1-bed · 667 sqftThe Pad Tower, Business Bay · 9th floor · completed 2020

902, The Pad Tower

Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 21 September 2024
Last soldAED 1.4M23 June 2023
Current rentAED 97K /yr21 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, The Pad Tower

What is 902 worth today?

Last sold for AED 1,400,000 in 2023

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21 Sep 2024RentedNew contract
AED 97,000/yr12 months · AED 145 per sqft
1 Jan 2024RentedRenewal
AED 85,000/yr7 months · AED 127 per sqft
23 Jun 2023SoldReady
AED 1,400,000AED 2,099 per sqft
1 Jan 2023RentedNew contract
AED 85,000/yr12 months · AED 127 per sqft
19 Jun 2021RentedNew contract
AED 58,000/yr12 months · AED 87 per sqft
3 Feb 2021SoldReady
AED 700,000AED 1,049 per sqft
1 Jun 2009Sold by developerOff-plan
AED 1,444,091AED 2,165 per sqft

Source: Dubai Land Department. Updated 21 September 2024.

Key facts

Type
1-bed apartment
Size
667 sqft
Floor
9th of 22
Parking
B2-115
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 12,100 /yr
Last sold
AED 1.4M · June 2023

About 902, The Pad Tower

902 is a one-bedroom apartment of 667 sqft on the 9th floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 23 June 2023 for AED 1,400,000, or AED 2,099 per sqft, 25% above the AED 1,683 one-beds in the building were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 21 September 2024, is AED 97,000 a year: a gross yield of 6.9% on the 2023 price, before the service charge of about AED 12,100 a year.

Sales and rents for 902 over time

Sales
Unit 902, 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 1,444,091 (AED 2,165 per sqft)Sold, February 2021: AED 700,000 (AED 1,049 per sqft)Sold, June 2023: AED 1,400,000 (AED 2,099 per sqft)

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

Rents
Unit 902, 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, June 2021: AED 58,000 a yearNew contract, January 2023: AED 85,000 a yearRenewal, January 2024: AED 85,000 a yearNew contract, September 2024: AED 97,000 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 902 sits

All 200 1-beds →

902 last sold in June 2023 at AED 2,099 per sqft, 25% above what one-beds in The Pad Tower were fetching at the time (AED 1,683). 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. 902's AED 97,000 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 9th floor

All 242 units in The Pad Tower
Value
9012-bedAED 2.93M · May 2018
9031-bedAED 1.65M · Sep 2024
9041-bedAED 1.38M · Jan 2024
9051-bedAED 1.38M · Jan 2024
9061-bedAED 1.4M · Feb 2025
9071-bedAED 1.4M · Jul 2024
9081-bedAED 1.09M · Jun 2009
1–7 of 10

902, The Pad Tower in numbers

  • Sold 3 times: first on 1 June 2009 for AED 1,444,091, last on 23 June 2023 for AED 1,400,000 (AED 2,099 per sqft).
  • Rented since June 2021 on 4 Ejari contracts, from AED 58,000 to AED 97,000 a year.
  • At AED 97,000 a year the gross yield on the 2023 price is 6.9%, before a service charge of about AED 12,100 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 21 September 2024.

Questions about 902, The Pad Tower

What did unit 902 last sell for?

AED 1,400,000 on 23 June 2023: AED 2,099 per sqft for 667 sqft. The unit has 3 registered sales; the first was AED 1,444,091 in June 2009.

What is the rent for unit 902?

AED 97,000 a year on the contract signed on 21 September 2024. The previous contract, from January 2024, was AED 85,000; the unit has been rented since June 2021.

How big is unit 902?

667 sqft (62.0 sqm): a one-bedroom apartment on the 9th floor of a 22-storey tower completed in 2020.

What is unit 902 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 902, The Pad Tower

Starts from the last sale price (AED 1.4M, 23 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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