709, Scala Tower (Al Madar Tower)
Sold prices and rental history: sold 4 times, last in February 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 709, Scala Tower (Al Madar Tower)
What is 709 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 13 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 484 sqft
- Floor
- 7th of 21
- Parking
- B2-65
- Developer
- Al Madar Investment
- Completed
- 2010
- Service charge
- AED 7,900 /yr
- Last sold
- AED 560K · February 2024
- Building
- Scala Tower (Al Madar Tower)
About 709, Scala Tower (Al Madar Tower)
709 is a studio of 484 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 13 February 2024 for AED 560,000, or AED 1,156 per sqft, in line with the AED 1,181 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 6 January 2023, is AED 45,000 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 7,900 a year.
Sales and rents for 709 over time
709 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 709 sits
All 20 studios →709 last sold in February 2024 at AED 1,156 per sqft, in line with what studios in Scala Tower (Al Madar Tower) were fetching at the time (AED 1,181). 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. 709'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 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 | |
| 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 | 70,000 /yr | |
| 708 | Studio | 482 sqft | AED 740KAED 740,000 · May 2014May 2014 | 63,600 /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 |
709, Scala Tower (Al Madar Tower) in numbers
- Sold 4 times: first on 27 May 2009 for AED 553,761, last on 13 February 2024 for AED 560,000 (AED 1,156 per sqft).
- Rented since July 2014 on 6 Ejari contracts. The rent fell from AED 65,000 to AED 39,300 in 2021 and recovered to AED 45,000 by January 2023.
- At AED 45,000 a year the gross yield on the 2024 price is 8.0%, 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 13 February 2024.
Questions about 709, Scala Tower (Al Madar Tower)
What did unit 709 last sell for?
AED 560,000 on 13 February 2024: AED 1,156 per sqft for 484 sqft. The unit has 4 registered sales; the first was AED 553,761 in May 2009.
What is the rent for unit 709?
AED 45,000 a year on the contract signed on 6 January 2023. The previous contract, from September 2021, was AED 39,300; the unit has been rented since July 2014.
How big is unit 709?
484 sqft (45.0 sqm): a studio on the 7th floor of a 21-storey tower completed in 2010.
What is unit 709 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.
Selling 709? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 709, Scala Tower (Al Madar Tower)
Starts from the last sale price (AED 560K, 13 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 560,000
- Deposit, UAE resident (20%)
- AED 112,000
- Deposit, non-resident (40%)
- AED 224,000
- Monthly over 25 years at 3.7%
- AED 2,291
Plus AED 28,530 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →