4503, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4503, Paramount Tower Hotel & Residences Downtown
What is 4503 worth today?
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Source: Dubai Land Department. Updated 9 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 45th of 63
- Parking
- P6-28
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 1.77M · March 2022
About 4503, Paramount Tower Hotel & Residences Downtown
4503 is a two-bedroom apartment of 1,121 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 18 March 2022 for AED 1,772,301, or AED 1,580 per sqft, in line with the AED 1,579 two-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 9 October 2026, is AED 155,000 a year: a gross yield of 8.8% on the 2022 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4503 over time
4503 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 4503 sits
All 329 2-beds →4503 last sold in March 2022 at AED 1,580 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,579). 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. 4503's AED 155,000 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 45th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4501 | 2-bed | 1,339 sqft | AED 2.07MAED 2,074,620 · Nov 2021November 2021 | ||
| 4502 | 2-bed | 1,167 sqft | AED 3.03MAED 3,029,000 · Feb 2026February 2026 | 175,000 /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 |
4503, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 18 March 2022 for AED 1,772,301, or AED 1,580 per sqft.
- Rented since July 2025 on 2 Ejari contracts, from AED 200,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2022 price is 8.8%, before a service charge of about AED 22,300 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 9 October 2026.
Questions about 4503, Paramount Tower Hotel & Residences Downtown
What did unit 4503 last sell for?
AED 1,772,301 on 18 March 2022, sold by the developer: AED 1,580 per sqft for 1,121 sqft. It is the only registered sale of the unit.
What is the rent for unit 4503?
AED 155,000 a year on the contract signed on 9 October 2026. The previous contract, from July 2025, was AED 200,000.
How big is unit 4503?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 45th floor of a 63-storey tower completed in 2022.
What is unit 4503 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 4503, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.77M, 18 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,772,301
- Deposit, UAE resident (20%)
- AED 354,460
- Deposit, non-resident (40%)
- AED 708,920
- Monthly over 25 years at 3.7%
- AED 7,251
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →