).
- Two-beds in Scala Tower (Al Madar Tower) sold for AED 2,050,000–2,050,000 in the 12 months to November 2026; the building's median across all types is AED 1,606 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 10 August 2018.
Questions about 1003, Scala Tower (Al Madar Tower)
What did unit 1003 last sell for?
AED 600,000 on 12 November 2012: AED 459 per sqft for 1,307 sqft. The unit has 3 registered sales; the first was AED 1,780,000 in May 2009.
What is the rent for unit 1003?
AED 90,000 a year on the contract renewed on 10 August 2018.
How big is unit 1003?
1,307 sqft (121.4 sqm): a two-bedroom apartment on the 10th floor of a 21-storey tower completed in 2010.
What is unit 1003 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 2,050,000 to 2,050,000 in the last 12 months, around AED 1,609 per sqft.
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Mortgage on 1003, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 600K, 12 November 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus AED 30,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →