2-bed · 1,986 sqftThe Pad Tower, Business Bay · completed 2020

P01, The Pad Tower

Sold prices and rental history: sold once, by the developer in July 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P01 · DLD and Ejari recordsUpdated 6 July 2022
Last soldAED 2.38M6 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for P01, The Pad Tower

What is P01 worth today?

Last sold for AED 2,382,876 in 2022

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6 Jul 2022Sold by developerReady
AED 2,382,876AED 1,199 per sqft

Source: Dubai Land Department. Updated 6 July 2022.

Key facts

Type
2-bed apartment
Size
1,986 sqft
Parking
B2-110
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 36,100 /yr
Last sold
AED 2.38M · July 2022

About P01, The Pad Tower

P01 is a two-bedroom apartment of 1,986 sqft of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. The developer sold it on 6 July 2022 for AED 2,382,876, or AED 1,199 per sqft, 10% below the AED 1,332 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for P01 over time

Sales
Unit P01, each saleTypical two-bed in The Pad Tower
2M3M2009201420192024Typical sale price by year: 2009 AED 3,050,495; 2016 AED 3,465,153; 2017 AED 2,842,165; 2018 AED 2,577,589; 2021 AED 1,597,500; 2022 AED 1,850,000; 2023 AED 2,075,000; 2024 AED 2,616,015; 2025 AED 2,710,000Sold by developer, July 2022: AED 2,382,876 (AED 1,199 per sqft)

P01 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit P01, each contractTypical two-bed in The Pad Tower
125K150K175K2021202320252027Typical rent by year: 2021 AED 120,000; 2022 AED 132,500; 2023 AED 150,000; 2024 AED 165,000; 2025 AED 175,000; 2026 AED 165,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Pad Tower, and where P01 sits

All 50 2-beds →

P01 last sold in July 2022 at AED 1,199 per sqft, 10% below what two-beds in The Pad Tower were fetching at the time (AED 1,332). Over the last 12 months two-beds sold for AED 1,100,000 to 3,414,300, around AED 2,371 per sqft, and rent for AED 129,651 to 195,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Sep 20263,414,300
22 Apr 20261,100,000
22 Dec 20252,950,740
9 Dec 20252,300,000
4 2-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 →

P01, The Pad Tower in numbers

  • Sold once: by Pad Properties Nine on 6 July 2022 for AED 2,382,876, or AED 1,199 per sqft.
  • Two-beds in The Pad Tower sold for AED 1,100,000–3,414,300 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 6 July 2022.

Questions about P01, The Pad Tower

What did unit P01 last sell for?

AED 2,382,876 on 6 July 2022, sold by the developer: AED 1,199 per sqft for 1,986 sqft. It is the only registered sale of the unit.

How big is unit P01?

1,986 sqft (184.5 sqm): a two-bedroom apartment of a 22-storey tower completed in 2020.

What is unit P01 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Pad Tower sold for AED 1,100,000 to 3,414,300 in the last 12 months, around AED 2,371 per sqft.

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Mortgage on P01, The Pad Tower

Starts from the last sale price (AED 2.38M, 6 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,382,876
Deposit, UAE resident (20%)
AED 476,575
Deposit, non-resident (40%)
AED 953,150
Monthly over 25 years at 3.7%
AED 9,749

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