4406, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in September 2021, 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 4406, Paramount Tower Hotel & Residences Downtown
What is 4406 worth today?
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Source: Dubai Land Department. Updated 19 September 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 1,586 sqft
- Floor
- 44th of 63
- Parking
- B1-03
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 2.42M · September 2021
About 4406, Paramount Tower Hotel & Residences Downtown
4406 is a three-bedroom apartment of 1,586 sqft on the 44th 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 19 September 2021 for AED 2,424,559, or AED 1,528 per sqft, in line with the AED 1,573 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 4406 over time
4406 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 4406 sits
All 78 3-beds →4406 last sold in September 2021 at AED 1,528 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,573). 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. 32 sold in the last 12 months.
- Typical price per sqft
- AED 2,009 Up 3.5%
- Typical sale
- AED 2.38M
- Typical rent
- AED 150K /yr
- Typical yield
- 6.6%
Other units on the 44th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4401 | 2-bed | 1,339 sqft | AED 2.55MAED 2,550,000 · Dec 2024December 2024 | 190,000 /yr | |
| 4402 | 2-bed | 1,167 sqft | AED 2.35MAED 2,350,000 · Sep 2023September 2023 | ||
| 4403 | 2-bed | 1,107 sqft | AED 2.19MAED 2,187,925 · Mar 2017March 2017 | 130,000 /yr | |
| 4404 | 2-bed | 1,121 sqft | AED 2.23MAED 2,225,000 · May 2023May 2023 | 160,000 /yr | |
| 4405 | 2-bed | 1,166 sqft | AED 1.8MAED 1,800,000 · Nov 2023November 2023 | 185,000 /yr | |
| 4407 | 3-bed | 1,645 sqft | AED 2.7MAED 2,700,000 · Jun 2023June 2023 | 230,000 /yr | |
| 4408 | 3-bed | 1,644 sqft | AED 2.95MAED 2,950,000 · Mar 2025March 2025 | 210,000 /yr | |
| 4409 | 2-bed | 1,221 sqft | AED 2.02MAED 2,020,000 · Dec 2023December 2023 | 120,000 /yr | |
| 4410 | 2-bed | 1,186 sqft | AED 1.93MAED 1,929,622 · Sep 2021September 2021 | 150,000 /yr | |
| 4411 | 2-bed | 1,290 sqft | AED 2.16MAED 2,158,834 · Dec 2021December 2021 | 145,000 /yr | |
| 4412 | 1-bed | 681 sqft | AED 1.6MAED 1,600,000 · Apr 2024April 2024 | 120,000 /yr | |
| 4413 | 1-bed | 679 sqft | AED 1.16MAED 1,158,300 · Jun 2019June 2019 | 120,000 /yr |
4406, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 19 September 2021 for AED 2,424,559, or AED 1,528 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 2,009 per sqft.
Source: Dubai Land Department. Updated 19 September 2021.
Questions about 4406, Paramount Tower Hotel & Residences Downtown
What did unit 4406 last sell for?
AED 2,424,559 on 19 September 2021, sold by the developer: AED 1,528 per sqft for 1,586 sqft. It is the only registered sale of the unit.
How big is unit 4406?
1,586 sqft (147.3 sqm): a three-bedroom apartment on the 44th floor of a 63-storey tower completed in 2022.
What is unit 4406 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 4406, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.42M, 19 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,424,559
- Deposit, UAE resident (20%)
- AED 484,912
- Deposit, non-resident (40%)
- AED 969,824
- Monthly over 25 years at 3.7%
- AED 9,920
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →