1 bedroom Apartment for sale in The Pad, UAE No. 888

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.

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Parameters	Dubai
Rent Per Month
Apartment (1 bedroom) in City Centre	$ 2 372.89
Apartment (1 bedroom) Outside of Centre	$ 1 512.34
Apartment (3 bedrooms) in City Centre	$ 4 610.97
Apartment (3 bedrooms) Outside of Centre	$ 2 986.52
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre	$ 6 751.15
Price per Square Meter to Buy Apartment Outside of Centre	$ 3 658.72

Parameters	Dubai
Crime Index	16.09
Cost of Living and Rent Index	57.62
Purchasing Power Index	137.80
Property Price to Income Ratio	6.62
Safety Index	83.91
Traffic CO₂ Index	8026.09
Traffic Inefficiency Index	248.38
Rent Index	56.55
Health Care Index	69.79
Groceries Index	46.76
Pollution Index	49.07
Traffic Commute Time Index	36.32
Restaurant Price Index	60.72
Climate Index	50.27
Cost of Living Index	58.46
Quality of Life Index	178.41
Traffic Index	169.39

Parameters	Dubai
Restaurants
Meal, Inexpensive Restaurant	$ 10.89
Meal for 2 People, Mid-range Restaurant, Three-course	$ 79.73
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)	$ 1.23
Water (0.33 liter bottle)	$ 0.97
Cappuccino (regular)	$ 5.65
Markets
Milk (regular), (1 liter)	$ 1.96
Loaf of Fresh White Bread (500g)	$ 1.43
Eggs (regular) (12)	$ 3.22
Local Cheese (1kg)	$ 9.30
Water (1.5 liter bottle)	$ 0.65
Bottle of Wine (Mid-Range)	$ 16.34
Domestic Beer (0.5 liter bottle)	$ 2.58
Imported Beer (0.33 liter bottle)	$ 3.42
Cigarettes 20 Pack (Marlboro)	$ 6.40
Apples (1kg)	$ 2.36
Chicken Fillets (1kg)	$ 9.30
Oranges (1kg)	$ 1.89
Potato (1kg)	$ 1.19
Lettuce (1 head)	$ 1.34
Rice (white), (1kg)	$ 2.42
Tomato (1kg)	$ 1.57
Banana (1kg)	$ 1.85
Onion (1kg)	$ 1.29
Beef Round (1kg) (or Equivalent Back Leg Red Meat)	$ 12.31
Transportation
One-way Ticket (Local Transport)	$ 1.63
Monthly Pass (Regular Price)	$ 81.68
Gasoline (1 liter)	$ 0.77
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)	$ 32 670.84
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)	$ 23 003.05
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment	$ 215.87
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)	$ 102.12
	$ 60.27
Salaries And Financing
Average Monthly Net Salary (After Tax)	$ 3 931.65
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	4.43
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult	$ 86.66
Tennis Court Rent (1 Hour on Weekend)	$ 43.80
Cinema, International Release, 1 Seat	$ 13.61
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)	$ 78.65
1 Summer Dress in a Chain Store (Zara, H&M, ...)	$ 62.34
1 Pair of Nike Running Shoes (Mid-Range)	$ 113.56
1 Pair of Men Leather Business Shoes	$ 115.35
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child	$ 823.58
International Primary School, Yearly for 1 Child	$ 13 303.42

1 bedroom Apartment in The Pad, UAE No. 888

Property description