4004, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in December 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4004, Paramount Tower Hotel & Residences Downtown
What is 4004 worth today?
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Source: Dubai Land Department. Updated 19 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 40th of 63
- Parking
- P7-31
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.4M · December 2024
About 4004, Paramount Tower Hotel & Residences Downtown
4004 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 19 December 2024 for AED 2,400,000, or AED 2,140 per sqft, 16% above the AED 1,848 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 March 2024, is AED 160,000 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4004 over time
4004 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 4004 sits
All 329 2-beds →4004 last sold in December 2024 at AED 2,140 per sqft, 16% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,848). 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. 4004's AED 160,000 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 | ||
| 4002 | 2-bed | 1,167 sqft | AED 2.16MAED 2,163,150 · Apr 2016April 2016 | 165,000 /yr | |
| 4003 | 2-bed | 1,121 sqft | AED 2MAED 2,000,000 · Feb 2024February 2024 | 130,000 /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 |
4004, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 19 November 2015 for AED 2,154,685, last on 19 December 2024 for AED 2,400,000 (AED 2,140 per sqft).
- Rented since September 2022 on 2 Ejari contracts, from AED 120,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2024 price is 6.7%, 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 19 December 2024.
Questions about 4004, Paramount Tower Hotel & Residences Downtown
What did unit 4004 last sell for?
AED 2,400,000 on 19 December 2024: AED 2,140 per sqft for 1,121 sqft. The unit has 2 registered sales; the first was AED 2,154,685 in November 2015.
What is the rent for unit 4004?
AED 160,000 a year on the contract signed on 1 March 2024. The previous contract, from September 2022, was AED 120,000.
How big is unit 4004?
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 4004 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 4004, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.4M, 19 December 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,400,000
- Deposit, UAE resident (20%)
- AED 480,000
- Deposit, non-resident (40%)
- AED 960,000
- Monthly over 25 years at 3.7%
- AED 9,819
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →