2-bed · 1,217 sqftThe Pad Tower, Business Bay · 7th floor · completed 2020

701, The Pad Tower

Sold prices and rental history: sold once, by the developer in June 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 1 June 2009
Last soldAED 3.35M1 June 2009
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, The Pad Tower

What is 701 worth today?

Last sold for AED 3,345,557 in 2009

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1 Jun 2009Sold by developerOff-plan
AED 3,345,557AED 2,749 per sqft

Source: Dubai Land Department. Updated 1 June 2009.

Key facts

Type
2-bed apartment
Size
1,217 sqft
Floor
7th of 22
Parking
B3-100
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 22,100 /yr
Last sold
AED 3.35M · June 2009

About 701, The Pad Tower

701 is a two-bedroom apartment of 1,217 sqft on the 7th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. The developer sold it on 1 June 2009 for AED 3,345,557, or AED 2,749 per sqft, 10% above the AED 2,508 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in The Pad Tower
2M3M2009201420192024Typical sale price by year: 2009 AED 3,050,495; 2016 AED 3,465,153; 2017 AED 2,842,165; 2018 AED 2,577,589; 2021 AED 1,597,500; 2022 AED 1,850,000; 2023 AED 2,075,000; 2024 AED 2,616,015; 2025 AED 2,710,000Sold by developer, June 2009: AED 3,345,557 (AED 2,749 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in The Pad Tower
125K150K175K2021202320252027Typical rent by year: 2021 AED 120,000; 2022 AED 132,500; 2023 AED 150,000; 2024 AED 165,000; 2025 AED 175,000; 2026 AED 165,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Pad Tower, and where 701 sits

All 50 2-beds →

701 last sold in June 2009 at AED 2,749 per sqft, 10% above what two-beds in The Pad Tower were fetching at the time (AED 2,508). Over the last 12 months two-beds sold for AED 1,100,000 to 3,414,300, around AED 2,371 per sqft, and rent for AED 129,651 to 195,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Sep 20263,414,300
22 Apr 20261,100,000
22 Dec 20252,950,740
9 Dec 20252,300,000
4 2-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 7th floor

All 242 units in The Pad Tower
Value
7021-bedAED 765K · Mar 2021
7031-bedAED 700K · Dec 2019
7041-bedAED 1.62M · Apr 2025
7051-bedAED 1.47M · Jun 2009
7061-bedAED 1.13M · Aug 2022
7071-bedAED 1.36M · Jun 2009
7081-bedAED 1.41M · Mar 2023
1–7 of 10

701, The Pad Tower in numbers

  • Sold once: by Pad Properties Nine on 1 June 2009 for AED 3,345,557, or AED 2,749 per sqft.
  • Two-beds in The Pad Tower sold for AED 1,100,000–3,414,300 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 June 2009.

Questions about 701, The Pad Tower

What did unit 701 last sell for?

AED 3,345,557 on 1 June 2009, sold by the developer: AED 2,749 per sqft for 1,217 sqft. It is the only registered sale of the unit.

How big is unit 701?

1,217 sqft (113.1 sqm): a two-bedroom apartment on the 7th floor of a 22-storey tower completed in 2020.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Pad Tower sold for AED 1,100,000 to 3,414,300 in the last 12 months, around AED 2,371 per sqft.

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Mortgage on 701, The Pad Tower

Starts from the last sale price (AED 3.35M, 1 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 3,345,557
Deposit, UAE resident (20%)
AED 669,111
Deposit, non-resident (40%)
AED 1,338,223
Monthly over 25 years at 3.7%
AED 13,688

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