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1-bed · 833 sqftThe Pad Tower, Business Bay · completed 2020

P08, The Pad Tower

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

Unit P08 · DLD and Ejari recordsUpdated 31 October 2024
Last soldAED 1.79M31 October 2024
Current rentAED 85K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for P08, The Pad Tower

What is P08 worth today?

Last sold for AED 1,791,915 in 2024

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31 Oct 2024SoldReady
AED 1,791,915AED 2,149 per sqft
15 Feb 2023RentedRenewal
AED 85,000/yr12 months · AED 102 per sqft
15 Feb 2022RentedNew contract
AED 85,000/yr12 months · AED 102 per sqft
13 Nov 2018Sold by developerOff-plan
AED 1,750,242AED 2,099 per sqft

Source: Dubai Land Department. Updated 31 October 2024.

Key facts

Type
1-bed apartment
Size
833 sqft
Parking
B2-01
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 15,100 /yr
Last sold
AED 1.79M · October 2024
Building
The Pad Tower

About P08, The Pad Tower

P08 is a one-bedroom apartment of 833 sqft of The Pad Tower, a 22-storey tower in Business Bay completed in 2020 by Pad Properties Nine. It last sold on 31 October 2024 for AED 1,791,915, or AED 2,149 per sqft, in line with the AED 2,149 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 15 February 2023, is AED 85,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 15,100 a year.

Sales and rents for P08 over time

Sales
Unit P08, 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, November 2018: AED 1,750,242 (AED 2,099 per sqft)Sold, October 2024: AED 1,791,915 (AED 2,149 per sqft)

P08 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit P08, 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, February 2022: AED 85,000 a yearRenewal, February 2023: 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 P08 sits

All 200 1-beds →

P08 last sold in October 2024 at AED 2,149 per sqft, in line with what one-beds in The Pad Tower were fetching at the time (AED 2,149). 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. P08'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 →

P08, The Pad Tower in numbers

  • Sold twice: first on 13 November 2018 for AED 1,750,242, last on 31 October 2024 for AED 1,791,915 (AED 2,149 per sqft).
  • Rented since February 2022 on 2 Ejari contracts, at AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 15,100 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 31 October 2024.

Questions about P08, The Pad Tower

What did unit P08 last sell for?

AED 1,791,915 on 31 October 2024: AED 2,149 per sqft for 833 sqft. The unit has 2 registered sales; the first was AED 1,750,242 in November 2018.

What is the rent for unit P08?

AED 85,000 a year on the contract renewed on 15 February 2023. The previous contract, from February 2022, was AED 85,000.

How big is unit P08?

833 sqft (77.4 sqm): a one-bedroom apartment of a 22-storey tower completed in 2020.

What is unit P08 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 P08, The Pad Tower

Starts from the last sale price (AED 1.79M, 31 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,791,915
Deposit, UAE resident (20%)
AED 358,383
Deposit, non-resident (40%)
AED 716,766
Monthly over 25 years at 3.7%
AED 7,331

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