1-bed · 653 sqftThe Pad Tower, Business Bay · 9th floor · completed 2020

903, The Pad Tower

Sold prices and rental history: sold 3 times, last in September 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 903 · DLD and Ejari recordsUpdated 17 September 2024
Last soldAED 1.65M17 September 2024
Current rentAED 129K /yr13 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 903, The Pad Tower

What is 903 worth today?

Last sold for AED 1,650,000 in 2024

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17 Sep 2024SoldReady
AED 1,650,000AED 2,525 per sqft
13 Dec 2023RentedNew contract
AED 129,305/yr12 months · AED 198 per sqft
19 Oct 2022RentedNew contract
AED 110,000/yr12 months · AED 168 per sqft
24 Mar 2021SoldReady
AED 780,000AED 1,193 per sqft
1 Jun 2009Sold by developerOff-plan
AED 1,470,471AED 2,250 per sqft

Source: Dubai Land Department. Updated 17 September 2024.

Key facts

Type
1-bed apartment
Size
653 sqft
Floor
9th of 22
Parking
B2-116
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 11,900 /yr
Last sold
AED 1.65M · September 2024

About 903, The Pad Tower

903 is a one-bedroom apartment of 653 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 17 September 2024 for AED 1,650,000, or AED 2,525 per sqft, 10% above the AED 2,295 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 13 December 2023, is AED 129,305 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 11,900 a year.

Sales and rents for 903 over time

Sales
Unit 903, 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 1,470,471 (AED 2,250 per sqft)Sold, March 2021: AED 780,000 (AED 1,193 per sqft)Sold, September 2024: AED 1,650,000 (AED 2,525 per sqft)

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

Rents
Unit 903, each contractTypical one-bed in The Pad Tower
100K2021202320252027Typical 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, October 2022: AED 110,000 a yearNew contract, December 2023: AED 129,305 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 903 sits

All 200 1-beds →

903 last sold in September 2024 at AED 2,525 per sqft, 10% above what one-beds in The Pad Tower were fetching at the time (AED 2,295). 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. 903's AED 129,305 is in the upper 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
9021-bedAED 1.4M · Jun 2023
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

903, The Pad Tower in numbers

  • Sold 3 times: first on 1 June 2009 for AED 1,470,471, last on 17 September 2024 for AED 1,650,000 (AED 2,525 per sqft).
  • Rented since October 2022 on 2 Ejari contracts, from AED 110,000 to AED 129,305 a year.
  • At AED 129,305 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 11,900 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 17 September 2024.

Questions about 903, The Pad Tower

What did unit 903 last sell for?

AED 1,650,000 on 17 September 2024: AED 2,525 per sqft for 653 sqft. The unit has 3 registered sales; the first was AED 1,470,471 in June 2009.

What is the rent for unit 903?

AED 129,305 a year on the contract signed on 13 December 2023. The previous contract, from October 2022, was AED 110,000.

How big is unit 903?

653 sqft (60.7 sqm): a one-bedroom apartment on the 9th floor of a 22-storey tower completed in 2020.

What is unit 903 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 903, The Pad Tower

Starts from the last sale price (AED 1.65M, 17 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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