3709, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in April 2021, 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 3709, Paramount Tower Hotel & Residences Downtown
What is 3709 worth today?
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Source: Dubai Land Department. Updated 19 April 2021.
Key facts
- Type
- Studio apartment
- Size
- 523 sqft
- Floor
- 37th of 63
- Parking
- P8-11
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 10,400 /yr
- Last sold
- AED 943K · April 2021
About 3709, Paramount Tower Hotel & Residences Downtown
3709 is a studio of 523 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 19 April 2021 for AED 943,280, or AED 1,804 per sqft, 21% below the AED 2,298 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 3709 over time
3709 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 3709 sits
All 203 studios →3709 last sold in April 2021 at AED 1,804 per sqft, 21% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,298). 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.
| 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 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 | |
| 3708 | 2-bed | 1,243 sqft | AED 1.9MAED 1,900,000 · Aug 2020August 2020 |
3709, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 19 April 2021 for AED 943,280, or AED 1,804 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 19 April 2021.
Questions about 3709, Paramount Tower Hotel & Residences Downtown
What did unit 3709 last sell for?
AED 943,280 on 19 April 2021, sold by the developer: AED 1,804 per sqft for 523 sqft. It is the only registered sale of the unit.
How big is unit 3709?
523 sqft (48.6 sqm): a studio on the 37th floor of a 63-storey tower completed in 2022.
What is unit 3709 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 3709, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 943K, 19 April 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 943,280
- Deposit, UAE resident (20%)
- AED 188,656
- Deposit, non-resident (40%)
- AED 377,312
- Monthly over 25 years at 3.7%
- AED 3,859
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →