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: YallaValue analysis of Dubai Land Department records. 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 8 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 32 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 2,050,000, around AED 1,609 per sqft, and rent for AED 115,000 to 125,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Feb 20266 February 2026 | 1,274 sqft | 2,050,000 | 1,609 | ||
| 30 Jul 202530 July 2025 | 1,266 sqft | 1,962,000 | 1,549 | ||
| 18 Jun 202518 June 2025 | 1,266 sqft | 1,750,000 | 1,382 | ||
| 28 May 202528 May 2025 | 1,266 sqft | 1,750,000 | 1,382 |
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 7th floor
All 176 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 | 70,000 /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 | 45,000 /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 8 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 2,050,000–2,050,000 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 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 2024, 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 2,050,000 to 2,050,000 in the last 12 months, around AED 1,609 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 AED 63,114 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →