4308, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in July 2024, 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 4308, Paramount Tower Hotel & Residences Downtown
What is 4308 worth today?
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Source: Dubai Land Department. Updated 29 July 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 43rd of 63
- Parking
- B1-02
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 3.2M · July 2024
About 4308, Paramount Tower Hotel & Residences Downtown
4308 is a three-bedroom apartment of 1,644 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 29 July 2024 for AED 3,200,000, or AED 1,946 per sqft, 8% above the AED 1,794 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 4308 over time
4308 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 4308 sits
All 78 3-beds →4308 last sold in July 2024 at AED 1,946 per sqft, 8% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,794). 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 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 | ||
| 4307 | 3-bed | 1,645 sqft | AED 2.92MAED 2,920,000 · Mar 2024March 2024 | 180,000 /yr | |
| 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 |
4308, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 23 August 2021 for AED 2,586,012, last on 29 July 2024 for AED 3,200,000 (AED 1,946 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 29 July 2024.
Questions about 4308, Paramount Tower Hotel & Residences Downtown
What did unit 4308 last sell for?
AED 3,200,000 on 29 July 2024: AED 1,946 per sqft for 1,644 sqft. The unit has 2 registered sales; the first was AED 2,586,012 in August 2021.
How big is unit 4308?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 43rd floor of a 63-storey tower completed in 2022.
What is unit 4308 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 4308, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.2M, 29 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,200,000
- Deposit, UAE resident (20%)
- AED 640,000
- Deposit, non-resident (40%)
- AED 1,280,000
- Monthly over 25 years at 3.7%
- AED 13,092
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →