4006, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in February 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4006, Paramount Tower Hotel & Residences Downtown
What is 4006 worth today?
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Source: Dubai Land Department. Updated 20 January 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,522 sqft
- Floor
- 40th of 63
- Parking
- P2-09
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 30,300 /yr
- Last sold
- AED 2.64M · February 2019
About 4006, Paramount Tower Hotel & Residences Downtown
4006 is a three-bedroom apartment of 1,522 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 25 February 2019 for AED 2,641,000, or AED 1,735 per sqft.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 20 January 2025, is AED 195,000 a year: a gross yield of 7.4% on the 2019 price, before the service charge of about AED 30,300 a year.
Sales and rents for 4006 over time
4006 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 4006 sits
All 78 3-beds →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. 4006's AED 195,000 is in the upper half of that range.
| 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 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 | |
| 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 | ||
| 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 |
4006, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 25 February 2019 for AED 2,641,000, or AED 1,735 per sqft.
- Rented since September 2022 on 3 Ejari contracts, from AED 175,000 to AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2019 price is 7.4%, before a service charge of about AED 30,300 a year (AED 19.93 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 20 January 2025.
Questions about 4006, Paramount Tower Hotel & Residences Downtown
What did unit 4006 last sell for?
AED 2,641,000 on 25 February 2019, sold by the developer: AED 1,735 per sqft for 1,522 sqft. It is the only registered sale of the unit.
What is the rent for unit 4006?
AED 195,000 a year on the contract renewed on 20 January 2025. The previous contract, from January 2024, was AED 190,000; the unit has been rented since September 2022.
How big is unit 4006?
1,522 sqft (141.4 sqm): a three-bedroom apartment on the 40th floor of a 63-storey tower completed in 2022.
What is unit 4006 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 4006, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.64M, 25 February 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,641,000
- Deposit, UAE resident (20%)
- AED 528,200
- Deposit, non-resident (40%)
- AED 1,056,400
- Monthly over 25 years at 3.7%
- AED 10,805
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →