1 bedroom Apartment in The Pad, UAE No. 888
ID888
$ 245 075
Property description
Great opportunity to own a brand new 1 bedroom smart home at The Pad, the newest glam condo and sophisticated project in Business Bay by Omniyat.About our THE PAD apartment:
* 1 bedroom
* Smart home technology: IPAD Mini (Control Pad)
* Size: 671.67 sqft
* Vacant
* service charges 16,82 per sqft
* Net ROI: 6%
* Awesome Amenities
* covered parking bay
Viewing is available at any time by prior arrangement.
Project was completed by February 2021.
Super opportunity for a first time home buyer end-user, as well as for an investor, with yearly yields of around 6% on current market for long term rental, and up to 10% minimum for short term / holiday-home scheme.
The Pad is surrounded by a large option of restaurants that cater to the diverse taste, and shops. The Pad has convenient access to the Sheikh Zayed Road and the Al Khail Road, and is only a few minutes from Dubais International Financial Centre (DIFC) and its Trade Center, and less than 5 minutes to Burj Khalifa and Dubai Mall. A short 15-minute drive is all it takes to get you from the DXB airport to your Pad home.
Super opportunity for a first time home buyer end-user, as well as for an investor, with yearly yields of around 6% on current market for long term rental, and up to 10% minimum for short term / holiday-home scheme.
The Pad is surrounded by a large option of restaurants that cater to the diverse taste, and shops. The Pad has convenient access to the Sheikh Zayed Road and the Al Khail Road, and is only a few minutes from Dubais International Financial Centre (DIFC) and its Trade Center, and less than 5 minutes to Burj Khalifa and Dubai Mall. A short 15-minute drive is all it takes to get you from the DXB airport to your Pad home.
Trakheesi Permit: 7117947040
Dubai - Statistics
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| Parameters | Dubai |
|---|---|
| Rent Per Month | |
| Apartment (1 bedroom) in City Centre | $ 2 401.07 |
| Apartment (1 bedroom) Outside of Centre | $ 1 555.04 |
| Apartment (3 bedrooms) in City Centre | $ 4 589.08 |
| Apartment (3 bedrooms) Outside of Centre | $ 2 980.26 |
| Buy Apartment Price | |
| Price per Square Meter to Buy Apartment in City Centre | $ 7 601.85 |
| Price per Square Meter to Buy Apartment Outside of Centre | $ 3 755.49 |
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| Parameters | Dubai |
|---|---|
| Crime Index | 16.08 |
| Cost of Living and Rent Index | 57.68 |
| Purchasing Power Index | 144.57 |
| Property Price to Income Ratio | 6.99 |
| Safety Index | 83.92 |
| Traffic CO₂ Index | 8035.46 |
| Traffic Inefficiency Index | 247.89 |
| Rent Index | 56.41 |
| Health Care Index | 69.73 |
| Groceries Index | 45.61 |
| Pollution Index | 49.07 |
| Traffic Commute Time Index | 36.32 |
| Restaurant Price Index | 60.79 |
| Climate Index | 50.27 |
| Cost of Living Index | 58.67 |
| Quality of Life Index | 180.71 |
| Traffic Index | 169.42 |
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| Parameters | Dubai |
|---|---|
| Restaurants | |
| Meal, Inexpensive Restaurant | $ 10.89 |
| Meal for 2 People, Mid-range Restaurant, Three-course | $ 80.60 |
| McMeal at McDonalds (or Equivalent Combo Meal) | $ 9.53 |
| Domestic Beer (0.5 liter draught) | $ 12.25 |
| Imported Beer (0.33 liter bottle) | $ 13.61 |
| Coke/Pepsi (0.33 liter bottle) | $ 1.20 |
| Water (0.33 liter bottle) | $ 0.92 |
| Cappuccino (regular) | $ 5.52 |
| Markets | |
| Milk (regular), (1 liter) | $ 1.96 |
| Loaf of Fresh White Bread (500g) | $ 1.41 |
| Eggs (regular) (12) | $ 3.34 |
| Local Cheese (1kg) | $ 9.95 |
| Water (1.5 liter bottle) | $ 0.67 |
| Bottle of Wine (Mid-Range) | $ 16.34 |
| Domestic Beer (0.5 liter bottle) | $ 2.63 |
| Imported Beer (0.33 liter bottle) | $ 3.46 |
| Cigarettes 20 Pack (Marlboro) | $ 6.53 |
| Apples (1kg) | $ 2.31 |
| Chicken Fillets (1kg) | $ 9.32 |
| Oranges (1kg) | $ 1.87 |
| Potato (1kg) | $ 1.21 |
| Lettuce (1 head) | $ 1.40 |
| Rice (white), (1kg) | $ 2.23 |
| Tomato (1kg) | $ 1.54 |
| Banana (1kg) | $ 1.91 |
| Onion (1kg) | $ 1.28 |
| Beef Round (1kg) (or Equivalent Back Leg Red Meat) | $ 12.60 |
| Transportation | |
| One-way Ticket (Local Transport) | $ 1.63 |
| Monthly Pass (Regular Price) | $ 81.69 |
| Gasoline (1 liter) | $ 0.75 |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) | $ 32 674.40 |
| Taxi Start (Normal Tariff) | $ 3.27 |
| Taxi 1km (Normal Tariff) | $ 0.68 |
| Taxi 1hour Waiting (Normal Tariff) | $ 8.17 |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) | $ 22 830.73 |
| Utilities (Monthly) | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment | $ 214.77 |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) | $ 100.91 |
| $ 62.15 | |
| Salaries And Financing | |
| Average Monthly Net Salary (After Tax) | $ 4 063.31 |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 4.44 |
| Sports And Leisure | |
| Fitness Club, Monthly Fee for 1 Adult | $ 86.26 |
| Tennis Court Rent (1 Hour on Weekend) | $ 45.28 |
| Cinema, International Release, 1 Seat | $ 14.16 |
| Clothing And Shoes | |
| 1 Pair of Jeans (Levis 501 Or Similar) | $ 79.47 |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) | $ 61.45 |
| 1 Pair of Nike Running Shoes (Mid-Range) | $ 115.38 |
| 1 Pair of Men Leather Business Shoes | $ 117.83 |
| Childcare | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child | $ 837.28 |
| International Primary School, Yearly for 1 Child | $ 14 135.45 |
Data are provided by Numbeo.com and are based on its users survey. Emirates.estate can not guarantee the validity of these data.
Contact the seller
Dubai
Business Bay
The Pad
Apartment
1
62.4 m²
- m²
- sq. ft
$ 245 075
Seller
Daniel Page
Sales Manager
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