3806, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3806, Paramount Tower Hotel & Residences Downtown
What is 3806 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 8 March 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,586 sqft
- Floor
- 38th of 63
- Parking
- P2-03
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 2.75M · February 2024
About 3806, Paramount Tower Hotel & Residences Downtown
3806 is a three-bedroom apartment of 1,586 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 5 February 2024 for AED 2,750,000, or AED 1,734 per sqft, in line with the AED 1,757 three-beds in the building were fetching at the time.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 8 March 2026, is AED 220,000 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 31,600 a year.
Sales and rents for 3806 over time
3806 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 3806 sits
All 78 3-beds →3806 last sold in February 2024 at AED 1,734 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,757). 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. 3806'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 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 | |
| 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 | ||
| 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 |
3806, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 24 October 2021 for AED 2,541,405, last on 5 February 2024 for AED 2,750,000 (AED 1,734 per sqft).
- Rented since March 2024 on 4 Ejari contracts, at AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2024 price is 8.0%, before a service charge of about AED 31,600 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 8 March 2026.
Questions about 3806, Paramount Tower Hotel & Residences Downtown
What did unit 3806 last sell for?
AED 2,750,000 on 5 February 2024: AED 1,734 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 2,541,405 in October 2021.
What is the rent for unit 3806?
AED 220,000 a year on the contract renewed on 8 March 2026. The previous contract, from March 2025, was AED 220,000; the unit has been rented since March 2024.
How big is unit 3806?
1,586 sqft (147.3 sqm): a three-bedroom apartment on the 38th floor of a 63-storey tower completed in 2022.
What is unit 3806 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.
Selling 3806? 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 3806, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.75M, 5 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,750,000
- Deposit, UAE resident (20%)
- AED 550,000
- Deposit, non-resident (40%)
- AED 1,100,000
- Monthly over 25 years at 3.7%
- AED 11,251
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →