4409, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in December 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4409, Paramount Tower Hotel & Residences Downtown
What is 4409 worth today?
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Source: Dubai Land Department. Updated 2 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,221 sqft
- Floor
- 44th of 63
- Parking
- P6-40
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 24,300 /yr
- Last sold
- AED 2.02M · December 2023
About 4409, Paramount Tower Hotel & Residences Downtown
4409 is a two-bedroom apartment of 1,221 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 25 December 2023 for AED 2,020,000, or AED 1,654 per sqft, 5% below the AED 1,749 two-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 2 July 2024, is AED 120,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 24,300 a year.
Sales and rents for 4409 over time
4409 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 4409 sits
All 329 2-beds →4409 last sold in December 2023 at AED 1,654 per sqft, 5% below what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,749). 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. 4409's AED 120,000 is in the lower 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 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 | ||
| 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 | |
| 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 |
4409, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 6 December 2016 for AED 2,259,000, last on 25 December 2023 for AED 2,020,000 (AED 1,654 per sqft).
- Rented since July 2022 on 3 Ejari contracts, from AED 100,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2023 price is 5.9%, 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 2 July 2024.
Questions about 4409, Paramount Tower Hotel & Residences Downtown
What did unit 4409 last sell for?
AED 2,020,000 on 25 December 2023: AED 1,654 per sqft for 1,221 sqft. The unit has 2 registered sales; the first was AED 2,259,000 in December 2016.
What is the rent for unit 4409?
AED 120,000 a year on the contract signed on 2 July 2024. The previous contract, from July 2023, was AED 110,000; the unit has been rented since July 2022.
How big is unit 4409?
1,221 sqft (113.4 sqm): a two-bedroom apartment on the 44th floor of a 63-storey tower completed in 2022.
What is unit 4409 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 4409, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.02M, 25 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,020,000
- Deposit, UAE resident (20%)
- AED 404,000
- Deposit, non-resident (40%)
- AED 808,000
- Monthly over 25 years at 3.7%
- AED 8,264
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →