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1-bed · 653 sqftThe Pad Tower, Business Bay · 5th floor · completed 2020

504, The Pad Tower

Sold prices and rental history: sold twice, last in July 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 28 July 2021
Last soldAED 800K28 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 504, The Pad Tower

What is 504 worth today?

Last sold for AED 800,000 in 2021

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28 Jul 2021SoldReady
AED 800,000AED 1,224 per sqft
1 Jun 2009Sold by developerOff-plan
AED 1,423,963AED 2,179 per sqft

Source: Dubai Land Department. Updated 28 July 2021.

Key facts

Type
1-bed apartment
Size
653 sqft
Floor
5th of 22
Parking
B3-25
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 11,900 /yr
Last sold
AED 800K · July 2021
Building
The Pad Tower

About 504, The Pad Tower

504 is a one-bedroom apartment of 653 sqft on the 5th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 28 July 2021 for AED 800,000, or AED 1,224 per sqft, in line with the AED 1,209 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 504 over time

Sales
Unit 504, 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 1,423,963 (AED 2,179 per sqft)Sold, July 2021: AED 800,000 (AED 1,224 per sqft)

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

Rents
Unit 504, 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 90,000

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 504 sits

All 200 1-beds →

504 last sold in July 2021 at AED 1,224 per sqft, in line with 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.

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 5th floor

All 242 units in The Pad Tower
Value
5012-bedAED 1.73M · Jun 2022
5021-bedAED 800K · Feb 2022
5031-bedAED 1.86M · Jun 2023
5051-bedAED 1M · Aug 2022
5061-bedAED 800K · Nov 2021
5071-bedAED 800K · Mar 2022
5081-bedAED 830K · Jan 2022
1–7 of 10

504, The Pad Tower in numbers

  • Sold twice: first on 1 June 2009 for AED 1,423,963, last on 28 July 2021 for AED 800,000 (AED 1,224 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 July 2021.

Questions about 504, The Pad Tower

What did unit 504 last sell for?

AED 800,000 on 28 July 2021: AED 1,224 per sqft for 653 sqft. The unit has 2 registered sales; the first was AED 1,423,963 in June 2009.

How big is unit 504?

653 sqft (60.7 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2020.

What is unit 504 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 504, The Pad Tower

Starts from the last sale price (AED 800K, 28 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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