4204, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in February 2016, 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 4204, Paramount Tower Hotel & Residences Downtown
What is 4204 worth today?
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Source: Dubai Land Department. Updated 23 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 42nd of 63
- Parking
- P7-11
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.09M · February 2016
About 4204, Paramount Tower Hotel & Residences Downtown
4204 is a two-bedroom apartment of 1,121 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. The developer sold it on 21 February 2016 for AED 2,089,640, or AED 1,863 per sqft, 4% below the AED 1,941 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 23 July 2026, is AED 160,000 a year: a gross yield of 7.7% on the 2016 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4204 over time
4204 has sold once; 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 4204 sits
All 329 2-beds →4204 last sold in February 2016 at AED 1,863 per sqft, 4% below what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,941). 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. 4204'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 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 | |
| 4202 | 2-bed | 1,167 sqft | AED 2.43MAED 2,425,000 · Jan 2024January 2024 | 155,000 /yr | |
| 4203 | 2-bed | 1,121 sqft | AED 1.87MAED 1,870,949 · Nov 2021November 2021 | 150,000 /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 |
4204, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 21 February 2016 for AED 2,089,640, or AED 1,863 per sqft.
- Rented since November 2022 on 6 Ejari contracts, from AED 140,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2016 price is 7.7%, before a service charge of about AED 22,300 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 23 July 2026.
Questions about 4204, Paramount Tower Hotel & Residences Downtown
What did unit 4204 last sell for?
AED 2,089,640 on 21 February 2016, sold by the developer: AED 1,863 per sqft for 1,121 sqft. It is the only registered sale of the unit.
What is the rent for unit 4204?
AED 160,000 a year on the contract signed on 23 July 2026. The previous contract, from January 2026, was AED 180,000; the unit has been rented since November 2022.
How big is unit 4204?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 42nd floor of a 63-storey tower completed in 2022.
What is unit 4204 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 4204, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.09M, 21 February 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,089,640
- Deposit, UAE resident (20%)
- AED 417,928
- Deposit, non-resident (40%)
- AED 835,856
- Monthly over 25 years at 3.7%
- AED 8,549
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →