3611, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in July 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3611, Paramount Tower Hotel & Residences Downtown
What is 3611 worth today?
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Source: Dubai Land Department. Updated 1 June 2025.
Key facts
- Type
- Studio apartment
- Size
- 692 sqft
- Floor
- 36th of 63
- Parking
- P8-22
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,800 /yr
- Last sold
- AED 1.27M · July 2019
About 3611, Paramount Tower Hotel & Residences Downtown
3611 is a studio of 692 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. The developer sold it on 30 July 2019 for AED 1,266,000, or AED 1,830 per sqft, 19% below the AED 2,271 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 1 June 2025, is AED 80,000 a year: a gross yield of 6.3% on the 2019 price, before the service charge of about AED 13,800 a year.
Sales and rents for 3611 over time
3611 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Paramount Tower Hotel & Residences Downtown, and where 3611 sits
All 203 studios →3611 last sold in July 2019 at AED 1,830 per sqft, 19% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,271). Over the last 12 months studios sold for AED 630,000 to 1,295,000, around AED 1,579 per sqft, and rent for AED 65,000 to 90,000 a year. 3611's AED 80,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jul 20263 July 2026 | 477 sqft | 777,215 | 1,630 | ||
| 22 May 202622 May 2026 | 627 sqft | 960,367 | 1,531 | ||
| 22 May 202622 May 2026 | 520 sqft | 830,484 | 1,596 | ||
| 24 Feb 202624 February 2026 | 520 sqft | 1,295,000 | 2,489 |
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 | |
| 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, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 30 July 2019 for AED 1,266,000, or AED 1,830 per sqft.
- Rented since September 2022 on 5 Ejari contracts, from AED 75,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2019 price is 6.3%, before a service charge of about AED 13,800 a year (AED 19.93 per sqft).
- Studios in Paramount Tower Hotel & Residences Downtown sold for AED 630,000–1,295,000 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 June 2025.
Questions about 3611, Paramount Tower Hotel & Residences Downtown
What did unit 3611 last sell for?
AED 1,266,000 on 30 July 2019, sold by the developer: AED 1,830 per sqft for 692 sqft. It is the only registered sale of the unit.
What is the rent for unit 3611?
AED 80,000 a year on the contract renewed on 1 June 2025. The previous contract, from June 2025, was AED 80,000; the unit has been rented since September 2022.
How big is unit 3611?
692 sqft (64.3 sqm): a studio on the 36th floor of a 63-storey tower completed in 2022.
What is unit 3611 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Paramount Tower Hotel & Residences Downtown sold for AED 630,000 to 1,295,000 in the last 12 months, around AED 1,579 per sqft.
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Mortgage on 3611, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.27M, 30 July 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,266,000
- Deposit, UAE resident (20%)
- AED 253,200
- Deposit, non-resident (40%)
- AED 506,400
- Monthly over 25 years at 3.7%
- AED 5,180
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →