508, The Pad Tower
Sold prices and rental history: sold twice, last in January 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, The Pad Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 1 September 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 640 sqft
- Floor
- 5th of 22
- Parking
- B3-06
- Developer
- Pad Properties Nine
- Completed
- 2020
- Service charge
- AED 11,600 /yr
- Last sold
- AED 830K · January 2022
- Building
- The Pad Tower
About 508, The Pad Tower
508 is a one-bedroom apartment of 640 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 3 January 2022 for AED 830,000, or AED 1,297 per sqft, 4% above the AED 1,250 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 September 2023, is AED 85,000 a year: a gross yield of 10.2% on the 2022 price, before the service charge of about AED 11,600 a year.
Sales and rents for 508 over time
508 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 508 sits
All 200 1-beds →508 last sold in January 2022 at AED 1,297 per sqft, 4% above what one-beds in The Pad Tower were fetching at the time (AED 1,250). 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. 508's AED 85,000 is in the lower half 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 5th floor
All 242 units in The Pad Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,217 sqft | AED 1.73MAED 1,730,000 · Jun 2022June 2022 | 135,000 /yr | |
| 502 | 1-bed | 667 sqft | AED 800KAED 800,000 · Feb 2022February 2022 | 80,000 /yr | |
| 503 | 1-bed | 653 sqft | AED 1.86MAED 1,858,000 · Jun 2023June 2023 | ||
| 504 | 1-bed | 653 sqft | AED 800KAED 800,000 · Jul 2021July 2021 | ||
| 505 | 1-bed | 653 sqft | AED 1MAED 1,000,000 · Aug 2022August 2022 | 100,000 /yr | |
| 506 | 1-bed | 648 sqft | AED 800KAED 800,000 · Nov 2021November 2021 | 105,000 /yr | |
| 507 | 1-bed | 667 sqft | AED 800KAED 800,000 · Mar 2022March 2022 | 80,000 /yr | |
| 509 | 1-bed | 654 sqft | AED 1.38MAED 1,380,000 · Dec 2025December 2025 | 88,000 /yr | |
| 510 | 1-bed | 663 sqft | AED 838KAED 837,500 · Dec 2021December 2021 | 76,000 /yr | |
| 511 | 2-bed | 1,216 sqft | AED 2.67MAED 2,670,000 · Apr 2025April 2025 | 90,000 /yr |
508, The Pad Tower in numbers
- Sold twice: first on 1 June 2009 for AED 1,422,631, last on 3 January 2022 for AED 830,000 (AED 1,297 per sqft).
- Rented since September 2021 on 3 Ejari contracts, from AED 58,000 to AED 85,000 a year.
- At AED 85,000 a year the gross yield on the 2022 price is 10.2%, 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 1 September 2023.
Questions about 508, The Pad Tower
What did unit 508 last sell for?
AED 830,000 on 3 January 2022: AED 1,297 per sqft for 640 sqft. The unit has 2 registered sales; the first was AED 1,422,631 in June 2009.
What is the rent for unit 508?
AED 85,000 a year on the contract signed on 1 September 2023. The previous contract, from September 2022, was AED 65,000; the unit has been rented since September 2021.
How big is unit 508?
640 sqft (59.5 sqm): a one-bedroom apartment on the 5th floor of a 22-storey tower completed in 2020.
What is unit 508 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 508, The Pad Tower
Starts from the last sale price (AED 830K, 3 January 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 830,000
- Deposit, UAE resident (20%)
- AED 166,000
- Deposit, non-resident (40%)
- AED 332,000
- Monthly over 25 years at 3.7%
- AED 3,396
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →