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1-bed · 653 sqftThe Pad Tower, Business Bay · 15th floor · completed 2020

1505, The Pad Tower

Sold prices and rental history: sold twice, last in February 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1505 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 1.57M1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1505, The Pad Tower

What is 1505 worth today?

Last sold for AED 1,568,345 in 2023

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1 Feb 2023SoldReady
AED 1,568,345AED 2,399 per sqft
7 Oct 2022Sold by developerReady
AED 783,600AED 1,199 per sqft

Source: Dubai Land Department. Updated 1 February 2023.

Key facts

Type
1-bed apartment
Size
653 sqft
Floor
15th of 22
Parking
B3-19
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 11,900 /yr
Last sold
AED 1.57M · February 2023
Building
The Pad Tower

About 1505, The Pad Tower

1505 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. It last sold on 1 February 2023 for AED 1,568,345, or AED 2,399 per sqft, 65% above the AED 1,454 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1505 over time

Sales
Unit 1505, 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 2022: AED 783,600 (AED 1,199 per sqft)Sold, February 2023: AED 1,568,345 (AED 2,399 per sqft)

1505 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1505, 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 90,000

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 1505 sits

All 200 1-beds →

1505 last sold in February 2023 at AED 2,399 per sqft, 65% above what one-beds in The Pad Tower were fetching at the time (AED 1,454). 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.

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 15th floor

All 242 units in The Pad Tower
Value
15012-bedAED 3.29M · May 2023
15021-bedAED 21K · Aug 2026
15031-bedAED 1.85M · Jun 2009
15041-bedAED 1.61M · Jun 2016
15061-bedAED 1.5M · Feb 2025
15071-bedAED 1.45M · Jun 2009
15081-bedAED 1.3M · Nov 2024
1–7 of 10

1505, The Pad Tower in numbers

  • Sold twice: first on 7 October 2022 for AED 783,600, last on 1 February 2023 for AED 1,568,345 (AED 2,399 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 1 February 2023.

Questions about 1505, The Pad Tower

What did unit 1505 last sell for?

AED 1,568,345 on 1 February 2023: AED 2,399 per sqft for 653 sqft. The unit has 2 registered sales; the first was AED 783,600 in October 2022.

How big is unit 1505?

653 sqft (60.7 sqm): a one-bedroom apartment on the 15th floor of a 22-storey tower completed in 2020.

What is unit 1505 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 1505, The Pad Tower

Starts from the last sale price (AED 1.57M, 1 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,568,345
Deposit, UAE resident (20%)
AED 313,669
Deposit, non-resident (40%)
AED 627,338
Monthly over 25 years at 3.7%
AED 6,417

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