3705, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3705, Paramount Tower Hotel & Residences Downtown
What is 3705 worth today?
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Source: Dubai Land Department. Updated 20 July 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,900 sqft
- Floor
- 37th of 63
- Parking
- nan
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 37,900 /yr
- Last sold
- AED 2.65M · February 2024
About 3705, Paramount Tower Hotel & Residences Downtown
3705 is a three-bedroom apartment of 1,900 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. It last sold on 8 February 2024 for AED 2,650,000, or AED 1,394 per sqft, 20% below the AED 1,746 three-beds in the building were fetching at the time.
It has been rented continuously since 2025 on 4 Ejari contracts. The current contract, renewed on 20 July 2026, is AED 220,000 a year: a gross yield of 8.3% on the 2024 price, before the service charge of about AED 37,900 a year.
Sales and rents for 3705 over time
3705 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Paramount Tower Hotel & Residences Downtown, and where 3705 sits
All 78 3-beds →3705 last sold in February 2024 at AED 1,394 per sqft, 20% below what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,746). Over the last 12 months three-beds sold for AED 2,742,651 to 3,490,000, around AED 1,763 per sqft, and rent for AED 72,000 to 270,000 a year. 3705's AED 220,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,644 sqft | 2,742,651 | 1,668 | ||
| 9 Jun 20269 June 2026 | 1,644 sqft | 3,000,000 | 1,825 | ||
| 5 Jun 20265 June 2026 | 1,644 sqft | 2,794,398 | 1,700 | ||
| 5 Jan 20265 January 2026 | 1,645 sqft | 3,490,000 | 2,121 |
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 | |
| 3703 | 2-bed | 1,138 sqft | AED 1.97MAED 1,968,000 · Dec 2020December 2020 | 118,000 /yr | |
| 3704 | 2-bed | 1,163 sqft | AED 2.03MAED 2,025,000 · Jan 2023January 2023 | ||
| 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 |
3705, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 29 September 2020 for AED 2,850,000, last on 8 February 2024 for AED 2,650,000 (AED 1,394 per sqft).
- Rented since May 2025 on 4 Ejari contracts. The rent fell from AED 250,000 to AED 120,000 in 2026 and recovered to AED 220,000 by July 2026.
- At AED 220,000 a year the gross yield on the 2024 price is 8.3%, before a service charge of about AED 37,900 a year (AED 19.93 per sqft).
- Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651–3,490,000 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 20 July 2026.
Questions about 3705, Paramount Tower Hotel & Residences Downtown
What did unit 3705 last sell for?
AED 2,650,000 on 8 February 2024: AED 1,394 per sqft for 1,900 sqft. The unit has 2 registered sales; the first was AED 2,850,000 in September 2020.
What is the rent for unit 3705?
AED 220,000 a year on the contract renewed on 20 July 2026. The previous contract, from May 2026, was AED 120,000; the unit has been rented since May 2025.
How big is unit 3705?
1,900 sqft (176.5 sqm): a three-bedroom apartment on the 37th floor of a 63-storey tower completed in 2022.
What is unit 3705 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651 to 3,490,000 in the last 12 months, around AED 1,763 per sqft.
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Mortgage on 3705, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.65M, 8 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,650,000
- Deposit, UAE resident (20%)
- AED 530,000
- Deposit, non-resident (40%)
- AED 1,060,000
- Monthly over 25 years at 3.7%
- AED 10,842
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →