1601, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 4 times, last in June 2019, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Scala Tower (Al Madar Tower)
What is 1601 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,266 sqft
- Floor
- 16th of 21
- Parking
- P2-01
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 20,600 /yr
- Last sold
- AED 1.2M · June 2019
- Building
- Scala Tower (Al Madar Tower)
About 1601, Scala Tower (Al Madar Tower)
1601 is a two-bedroom apartment of 1,266 sqft on the 16th 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 23 June 2019 for AED 1,200,000, or AED 947 per sqft.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 15 February 2025, is AED 105,000 a year: a gross yield of 8.8% on the 2019 price, before the service charge of about AED 20,600 a year.
Sales and rents for 1601 over time
1601 has sold 4 times; 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 1601 sits
All 32 2-beds →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 16th floor
All 176 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 910 sqft | AED 1.35MAED 1,350,000 · Aug 2014August 2014 | 66,000 /yr | |
| 1603 | 2-bed | 1,274 sqft | AED 855KAED 855,000 · Aug 2015August 2015 | 90,000 /yr | |
| 1604 | 1-bed | 978 sqft | AED 1.15MAED 1,150,000 · Aug 2015August 2015 | 80,000 /yr | |
| 1605 | 1-bed | 959 sqft | AED 1.03MAED 1,027,614 · Sep 2023September 2023 | 55,000 /yr | |
| 1606 | 1-bed | 747 sqft | AED 960KAED 960,000 · May 2014May 2014 | 77,000 /yr | |
| 1607 | 1-bed | 739 sqft | AED 480KAED 480,390 · Apr 2014April 2014 | ||
| 1608 | 1-bed | 988 sqft | AED 1.28MAED 1,283,880 · Mar 2014March 2014 | 84,000 /yr | |
| 1609 | 1-bed | 965 sqft | AED 593KAED 593,230 · Mar 2014March 2014 |
1601, Scala Tower (Al Madar Tower) in numbers
- Sold 4 times: first on 24 May 2009 for AED 1,672,000, last on 23 June 2019 for AED 1,200,000 (AED 947 per sqft).
- Rented since March 2018 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 67,000 in 2020 and recovered to AED 105,000 by February 2025.
- At AED 105,000 a year the gross yield on the 2019 price is 8.8%, before a service charge of about AED 20,600 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 15 February 2025.
Questions about 1601, Scala Tower (Al Madar Tower)
What did unit 1601 last sell for?
AED 1,200,000 on 23 June 2019: AED 947 per sqft for 1,266 sqft. The unit has 4 registered sales; the first was AED 1,672,000 in May 2009.
What is the rent for unit 1601?
AED 105,000 a year on the contract signed on 15 February 2025. The previous contract, from December 2021, was AED 92,000; the unit has been rented since March 2018.
How big is unit 1601?
1,266 sqft (117.6 sqm): a two-bedroom apartment on the 16th floor of a 21-storey tower completed in 2010.
What is unit 1601 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 1601, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 1.2M, 23 June 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,200,000
- Deposit, UAE resident (20%)
- AED 240,000
- Deposit, non-resident (40%)
- AED 480,000
- Monthly over 25 years at 3.7%
- AED 4,910
Plus AED 55,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →