4202, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in January 2024, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4202, Paramount Tower Hotel & Residences Downtown
What is 4202 worth today?
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Source: Dubai Land Department. Updated 4 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,167 sqft
- Floor
- 42nd of 63
- Parking
- P7-09
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,300 /yr
- Last sold
- AED 2.43M · January 2024
About 4202, Paramount Tower Hotel & Residences Downtown
4202 is a two-bedroom apartment of 1,167 sqft on the 42nd 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 15 January 2024 for AED 2,425,000, or AED 2,077 per sqft, 16% above the AED 1,792 two-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, signed on 4 August 2026, is AED 155,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 23,300 a year.
Sales and rents for 4202 over time
4202 has sold 3 times; 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 4202 sits
All 329 2-beds →4202 last sold in January 2024 at AED 2,077 per sqft, 16% above 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. 4202's AED 155,000 is in the lower 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 42nd floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4201 | 2-bed | 1,339 sqft | AED 2.4MAED 2,400,000 · Nov 2023November 2023 | 190,000 /yr | |
| 4203 | 2-bed | 1,121 sqft | AED 1.87MAED 1,870,949 · Nov 2021November 2021 | 150,000 /yr | |
| 4204 | 2-bed | 1,121 sqft | AED 2.09MAED 2,089,640 · Feb 2016February 2016 | 160,000 /yr | |
| 4205 | 2-bed | 1,166 sqft | AED 2.36MAED 2,362,650 · Oct 2015October 2015 | 145,000 /yr | |
| 4206 | 3-bed | 1,586 sqft | AED 2.6MAED 2,600,000 · Mar 2023March 2023 | ||
| 4207 | 3-bed | 1,645 sqft | AED 2.76MAED 2,755,519 · Feb 2022February 2022 | 214,884 /yr | |
| 4208 | 3-bed | 1,644 sqft | AED 2.31MAED 2,312,000 · Jul 2020July 2020 | ||
| 4209 | 2-bed | 1,221 sqft | AED 2.46MAED 2,460,500 · Oct 2015October 2015 | 140,000 /yr | |
| 4210 | 2-bed | 1,186 sqft | AED 2.1MAED 2,100,000 · Nov 2024November 2024 | 180,000 /yr | |
| 4211 | 2-bed | 1,290 sqft | AED 2.04MAED 2,038,080 · Feb 2022February 2022 | 175,000 /yr | |
| 4212 | 1-bed | 681 sqft | AED 1.65MAED 1,650,000 · Apr 2023April 2023 | 105,000 /yr | |
| 4213 | 1-bed | 679 sqft | AED 1.15MAED 1,152,360 · Oct 2019October 2019 | 110,000 /yr |
4202, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 4 October 2015 for AED 2,185,000, last on 15 January 2024 for AED 2,425,000 (AED 2,077 per sqft).
- Rented since April 2023 on 5 Ejari contracts, from AED 150,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2024 price is 6.4%, before a service charge of about AED 23,300 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 4 August 2026.
Questions about 4202, Paramount Tower Hotel & Residences Downtown
What did unit 4202 last sell for?
AED 2,425,000 on 15 January 2024: AED 2,077 per sqft for 1,167 sqft. The unit has 3 registered sales; the first was AED 2,185,000 in October 2015.
What is the rent for unit 4202?
AED 155,000 a year on the contract signed on 4 August 2026. The previous contract, from July 2025, was AED 200,000; the unit has been rented since April 2023.
How big is unit 4202?
1,167 sqft (108.4 sqm): a two-bedroom apartment on the 42nd floor of a 63-storey tower completed in 2022.
What is unit 4202 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 4202, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.43M, 15 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,425,000
- Deposit, UAE resident (20%)
- AED 485,000
- Deposit, non-resident (40%)
- AED 970,000
- Monthly over 25 years at 3.7%
- AED 9,921
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →