1-bed · 945 sqftThe Pad Tower, Business Bay · completed 2020

P10, The Pad Tower

Sold prices and rental history: sold twice, last in October 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit P10 · DLD and Ejari recordsUpdated 31 October 2024
Last soldAED 2.03M31 October 2024
Current rentAED 110K /yr3 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for P10, The Pad Tower

What is P10 worth today?

Last sold for AED 2,031,670 in 2024

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31 Oct 2024SoldReady
AED 2,031,670AED 2,149 per sqft
3 Feb 2024RentedRenewal
AED 110,000/yr12 months · AED 116 per sqft
3 Feb 2023RentedNew contract
AED 100,000/yr12 months · AED 106 per sqft
10 Dec 2021RentedNew contract
AED 70,000/yr12 months · AED 74 per sqft
12 Nov 2018Sold by developerOff-plan
AED 1,984,422AED 2,099 per sqft

Source: Dubai Land Department. Updated 31 October 2024.

Key facts

Type
1-bed apartment
Size
945 sqft
Parking
B2-03
Developer
Pad Properties Nine
Completed
2020
Service charge
AED 17,200 /yr
Last sold
AED 2.03M · October 2024

About P10, The Pad Tower

P10 is a one-bedroom apartment of 945 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 2,031,670, 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 2021 on 3 Ejari contracts. The current contract, renewed on 3 February 2024, is AED 110,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 17,200 a year.

Sales and rents for P10 over time

Sales
Unit P10, 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, November 2018: AED 1,984,422 (AED 2,099 per sqft)Sold, October 2024: AED 2,031,670 (AED 2,149 per sqft)

P10 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit P10, each contractTypical one-bed in The Pad Tower
75K100K2021202320252027Typical 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, December 2021: AED 70,000 a yearNew contract, February 2023: AED 100,000 a yearRenewal, February 2024: AED 110,000 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 P10 sits

All 200 1-beds →

P10 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. P10's AED 110,000 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 →

P10, The Pad Tower in numbers

  • Sold twice: first on 12 November 2018 for AED 1,984,422, last on 31 October 2024 for AED 2,031,670 (AED 2,149 per sqft).
  • Rented since December 2021 on 3 Ejari contracts, from AED 70,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 5.4%, before a service charge of about AED 17,200 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 P10, The Pad Tower

What did unit P10 last sell for?

AED 2,031,670 on 31 October 2024: AED 2,149 per sqft for 945 sqft. The unit has 2 registered sales; the first was AED 1,984,422 in November 2018.

What is the rent for unit P10?

AED 110,000 a year on the contract renewed on 3 February 2024. The previous contract, from February 2023, was AED 100,000; the unit has been rented since December 2021.

How big is unit P10?

945 sqft (87.8 sqm): a one-bedroom apartment of a 22-storey tower completed in 2020.

What is unit P10 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 P10, The Pad Tower

Starts from the last sale price (AED 2.03M, 31 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,031,670
Deposit, UAE resident (20%)
AED 406,334
Deposit, non-resident (40%)
AED 812,668
Monthly over 25 years at 3.7%
AED 8,312

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