4012, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4012, Paramount Tower Hotel & Residences Downtown
What is 4012 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 681 sqft
- Floor
- 40th of 63
- Parking
- P7-36
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,600 /yr
- Last sold
- AED 1.19M · October 2019
About 4012, Paramount Tower Hotel & Residences Downtown
4012 is a one-bedroom apartment of 681 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 3 October 2019 for AED 1,190,000, or AED 1,748 per sqft, in line with the AED 1,799 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 125,000 a year: a gross yield of 10.5% on the 2019 price, before the service charge of about AED 13,600 a year.
Sales and rents for 4012 over time
4012 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Paramount Tower Hotel & Residences Downtown, and where 4012 sits
All 174 1-beds →4012 last sold in October 2019 at AED 1,748 per sqft, in line with what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,799). Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,119 per sqft, and rent for AED 90,000 to 147,500 a year. 4012's AED 125,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 679 sqft | 1,400,000 | 2,062 | ||
| 16 Jun 202616 June 2026 | 843 sqft | 2,018,990 | 2,395 | ||
| 18 May 202618 May 2026 | 974 sqft | 2,000,000 | 2,054 | ||
| 8 May 20268 May 2026 | 681 sqft | 1,650,000 | 2,423 |
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 | |
| 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 | ||
| 4013 | 1-bed | 676 sqft | AED 1.18MAED 1,183,000 · Sep 2019September 2019 | 97,000 /yr |
4012, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 3 October 2019 for AED 1,190,000, or AED 1,748 per sqft.
- Rented since September 2022 on 5 Ejari contracts, from AED 80,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2019 price is 10.5%, before a service charge of about AED 13,600 a year (AED 19.93 per sqft).
- One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000–2,100,000 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 15 October 2026.
Questions about 4012, Paramount Tower Hotel & Residences Downtown
What did unit 4012 last sell for?
AED 1,190,000 on 3 October 2019, sold by the developer: AED 1,748 per sqft for 681 sqft. It is the only registered sale of the unit.
What is the rent for unit 4012?
AED 125,000 a year on the contract renewed on 15 October 2026. The previous contract, from October 2025, was AED 125,000; the unit has been rented since September 2022.
How big is unit 4012?
681 sqft (63.3 sqm): a one-bedroom apartment on the 40th floor of a 63-storey tower completed in 2022.
What is unit 4012 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,119 per sqft.
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Mortgage on 4012, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.19M, 3 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,190,000
- Deposit, UAE resident (20%)
- AED 238,000
- Deposit, non-resident (40%)
- AED 476,000
- Monthly over 25 years at 3.7%
- AED 4,869
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →