703, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold twice, last in January 2012, 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 703, Scala Tower (Al Madar Tower)
What is 703 worth today?
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Source: Dubai Land Department. Updated 17 April 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,327 sqft
- Floor
- 7th of 21
- Parking
- B2-83
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 21,600 /yr
- Last sold
- AED 1.38M · January 2012
- Building
- Scala Tower (Al Madar Tower)
About 703, Scala Tower (Al Madar Tower)
703 is a two-bedroom apartment of 1,327 sqft on the 7th 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 8 January 2012 for AED 1,383,423, or AED 1,042 per sqft, 7% above the AED 976 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 17 April 2025, is AED 120,000 a year: a gross yield of 8.7% on the 2012 price, before the service charge of about AED 21,600 a year.
Sales and rents for 703 over time
703 has sold twice; 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 703 sits
All 34 2-beds →703 last sold in January 2012 at AED 1,042 per sqft, 7% above what two-beds in Scala Tower (Al Madar Tower) were fetching at the time (AED 976). Over the last 12 months two-beds sold for AED 1,610,550 to 2,050,000, around AED 1,441 per sqft, and rent for AED 87,000 to 145,200 a year. 703's AED 120,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Apr 202620 April 2026 | 1,266 sqft | 1,610,550 | 1,272 | ||
| 6 Feb 20266 February 2026 | 1,274 sqft | 2,050,000 | 1,609 | ||
| 19 Aug 202519 August 2025 | 1,254 sqft | 2,050,000 | 1,634 | ||
| 5 Aug 20255 August 2025 | 2,113 sqft | 2,156,000 | 1,020 |
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 7th floor
All 177 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,266 sqft | AED 1.75MAED 1,750,000 · Jun 2025June 2025 | 70,000 /yr | |
| 702 | 1-bed | 921 sqft | AED 775KAED 775,000 · Jan 2013January 2013 | 58,500 /yr | |
| 704 | 1-bed | 978 sqft | AED 1.22MAED 1,216,500 · Jun 2013June 2013 | 85,000 /yr | |
| 705 | 1-bed | 958 sqft | AED 1.18MAED 1,181,500 · Jan 2013January 2013 | 70,000 /yr | |
| 706 | Studio | 401 sqft | AED 600KAED 600,000 · Jun 2024June 2024 | 60,000 /yr | |
| 707 | 1-bed | 740 sqft | AED 830KAED 830,000 · Jul 2024July 2024 | 60,000 /yr | |
| 708 | Studio | 482 sqft | AED 740KAED 740,000 · May 2014May 2014 | 63,600 /yr | |
| 709 | Studio | 484 sqft | AED 560KAED 560,000 · Feb 2024February 2024 | 55,000 /yr | |
| 710 | 1-bed | 755 sqft | AED 876KAED 876,375 · Jun 2013June 2013 | 68,000 /yr | |
| 711 | Studio | 400 sqft | AED 450KAED 450,000 · Oct 2021October 2021 | 52,000 /yr | |
| 712 | 1-bed | 1,001 sqft | AED 1.1MAED 1,100,000 · Oct 2013October 2013 | 60,000 /yr | |
| 713 | 1-bed | 965 sqft | AED 1.1MAED 1,100,000 · Jul 2015July 2015 |
703, Scala Tower (Al Madar Tower) in numbers
- Sold twice: first on 24 May 2009 for AED 1,383,423, last on 8 January 2012 for AED 1,383,423 (AED 1,042 per sqft).
- Rented since May 2014 on 10 Ejari contracts. The rent fell from AED 101,200 to AED 68,308 in 2020 and recovered to AED 120,000 by April 2025.
- At AED 120,000 a year the gross yield on the 2012 price is 8.7%, before a service charge of about AED 21,600 a year (AED 16.30 per sqft).
- Two-beds in Scala Tower (Al Madar Tower) sold for AED 1,610,550–2,050,000 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 17 April 2025.
Questions about 703, Scala Tower (Al Madar Tower)
What did unit 703 last sell for?
AED 1,383,423 on 8 January 2012: AED 1,042 per sqft for 1,327 sqft. The unit has 2 registered sales; the first was AED 1,383,423 in May 2009.
What is the rent for unit 703?
AED 120,000 a year on the contract renewed on 17 April 2025. The previous contract, from April 2025, was AED 120,000; the unit has been rented since May 2014.
How big is unit 703?
1,327 sqft (123.3 sqm): a two-bedroom apartment on the 7th floor of a 21-storey tower completed in 2010.
What is unit 703 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 1,610,550 to 2,050,000 in the last 12 months, around AED 1,441 per sqft.
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Mortgage on 703, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 1.38M, 8 January 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,383,423
- Deposit, UAE resident (20%)
- AED 276,685
- Deposit, non-resident (40%)
- AED 553,369
- Monthly over 25 years at 3.7%
- AED 5,660
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →