4501, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 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 4501, Paramount Tower Hotel & Residences Downtown
What is 4501 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 8 November 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,339 sqft
- Floor
- 45th of 63
- Parking
- P6-26
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 26,700 /yr
- Last sold
- AED 2.07M · November 2021
About 4501, Paramount Tower Hotel & Residences Downtown
4501 is a two-bedroom apartment of 1,339 sqft on the 45th 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 8 November 2021 for AED 2,074,620, or AED 1,549 per sqft, in line with the AED 1,569 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 4501 over time
4501 has sold once; 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 4501 sits
All 329 2-beds →4501 last sold in November 2021 at AED 1,549 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,569). 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.
| 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 45th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4502 | 2-bed | 1,167 sqft | AED 3.03MAED 3,029,000 · Feb 2026February 2026 | 175,000 /yr | |
| 4503 | 2-bed | 1,121 sqft | AED 1.77MAED 1,772,301 · Mar 2022March 2022 | 155,000 /yr | |
| 4504 | 2-bed | 1,121 sqft | AED 1.74MAED 1,736,855 · Dec 2021December 2021 | 200,000 /yr | |
| 4505 | 2-bed | 1,166 sqft | AED 2.2MAED 2,200,000 · Dec 2022December 2022 | 118,000 /yr | |
| 4506 | 3-bed | 1,586 sqft | AED 2.66MAED 2,664,385 · Jun 2021June 2021 | 200,000 /yr | |
| 4507 | 3-bed | 1,645 sqft | AED 2.8MAED 2,800,000 · Jun 2023June 2023 | 200,000 /yr | |
| 4508 | 3-bed | 1,644 sqft | AED 2.6MAED 2,599,164 · Sep 2021September 2021 | 240,000 /yr | |
| 4509 | 2-bed | 1,221 sqft | AED 1.99MAED 1,991,451 · Sep 2021September 2021 | 145,000 /yr | |
| 4510 | 2-bed | 1,186 sqft | AED 1.93MAED 1,934,366 · Dec 2021December 2021 | 118,000 /yr | |
| 4511 | 2-bed | 1,290 sqft | AED 2.19MAED 2,185,920 · May 2022May 2022 | 162,750 /yr | |
| 4512 | 2-bed | 1,349 sqft | AED 2.01MAED 2,010,000 · May 2023May 2023 | 183,000 /yr |
4501, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 8 November 2021 for AED 2,074,620, or AED 1,549 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 8 November 2021.
Questions about 4501, Paramount Tower Hotel & Residences Downtown
What did unit 4501 last sell for?
AED 2,074,620 on 8 November 2021, sold by the developer: AED 1,549 per sqft for 1,339 sqft. It is the only registered sale of the unit.
How big is unit 4501?
1,339 sqft (124.4 sqm): a two-bedroom apartment on the 45th floor of a 63-storey tower completed in 2022.
What is unit 4501 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.
Selling 4501? 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 4501, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.07M, 8 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,074,620
- Deposit, UAE resident (20%)
- AED 414,924
- Deposit, non-resident (40%)
- AED 829,848
- Monthly over 25 years at 3.7%
- AED 8,488
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →