4111, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in November 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4111, Paramount Tower Hotel & Residences Downtown
What is 4111 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 13 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,290 sqft
- Floor
- 41st of 63
- Parking
- P7-25
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 25,700 /yr
- Last sold
- AED 2.38M · November 2024
About 4111, Paramount Tower Hotel & Residences Downtown
4111 is a two-bedroom apartment of 1,290 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. It last sold on 13 November 2024 for AED 2,375,000, or AED 1,841 per sqft, in line with the AED 1,792 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 May 2024, is AED 160,000 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 25,700 a year.
Sales and rents for 4111 over time
4111 has sold twice; the dashed line is the two-bed median of each year in the building.
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 4111 sits
All 329 2-beds →4111 last sold in November 2024 at AED 1,841 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,792). 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. 4111's AED 160,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 1,167 sqft | 2,350,000 | 2,013 | ||
| 13 Aug 202613 August 2026 | 1,364 sqft | 2,725,000 | 1,997 | ||
| 25 Jun 202625 June 2026 | 1,364 sqft | 3,200,000 | 2,346 | ||
| 6 May 20266 May 2026 | 1,364 sqft | 2,800,000 | 2,052 |
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 41st floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4101 | 2-bed | 1,339 sqft | AED 2.1MAED 2,095,535 · Mar 2022March 2022 | ||
| 4102 | 2-bed | 1,167 sqft | AED 2.35MAED 2,350,000 · Sep 2026September 2026 | 175,200 /yr | |
| 4103 | 2-bed | 1,121 sqft | AED 1.91MAED 1,910,000 · Oct 2022October 2022 | ||
| 4104 | 2-bed | 1,121 sqft | AED 2.5MAED 2,500,000 · Jul 2023July 2023 | ||
| 4105 | 2-bed | 1,166 sqft | AED 1.79MAED 1,790,000 · May 2022May 2022 | 185,000 /yr | |
| 4106 | 3-bed | 1,586 sqft | AED 3.84MAED 3,835,200 · Mar 2024March 2024 | 250,000 /yr | |
| 4107 | 3-bed | 1,645 sqft | AED 3.4MAED 3,402,900 · Oct 2015October 2015 | 230,641 /yr | |
| 4108 | 3-bed | 1,644 sqft | AED 2.79MAED 2,794,398 · Jun 2026June 2026 | ||
| 4109 | 2-bed | 1,221 sqft | AED 2.4MAED 2,400,000 · Jan 2026January 2026 | ||
| 4110 | 2-bed | 1,170 sqft | AED 1.99MAED 1,987,000 · Mar 2019March 2019 | 157,300 /yr | |
| 4112 | 1-bed | 681 sqft | AED 1.3MAED 1,300,000 · Mar 2023March 2023 | 95,000 /yr | |
| 4113 | 1-bed | 679 sqft | AED 1.33MAED 1,331,550 · Oct 2019October 2019 | 95,000 /yr |
4111, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 28 January 2022 for AED 1,992,144, last on 13 November 2024 for AED 2,375,000 (AED 1,841 per sqft).
- Rented since October 2022 on 2 Ejari contracts, from AED 110,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2024 price is 6.7%, before a service charge of about AED 25,700 a year (AED 19.93 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 13 November 2024.
Questions about 4111, Paramount Tower Hotel & Residences Downtown
What did unit 4111 last sell for?
AED 2,375,000 on 13 November 2024: AED 1,841 per sqft for 1,290 sqft. The unit has 2 registered sales; the first was AED 1,992,144 in January 2022.
What is the rent for unit 4111?
AED 160,000 a year on the contract signed on 1 May 2024. The previous contract, from October 2022, was AED 110,000.
How big is unit 4111?
1,290 sqft (119.8 sqm): a two-bedroom apartment on the 41st floor of a 63-storey tower completed in 2022.
What is unit 4111 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.
Selling 4111? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 4111, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.38M, 13 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,375,000
- Deposit, UAE resident (20%)
- AED 475,000
- Deposit, non-resident (40%)
- AED 950,000
- Monthly over 25 years at 3.7%
- AED 9,717
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →