408, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold twice, last in April 2025, 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 408, Scala Tower (Al Madar Tower)
What is 408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 April 2025.
Key facts
- Type
- Studio apartment
- Size
- 482 sqft
- Floor
- 4th of 21
- Parking
- P1-06,B1-19,B1-60
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 7,900 /yr
- Last sold
- AED 700K · April 2025
- Building
- Scala Tower (Al Madar Tower)
About 408, Scala Tower (Al Madar Tower)
408 is a studio of 482 sqft on the 4th 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 12 April 2025 for AED 700,000, or AED 1,452 per sqft, in line with the AED 1,459 studios in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 15 December 2023, is AED 83,775 a year: a gross yield of 12.0% on the 2025 price, before the service charge of about AED 7,900 a year.
Sales and rents for 408 over time
408 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 408 sits
All 20 studios →408 last sold in April 2025 at AED 1,452 per sqft, in line with what studios in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,459). Over the last 12 months studios sold for AED 780,000 to 1,000,000, around AED 1,315 per sqft, and rent for AED 50,000 to 120,000 a year. 408's AED 83,775 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Feb 202611 February 2026 | 484 sqft | 780,000 | 1,611 | ||
| 5 Feb 20265 February 2026 | 981 sqft | 1,000,000 | 1,019 | ||
| 10 Jul 202510 July 2025 | 981 sqft | 700,000 | 713 | ||
| 30 Jun 202530 June 2025 | 999 sqft | 700,000 | 700 |
Scala Tower (Al Madar Tower)
Building176 apartments, studios to 2-bed over 21 floors in Business Bay, completed in 2010 by Al Madar Investment. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,606
- Typical sale
- AED 1.2M
- Typical rent
- AED 83K /yr
- Typical yield
- 6.3%
Other units on the 4th floor
All 176 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2,113 sqft | AED 2.16MAED 2,156,000 · Aug 2025August 2025 | 110,000 /yr | ||
| 402 | 1,289 sqft | AED 1.44MAED 1,435,000 · Oct 2025October 2025 | 63,989 /yr | ||
| 404 | 1,450 sqft | AED 1.37MAED 1,370,000 · Aug 2025August 2025 | 65,000 /yr | ||
| 405 | 1,432 sqft | AED 1.42MAED 1,420,000 · Oct 2025October 2025 | |||
| 406 | Studio | 981 sqft | AED 1MAED 1,000,000 · Feb 2026February 2026 | 119,678 /yr | |
| 409 | Studio | 484 sqft | AED 780KAED 780,000 · Feb 2026February 2026 | 56,000 /yr | |
| 410 | 1-bed | 757 sqft | AED 1MAED 1,000,000 · Jul 2025July 2025 | 40,000 /yr | |
| 411 | Studio | 999 sqft | AED 700KAED 700,000 · Jun 2025June 2025 | 120,000 /yr | |
| 412 | 1,473 sqft | AED 1.45MAED 1,450,000 · Sep 2025September 2025 | 150,000 /yr |
408, Scala Tower (Al Madar Tower) in numbers
- Sold twice: first on 9 March 2016 for AED 530,200, last on 12 April 2025 for AED 700,000 (AED 1,452 per sqft).
- Rented since November 2015 on 6 Ejari contracts. The rent fell from AED 50,715 to AED 39,000 in 2021 and recovered to AED 83,775 by December 2023.
- At AED 83,775 a year the gross yield on the 2025 price is 12.0%, 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 780,000–1,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,606 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 12 April 2025.
Questions about 408, Scala Tower (Al Madar Tower)
What did unit 408 last sell for?
AED 700,000 on 12 April 2025: AED 1,452 per sqft for 482 sqft. The unit has 2 registered sales; the first was AED 530,200 in March 2016.
What is the rent for unit 408?
AED 83,775 a year on the contract signed on 15 December 2023. The previous contract, from November 2022, was AED 55,000; the unit has been rented since November 2015.
How big is unit 408?
482 sqft (44.8 sqm): a studio on the 4th floor of a 21-storey tower completed in 2010.
What is unit 408 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 780,000 to 1,000,000 in the last 12 months, around AED 1,315 per sqft.
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Mortgage on 408, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 700K, 12 April 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 700,000
- Deposit, UAE resident (20%)
- AED 140,000
- Deposit, non-resident (40%)
- AED 280,000
- Monthly over 25 years at 3.7%
- AED 2,864
Plus AED 34,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →