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1-bed · 520 sqftThe Pad Tower, Business Bay · 14th floor · completed 2020

1408, The Pad Tower

Sold prices and rental history: sold twice, last in November 2023, and rented once, from October 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1408 · DLD and Ejari recordsUpdated 2 November 2023
Last soldAED 1.32M2 November 2023
Current rentAED 90K /yr25 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1408, The Pad Tower

What is 1408 worth today?

Last sold for AED 1,320,000 in 2023

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2 Nov 2023SoldReady
AED 1,320,000AED 2,538 per sqft
25 Oct 2022RentedNew contract
AED 90,000/yr12 months · AED 174 per sqft
24 Oct 2017Sold by developerOff-plan
AED 1,204,740AED 2,316 per sqft

Source: Dubai Land Department. Updated 2 November 2023.

Key facts

Type
1-bed apartment
Size
520 sqft
Floor
14th of 22
Parking
B3-09
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 9,400 /yr
Last sold
AED 1.32M · November 2023
Building
The Pad Tower

About 1408, The Pad Tower

1408 is a one-bedroom apartment of 520 sqft on the 14th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 2 November 2023 for AED 1,320,000, or AED 2,538 per sqft, 35% above the AED 1,874 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 October 2022. The current contract, signed on 25 October 2022, is AED 90,000 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 9,400 a year.

Sales and rents for 1408 over time

Sales
Unit 1408, each saleTypical one-bed in The Pad Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,432,072; 2014 AED 1,645,984; 2016 AED 1,504,800; 2017 AED 1,204,471; 2018 AED 1,372,413; 2019 AED 1,392,192; 2021 AED 800,000; 2022 AED 975,000; 2023 AED 1,400,000; 2024 AED 1,410,000; 2025 AED 1,540,000; 2026 AED 1,520,000Sold by developer, October 2017: AED 1,204,740 (AED 2,316 per sqft)Sold, November 2023: AED 1,320,000 (AED 2,538 per sqft)

1408 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1408, each contractTypical one-bed in The Pad Tower
60K80K100K2021202320252027Typical rent by year: 2021 AED 65,000; 2022 AED 81,500; 2023 AED 90,000; 2024 AED 100,000; 2025 AED 100,000; 2026 AED 90,000New contract, October 2022: AED 90,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Pad Tower, and where 1408 sits

All 200 1-beds →

1408 last sold in November 2023 at AED 2,538 per sqft, 35% above what one-beds in The Pad Tower were fetching at the time (AED 1,874). Over the last 12 months one-beds sold for AED 1,350,000 to 2,550,000, around AED 2,387 per sqft, and rent for AED 60,000 to 160,000 a year. 1408's AED 90,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
1 Sep 20261,440,000
13 Aug 20261,450,000
6 Aug 202620,824
29 Jul 20263,418
25 1-bed sales in the last 12 months

The Pad Tower

Building

242 apartments, 1-bed to 3-bed over 22 floors in Business Bay, completed in 2020 by Pad Properties Nine. 29 sold in the last 12 months.

Typical price per sqft
AED 2,387 Up 4.5%
Typical sale
AED 1.56M
Typical rent
AED 95K /yr
Typical yield
5.8%
The Pad Tower, Business Bay: prices, sales and rents →

Other units on the 14th floor

All 242 units in The Pad Tower
Value
14012-bedAED 1.52M · Oct 2021
14021-bedAED 1.44M · Jun 2009
14031-bedAED 1.5M · Oct 2024
14041-bedAED 1.47M · Jun 2009
14051-bedAED 1.5M · Dec 2024
14061-bedAED 1.3M · Oct 2023
14071-bedAED 1.25M · Jun 2009
1–7 of 10

1408, The Pad Tower in numbers

  • Sold twice: first on 24 October 2017 for AED 1,204,740, last on 2 November 2023 for AED 1,320,000 (AED 2,538 per sqft).
  • Rented since October 2022 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 9,400 a year (AED 18.16 per sqft).
  • One-beds in The Pad Tower sold for AED 1,350,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 2,387 per sqft.

Source: Dubai Land Department. Updated 2 November 2023.

Questions about 1408, The Pad Tower

What did unit 1408 last sell for?

AED 1,320,000 on 2 November 2023: AED 2,538 per sqft for 520 sqft. The unit has 2 registered sales; the first was AED 1,204,740 in October 2017.

What is the rent for unit 1408?

AED 90,000 a year on the contract signed on 25 October 2022.

How big is unit 1408?

520 sqft (48.3 sqm): a one-bedroom apartment on the 14th floor of a 22-storey tower completed in 2020.

What is unit 1408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Pad Tower sold for AED 1,350,000 to 2,550,000 in the last 12 months, around AED 2,387 per sqft.

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Mortgage on 1408, The Pad Tower

Starts from the last sale price (AED 1.32M, 2 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,320,000
Deposit, UAE resident (20%)
AED 264,000
Deposit, non-resident (40%)
AED 528,000
Monthly over 25 years at 3.7%
AED 5,401

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →