511, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 3 times, last in November 2013, 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 511, Scala Tower (Al Madar Tower)
What is 511 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 17 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 398 sqft
- Floor
- 5th of 21
- Parking
- B2-58
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 6,500 /yr
- Last sold
- AED 750K · November 2013
- Building
- Scala Tower (Al Madar Tower)
About 511, Scala Tower (Al Madar Tower)
511 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 19 November 2013 for AED 750,000, or AED 1,884 per sqft, 61% above the AED 1,167 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 17 February 2024, is AED 45,000 a year: a gross yield of 6.0% on the 2013 price, before the service charge of about AED 6,500 a year.
Sales and rents for 511 over time
511 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 511 sits
All 20 studios →511 last sold in November 2013 at AED 1,884 per sqft, 61% above what studios in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,167). 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. 511's AED 45,000 is at the bottom 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 | |
| 508 | Studio | 482 sqft | AED 525KAED 525,000 · Oct 2024October 2024 | 52,500 /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 | |
| 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 |
511, Scala Tower (Al Madar Tower) in numbers
- Sold 3 times: first on 14 July 2010 for AED 615,000, last on 19 November 2013 for AED 750,000 (AED 1,884 per sqft).
- Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 65,000 to AED 28,000 in 2020 and recovered to AED 45,000 by February 2024.
- At AED 45,000 a year the gross yield on the 2013 price is 6.0%, 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 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 17 February 2024.
Questions about 511, Scala Tower (Al Madar Tower)
What did unit 511 last sell for?
AED 750,000 on 19 November 2013: AED 1,884 per sqft for 398 sqft. The unit has 3 registered sales; the first was AED 615,000 in July 2010.
What is the rent for unit 511?
AED 45,000 a year on the contract renewed on 17 February 2024. The previous contract, from February 2023, was AED 45,000; the unit has been rented since May 2014.
How big is unit 511?
398 sqft (37.0 sqm): a studio on the 5th floor of a 21-storey tower completed in 2010.
What is unit 511 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 511, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 750K, 19 November 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus AED 36,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →