2-bed · 1,339 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 41st floor · completed 2022

4101, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold once, by the developer in March 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4101 · DLD and Ejari recordsUpdated 15 March 2022
Last soldAED 2.1M15 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4101, Paramount Tower Hotel & Residences Downtown

What is 4101 worth today?

Last sold for AED 2,095,535 in 2022

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15 Mar 2022Sold by developerReady
AED 2,095,535AED 1,564 per sqft

Source: Dubai Land Department. Updated 15 March 2022.

Key facts

Type
2-bed apartment
Size
1,339 sqft
Floor
41st of 63
Parking
P7-18
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 26,700 /yr
Last sold
AED 2.1M · March 2022

About 4101, Paramount Tower Hotel & Residences Downtown

4101 is a two-bedroom apartment of 1,339 sqft on the 41st 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 15 March 2022 for AED 2,095,535, or AED 1,564 per sqft, in line with the AED 1,569 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4101 over time

Sales
Unit 4101, each saleTypical two-bed in Paramount Tower Hotel & Residences Downtown
2M2.5M20152018202120242027Typical sale price by year: 2015 AED 2,242,950; 2016 AED 2,208,745; 2017 AED 2,214,000; 2018 AED 2,293,890; 2019 AED 2,144,000; 2020 AED 1,660,497; 2021 AED 1,965,408; 2022 AED 2,000,050; 2023 AED 2,150,000; 2024 AED 2,350,000; 2025 AED 2,400,000; 2026 AED 2,550,000Sold by developer, March 2022: AED 2,095,535 (AED 1,564 per sqft)

4101 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4101, each contractTypical two-bed in Paramount Tower Hotel & Residences Downtown
125K150K175K202220242026Typical rent by year: 2022 AED 120,000; 2023 AED 140,000; 2024 AED 166,500; 2025 AED 175,000; 2026 AED 155,000

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 4101 sits

All 329 2-beds →

4101 last sold in March 2022 at AED 1,564 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,569). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Sep 20262,350,000
13 Aug 20262,725,000
25 Jun 20263,200,000
6 May 20262,800,000
14 2-bed sales in the last 12 months

Paramount Tower Hotel & Residences Downtown

Building

784 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%
Paramount Tower Hotel & Residences Downtown, Business Bay: prices, sales and rents →
Value
41022-bedAED 2.35M · Sep 2026
41032-bedAED 1.91M · Oct 2022
41042-bedAED 2.5M · Jul 2023
41052-bedAED 1.79M · May 2022
41063-bedAED 3.84M · Mar 2024
41073-bedAED 3.4M · Oct 2015
41083-bedAED 2.79M · Jun 2026
1–7 of 12

4101, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold once: by Namaa Properties Development on 15 March 2022 for AED 2,095,535, or AED 1,564 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 15 March 2022.

Questions about 4101, Paramount Tower Hotel & Residences Downtown

What did unit 4101 last sell for?

AED 2,095,535 on 15 March 2022, sold by the developer: AED 1,564 per sqft for 1,339 sqft. It is the only registered sale of the unit.

How big is unit 4101?

1,339 sqft (124.4 sqm): a two-bedroom apartment on the 41st floor of a 63-storey tower completed in 2022.

What is unit 4101 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 4101, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 2.1M, 15 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,095,535
Deposit, UAE resident (20%)
AED 419,107
Deposit, non-resident (40%)
AED 838,214
Monthly over 25 years at 3.7%
AED 8,573

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →