1-bed · 518 sqftThe Pad Tower, Business Bay · 9th floor · completed 2020

908, The Pad Tower

Sold prices and rental history: sold once, by the developer in June 2009, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 908 · DLD and Ejari recordsUpdated 26 August 2023
Last soldAED 1.09M1 June 2009
Current rentAED 95K /yr26 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 908, The Pad Tower

What is 908 worth today?

Last sold for AED 1,089,863 in 2009

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26 Aug 2023RentedNew contract
AED 95,000/yr12 months · AED 184 per sqft
25 Oct 2022RentedNew contract
AED 95,000/yr12 months · AED 184 per sqft
1 Jun 2009Sold by developerOff-plan
AED 1,089,863AED 2,103 per sqft

Source: Dubai Land Department. Updated 26 August 2023.

Key facts

Type
1-bed apartment
Size
518 sqft
Floor
9th of 22
Parking
B3-07
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 9,400 /yr
Last sold
AED 1.09M · June 2009

About 908, The Pad Tower

908 is a one-bedroom apartment of 518 sqft on the 9th 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 1,089,863, or AED 2,103 per sqft, 4% below the AED 2,191 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 26 August 2023, is AED 95,000 a year: a gross yield of 8.7% on the 2009 price, before the service charge of about AED 9,400 a year.

Sales and rents for 908 over time

Sales
Unit 908, 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 1,089,863 (AED 2,103 per sqft)

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

Rents
Unit 908, 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, October 2022: AED 95,000 a yearNew contract, August 2023: AED 95,000 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 908 sits

All 200 1-beds →

908 last sold in June 2009 at AED 2,103 per sqft, 4% below what one-beds in The Pad Tower were fetching at the time (AED 2,191). 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. 908's AED 95,000 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
9021-bedAED 1.4M · Jun 2023
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
1–7 of 10

908, The Pad Tower in numbers

  • Sold once: by Pad Properties Nine on 1 June 2009 for AED 1,089,863, or AED 2,103 per sqft.
  • Rented since October 2022 on 2 Ejari contracts, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2009 price is 8.7%, before a service charge of about AED 9,400 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 26 August 2023.

Questions about 908, The Pad Tower

What did unit 908 last sell for?

AED 1,089,863 on 1 June 2009, sold by the developer: AED 2,103 per sqft for 518 sqft. It is the only registered sale of the unit.

What is the rent for unit 908?

AED 95,000 a year on the contract signed on 26 August 2023. The previous contract, from October 2022, was AED 95,000.

How big is unit 908?

518 sqft (48.1 sqm): a one-bedroom apartment on the 9th floor of a 22-storey tower completed in 2020.

What is unit 908 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 908, The Pad Tower

Starts from the last sale price (AED 1.09M, 1 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,089,863
Deposit, UAE resident (20%)
AED 217,973
Deposit, non-resident (40%)
AED 435,945
Monthly over 25 years at 3.7%
AED 4,459

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