3902, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2015, 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 3902, Paramount Tower Hotel & Residences Downtown
What is 3902 worth today?
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Source: Dubai Land Department. Updated 5 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,167 sqft
- Floor
- 39th of 63
- Parking
- P7-42
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,300 /yr
- Last sold
- AED 2.14M · October 2015
About 3902, Paramount Tower Hotel & Residences Downtown
3902 is a two-bedroom apartment of 1,167 sqft on the 39th 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 28 October 2015 for AED 2,141,300, or AED 1,834 per sqft, 6% below the AED 1,941 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 July 2026, is AED 143,325 a year: a gross yield of 6.7% on the 2015 price, before the service charge of about AED 23,300 a year.
Sales and rents for 3902 over time
3902 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 3902 sits
All 329 2-beds →3902 last sold in October 2015 at AED 1,834 per sqft, 6% below what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,941). 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. 3902's AED 143,325 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 39th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3901 | 2-bed | 1,339 sqft | AED 2.4MAED 2,400,000 · Jul 2024July 2024 | 170,000 /yr | |
| 3903 | 2-bed | 1,121 sqft | AED 2.15MAED 2,150,000 · Mar 2023March 2023 | 160,000 /yr | |
| 3904 | 2-bed | 1,121 sqft | AED 2.18MAED 2,176,450 · Oct 2015October 2015 | 150,000 /yr | |
| 3905 | 2-bed | 1,166 sqft | AED 2.34MAED 2,339,000 · Sep 2024September 2024 | 190,000 /yr | |
| 3906 | 3-bed | 1,586 sqft | AED 2.64MAED 2,635,000 · Apr 2019April 2019 | ||
| 3907 | 3-bed | 1,645 sqft | AED 2.57MAED 2,570,607 · Nov 2021November 2021 | 220,000 /yr | |
| 3908 | 3-bed | 1,644 sqft | AED 2.74MAED 2,742,651 · Oct 2026October 2026 | 200,000 /yr | |
| 3909 | 2-bed | 1,221 sqft | AED 1.59MAED 1,588,080 · Aug 2020August 2020 | ||
| 3910 | 2-bed | 1,186 sqft | AED 1.67MAED 1,674,632 · Feb 2020February 2020 | ||
| 3911 | 2-bed | 1,290 sqft | AED 2.62MAED 2,620,100 · Jan 2016January 2016 | 130,000 /yr | |
| 3912 | 1-bed | 681 sqft | AED 1.15MAED 1,150,000 · Nov 2022November 2022 | 115,000 /yr | |
| 3913 | 1-bed | 679 sqft | AED 1.35MAED 1,345,000 · Jun 2019June 2019 | 90,000 /yr |
3902, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 28 October 2015 for AED 2,141,300, or AED 1,834 per sqft.
- Rented since May 2022 on 4 Ejari contracts, from AED 105,000 to AED 143,325 a year.
- At AED 143,325 a year the gross yield on the 2015 price is 6.7%, before a service charge of about AED 23,300 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 5 July 2026.
Questions about 3902, Paramount Tower Hotel & Residences Downtown
What did unit 3902 last sell for?
AED 2,141,300 on 28 October 2015, sold by the developer: AED 1,834 per sqft for 1,167 sqft. It is the only registered sale of the unit.
What is the rent for unit 3902?
AED 143,325 a year on the contract renewed on 5 July 2026. The previous contract, from July 2024, was AED 136,500; the unit has been rented since May 2022.
How big is unit 3902?
1,167 sqft (108.4 sqm): a two-bedroom apartment on the 39th floor of a 63-storey tower completed in 2022.
What is unit 3902 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 3902, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.14M, 28 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,141,300
- Deposit, UAE resident (20%)
- AED 428,260
- Deposit, non-resident (40%)
- AED 856,520
- Monthly over 25 years at 3.7%
- AED 8,761
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →