3708, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in August 2020, 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 3708, Paramount Tower Hotel & Residences Downtown
What is 3708 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 6 August 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,243 sqft
- Floor
- 37th of 63
- Parking
- P8-10
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 24,800 /yr
- Last sold
- AED 1.9M · August 2020
About 3708, Paramount Tower Hotel & Residences Downtown
3708 is a two-bedroom apartment of 1,243 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 6 August 2020 for AED 1,900,000, or AED 1,528 per sqft, 16% above the AED 1,316 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 3708 over time
3708 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 3708 sits
All 329 2-beds →3708 last sold in August 2020 at AED 1,528 per sqft, 16% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,316). 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.
| 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 | |
| 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 | ||
| 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 | |
| 3709 | Studio | 523 sqft | AED 943KAED 943,280 · Apr 2021April 2021 |
3708, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 6 August 2020 for AED 1,900,000, or AED 1,528 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 6 August 2020.
Questions about 3708, Paramount Tower Hotel & Residences Downtown
What did unit 3708 last sell for?
AED 1,900,000 on 6 August 2020, sold by the developer: AED 1,528 per sqft for 1,243 sqft. It is the only registered sale of the unit.
How big is unit 3708?
1,243 sqft (115.5 sqm): a two-bedroom apartment on the 37th floor of a 63-storey tower completed in 2022.
What is unit 3708 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.
Selling 3708? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 3708, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.9M, 6 August 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →