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2-bed · 1,274 sqftScala Tower (Al Madar Tower), Business Bay · 20th floor · completed 2010

2003, Scala Tower (Al Madar Tower)

Sold prices and rental history: sold twice, last in April 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2003 · DLD and Ejari recordsUpdated 21 July 2021
Last soldAED 1.25M25 April 2021
Current rentAED 110K /yr21 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2003, Scala Tower (Al Madar Tower)

What is 2003 worth today?

Last sold for AED 1,250,000 in 2021

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21 Jul 2021RentedNew contract
AED 110,000/yr12 months · AED 87 per sqft
25 Apr 2021SoldReady
AED 1,250,000AED 981 per sqft
12 Dec 2019RentedNew contract
AED 80,000/yr14 months · AED 63 per sqft
28 Jul 2013Sold by developerReady
AED 764,400AED 599 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 July 2021.

Key facts

Type
2-bed apartment
Size
1,274 sqft
Floor
20th of 21
Parking
B1-36& B1-75& P3-05
Developer
Al Madar Investment
Completed
2010
Service charge
AED 20,800 /yr
Last sold
AED 1.25M · April 2021
Building
Scala Tower (Al Madar Tower)

About 2003, Scala Tower (Al Madar Tower)

2003 is a two-bedroom apartment of 1,274 sqft on the 20th 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 25 April 2021 for AED 1,250,000, or AED 981 per sqft.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 21 July 2021, is AED 110,000 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 20,800 a year.

Sales and rents for 2003 over time

Sales
Unit 2003, each saleTypical two-bed in Scala Tower (Al Madar Tower)
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,687,500; 2012 AED 1,839,750; 2013 AED 1,545,000; 2014 AED 1,709,100; 2015 AED 1,650,000; 2021 AED 1,005,000; 2023 AED 1,415,000; 2025 AED 1,750,000Sold by developer, July 2013: AED 764,400 (AED 599 per sqft)Sold, April 2021: AED 1,250,000 (AED 981 per sqft)

2003 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2003, each contractTypical two-bed in Scala Tower (Al Madar Tower)
75K100K125K2013201720212025Typical rent by year: 2013 AED 71,750; 2014 AED 101,200; 2015 AED 114,583; 2016 AED 117,437; 2017 AED 117,500; 2018 AED 96,000; 2019 AED 85,000; 2020 AED 72,000; 2021 AED 70,000; 2022 AED 80,000; 2023 AED 81,231; 2024 AED 119,000; 2025 AED 116,500New contract, December 2019: AED 80,000 a yearNew contract, July 2021: AED 110,000 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 2003 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 salesUnit no.Price (AED)Summary
6 Feb 20262,050,000
30 Jul 20251,962,000
18 Jun 20251,750,000
28 May 20251,750,000
1 2-bed sale in the last 12 months

Scala Tower (Al Madar Tower)

Building

176 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%
Scala Tower (Al Madar Tower), Business Bay: prices, sales and rents →

Other units on the 20th floor

All 176 units in Scala Tower (Al Madar Tower)
Value
20012-bedAED 1.96M · Jul 2025
20021-bedAED 1.65M · Dec 2023
20051-bedAED 1.1M · Nov 2024
20061-bedAED 880K · May 2024
20071-bedAED 1M · Mar 2025
20081-bedAED 1.27M · Feb 2025
20091-bedAED 1.06M · Sep 2023

2003, Scala Tower (Al Madar Tower) in numbers

  • Sold twice: first on 28 July 2013 for AED 764,400, last on 25 April 2021 for AED 1,250,000 (AED 981 per sqft).
  • Rented since December 2019 on 2 Ejari contracts, from AED 80,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2021 price is 8.8%, before a service charge of about AED 20,800 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 21 July 2021.

Questions about 2003, Scala Tower (Al Madar Tower)

What did unit 2003 last sell for?

AED 1,250,000 on 25 April 2021: AED 981 per sqft for 1,274 sqft. The unit has 2 registered sales; the first was AED 764,400 in July 2013.

What is the rent for unit 2003?

AED 110,000 a year on the contract signed on 21 July 2021. The previous contract, from December 2019, was AED 80,000.

How big is unit 2003?

1,274 sqft (118.4 sqm): a two-bedroom apartment on the 20th floor of a 21-storey tower completed in 2010.

What is unit 2003 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 2003, Scala Tower (Al Madar Tower)

Starts from the last sale price (AED 1.25M, 25 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →