1606, The Pad Tower
Sold prices and rental history: sold twice, last in July 2021, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, The Pad Tower
What is 1606 worth today?
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Source: Dubai Land Department. Updated 15 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 324 sqft
- Floor
- 16th of 22
- Parking
- B2-10
- Developer
- Pad Properties Nine
- Completed
- 2020
- Service charge
- AED 5,900 /yr
- Last sold
- AED 483K · July 2021
- Building
- The Pad Tower
About 1606, The Pad Tower
1606 is a one-bedroom apartment of 324 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 14 July 2021 for AED 482,943, or AED 1,489 per sqft, 23% above the AED 1,209 one-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 15 April 2024, is AED 58,000 a year: a gross yield of 12.0% on the 2021 price, before the service charge of about AED 5,900 a year.
Sales and rents for 1606 over time
1606 has sold twice; 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 1606 sits
All 200 1-beds →1606 last sold in July 2021 at AED 1,489 per sqft, 23% above what one-beds in The Pad Tower were fetching at the time (AED 1,209). 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. 1606's AED 58,000 is at the bottom 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 16th floor
All 242 units in The Pad Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,217 sqft | AED 3.29MAED 3,292,700 · May 2023May 2023 | ||
| 1602 | 1-bed | 667 sqft | AED 1.44MAED 1,444,091 · Mar 2016March 2016 | 90,000 /yr | |
| 1603 | 1-bed | 653 sqft | AED 1.65MAED 1,654,000 · Nov 2025November 2025 | 110,000 /yr | |
| 1604 | 1-bed | 653 sqft | AED 1.23MAED 1,225,000 · Mar 2023March 2023 | 78,000 /yr | |
| 1605 | 1-bed | 653 sqft | AED 1.05MAED 1,050,000 · Oct 2021October 2021 | 90,000 /yr | |
| 1607 | 1-bed | 667 sqft | AED 1.2MAED 1,200,000 · Aug 2022August 2022 | 93,000 /yr | |
| 1608 | 1-bed | 522 sqft | AED 1MAED 1,000,000 · Aug 2022August 2022 | 84,000 /yr | |
| 1609 | 1-bed | 654 sqft | AED 1.5MAED 1,500,000 · May 2025May 2025 | 80,000 /yr | |
| 1610 | 1-bed | 663 sqft | AED 1.26MAED 1,255,561 · Jun 2009June 2009 | 105,000 /yr | |
| 1611 | 2-bed | 1,216 sqft | AED 3.01MAED 3,011,800 · Jun 2009June 2009 |
1606, The Pad Tower in numbers
- Sold twice: first on 1 June 2009 for AED 1,432,072, last on 14 July 2021 for AED 482,943 (AED 1,489 per sqft).
- Rented since April 2021 on 5 Ejari contracts, from AED 56,000 to AED 58,000 a year.
- At AED 58,000 a year the gross yield on the 2021 price is 12.0%, before a service charge of about AED 5,900 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 15 April 2024.
Questions about 1606, The Pad Tower
What did unit 1606 last sell for?
AED 482,943 on 14 July 2021: AED 1,489 per sqft for 324 sqft. The unit has 2 registered sales; the first was AED 1,432,072 in June 2009.
What is the rent for unit 1606?
AED 58,000 a year on the contract renewed on 15 April 2024. The previous contract, from April 2024, was AED 58,000; the unit has been rented since April 2021.
How big is unit 1606?
324 sqft (30.1 sqm): a one-bedroom apartment on the 16th floor of a 22-storey tower completed in 2020.
What is unit 1606 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 1606, The Pad Tower
Starts from the last sale price (AED 483K, 14 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 482,943
- Deposit, UAE resident (20%)
- AED 96,589
- Deposit, non-resident (40%)
- AED 193,177
- Monthly over 25 years at 3.7%
- AED 1,976
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →