4504, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in December 2021, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4504, Paramount Tower Hotel & Residences Downtown
What is 4504 worth today?
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Source: Dubai Land Department. Updated 1 April 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 45th of 63
- Parking
- P6-29
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 1.74M · December 2021
About 4504, Paramount Tower Hotel & Residences Downtown
4504 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 12 December 2021 for AED 1,736,855, or AED 1,548 per sqft, in line with the AED 1,566 two-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 1 April 2026, is AED 200,000 a year: a gross yield of 11.5% on the 2021 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4504 over time
4504 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 4504 sits
All 329 2-beds →4504 last sold in December 2021 at AED 1,548 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,566). 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. 4504's AED 200,000 is in the upper 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 | |
| 4503 | 2-bed | 1,121 sqft | AED 1.77MAED 1,772,301 · Mar 2022March 2022 | 155,000 /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 |
4504, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 12 December 2021 for AED 1,736,855, or AED 1,548 per sqft.
- Rented since April 2025 on 2 Ejari contracts, at AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2021 price is 11.5%, 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 1 April 2026.
Questions about 4504, Paramount Tower Hotel & Residences Downtown
What did unit 4504 last sell for?
AED 1,736,855 on 12 December 2021, sold by the developer: AED 1,548 per sqft for 1,121 sqft. It is the only registered sale of the unit.
What is the rent for unit 4504?
AED 200,000 a year on the contract renewed on 1 April 2026. The previous contract, from April 2025, was AED 200,000.
How big is unit 4504?
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 4504 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 4504, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.74M, 12 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,736,855
- Deposit, UAE resident (20%)
- AED 347,371
- Deposit, non-resident (40%)
- AED 694,742
- Monthly over 25 years at 3.7%
- AED 7,106
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →