3906, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in April 2019, 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 3906, Paramount Tower Hotel & Residences Downtown
What is 3906 worth today?
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Source: Dubai Land Department. Updated 23 April 2019.
Key facts
- Type
- 3-bed apartment
- Size
- 1,586 sqft
- Floor
- 39th of 63
- Parking
- P2-06
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 2.64M · April 2019
About 3906, Paramount Tower Hotel & Residences Downtown
3906 is a three-bedroom apartment of 1,586 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 23 April 2019 for AED 2,635,000, or AED 1,731 per sqft, in line with the AED 1,733 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 3906 over time
3906 has sold once; 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 3906 sits
All 78 3-beds →3906 last sold in April 2019 at AED 1,731 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,733). 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.
| 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 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 | |
| 3902 | 2-bed | 1,167 sqft | AED 2.14MAED 2,141,300 · Oct 2015October 2015 | 143,325 /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 | |
| 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 |
3906, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 23 April 2019 for AED 2,635,000, or AED 1,731 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 23 April 2019.
Questions about 3906, Paramount Tower Hotel & Residences Downtown
What did unit 3906 last sell for?
AED 2,635,000 on 23 April 2019, sold by the developer: AED 1,731 per sqft for 1,586 sqft. It is the only registered sale of the unit.
How big is unit 3906?
1,586 sqft (147.3 sqm): a three-bedroom apartment on the 39th floor of a 63-storey tower completed in 2022.
What is unit 3906 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.
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Mortgage on 3906, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.64M, 23 April 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,635,000
- Deposit, UAE resident (20%)
- AED 527,000
- Deposit, non-resident (40%)
- AED 1,054,000
- Monthly over 25 years at 3.7%
- AED 10,781
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →