4207, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in February 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4207, Paramount Tower Hotel & Residences Downtown
What is 4207 worth today?
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Source: Dubai Land Department. Updated 10 February 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 42nd of 63
- Parking
- P2-16
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.76M · February 2022
About 4207, Paramount Tower Hotel & Residences Downtown
4207 is a three-bedroom apartment of 1,645 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 23 February 2022 for AED 2,755,519, or AED 1,675 per sqft, 6% above the AED 1,587 three-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 10 February 2025, is AED 214,884 a year: a gross yield of 7.8% on the 2022 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4207 over time
4207 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Paramount Tower Hotel & Residences Downtown, and where 4207 sits
All 78 3-beds →4207 last sold in February 2022 at AED 1,675 per sqft, 6% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,587). Over the last 12 months three-beds sold for AED 2,742,651 to 3,490,000, around AED 1,763 per sqft, and rent for AED 72,000 to 270,000 a year. 4207's AED 214,884 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,644 sqft | 2,742,651 | 1,668 | ||
| 9 Jun 20269 June 2026 | 1,644 sqft | 3,000,000 | 1,825 | ||
| 5 Jun 20265 June 2026 | 1,644 sqft | 2,794,398 | 1,700 | ||
| 5 Jan 20265 January 2026 | 1,645 sqft | 3,490,000 | 2,121 |
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 | |
| 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 | ||
| 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 |
4207, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 23 February 2022 for AED 2,755,519, or AED 1,675 per sqft.
- Rented since April 2022 on 3 Ejari contracts, from AED 163,000 to AED 214,884 a year.
- At AED 214,884 a year the gross yield on the 2022 price is 7.8%, before a service charge of about AED 32,800 a year (AED 19.93 per sqft).
- Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651–3,490,000 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 10 February 2025.
Questions about 4207, Paramount Tower Hotel & Residences Downtown
What did unit 4207 last sell for?
AED 2,755,519 on 23 February 2022, sold by the developer: AED 1,675 per sqft for 1,645 sqft. It is the only registered sale of the unit.
What is the rent for unit 4207?
AED 214,884 a year on the contract signed on 10 February 2025. The previous contract, from February 2025, was AED 214,884; the unit has been rented since April 2022.
How big is unit 4207?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 42nd floor of a 63-storey tower completed in 2022.
What is unit 4207 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651 to 3,490,000 in the last 12 months, around AED 1,763 per sqft.
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Mortgage on 4207, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.76M, 23 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,755,519
- Deposit, UAE resident (20%)
- AED 551,104
- Deposit, non-resident (40%)
- AED 1,102,208
- Monthly over 25 years at 3.7%
- AED 11,274
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →