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1-bed · 1,139 sqftThe Pad Tower, Business Bay · completed 2020

P03, The Pad Tower

Sold prices and rental history: sold twice, last in September 2017, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P03 · DLD and Ejari recordsUpdated 23 August 2026
Last soldAED 1M13 September 2017
Current rentAED 85K /yr23 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P03, The Pad Tower

What is P03 worth today?

Last sold for AED 1,000,000 in 2017

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23 Aug 2026RentedNew contract
AED 85,000/yr12 months · AED 74 per sqft
3 Jun 2024RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft
1 Jun 2023RentedNew contract
AED 95,000/yr12 months · AED 83 per sqft
12 Sep 2022RentedNew contract
AED 94,737/yr12 months · AED 84 per sqft
13 Sep 2017SoldOff-plan
AED 1,000,000AED 877 per sqft
13 Mar 2014Sold by developerOff-plan
AED 2,041,000AED 1,791 per sqft

Source: Dubai Land Department. Updated 23 August 2026.

Key facts

Type
1-bed apartment
Size
1,139 sqft
Parking
B3-01
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 20,700 /yr
Last sold
AED 1M · September 2017
Building
The Pad Tower

About P03, The Pad Tower

P03 is a one-bedroom apartment of 1,139 sqft of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 13 September 2017 for AED 1,000,000, or AED 877 per sqft, 48% below the AED 1,684 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 23 August 2026, is AED 85,000 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 20,700 a year.

Sales and rents for P03 over time

Sales
Unit P03, each saleTypical one-bed in The Pad Tower
1M2M2009201420192024Typical 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, March 2014: AED 2,041,000 (AED 1,791 per sqft)Sold, September 2017: AED 1,000,000 (AED 877 per sqft)

P03 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit P03, 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, September 2022: AED 94,737 a yearNew contract, June 2023: AED 95,000 a yearNew contract, June 2024: AED 100,000 a yearNew contract, August 2026: AED 85,000 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 P03 sits

All 200 1-beds →

P03 last sold in September 2017 at AED 877 per sqft, 48% below what one-beds in The Pad Tower were fetching at the time (AED 1,684). 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. P03's AED 85,000 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 →

P03, The Pad Tower in numbers

  • Sold twice: first on 13 March 2014 for AED 2,041,000, last on 13 September 2017 for AED 1,000,000 (AED 877 per sqft).
  • Rented since September 2022 on 4 Ejari contracts, from AED 94,737 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2017 price is 8.5%, before a service charge of about AED 20,700 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 23 August 2026.

Questions about P03, The Pad Tower

What did unit P03 last sell for?

AED 1,000,000 on 13 September 2017: AED 877 per sqft for 1,139 sqft. The unit has 2 registered sales; the first was AED 2,041,000 in March 2014.

What is the rent for unit P03?

AED 85,000 a year on the contract signed on 23 August 2026. The previous contract, from June 2024, was AED 100,000; the unit has been rented since September 2022.

How big is unit P03?

1,139 sqft (105.8 sqm): a one-bedroom apartment of a 22-storey tower completed in 2020.

What is unit P03 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 P03, The Pad Tower

Starts from the last sale price (AED 1M, 13 September 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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