3803, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in September 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3803, Paramount Tower Hotel & Residences Downtown
What is 3803 worth today?
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Source: Dubai Land Department. Updated 10 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 38th of 63
- Parking
- P8-02
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.4M · September 2024
About 3803, Paramount Tower Hotel & Residences Downtown
3803 is a two-bedroom apartment of 1,121 sqft on the 38th 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 10 September 2024 for AED 2,400,000, or AED 2,140 per sqft, 19% above the AED 1,792 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 131,470 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 22,300 a year.
Sales and rents for 3803 over time
3803 has sold 3 times; 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 3803 sits
All 329 2-beds →3803 last sold in September 2024 at AED 2,140 per sqft, 19% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,792). 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. 3803's AED 131,470 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 38th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3801 | 2-bed | 1,341 sqft | AED 2.3MAED 2,300,000 · Jul 2024July 2024 | 180,000 /yr | |
| 3802 | 2-bed | 1,167 sqft | AED 1.39MAED 1,390,000 · May 2021May 2021 | 155,000 /yr | |
| 3804 | 2-bed | 1,107 sqft | AED 2.2MAED 2,200,000 · Jan 2019January 2019 | 160,000 /yr | |
| 3805 | 2-bed | 1,166 sqft | AED 2.15MAED 2,150,000 · Apr 2023April 2023 | ||
| 3806 | 3-bed | 1,586 sqft | AED 2.75MAED 2,750,000 · Feb 2024February 2024 | 220,000 /yr | |
| 3807 | 3-bed | 1,645 sqft | AED 2.73MAED 2,729,103 · Dec 2021December 2021 | 220,000 /yr | |
| 3808 | 3-bed | 1,644 sqft | AED 2.98MAED 2,975,000 · Aug 2025August 2025 | ||
| 3809 | 2-bed | 1,221 sqft | AED 2.5MAED 2,500,000 · Jun 2023June 2023 | 160,000 /yr | |
| 3810 | 2-bed | 1,186 sqft | AED 2.4MAED 2,400,000 · Aug 2025August 2025 | 175,151 /yr | |
| 3811 | 2-bed | 1,331 sqft | AED 1.74MAED 1,739,358 · Feb 2020February 2020 |
3803, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 28 October 2015 for AED 2,176,450, last on 10 September 2024 for AED 2,400,000 (AED 2,140 per sqft).
- Rented since September 2022 on 3 Ejari contracts, from AED 125,000 to AED 131,470 a year.
- At AED 131,470 a year the gross yield on the 2024 price is 5.5%, before a service charge of about AED 22,300 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 10 September 2024.
Questions about 3803, Paramount Tower Hotel & Residences Downtown
What did unit 3803 last sell for?
AED 2,400,000 on 10 September 2024: AED 2,140 per sqft for 1,121 sqft. The unit has 3 registered sales; the first was AED 2,176,450 in October 2015.
What is the rent for unit 3803?
AED 131,470 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 120,000; the unit has been rented since September 2022.
How big is unit 3803?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 38th floor of a 63-storey tower completed in 2022.
What is unit 3803 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 3803, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.4M, 10 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,400,000
- Deposit, UAE resident (20%)
- AED 480,000
- Deposit, non-resident (40%)
- AED 960,000
- Monthly over 25 years at 3.7%
- AED 9,819
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →