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1-bed · 667 sqftThe Pad Tower, Business Bay · 16th floor · completed 2020

1602, The Pad Tower

Sold prices and rental history: sold twice, last in March 2016, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 23 July 2025
Last soldAED 1.44M17 March 2016
Current rentAED 90K /yr23 July 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, The Pad Tower

What is 1602 worth today?

Last sold for AED 1,444,091 in 2016

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23 Jul 2025RentedNew contract
AED 90,000/yr12 months · AED 135 per sqft
3 Oct 2023RentedRenewal
AED 91,350/yr6 months · AED 139 per sqft
3 Oct 2023RentedRenewal
AED 87,000/yr6 months · AED 130 per sqft
3 Oct 2022RentedNew contract
AED 87,000/yr12 months · AED 130 per sqft
17 Mar 2016SoldOff-plan
AED 1,444,091AED 2,165 per sqft
1 Jun 2009Sold by developerOff-plan
AED 1,444,091AED 2,165 per sqft

Source: Dubai Land Department. Updated 23 July 2025.

Key facts

Type
1-bed apartment
Size
667 sqft
Floor
16th of 22
Parking
B2-52
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 12,100 /yr
Last sold
AED 1.44M · March 2016
Building
The Pad Tower

About 1602, The Pad Tower

1602 is a one-bedroom apartment of 667 sqft on the 16th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 17 March 2016 for AED 1,444,091, or AED 2,165 per sqft.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 23 July 2025, is AED 90,000 a year: a gross yield of 6.2% on the 2016 price, before the service charge of about AED 12,100 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, 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, June 2009: AED 1,444,091 (AED 2,165 per sqft)Sold, March 2016: AED 1,444,091 (AED 2,165 per sqft)

1602 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1602, 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 87,000 a yearRenewal, October 2023: AED 91,350 a yearRenewal, October 2023: AED 87,000 a yearNew contract, July 2025: 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 1602 sits

All 200 1-beds →

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. 1602'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 16th floor

All 242 units in The Pad Tower
Value
16012-bedAED 3.29M · May 2023
16031-bedAED 1.65M · Nov 2025
16041-bedAED 1.23M · Mar 2023
16051-bedAED 1.05M · Oct 2021
16061-bedAED 483K · Jul 2021
16071-bedAED 1.2M · Aug 2022
16081-bedAED 1M · Aug 2022
1–7 of 10

1602, The Pad Tower in numbers

  • Sold twice: first on 1 June 2009 for AED 1,444,091, last on 17 March 2016 for AED 1,444,091 (AED 2,165 per sqft).
  • Rented since October 2022 on 4 Ejari contracts, from AED 87,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2016 price is 6.2%, before a service charge of about AED 12,100 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 23 July 2025.

Questions about 1602, The Pad Tower

What did unit 1602 last sell for?

AED 1,444,091 on 17 March 2016: AED 2,165 per sqft for 667 sqft. The unit has 2 registered sales; the first was AED 1,444,091 in June 2009.

What is the rent for unit 1602?

AED 90,000 a year on the contract signed on 23 July 2025. The previous contract, from October 2023, was AED 91,350; the unit has been rented since October 2022.

How big is unit 1602?

667 sqft (62.0 sqm): a one-bedroom apartment on the 16th floor of a 22-storey tower completed in 2020.

What is unit 1602 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 1602, The Pad Tower

Starts from the last sale price (AED 1.44M, 17 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,444,091
Deposit, UAE resident (20%)
AED 288,818
Deposit, non-resident (40%)
AED 577,636
Monthly over 25 years at 3.7%
AED 5,908

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