4307, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in March 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4307, Paramount Tower Hotel & Residences Downtown
What is 4307 worth today?
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Source: Dubai Land Department. Updated 1 August 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 43rd of 63
- Parking
- B1-01
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.92M · March 2024
About 4307, Paramount Tower Hotel & Residences Downtown
4307 is a three-bedroom apartment of 1,645 sqft on the 43rd 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 March 2024 for AED 2,920,000, or AED 1,775 per sqft, in line with the AED 1,761 three-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 August 2024, is AED 180,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4307 over time
4307 has sold twice; 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 4307 sits
All 78 3-beds →4307 last sold in March 2024 at AED 1,775 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,761). 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. 4307's AED 180,000 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 43rd floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4301 | 2-bed | 1,340 sqft | AED 2.53MAED 2,526,050 · Nov 2015November 2015 | 200,000 /yr | |
| 4302 | 2-bed | 1,167 sqft | AED 1.52MAED 1,515,000 · Jul 2020July 2020 | 160,000 /yr | |
| 4303 | 2-bed | 1,121 sqft | AED 2.19MAED 2,187,850 · Oct 2015October 2015 | 185,000 /yr | |
| 4304 | 2-bed | 1,121 sqft | AED 2.19MAED 2,187,850 · Oct 2015October 2015 | 200,000 /yr | |
| 4305 | 2-bed | 1,166 sqft | AED 2.37MAED 2,374,050 · Oct 2015October 2015 | 143,000 /yr | |
| 4306 | 3-bed | 1,586 sqft | AED 2.86MAED 2,860,000 · Apr 2023April 2023 | ||
| 4308 | 3-bed | 1,644 sqft | AED 3.2MAED 3,200,000 · Jul 2024July 2024 | ||
| 4309 | 2-bed | 1,221 sqft | AED 1.6MAED 1,600,000 · Nov 2021November 2021 | 195,000 /yr | |
| 4310 | 2-bed | 1,170 sqft | AED 2.18MAED 2,184,422 · Oct 2016October 2016 | 140,000 /yr | |
| 4311 | 2-bed | 1,290 sqft | AED 2MAED 2,002,493 · Jan 2022January 2022 | 170,000 /yr | |
| 4312 | 1-bed | 681 sqft | AED 1.18MAED 1,181,000 · Nov 2019November 2019 | 97,500 /yr | |
| 4313 | 1-bed | 676 sqft | AED 1.19MAED 1,191,000 · Nov 2019November 2019 | 125,000 /yr |
4307, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 8 April 2019 for AED 2,783,880, last on 15 March 2024 for AED 2,920,000 (AED 1,775 per sqft).
- Rented since August 2023 on 2 Ejari contracts, at AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2024 price is 6.2%, 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 1 August 2024.
Questions about 4307, Paramount Tower Hotel & Residences Downtown
What did unit 4307 last sell for?
AED 2,920,000 on 15 March 2024: AED 1,775 per sqft for 1,645 sqft. The unit has 2 registered sales; the first was AED 2,783,880 in April 2019.
What is the rent for unit 4307?
AED 180,000 a year on the contract signed on 1 August 2024. The previous contract, from August 2023, was AED 180,000.
How big is unit 4307?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 43rd floor of a 63-storey tower completed in 2022.
What is unit 4307 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 4307, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.92M, 15 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,920,000
- Deposit, UAE resident (20%)
- AED 584,000
- Deposit, non-resident (40%)
- AED 1,168,000
- Monthly over 25 years at 3.7%
- AED 11,947
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →