708, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 3 times, last in May 2014, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 708, Scala Tower (Al Madar Tower)
What is 708 worth today?
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Source: Dubai Land Department. Updated 1 November 2019.
Key facts
- Type
- Studio apartment
- Size
- 482 sqft
- Floor
- 7th of 21
- Parking
- B2-64
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 7,900 /yr
- Last sold
- AED 740K · May 2014
- Building
- Scala Tower (Al Madar Tower)
About 708, Scala Tower (Al Madar Tower)
708 is a studio of 482 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 28 May 2014 for AED 740,000, or AED 1,535 per sqft, 32% above the AED 1,160 studios in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 November 2019, is AED 63,600 a year: a gross yield of 8.6% on the 2014 price, before the service charge of about AED 7,900 a year.
Sales and rents for 708 over time
708 has sold 3 times; 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 708 sits
All 20 studios →708 last sold in May 2014 at AED 1,535 per sqft, 32% above what studios in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,160). 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. 708's AED 63,600 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 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 | |
| 703 | 2-bed | 1,327 sqft | AED 1.38MAED 1,383,423 · Jan 2012January 2012 | 120,000 /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 | |
| 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 |
708, Scala Tower (Al Madar Tower) in numbers
- Sold 3 times: first on 24 May 2009 for AED 519,769, last on 28 May 2014 for AED 740,000 (AED 1,535 per sqft).
- Rented since September 2018 on 3 Ejari contracts, from AED 60,000 to AED 63,600 a year.
- At AED 63,600 a year the gross yield on the 2014 price is 8.6%, before a service charge of about AED 7,900 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 1 November 2019.
Questions about 708, Scala Tower (Al Madar Tower)
What did unit 708 last sell for?
AED 740,000 on 28 May 2014: AED 1,535 per sqft for 482 sqft. The unit has 3 registered sales; the first was AED 519,769 in May 2009.
What is the rent for unit 708?
AED 63,600 a year on the contract signed on 1 November 2019. The previous contract, from November 2018, was AED 60,000; the unit has been rented since September 2018.
How big is unit 708?
482 sqft (44.8 sqm): a studio on the 7th floor of a 21-storey tower completed in 2010.
What is unit 708 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 708, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 740K, 28 May 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 740,000
- Deposit, UAE resident (20%)
- AED 148,000
- Deposit, non-resident (40%)
- AED 296,000
- Monthly over 25 years at 3.7%
- AED 3,028
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →