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1-bed · 648 sqftThe Pad Tower, Business Bay · 8th floor · completed 2020

808, The Pad Tower

Sold prices and rental history: sold 3 times, last in May 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 808 · DLD and Ejari recordsUpdated 23 March 2023
Last soldAED 1M10 May 2022
Current rentAED 85K /yr23 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 808, The Pad Tower

What is 808 worth today?

Last sold for AED 1,000,000 in 2022

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23 Mar 2023RentedNew contract
AED 85,000/yr12 months · AED 132 per sqft
10 May 2022SoldReady
AED 1,000,000AED 1,543 per sqft
7 Mar 2022RentedNew contract
AED 85,000/yr12 months · AED 132 per sqft
9 Feb 2022SoldReady
AED 777,324AED 1,199 per sqft
1 Jun 2009Sold by developerOff-plan
AED 1,397,922AED 2,158 per sqft

Source: Dubai Land Department. Updated 23 March 2023.

Key facts

Type
1-bed apartment
Size
648 sqft
Floor
8th of 22
Parking
B2-80
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 11,800 /yr
Last sold
AED 1M · May 2022
Building
The Pad Tower

About 808, The Pad Tower

808 is a one-bedroom apartment of 648 sqft on the 8th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 10 May 2022 for AED 1,000,000, or AED 1,543 per sqft, 26% above the AED 1,224 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 23 March 2023, is AED 85,000 a year: a gross yield of 8.5% on the 2022 price, before the service charge of about AED 11,800 a year.

Sales and rents for 808 over time

Sales
Unit 808, 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 1,397,922 (AED 2,158 per sqft)Sold, February 2022: AED 777,324 (AED 1,199 per sqft)Sold, May 2022: AED 1,000,000 (AED 1,543 per sqft)

808 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 808, 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, March 2022: AED 85,000 a yearNew contract, March 2023: AED 85,000 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 808 sits

All 200 1-beds →

808 last sold in May 2022 at AED 1,543 per sqft, 26% above what one-beds in The Pad Tower were fetching at the time (AED 1,224). 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. 808's AED 85,000 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 8th floor

All 242 units in The Pad Tower
Value
8012-bedAED 2M · May 2022
8021-bedAED 1M · Apr 2022
8031-bedAED 1M · Mar 2022
8041-bedAED 1M · Mar 2022
8051-bedAED 1M · Apr 2022
8061-bedAED 1M · Jun 2022
8071-bedAED 1.12M · Sep 2022
1–7 of 10

808, The Pad Tower in numbers

  • Sold 3 times: first on 1 June 2009 for AED 1,397,922, last on 10 May 2022 for AED 1,000,000 (AED 1,543 per sqft).
  • Rented since March 2022 on 2 Ejari contracts, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2022 price is 8.5%, before a service charge of about AED 11,800 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 23 March 2023.

Questions about 808, The Pad Tower

What did unit 808 last sell for?

AED 1,000,000 on 10 May 2022: AED 1,543 per sqft for 648 sqft. The unit has 3 registered sales; the first was AED 1,397,922 in June 2009.

What is the rent for unit 808?

AED 85,000 a year on the contract signed on 23 March 2023. The previous contract, from March 2022, was AED 85,000.

How big is unit 808?

648 sqft (60.2 sqm): a one-bedroom apartment on the 8th floor of a 22-storey tower completed in 2020.

What is unit 808 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 808, The Pad Tower

Starts from the last sale price (AED 1M, 10 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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