3703, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in December 2020, and rented once, from April 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3703, Paramount Tower Hotel & Residences Downtown
What is 3703 worth today?
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Source: Dubai Land Department. Updated 28 April 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,138 sqft
- Floor
- 37th of 63
- Parking
- P8-08
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,700 /yr
- Last sold
- AED 1.97M · December 2020
About 3703, Paramount Tower Hotel & Residences Downtown
3703 is a two-bedroom apartment of 1,138 sqft on the 37th 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 17 December 2020 for AED 1,968,000, or AED 1,729 per sqft, 32% above the AED 1,306 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 28 April 2022. The current contract, signed on 28 April 2022, is AED 118,000 a year: a gross yield of 6.0% on the 2020 price, before the service charge of about AED 22,700 a year.
Sales and rents for 3703 over time
3703 has sold once; 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 3703 sits
All 329 2-beds →3703 last sold in December 2020 at AED 1,729 per sqft, 32% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,306). 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. 3703's AED 118,000 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 37th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3701 | 2-bed | 1,168 sqft | AED 1.46MAED 1,460,000 · Jul 2020July 2020 | 190,000 /yr | |
| 3702 | 2-bed | 1,138 sqft | AED 1.42MAED 1,422,000 · Jul 2020July 2020 | 190,000 /yr | |
| 3704 | 2-bed | 1,163 sqft | AED 2.03MAED 2,025,000 · Jan 2023January 2023 | ||
| 3705 | 3-bed | 1,900 sqft | AED 2.65MAED 2,650,000 · Feb 2024February 2024 | 220,000 /yr | |
| 3706 | 3-bed | 1,749 sqft | AED 2.58MAED 2,575,000 · Mar 2022March 2022 | 210,000 /yr | |
| 3707 | 3-bed | 1,628 sqft | AED 2.8MAED 2,800,000 · Oct 2023October 2023 | 205,000 /yr | |
| 3708 | 2-bed | 1,243 sqft | AED 1.9MAED 1,900,000 · Aug 2020August 2020 | ||
| 3709 | Studio | 523 sqft | AED 943KAED 943,280 · Apr 2021April 2021 |
3703, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 17 December 2020 for AED 1,968,000, or AED 1,729 per sqft.
- Rented since April 2022 on one Ejari contract, at AED 118,000 a year.
- At AED 118,000 a year the gross yield on the 2020 price is 6.0%, before a service charge of about AED 22,700 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 28 April 2022.
Questions about 3703, Paramount Tower Hotel & Residences Downtown
What did unit 3703 last sell for?
AED 1,968,000 on 17 December 2020, sold by the developer: AED 1,729 per sqft for 1,138 sqft. It is the only registered sale of the unit.
What is the rent for unit 3703?
AED 118,000 a year on the contract signed on 28 April 2022.
How big is unit 3703?
1,138 sqft (105.7 sqm): a two-bedroom apartment on the 37th floor of a 63-storey tower completed in 2022.
What is unit 3703 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 3703, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.97M, 17 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,968,000
- Deposit, UAE resident (20%)
- AED 393,600
- Deposit, non-resident (40%)
- AED 787,200
- Monthly over 25 years at 3.7%
- AED 8,052
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →