4412, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in April 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4412, Paramount Tower Hotel & Residences Downtown
What is 4412 worth today?
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Source: Dubai Land Department. Updated 15 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 681 sqft
- Floor
- 44th of 63
- Parking
- P6-43
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,600 /yr
- Last sold
- AED 1.6M · April 2024
About 4412, Paramount Tower Hotel & Residences Downtown
4412 is a one-bedroom apartment of 681 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 26 April 2024 for AED 1,600,000, or AED 2,350 per sqft, 3% above the AED 2,277 one-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 15 March 2025, is AED 120,000 a year: a gross yield of 7.5% on the 2024 price, before the service charge of about AED 13,600 a year.
Sales and rents for 4412 over time
4412 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Paramount Tower Hotel & Residences Downtown, and where 4412 sits
All 174 1-beds →4412 last sold in April 2024 at AED 2,350 per sqft, 3% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,277). Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,119 per sqft, and rent for AED 90,000 to 147,500 a year. 4412's AED 120,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 679 sqft | 1,400,000 | 2,062 | ||
| 16 Jun 202616 June 2026 | 843 sqft | 2,018,990 | 2,395 | ||
| 18 May 202618 May 2026 | 974 sqft | 2,000,000 | 2,054 | ||
| 8 May 20268 May 2026 | 681 sqft | 1,650,000 | 2,423 |
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 | |
| 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 | |
| 4413 | 1-bed | 679 sqft | AED 1.16MAED 1,158,300 · Jun 2019June 2019 | 120,000 /yr |
4412, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 7 November 2019 for AED 1,183,000, last on 26 April 2024 for AED 1,600,000 (AED 2,350 per sqft).
- Rented since December 2022 on 2 Ejari contracts, at AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2024 price is 7.5%, before a service charge of about AED 13,600 a year (AED 19.93 per sqft).
- One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000–2,100,000 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 15 March 2025.
Questions about 4412, Paramount Tower Hotel & Residences Downtown
What did unit 4412 last sell for?
AED 1,600,000 on 26 April 2024: AED 2,350 per sqft for 681 sqft. The unit has 3 registered sales; the first was AED 1,183,000 in November 2019.
What is the rent for unit 4412?
AED 120,000 a year on the contract signed on 15 March 2025. The previous contract, from December 2022, was AED 120,000.
How big is unit 4412?
681 sqft (63.3 sqm): a one-bedroom apartment on the 44th floor of a 63-storey tower completed in 2022.
What is unit 4412 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,119 per sqft.
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Mortgage on 4412, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.6M, 26 April 2024). 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 →