1508, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 5 times, last in June 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Scala Tower (Al Madar Tower)
What is 1508 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 21 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 988 sqft
- Floor
- 15th of 21
- Parking
- P2-33
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 16,100 /yr
- Last sold
- AED 1.1M · June 2024
- Building
- Scala Tower (Al Madar Tower)
About 1508, Scala Tower (Al Madar Tower)
1508 is a one-bedroom apartment of 988 sqft on the 15th 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 21 June 2024 for AED 1,100,000, or AED 1,113 per sqft, 11% above the AED 1,004 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 23 December 2022, is AED 65,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 16,100 a year.
Sales and rents for 1508 over time
1508 has sold 5 times; 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 1508 sits
All 123 1-beds →1508 last sold in June 2024 at AED 1,113 per sqft, 11% above what one-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,004). 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. 1508's AED 65,000 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 15th floor
All 177 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,266 sqft | AED 1.6MAED 1,600,000 · Oct 2023October 2023 | 85,000 /yr | |
| 1502 | 1-bed | 917 sqft | AED 813KAED 813,173 · Oct 2022October 2022 | 88,000 /yr | |
| 1504 | 1-bed | 978 sqft | AED 1.33MAED 1,330,000 · Jun 2025June 2025 | 60,000 /yr | |
| 1505 | 1-bed | 959 sqft | AED 1.1MAED 1,100,000 · Sep 2025September 2025 | 103,000 /yr | |
| 1506 | 1-bed | 747 sqft | AED 880KAED 880,000 · Jun 2024June 2024 | 65,000 /yr | |
| 1507 | 1-bed | 739 sqft | AED 895KAED 895,000 · Jun 2024June 2024 | 82,500 /yr | |
| 1509 | 1-bed | 965 sqft | AED 1.39MAED 1,390,000 · Jan 2025January 2025 | 65,000 /yr |
1508, Scala Tower (Al Madar Tower) in numbers
- Sold 5 times: first on 1 August 2013 for AED 1,284,400, last on 21 June 2024 for AED 1,100,000 (AED 1,113 per sqft).
- Rented since July 2015 on 7 Ejari contracts. The rent fell from AED 90,000 to AED 56,500 in 2021 and recovered to AED 65,000 by December 2022.
- At AED 65,000 a year the gross yield on the 2024 price is 5.9%, 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 21 June 2024.
Questions about 1508, Scala Tower (Al Madar Tower)
What did unit 1508 last sell for?
AED 1,100,000 on 21 June 2024: AED 1,113 per sqft for 988 sqft. The unit has 5 registered sales; the first was AED 1,284,400 in August 2013.
What is the rent for unit 1508?
AED 65,000 a year on the contract signed on 23 December 2022. The previous contract, from April 2021, was AED 56,500; the unit has been rented since July 2015.
How big is unit 1508?
988 sqft (91.8 sqm): a one-bedroom apartment on the 15th floor of a 21-storey tower completed in 2010.
What is unit 1508 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.
Selling 1508? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1508, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 1.1M, 21 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →