3605, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 4 times, last in February 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3605, Paramount Tower Hotel & Residences Downtown
What is 3605 worth today?
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Source: Dubai Land Department. Updated 1 February 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,364 sqft
- Floor
- 36th of 63
- Parking
- P8-16
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 27,200 /yr
- Last sold
- AED 2.7M · February 2024
About 3605, Paramount Tower Hotel & Residences Downtown
3605 is a two-bedroom apartment of 1,364 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 1 February 2024 for AED 2,700,000, or AED 1,979 per sqft, 9% above the AED 1,814 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 5 October 2023, is AED 140,000 a year: a gross yield of 5.2% on the 2024 price, before the service charge of about AED 27,200 a year.
Sales and rents for 3605 over time
3605 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Paramount Tower Hotel & Residences Downtown, and where 3605 sits
All 329 2-beds →3605 last sold in February 2024 at AED 1,979 per sqft, 9% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,814). Over the last 12 months two-beds sold for AED 2,250,000 to 3,200,000, around AED 2,016 per sqft, and rent for AED 100,000 to 220,000 a year. 3605's AED 140,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 1,167 sqft | 2,350,000 | 2,013 | ||
| 13 Aug 202613 August 2026 | 1,364 sqft | 2,725,000 | 1,997 | ||
| 25 Jun 202625 June 2026 | 1,364 sqft | 3,200,000 | 2,346 | ||
| 6 May 20266 May 2026 | 1,364 sqft | 2,800,000 | 2,052 |
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 | |||||
|---|---|---|---|---|---|
| 3601 | 1-bed | 1,120 sqft | AED 1.85MAED 1,850,000 · May 2023May 2023 | ||
| 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 | |
| 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 |
3605, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 4 times: first on 6 November 2019 for AED 2,083,840, last on 1 February 2024 for AED 2,700,000 (AED 1,979 per sqft).
- Rented since October 2022 on 2 Ejari contracts, from AED 130,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2024 price is 5.2%, before a service charge of about AED 27,200 a year (AED 19.93 per sqft).
- Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,250,000–3,200,000 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 1 February 2024.
Questions about 3605, Paramount Tower Hotel & Residences Downtown
What did unit 3605 last sell for?
AED 2,700,000 on 1 February 2024: AED 1,979 per sqft for 1,364 sqft. The unit has 4 registered sales; the first was AED 2,083,840 in November 2019.
What is the rent for unit 3605?
AED 140,000 a year on the contract signed on 5 October 2023. The previous contract, from October 2022, was AED 130,000.
How big is unit 3605?
1,364 sqft (126.7 sqm): a two-bedroom apartment on the 36th floor of a 63-storey tower completed in 2022.
What is unit 3605 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,250,000 to 3,200,000 in the last 12 months, around AED 2,016 per sqft.
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Mortgage on 3605, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.7M, 1 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →