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1-bed · 653 sqftThe Pad Tower, Business Bay · 18th floor · completed 2020

1804, The Pad Tower

Sold prices and rental history: sold 3 times, last in May 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1804 · DLD and Ejari recordsUpdated 30 September 2023
Last soldAED 1.02M11 May 2022
Current rentAED 115K /yr30 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1804, The Pad Tower

What is 1804 worth today?

Last sold for AED 1,015,000 in 2022

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30 Sep 2023RentedNew contract
AED 115,000/yr12 months · AED 178 per sqft
9 Sep 2022RentedNew contract
AED 96,000/yr12 months · AED 147 per sqft
11 May 2022SoldReady
AED 1,015,000AED 1,553 per sqft
9 Feb 2022SoldReady
AED 718,707AED 1,099 per sqft
1 Jun 2009Sold by developerOff-plan
AED 1,431,692AED 2,191 per sqft

Source: Dubai Land Department. Updated 30 September 2023.

Key facts

Type
1-bed apartment
Size
653 sqft
Floor
18th of 22
Parking
B3-79
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 11,900 /yr
Last sold
AED 1.02M · May 2022
Building
The Pad Tower

About 1804, The Pad Tower

1804 is a one-bedroom apartment of 653 sqft on the 18th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 11 May 2022 for AED 1,015,000, or AED 1,553 per sqft, 26% above the AED 1,233 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 30 September 2023, is AED 115,000 a year: a gross yield of 11.3% on the 2022 price, before the service charge of about AED 11,900 a year.

Sales and rents for 1804 over time

Sales
Unit 1804, 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 1,431,692 (AED 2,191 per sqft)Sold, February 2022: AED 718,707 (AED 1,099 per sqft)Sold, May 2022: AED 1,015,000 (AED 1,553 per sqft)

1804 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1804, each contractTypical one-bed in The Pad Tower
75K100K2021202320252027Typical 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, September 2022: AED 96,000 a yearNew contract, September 2023: AED 115,000 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 1804 sits

All 200 1-beds →

1804 last sold in May 2022 at AED 1,553 per sqft, 26% above what one-beds in The Pad Tower were fetching at the time (AED 1,233). 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. 1804's AED 115,000 is in the upper 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 18th floor

All 242 units in The Pad Tower
Value
18012-bedAED 2M · May 2022
18021-bedAED 1.57M · Jun 2024
18031-bedAED 1.05M · Jun 2022
18051-bedAED 1M · Apr 2022
18061-bedAED 1.44M · Sep 2026
18071-bedAED 1.08M · Apr 2022
18081-bedAED 1.37M · Mar 2024
1–7 of 10

1804, The Pad Tower in numbers

  • Sold 3 times: first on 1 June 2009 for AED 1,431,692, last on 11 May 2022 for AED 1,015,000 (AED 1,553 per sqft).
  • Rented since September 2022 on 2 Ejari contracts, from AED 96,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2022 price is 11.3%, 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 30 September 2023.

Questions about 1804, The Pad Tower

What did unit 1804 last sell for?

AED 1,015,000 on 11 May 2022: AED 1,553 per sqft for 653 sqft. The unit has 3 registered sales; the first was AED 1,431,692 in June 2009.

What is the rent for unit 1804?

AED 115,000 a year on the contract signed on 30 September 2023. The previous contract, from September 2022, was AED 96,000.

How big is unit 1804?

653 sqft (60.7 sqm): a one-bedroom apartment on the 18th floor of a 22-storey tower completed in 2020.

What is unit 1804 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 1804, The Pad Tower

Starts from the last sale price (AED 1.02M, 11 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,015,000
Deposit, UAE resident (20%)
AED 203,000
Deposit, non-resident (40%)
AED 406,000
Monthly over 25 years at 3.7%
AED 4,153

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