4505, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in December 2022, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4505, Paramount Tower Hotel & Residences Downtown
What is 4505 worth today?
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Source: Dubai Land Department. Updated 27 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,166 sqft
- Floor
- 45th of 63
- Parking
- P6-30
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,200 /yr
- Last sold
- AED 2.2M · December 2022
About 4505, Paramount Tower Hotel & Residences Downtown
4505 is a two-bedroom apartment of 1,166 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. It last sold on 27 December 2022 for AED 2,200,000, or AED 1,887 per sqft, 17% above the AED 1,607 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 July 2022. The current contract, signed on 1 July 2022, is AED 118,000 a year: a gross yield of 5.4% on the 2022 price, before the service charge of about AED 23,200 a year.
Sales and rents for 4505 over time
4505 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 4505 sits
All 329 2-beds →4505 last sold in December 2022 at AED 1,887 per sqft, 17% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,607). 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. 4505's AED 118,000 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 | |
| 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 | |
| 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 |
4505, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 22 March 2022 for AED 1,960,046, last on 27 December 2022 for AED 2,200,000 (AED 1,887 per sqft).
- Rented since July 2022 on one Ejari contract, at AED 118,000 a year.
- At AED 118,000 a year the gross yield on the 2022 price is 5.4%, before a service charge of about AED 23,200 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 27 December 2022.
Questions about 4505, Paramount Tower Hotel & Residences Downtown
What did unit 4505 last sell for?
AED 2,200,000 on 27 December 2022: AED 1,887 per sqft for 1,166 sqft. The unit has 2 registered sales; the first was AED 1,960,046 in March 2022.
What is the rent for unit 4505?
AED 118,000 a year on the contract signed on 1 July 2022.
How big is unit 4505?
1,166 sqft (108.3 sqm): a two-bedroom apartment on the 45th floor of a 63-storey tower completed in 2022.
What is unit 4505 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 4505, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 27 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,200,000
- Deposit, UAE resident (20%)
- AED 440,000
- Deposit, non-resident (40%)
- AED 880,000
- Monthly over 25 years at 3.7%
- AED 9,001
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →