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1-bed · 1,148 sqftThe Pad Tower, Business Bay · completed 2020

P04, The Pad Tower

Sold prices and rental history: sold once, by the developer in March 2014, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P04 · DLD and Ejari recordsUpdated 22 October 2026
Last soldAED 2.06M6 March 2014
Current rentAED 124K /yr22 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P04, The Pad Tower

What is P04 worth today?

Last sold for AED 2,060,000 in 2014

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22 Oct 2026RentedRenewal
AED 124,309/yr6 months · AED 109 per sqft
22 Oct 2025RentedRenewal
AED 125,000/yr12 months · AED 110 per sqft
22 Oct 2024RentedNew contract
AED 120,000/yr12 months · AED 104 per sqft
6 Mar 2014Sold by developerOff-plan
AED 2,060,000AED 1,794 per sqft

Source: Dubai Land Department. Updated 22 October 2026.

Key facts

Type
1-bed apartment
Size
1,148 sqft
Parking
B3-42
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 20,900 /yr
Last sold
AED 2.06M · March 2014
Building
The Pad Tower

About P04, The Pad Tower

P04 is a one-bedroom apartment of 1,148 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 March 2014 for AED 2,060,000, or AED 1,794 per sqft.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 22 October 2026, is AED 124,309 a year: a gross yield of 6.0% on the 2014 price, before the service charge of about AED 20,900 a year.

Sales and rents for P04 over time

Sales
Unit P04, 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 2,060,000 (AED 1,794 per sqft)

P04 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit P04, 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 2024: AED 120,000 a yearRenewal, October 2025: AED 125,000 a yearRenewal, October 2026: AED 124,309 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 P04 sits

All 200 1-beds →

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. P04's AED 124,309 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 →

P04, The Pad Tower in numbers

  • Sold once: by Pad Properties Nine on 6 March 2014 for AED 2,060,000, or AED 1,794 per sqft.
  • Rented since October 2024 on 3 Ejari contracts, from AED 120,000 to AED 124,309 a year.
  • At AED 124,309 a year the gross yield on the 2014 price is 6.0%, before a service charge of about AED 20,900 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 22 October 2026.

Questions about P04, The Pad Tower

What did unit P04 last sell for?

AED 2,060,000 on 6 March 2014, sold by the developer: AED 1,794 per sqft for 1,148 sqft. It is the only registered sale of the unit.

What is the rent for unit P04?

AED 124,309 a year on the contract renewed on 22 October 2026. The previous contract, from October 2025, was AED 125,000; the unit has been rented since October 2024.

How big is unit P04?

1,148 sqft (106.7 sqm): a one-bedroom apartment of a 22-storey tower completed in 2020.

What is unit P04 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 P04, The Pad Tower

Starts from the last sale price (AED 2.06M, 6 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,060,000
Deposit, UAE resident (20%)
AED 412,000
Deposit, non-resident (40%)
AED 824,000
Monthly over 25 years at 3.7%
AED 8,428

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