4407, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in June 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4407, Paramount Tower Hotel & Residences Downtown
What is 4407 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 22 April 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 44th of 63
- Parking
- B1-04
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.7M · June 2023
About 4407, Paramount Tower Hotel & Residences Downtown
4407 is a three-bedroom apartment of 1,645 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. It last sold on 12 June 2023 for AED 2,700,000, or AED 1,641 per sqft, 9% below the AED 1,794 three-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 22 April 2025, is AED 230,000 a year: a gross yield of 8.5% on the 2023 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4407 over time
4407 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 4407 sits
All 78 3-beds →4407 last sold in June 2023 at AED 1,641 per sqft, 9% below 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. 4407's AED 230,000 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 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 | |
| 4406 | 3-bed | 1,586 sqft | AED 2.42MAED 2,424,559 · Sep 2021September 2021 | ||
| 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 |
4407, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 28 October 2015 for AED 3,419,050, last on 12 June 2023 for AED 2,700,000 (AED 1,641 per sqft).
- Rented since April 2024 on 3 Ejari contracts, at AED 230,000 a year.
- At AED 230,000 a year the gross yield on the 2023 price is 8.5%, 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 22 April 2025.
Questions about 4407, Paramount Tower Hotel & Residences Downtown
What did unit 4407 last sell for?
AED 2,700,000 on 12 June 2023: AED 1,641 per sqft for 1,645 sqft. The unit has 2 registered sales; the first was AED 3,419,050 in October 2015.
What is the rent for unit 4407?
AED 230,000 a year on the contract renewed on 22 April 2025. The previous contract, from April 2025, was AED 230,000; the unit has been rented since April 2024.
How big is unit 4407?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 44th floor of a 63-storey tower completed in 2022.
What is unit 4407 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.
Selling 4407? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 4407, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.7M, 12 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →