3601, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in May 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3601, Paramount Tower Hotel & Residences Downtown
What is 3601 worth today?
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Source: Dubai Land Department. Updated 26 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,120 sqft
- Floor
- 36th of 63
- Parking
- P8-12
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 1.85M · May 2023
About 3601, Paramount Tower Hotel & Residences Downtown
3601 is a one-bedroom apartment of 1,120 sqft on the 36th floor of Paramount Tower Hotel & Residences Downtown, a 63-storey tower in Business Bay completed in 2022 by Namaa Properties Development. It last sold on 26 May 2023 for AED 1,850,000, or AED 1,652 per sqft, 30% below the AED 2,360 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 3601 over time
3601 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Paramount Tower Hotel & Residences Downtown, and where 3601 sits
All 174 1-beds →3601 last sold in May 2023 at AED 1,652 per sqft, 30% below what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,360). Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,119 per sqft, and rent for AED 90,000 to 147,500 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 679 sqft | 1,400,000 | 2,062 | ||
| 16 Jun 202616 June 2026 | 843 sqft | 2,018,990 | 2,395 | ||
| 18 May 202618 May 2026 | 974 sqft | 2,000,000 | 2,054 | ||
| 8 May 20268 May 2026 | 681 sqft | 1,650,000 | 2,423 |
Paramount Tower Hotel & Residences Downtown
Building784 apartments, studios to 3-bed over 63 floors in Business Bay, completed in 2022 by Namaa Properties Development. 33 sold in the last 12 months.
- Typical price per sqft
- AED 2,005 Up 3.3%
- Typical sale
- AED 2.35M
- Typical rent
- AED 151K /yr
- Typical yield
- 6.6%
Other units on the 36th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3602 | 2-bed | 1,300 sqft | AED 2.45MAED 2,450,000 · Feb 2023February 2023 | 175,000 /yr | |
| 3603 | 2-bed | 1,288 sqft | AED 2.45MAED 2,450,000 · Feb 2023February 2023 | 160,000 /yr | |
| 3604 | 2-bed | 1,320 sqft | AED 2.23MAED 2,228,000 · Oct 2019October 2019 | 132,000 /yr | |
| 3605 | 2-bed | 1,364 sqft | AED 2.7MAED 2,700,000 · Feb 2024February 2024 | 140,000 /yr | |
| 3606 | 2-bed | 1,250 sqft | AED 2.09MAED 2,090,000 · Aug 2021August 2021 | 170,000 /yr | |
| 3607 | 1-bed | 968 sqft | AED 1.6MAED 1,600,000 · Mar 2025March 2025 | ||
| 3608 | 1-bed | 970 sqft | AED 1.7MAED 1,700,000 · Mar 2025March 2025 | 120,000 /yr | |
| 3609 | 2-bed | 1,324 sqft | AED 2.08MAED 2,078,184 · Oct 2021October 2021 | 150,000 /yr | |
| 3610 | 2-bed | 1,415 sqft | AED 2.32MAED 2,315,000 · Sep 2019September 2019 | 165,000 /yr | |
| 3611 | Studio | 692 sqft | AED 1.27MAED 1,266,000 · Jul 2019July 2019 | 80,000 /yr |
3601, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 27 October 2019 for AED 1,966,000, last on 26 May 2023 for AED 1,850,000 (AED 1,652 per sqft).
- One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,005 per sqft.
Source: Dubai Land Department. Updated 26 May 2023.
Questions about 3601, Paramount Tower Hotel & Residences Downtown
What did unit 3601 last sell for?
AED 1,850,000 on 26 May 2023: AED 1,652 per sqft for 1,120 sqft. The unit has 2 registered sales; the first was AED 1,966,000 in October 2019.
How big is unit 3601?
1,120 sqft (104.1 sqm): a one-bedroom apartment on the 36th floor of a 63-storey tower completed in 2022.
What is unit 3601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,119 per sqft.
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Mortgage on 3601, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.85M, 26 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,850,000
- Deposit, UAE resident (20%)
- AED 370,000
- Deposit, non-resident (40%)
- AED 740,000
- Monthly over 25 years at 3.7%
- AED 7,569
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →