506, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold twice, last in December 2012, 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 506, Scala Tower (Al Madar Tower)
What is 506 worth today?
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Source: Dubai Land Department. Updated 21 October 2023.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 5th of 21
- Parking
- B2-53
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 6,500 /yr
- Last sold
- AED 595K · December 2012
- Building
- Scala Tower (Al Madar Tower)
About 506, Scala Tower (Al Madar Tower)
506 is a studio of 398 sqft on the 5th 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 December 2012 for AED 595,000, or AED 1,494 per sqft, 33% above the AED 1,127 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 21 October 2023, is AED 46,200 a year: a gross yield of 7.8% on the 2012 price, before the service charge of about AED 6,500 a year.
Sales and rents for 506 over time
506 has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Scala Tower (Al Madar Tower), and where 506 sits
All 20 studios →506 last sold in December 2012 at AED 1,494 per sqft, 33% above what studios in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,127). Over the last 12 months studios sold for AED 620,000 to 1,050,000, around AED 1,301 per sqft, and rent for AED 40,000 to 120,000 a year. 506's AED 46,200 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Sep 202628 September 2026 | 999 sqft | 1,050,000 | 1,051 | ||
| 25 Feb 202625 February 2026 | 400 sqft | 620,000 | 1,550 | ||
| 11 Feb 202611 February 2026 | 484 sqft | 780,000 | 1,611 | ||
| 5 Feb 20265 February 2026 | 981 sqft | 1,000,000 | 1,019 |
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 5th floor
All 177 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,254 sqft | AED 2.05MAED 2,050,000 · Aug 2025August 2025 | 110,000 /yr | |
| 502 | 1-bed | 888 sqft | AED 1.25MAED 1,250,000 · Dec 2014December 2014 | 47,000 /yr | |
| 503 | 2-bed | 1,272 sqft | AED 1.69MAED 1,685,000 · May 2009May 2009 | 108,000 /yr | |
| 504 | 1-bed | 978 sqft | AED 1.05MAED 1,050,000 · Mar 2023March 2023 | 65,000 /yr | |
| 505 | 1-bed | 959 sqft | AED 730KAED 730,000 · Jun 2022June 2022 | 72,765 /yr | |
| 507 | 1-bed | 743 sqft | AED 900KAED 900,000 · Feb 2017February 2017 | 59,839 /yr | |
| 508 | Studio | 482 sqft | AED 525KAED 525,000 · Oct 2024October 2024 | 45,000 /yr | |
| 509 | Studio | 484 sqft | AED 721KAED 720,913 · Mar 2013March 2013 | 50,000 /yr | |
| 510 | 1-bed | 757 sqft | AED 1.03MAED 1,030,000 · May 2013May 2013 | 55,000 /yr | |
| 511 | Studio | 398 sqft | AED 750KAED 750,000 · Nov 2013November 2013 | 53,000 /yr | |
| 512 | 1-bed | 1,001 sqft | AED 800KAED 800,000 · May 2023May 2023 | 42,000 /yr | |
| 513 | 1-bed | 965 sqft | AED 800KAED 800,000 · May 2023May 2023 | 83,000 /yr |
506, Scala Tower (Al Madar Tower) in numbers
- Sold twice: first on 23 May 2009 for AED 595,000, last on 25 December 2012 for AED 595,000 (AED 1,494 per sqft).
- Rented since May 2015 on 9 Ejari contracts. The rent fell from AED 64,000 to AED 26,000 in 2020 and recovered to AED 46,200 by October 2023.
- At AED 46,200 a year the gross yield on the 2012 price is 7.8%, before a service charge of about AED 6,500 a year (AED 16.30 per sqft).
- Studios in Scala Tower (Al Madar Tower) sold for AED 620,000–1,050,000 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 October 2023.
Questions about 506, Scala Tower (Al Madar Tower)
What did unit 506 last sell for?
AED 595,000 on 25 December 2012: AED 1,494 per sqft for 398 sqft. The unit has 2 registered sales; the first was AED 595,000 in May 2009.
What is the rent for unit 506?
AED 46,200 a year on the contract renewed on 21 October 2023. The previous contract, from October 2022, was AED 42,000; the unit has been rented since May 2015.
How big is unit 506?
398 sqft (37.0 sqm): a studio on the 5th floor of a 21-storey tower completed in 2010.
What is unit 506 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Scala Tower (Al Madar Tower) sold for AED 620,000 to 1,050,000 in the last 12 months, around AED 1,301 per sqft.
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Mortgage on 506, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 595K, 25 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 595,000
- Deposit, UAE resident (20%)
- AED 119,000
- Deposit, non-resident (40%)
- AED 238,000
- Monthly over 25 years at 3.7%
- AED 2,434
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →