508, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 4 times, last in October 2024, 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 508, Scala Tower (Al Madar Tower)
What is 508 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 6 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 482 sqft
- Floor
- 5th of 21
- Parking
- B2-55
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 7,900 /yr
- Last sold
- AED 525K · October 2024
- Building
- Scala Tower (Al Madar Tower)
About 508, Scala Tower (Al Madar Tower)
508 is a studio of 482 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 17 October 2024 for AED 525,000, or AED 1,089 per sqft, 11% below the AED 1,226 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 6 June 2025, is AED 52,500 a year: a gross yield of 10.0% on the 2024 price, before the service charge of about AED 7,900 a year.
Sales and rents for 508 over time
508 has sold 4 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 508 sits
All 20 studios →508 last sold in October 2024 at AED 1,089 per sqft, 11% below what studios in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,226). 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. 508's AED 52,500 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 5th floor
All 176 units in Scala Tower (Al Madar Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 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 | 110,000 /yr | |
| 504 | 1-bed | 978 sqft | AED 1.05MAED 1,050,000 · Mar 2023March 2023 | 80,000 /yr | |
| 505 | 1-bed | 959 sqft | AED 730KAED 730,000 · Jun 2022June 2022 | 72,765 /yr | |
| 506 | Studio | 398 sqft | AED 595KAED 595,000 · Dec 2012December 2012 | 46,200 /yr | |
| 507 | 1-bed | 743 sqft | AED 900KAED 900,000 · Feb 2017February 2017 | 72,000 /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 | 70,000 /yr | |
| 511 | Studio | 398 sqft | AED 750KAED 750,000 · Nov 2013November 2013 | 45,000 /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 |
508, Scala Tower (Al Madar Tower) in numbers
- Sold 4 times: first on 23 May 2009 for AED 695,000, last on 17 October 2024 for AED 525,000 (AED 1,089 per sqft).
- Rented since November 2014 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 32,500 in 2021 and recovered to AED 52,500 by June 2025.
- At AED 52,500 a year the gross yield on the 2024 price is 10.0%, 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 6 June 2025.
Questions about 508, Scala Tower (Al Madar Tower)
What did unit 508 last sell for?
AED 525,000 on 17 October 2024: AED 1,089 per sqft for 482 sqft. The unit has 4 registered sales; the first was AED 695,000 in May 2009.
What is the rent for unit 508?
AED 52,500 a year on the contract renewed on 6 June 2025. The previous contract, from January 2021, was AED 32,500; the unit has been rented since November 2014.
How big is unit 508?
482 sqft (44.8 sqm): a studio on the 5th floor of a 21-storey tower completed in 2010.
What is unit 508 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 508, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 525K, 17 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 525,000
- Deposit, UAE resident (20%)
- AED 105,000
- Deposit, non-resident (40%)
- AED 210,000
- Monthly over 25 years at 3.7%
- AED 2,148
Plus AED 27,060 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →