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

M07, The Pad Tower

Sold prices and rental history: sold twice, last in October 2022, and rented once, from June 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit M07 · DLD and Ejari recordsUpdated 15 June 2024
Last soldAED 1.33M11 October 2022
Current rentAED 100K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for M07, The Pad Tower

What is M07 worth today?

Last sold for AED 1,334,333 in 2022

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15 Jun 2024RentedNew contract
AED 100,000/yr12 months · AED 150 per sqft
11 Oct 2022SoldReady
AED 1,334,333AED 2,001 per sqft
6 Jul 2022Sold by developerReady
AED 800,064AED 1,200 per sqft

Source: Dubai Land Department. Updated 15 June 2024.

Key facts

Type
1-bed apartment
Size
667 sqft
Floor
Ground of 22
Parking
B2-67
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 12,100 /yr
Last sold
AED 1.33M · October 2022
Building
The Pad Tower

About M07, The Pad Tower

M07 is a one-bedroom apartment of 667 sqft on the ground floor of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 11 October 2022 for AED 1,334,333, or AED 2,001 per sqft, 43% above the AED 1,400 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 June 2024. The current contract, signed on 15 June 2024, is AED 100,000 a year: a gross yield of 7.5% on the 2022 price, before the service charge of about AED 12,100 a year.

Sales and rents for M07 over time

Sales
Unit M07, 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, July 2022: AED 800,064 (AED 1,200 per sqft)Sold, October 2022: AED 1,334,333 (AED 2,001 per sqft)

M07 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit M07, 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 2024: AED 100,000 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 M07 sits

All 200 1-beds →

M07 last sold in October 2022 at AED 2,001 per sqft, 43% above what one-beds in The Pad Tower were fetching at the time (AED 1,400). 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. M07's AED 100,000 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 ground floor

All 242 units in The Pad Tower
Value
M012-bedAED 3.48M · Oct 2016
M021-bedAED 1.48M · Sep 2025
M031-bedAED 2.53M · Jun 2009
M041-bedAED 1.56M · Jul 2026
M051-bedAED 1.59M · Oct 2025
M061-bedAED 1.45M · May 2025
M081-bedAED 890K · Jul 2022
1–7 of 10

M07, The Pad Tower in numbers

  • Sold twice: first on 6 July 2022 for AED 800,064, last on 11 October 2022 for AED 1,334,333 (AED 2,001 per sqft).
  • Rented since June 2024 on one Ejari contract, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 7.5%, 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 15 June 2024.

Questions about M07, The Pad Tower

What did unit M07 last sell for?

AED 1,334,333 on 11 October 2022: AED 2,001 per sqft for 667 sqft. The unit has 2 registered sales; the first was AED 800,064 in July 2022.

What is the rent for unit M07?

AED 100,000 a year on the contract signed on 15 June 2024.

How big is unit M07?

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

What is unit M07 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 M07, The Pad Tower

Starts from the last sale price (AED 1.33M, 11 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,334,333
Deposit, UAE resident (20%)
AED 266,867
Deposit, non-resident (40%)
AED 533,733
Monthly over 25 years at 3.7%
AED 5,459

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