4309, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in November 2021, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4309, Paramount Tower Hotel & Residences Downtown
What is 4309 worth today?
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Source: Dubai Land Department. Updated 29 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,221 sqft
- Floor
- 43rd of 63
- Parking
- P7-04
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 24,300 /yr
- Last sold
- AED 1.6M · November 2021
About 4309, Paramount Tower Hotel & Residences Downtown
4309 is a two-bedroom apartment of 1,221 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 23 November 2021 for AED 1,600,000, or AED 1,310 per sqft, 16% below the AED 1,562 two-beds in the building were fetching at the time.
It has been rented since 2024 on 2 Ejari contracts. The current contract, renewed on 29 November 2025, is AED 195,000 a year: a gross yield of 12.2% on the 2021 price, before the service charge of about AED 24,300 a year.
Sales and rents for 4309 over time
4309 has sold twice; 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 4309 sits
All 329 2-beds →4309 last sold in November 2021 at AED 1,310 per sqft, 16% below what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,562). 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. 4309's AED 195,000 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 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 | |
| 4308 | 3-bed | 1,644 sqft | AED 3.2MAED 3,200,000 · Jul 2024July 2024 | ||
| 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 |
4309, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 9 November 2015 for AED 2,384,500, last on 23 November 2021 for AED 1,600,000 (AED 1,310 per sqft).
- Rented since November 2024 on 2 Ejari contracts, at AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2021 price is 12.2%, before a service charge of about AED 24,300 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 29 November 2025.
Questions about 4309, Paramount Tower Hotel & Residences Downtown
What did unit 4309 last sell for?
AED 1,600,000 on 23 November 2021: AED 1,310 per sqft for 1,221 sqft. The unit has 2 registered sales; the first was AED 2,384,500 in November 2015.
What is the rent for unit 4309?
AED 195,000 a year on the contract renewed on 29 November 2025. The previous contract, from November 2024, was AED 195,000.
How big is unit 4309?
1,221 sqft (113.4 sqm): a two-bedroom apartment on the 43rd floor of a 63-storey tower completed in 2022.
What is unit 4309 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 4309, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.6M, 23 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →