4208, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in July 2020, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4208, Paramount Tower Hotel & Residences Downtown
What is 4208 worth today?
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Source: Dubai Land Department. Updated 8 July 2020.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 42nd of 63
- Parking
- P2-17
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.31M · July 2020
About 4208, Paramount Tower Hotel & Residences Downtown
4208 is a three-bedroom apartment of 1,644 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 8 July 2020 for AED 2,312,000, or AED 1,406 per sqft, 14% below the AED 1,642 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 4208 over time
4208 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 4208 sits
All 78 3-beds →4208 last sold in July 2020 at AED 1,406 per sqft, 14% below what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,642). 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.
| 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 | ||
| 4207 | 3-bed | 1,645 sqft | AED 2.76MAED 2,755,519 · Feb 2022February 2022 | 214,884 /yr | |
| 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 |
4208, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 8 July 2020 for AED 2,312,000, or AED 1,406 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 8 July 2020.
Questions about 4208, Paramount Tower Hotel & Residences Downtown
What did unit 4208 last sell for?
AED 2,312,000 on 8 July 2020, sold by the developer: AED 1,406 per sqft for 1,644 sqft. It is the only registered sale of the unit.
How big is unit 4208?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 42nd floor of a 63-storey tower completed in 2022.
What is unit 4208 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 4208, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.31M, 8 July 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,312,000
- Deposit, UAE resident (20%)
- AED 462,400
- Deposit, non-resident (40%)
- AED 924,800
- Monthly over 25 years at 3.7%
- AED 9,459
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →