3804, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in January 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3804, Paramount Tower Hotel & Residences Downtown
What is 3804 worth today?
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Source: Dubai Land Department. Updated 5 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,107 sqft
- Floor
- 38th of 63
- Parking
- P8-03
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,100 /yr
- Last sold
- AED 2.2M · January 2019
About 3804, Paramount Tower Hotel & Residences Downtown
3804 is a two-bedroom apartment of 1,107 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. The developer sold it on 20 January 2019 for AED 2,200,000, or AED 1,987 per sqft, in line with the AED 1,987 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 5 October 2025, is AED 160,000 a year: a gross yield of 7.3% on the 2019 price, before the service charge of about AED 22,100 a year.
Sales and rents for 3804 over time
3804 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 3804 sits
All 329 2-beds →3804 last sold in January 2019 at AED 1,987 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,987). 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. 3804's AED 160,000 is in the upper 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 | |
| 3803 | 2-bed | 1,121 sqft | AED 2.4MAED 2,400,000 · Sep 2024September 2024 | 131,470 /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 |
3804, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 20 January 2019 for AED 2,200,000, or AED 1,987 per sqft.
- Rented since August 2022 on 4 Ejari contracts, from AED 130,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2019 price is 7.3%, before a service charge of about AED 22,100 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 5 October 2025.
Questions about 3804, Paramount Tower Hotel & Residences Downtown
What did unit 3804 last sell for?
AED 2,200,000 on 20 January 2019, sold by the developer: AED 1,987 per sqft for 1,107 sqft. It is the only registered sale of the unit.
What is the rent for unit 3804?
AED 160,000 a year on the contract renewed on 5 October 2025. The previous contract, from October 2024, was AED 160,000; the unit has been rented since August 2022.
How big is unit 3804?
1,107 sqft (102.8 sqm): a two-bedroom apartment on the 38th floor of a 63-storey tower completed in 2022.
What is unit 3804 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 3804, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 20 January 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,200,000
- Deposit, UAE resident (20%)
- AED 440,000
- Deposit, non-resident (40%)
- AED 880,000
- Monthly over 25 years at 3.7%
- AED 9,001
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →