4002, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in April 2016, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4002, Paramount Tower Hotel & Residences Downtown
What is 4002 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 22 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,167 sqft
- Floor
- 40th of 63
- Parking
- P7-29
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,300 /yr
- Last sold
- AED 2.16M · April 2016
About 4002, Paramount Tower Hotel & Residences Downtown
4002 is a two-bedroom apartment of 1,167 sqft on the 40th 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 6 April 2016 for AED 2,163,150, or AED 1,853 per sqft, 5% below the AED 1,941 two-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 22 July 2026, is AED 165,000 a year: a gross yield of 7.6% on the 2016 price, before the service charge of about AED 23,300 a year.
Sales and rents for 4002 over time
4002 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 4002 sits
All 329 2-beds →4002 last sold in April 2016 at AED 1,853 per sqft, 5% 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. 4002's AED 165,000 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 40th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4001 | 2-bed | 1,340 sqft | AED 2.22MAED 2,224,079 · Dec 2021December 2021 | ||
| 4003 | 2-bed | 1,121 sqft | AED 2MAED 2,000,000 · Feb 2024February 2024 | 130,000 /yr | |
| 4004 | 2-bed | 1,121 sqft | AED 2.4MAED 2,400,000 · Dec 2024December 2024 | 160,000 /yr | |
| 4005 | 2-bed | 1,166 sqft | AED 1.78MAED 1,783,723 · Nov 2021November 2021 | ||
| 4006 | 3-bed | 1,522 sqft | AED 2.64MAED 2,641,000 · Feb 2019February 2019 | 195,000 /yr | |
| 4007 | 3-bed | 1,645 sqft | AED 3.49MAED 3,490,000 · Jan 2026January 2026 | 250,000 /yr | |
| 4008 | 3-bed | 1,644 sqft | AED 2.95MAED 2,950,000 · Apr 2023April 2023 | 220,000 /yr | |
| 4009 | 2-bed | 1,221 sqft | AED 2.2MAED 2,200,000 · Feb 2025February 2025 | 140,000 /yr | |
| 4010 | 2-bed | 593 sqft | AED 2.28MAED 2,276,200 · Oct 2015October 2015 | 155,000 /yr | |
| 4011 | 2-bed | 1,290 sqft | AED 2.16MAED 2,159,520 · May 2021May 2021 | ||
| 4012 | 1-bed | 681 sqft | AED 1.19MAED 1,190,000 · Oct 2019October 2019 | 125,000 /yr | |
| 4013 | 1-bed | 676 sqft | AED 1.18MAED 1,183,000 · Sep 2019September 2019 | 97,000 /yr |
4002, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 6 April 2016 for AED 2,163,150, or AED 1,853 per sqft.
- Rented since December 2024 on 3 Ejari contracts, from AED 175,000 to AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2016 price is 7.6%, 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 22 July 2026.
Questions about 4002, Paramount Tower Hotel & Residences Downtown
What did unit 4002 last sell for?
AED 2,163,150 on 6 April 2016, sold by the developer: AED 1,853 per sqft for 1,167 sqft. It is the only registered sale of the unit.
What is the rent for unit 4002?
AED 165,000 a year on the contract signed on 22 July 2026. The previous contract, from February 2026, was AED 200,000; the unit has been rented since December 2024.
How big is unit 4002?
1,167 sqft (108.4 sqm): a two-bedroom apartment on the 40th floor of a 63-storey tower completed in 2022.
What is unit 4002 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.
Selling 4002? 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 4002, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.16M, 6 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,163,150
- Deposit, UAE resident (20%)
- AED 432,630
- Deposit, non-resident (40%)
- AED 865,260
- Monthly over 25 years at 3.7%
- AED 8,850
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →