4008, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in April 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4008, Paramount Tower Hotel & Residences Downtown
What is 4008 worth today?
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Source: Dubai Land Department. Updated 23 February 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 40th of 63
- Parking
- P2-11
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.95M · April 2023
About 4008, Paramount Tower Hotel & Residences Downtown
4008 is a three-bedroom apartment of 1,644 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 26 April 2023 for AED 2,950,000, or AED 1,794 per sqft, in line with the AED 1,794 three-beds in the building were fetching at the time.
It has been rented since 2025 on 3 Ejari contracts. The current contract, signed on 23 February 2026, is AED 220,000 a year: a gross yield of 7.5% on the 2023 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4008 over time
4008 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 4008 sits
All 78 3-beds →4008 last sold in April 2023 at AED 1,794 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,794). 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. 4008's AED 220,000 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 | ||
| 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 | |
| 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 |
4008, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 29 December 2015 for AED 3,002,400, last on 26 April 2023 for AED 2,950,000 (AED 1,794 per sqft).
- Rented since February 2025 on 3 Ejari contracts, at AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2023 price is 7.5%, 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 23 February 2026.
Questions about 4008, Paramount Tower Hotel & Residences Downtown
What did unit 4008 last sell for?
AED 2,950,000 on 26 April 2023: AED 1,794 per sqft for 1,644 sqft. The unit has 3 registered sales; the first was AED 3,002,400 in December 2015.
What is the rent for unit 4008?
AED 220,000 a year on the contract signed on 23 February 2026. The previous contract, from February 2025, was AED 220,000; the unit has been rented since February 2025.
How big is unit 4008?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 40th floor of a 63-storey tower completed in 2022.
What is unit 4008 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 4008, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.95M, 26 April 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,950,000
- Deposit, UAE resident (20%)
- AED 590,000
- Deposit, non-resident (40%)
- AED 1,180,000
- Monthly over 25 years at 3.7%
- AED 12,069
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →