1-bed · 1,047 sqftThe Pad Tower, Business Bay · 21st floor · completed 2020

2108, The Pad Tower

Sold prices and rental history: sold once, by the developer in October 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2108 · DLD and Ejari recordsUpdated 3 January 2024
Last soldAED 2.09M11 October 2022
Current rentAED 120K /yr3 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2108, The Pad Tower

What is 2108 worth today?

Last sold for AED 2,094,226 in 2022

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3 Jan 2024RentedRenewal
AED 120,000/yr12 months · AED 115 per sqft
3 Jan 2023RentedNew contract
AED 120,000/yr12 months · AED 115 per sqft
11 Oct 2022Sold by developerReady
AED 2,094,226AED 1,999 per sqft

Source: Dubai Land Department. Updated 3 January 2024.

Key facts

Type
1-bed apartment
Size
1,047 sqft
Floor
21st of 22
Parking
B2-109
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 19,000 /yr
Last sold
AED 2.09M · October 2022

About 2108, The Pad Tower

2108 is a one-bedroom apartment of 1,047 sqft on the 21st floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. The developer sold it on 11 October 2022 for AED 2,094,226, or AED 1,999 per sqft, 43% above the AED 1,400 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 3 January 2024, is AED 120,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 19,000 a year.

Sales and rents for 2108 over time

Sales
Unit 2108, each saleTypical one-bed in The Pad Tower
1M2M2009201420192024Typical 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 2,094,226 (AED 1,999 per sqft)

2108 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2108, each contractTypical one-bed in The Pad Tower
75K100K125K2021202320252027Typical 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, January 2023: AED 120,000 a yearRenewal, January 2024: AED 120,000 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 2108 sits

All 200 1-beds →

2108 last sold in October 2022 at AED 1,999 per sqft, 43% above what one-beds in The Pad Tower were fetching at the time (AED 1,400). 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. 2108's AED 120,000 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 21st floor

All 242 units in The Pad Tower
Value
21012-bedAED 8.52M · Jun 2009
21021-bedAED 2.1M · Dec 2023
21031-bedAED 1.6M · Jun 2022
21042-bedAED 3.45M · Oct 2024
21051-bedAED 1.56M · Feb 2023
21061-bedAED 3.93M · Jun 2009
21072-bedAED 3.74M · Oct 2020
1–7 of 10

2108, The Pad Tower in numbers

  • Sold once: by Pad Properties Nine on 11 October 2022 for AED 2,094,226, or AED 1,999 per sqft.
  • Rented since January 2023 on 2 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2022 price is 5.7%, before a service charge of about AED 19,000 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 3 January 2024.

Questions about 2108, The Pad Tower

What did unit 2108 last sell for?

AED 2,094,226 on 11 October 2022, sold by the developer: AED 1,999 per sqft for 1,047 sqft. It is the only registered sale of the unit.

What is the rent for unit 2108?

AED 120,000 a year on the contract renewed on 3 January 2024. The previous contract, from January 2023, was AED 120,000.

How big is unit 2108?

1,047 sqft (97.3 sqm): a one-bedroom apartment on the 21st floor of a 22-storey tower completed in 2020.

What is unit 2108 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 2108, The Pad Tower

Starts from the last sale price (AED 2.09M, 11 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,094,226
Deposit, UAE resident (20%)
AED 418,845
Deposit, non-resident (40%)
AED 837,690
Monthly over 25 years at 3.7%
AED 8,568

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