1504, The Pad Tower
Sold prices and rental history: sold once, by the developer in June 2016, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1504, The Pad Tower
What is 1504 worth today?
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Source: Dubai Land Department. Updated 5 November 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 653 sqft
- Floor
- 15th of 22
- Parking
- B3-18
- Developer
- Pad Properties Nine
- Completed
- 2020
- Service charge
- AED 11,900 /yr
- Last sold
- AED 1.61M · June 2016
- Building
- The Pad Tower
About 1504, The Pad Tower
1504 is a one-bedroom apartment of 653 sqft on the 15th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. The developer sold it on 26 June 2016 for AED 1,607,400, or AED 2,460 per sqft, 14% above the AED 2,165 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 5 November 2023, is AED 115,000 a year: a gross yield of 7.1% on the 2016 price, before the service charge of about AED 11,900 a year.
Sales and rents for 1504 over time
1504 has sold once; the dashed line is the one-bed median of each year in the building.
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 1504 sits
All 200 1-beds →1504 last sold in June 2016 at AED 2,460 per sqft, 14% above what one-beds in The Pad Tower were fetching at the time (AED 2,165). 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. 1504's AED 115,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 648 sqft | 1,440,000 | 2,220 | ||
| 13 Aug 202613 August 2026 | 654 sqft | 1,450,000 | 2,218 | ||
| 6 Aug 20266 August 2026 | 667 sqft | 20,824 | 31 | ||
| 29 Jul 202629 July 2026 | 663 sqft | 3,418 | 5 |
The Pad Tower
Building242 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%
Other units on the 15th floor
All 242 units in The Pad Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,217 sqft | AED 3.29MAED 3,292,700 · May 2023May 2023 | ||
| 1502 | 1-bed | 667 sqft | AED 21KAED 20,824 · Aug 2026August 2026 | 100,000 /yr | |
| 1503 | 1-bed | 653 sqft | AED 1.85MAED 1,846,638 · Jun 2009June 2009 | ||
| 1505 | 1-bed | 653 sqft | AED 1.57MAED 1,568,345 · Feb 2023February 2023 | ||
| 1506 | 1-bed | 648 sqft | AED 1.5MAED 1,500,000 · Feb 2025February 2025 | 100,000 /yr | |
| 1507 | 1-bed | 667 sqft | AED 1.45MAED 1,445,940 · Jun 2009June 2009 | ||
| 1508 | 1-bed | 521 sqft | AED 1.3MAED 1,300,000 · Nov 2024November 2024 | 125,000 /yr | |
| 1509 | 1-bed | 654 sqft | AED 1.58MAED 1,575,000 · Oct 2023October 2023 | 140,000 /yr | |
| 1510 | 1-bed | 663 sqft | AED 700KAED 700,000 · Apr 2023April 2023 | 95,000 /yr | |
| 1511 | 2-bed | 1,216 sqft | AED 2.96MAED 2,964,078 · Feb 2025February 2025 | 146,007 /yr |
1504, The Pad Tower in numbers
- Sold once: by Pad Properties Nine on 26 June 2016 for AED 1,607,400, or AED 2,460 per sqft.
- Rented since September 2021 on 3 Ejari contracts, from AED 63,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2016 price is 7.1%, before a service charge of about AED 11,900 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 5 November 2023.
Questions about 1504, The Pad Tower
What did unit 1504 last sell for?
AED 1,607,400 on 26 June 2016, sold by the developer: AED 2,460 per sqft for 653 sqft. It is the only registered sale of the unit.
What is the rent for unit 1504?
AED 115,000 a year on the contract signed on 5 November 2023. The previous contract, from September 2022, was AED 69,300; the unit has been rented since September 2021.
How big is unit 1504?
653 sqft (60.7 sqm): a one-bedroom apartment on the 15th floor of a 22-storey tower completed in 2020.
What is unit 1504 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 1504, The Pad Tower
Starts from the last sale price (AED 1.61M, 26 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,607,400
- Deposit, UAE resident (20%)
- AED 321,480
- Deposit, non-resident (40%)
- AED 642,960
- Monthly over 25 years at 3.7%
- AED 6,576
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →