1308, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1308, Scala Tower (Al Madar Tower)
What is 1308 worth today?
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Source: Dubai Land Department. Updated 13 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 988 sqft
- Floor
- 13th of 21
- Parking
- P2-24
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 16,100 /yr
- Last sold
- AED 1.13M · August 2024
- Building
- Scala Tower (Al Madar Tower)
About 1308, Scala Tower (Al Madar Tower)
1308 is a one-bedroom apartment of 988 sqft on the 13th 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 13 August 2024 for AED 1,130,000, or AED 1,143 per sqft, 4% above the AED 1,100 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 15 July 2022, is AED 60,000 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 16,100 a year.
Sales and rents for 1308 over time
1308 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1308 sits
All 123 1-beds →1308 last sold in August 2024 at AED 1,143 per sqft, 4% above what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,100). 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. 1308's AED 60,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Aug 202610 August 2026 | 965 sqft | 1,070,000 | 1,108 | ||
| 10 Aug 202610 August 2026 | 959 sqft | 1,210,000 | 1,261 | ||
| 5 Jun 20265 June 2026 | 959 sqft | 1,225,270 | 1,277 | ||
| 24 Apr 202624 April 2026 | 959 sqft | 1,150,000 | 1,199 |
Scala Tower (Al Madar Tower)
Building177 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%
Other units on the 13th floor
All 177 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 2-bed | 1,266 sqft | AED 1.55MAED 1,545,000 · Jun 2013June 2013 | 87,000 /yr | |
| 1302 | 1-bed | 931 sqft | No registered sale | 61,950 /yr | |
| 1303 | 2-bed | 1,274 sqft | AED 2.05MAED 2,050,000 · Feb 2026February 2026 | 85,929 /yr | |
| 1304 | 1-bed | 978 sqft | AED 1.05MAED 1,050,000 · Jan 2025January 2025 | 85,000 /yr | |
| 1305 | 1-bed | 959 sqft | AED 1.23MAED 1,225,270 · Jun 2026June 2026 | 63,250 /yr | |
| 1306 | 1-bed | 747 sqft | AED 900KAED 900,000 · Nov 2024November 2024 | 65,205 /yr | |
| 1307 | 1-bed | 739 sqft | AED 1.03MAED 1,030,000 · Jan 2026January 2026 | 80,000 /yr | |
| 1309 | 1-bed | 965 sqft | AED 1.29MAED 1,293,000 · Aug 2024August 2024 | 70,000 /yr |
1308, Scala Tower (Al Madar Tower) in numbers
- Sold twice: first on 19 October 2023 for AED 874,380, last on 13 August 2024 for AED 1,130,000 (AED 1,143 per sqft).
- Rented since September 2014 on 6 Ejari contracts, from AED 88,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 16,100 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 13 August 2024.
Questions about 1308, Scala Tower (Al Madar Tower)
What did unit 1308 last sell for?
AED 1,130,000 on 13 August 2024: AED 1,143 per sqft for 988 sqft. The unit has 2 registered sales; the first was AED 874,380 in October 2023.
What is the rent for unit 1308?
AED 60,000 a year on the contract renewed on 15 July 2022. The previous contract, from July 2021, was AED 57,000; the unit has been rented since September 2014.
How big is unit 1308?
988 sqft (91.8 sqm): a one-bedroom apartment on the 13th floor of a 21-storey tower completed in 2010.
What is unit 1308 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 1308, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 1.13M, 13 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,130,000
- Deposit, UAE resident (20%)
- AED 226,000
- Deposit, non-resident (40%)
- AED 452,000
- Monthly over 25 years at 3.7%
- AED 4,623
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →