Home
Dubai prices
About
Research
1-bed · 639 sqftThe Pad Tower, Business Bay · 4th floor · completed 2020

408, The Pad Tower

Sold prices and rental history: sold twice, last in November 2022, and rented once, from February 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 28 February 2026
Last soldAED 1.1M15 November 2022
Current rentAED 100K /yr28 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 408

Property timeline for 408, The Pad Tower

What is 408 worth today?

Last sold for AED 1,100,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

28 Feb 2026RentedNew contract
AED 100,000/yr12 months · AED 157 per sqft
15 Nov 2022SoldReady
AED 1,100,000AED 1,720 per sqft
1 Jun 2009Sold by developerOff-plan
AED 1,373,433AED 2,148 per sqft

Source: Dubai Land Department. Updated 28 February 2026.

Key facts

Type
1-bed apartment
Size
639 sqft
Floor
4th of 22
Parking
B3-64
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 11,600 /yr
Last sold
AED 1.1M · November 2022
Building
The Pad Tower

About 408, The Pad Tower

408 is a one-bedroom apartment of 639 sqft on the 4th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 15 November 2022 for AED 1,100,000, or AED 1,720 per sqft, 23% above the AED 1,400 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 28 February 2026. The current contract, signed on 28 February 2026, is AED 100,000 a year: a gross yield of 9.1% on the 2022 price, before the service charge of about AED 11,600 a year.

Sales and rents for 408 over time

Sales
Unit 408, 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 1,373,433 (AED 2,148 per sqft)Sold, November 2022: AED 1,100,000 (AED 1,720 per sqft)

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

Rents
Unit 408, 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, February 2026: AED 100,000 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 408 sits

All 200 1-beds →

408 last sold in November 2022 at AED 1,720 per sqft, 23% 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. 408's AED 100,000 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 4th floor

All 242 units in The Pad Tower
Value
4012-bedAED 2.62M · Oct 2024
4021-bedAED 2.89M · Jun 2009
4031-bedAED 1.37M · Sep 2022
4041-bedAED 1.59M · Feb 2026
4051-bedAED 1.2M · Aug 2022
4061-bedAED 1.42M · Jun 2023
4071-bedAED 1.8M · Nov 2025
1–7 of 10

408, The Pad Tower in numbers

  • Sold twice: first on 1 June 2009 for AED 1,373,433, last on 15 November 2022 for AED 1,100,000 (AED 1,720 per sqft).
  • Rented since February 2026 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 9.1%, before a service charge of about AED 11,600 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 28 February 2026.

Questions about 408, The Pad Tower

What did unit 408 last sell for?

AED 1,100,000 on 15 November 2022: AED 1,720 per sqft for 639 sqft. The unit has 2 registered sales; the first was AED 1,373,433 in June 2009.

What is the rent for unit 408?

AED 100,000 a year on the contract signed on 28 February 2026.

How big is unit 408?

639 sqft (59.4 sqm): a one-bedroom apartment on the 4th floor of a 22-storey tower completed in 2020.

What is unit 408 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.

Selling 408? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 408, The Pad Tower

Starts from the last sale price (AED 1.1M, 15 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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