4007, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in January 2026, and rented once, from April 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4007, Paramount Tower Hotel & Residences Downtown
What is 4007 worth today?
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Source: Dubai Land Department. Updated 1 April 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 40th of 63
- Parking
- P2-10
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 3.49M · January 2026
About 4007, Paramount Tower Hotel & Residences Downtown
4007 is a three-bedroom apartment of 1,645 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 5 January 2026 for AED 3,490,000, or AED 2,121 per sqft, 17% above the AED 1,809 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 April 2026. The current contract, signed on 1 April 2026, is AED 250,000 a year: a gross yield of 7.2% on the 2026 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4007 over time
4007 has sold 3 times; 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 4007 sits
All 78 3-beds →4007 last sold in January 2026 at AED 2,121 per sqft, 17% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,809). 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. 4007's AED 250,000 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 | ||
| 22 Aug 202522 August 2025 | 1,644 sqft | 2,975,000 | 1,809 |
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 | ||
| 4006 | 3-bed | 1,522 sqft | AED 2.64MAED 2,641,000 · Feb 2019February 2019 | 195,000 /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 |
4007, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 3 August 2017 for AED 3,318,000, last on 5 January 2026 for AED 3,490,000 (AED 2,121 per sqft).
- Rented since April 2026 on one Ejari contract, at AED 250,000 a year.
- At AED 250,000 a year the gross yield on the 2026 price is 7.2%, before a service charge of about AED 32,800 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 1 April 2026.
Questions about 4007, Paramount Tower Hotel & Residences Downtown
What did unit 4007 last sell for?
AED 3,490,000 on 5 January 2026: AED 2,121 per sqft for 1,645 sqft. The unit has 3 registered sales; the first was AED 3,318,000 in August 2017.
What is the rent for unit 4007?
AED 250,000 a year on the contract signed on 1 April 2026.
How big is unit 4007?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 40th floor of a 63-storey tower completed in 2022.
What is unit 4007 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 4007, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.49M, 5 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 3,490,000
- Deposit, UAE resident (20%)
- AED 698,000
- Deposit, non-resident (40%)
- AED 1,396,000
- Monthly over 25 years at 3.7%
- AED 14,279
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →