4003, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in February 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4003, Paramount Tower Hotel & Residences Downtown
What is 4003 worth today?
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Source: Dubai Land Department. Updated 1 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 40th of 63
- Parking
- P7-30
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2M · February 2024
About 4003, Paramount Tower Hotel & Residences Downtown
4003 is a two-bedroom apartment of 1,121 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. It last sold on 22 February 2024 for AED 2,000,000, or AED 1,783 per sqft, in line with the AED 1,792 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 1 November 2025, is AED 130,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4003 over time
4003 has sold twice; 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 4003 sits
All 329 2-beds →4003 last sold in February 2024 at AED 1,783 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,792). 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. 4003's AED 130,000 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 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 | ||
| 4002 | 2-bed | 1,167 sqft | AED 2.16MAED 2,163,150 · Apr 2016April 2016 | 165,000 /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 |
4003, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 6 September 2018 for AED 2,199,780, last on 22 February 2024 for AED 2,000,000 (AED 1,783 per sqft).
- Rented since June 2024 on 3 Ejari contracts, from AED 120,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 22,300 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 1 November 2025.
Questions about 4003, Paramount Tower Hotel & Residences Downtown
What did unit 4003 last sell for?
AED 2,000,000 on 22 February 2024: AED 1,783 per sqft for 1,121 sqft. The unit has 2 registered sales; the first was AED 2,199,780 in September 2018.
What is the rent for unit 4003?
AED 130,000 a year on the contract signed on 1 November 2025. The previous contract, from June 2024, was AED 120,000; the unit has been rented since June 2024.
How big is unit 4003?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 40th floor of a 63-storey tower completed in 2022.
What is unit 4003 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 4003, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2M, 22 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →