4508, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in September 2021, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4508, Paramount Tower Hotel & Residences Downtown
What is 4508 worth today?
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Source: Dubai Land Department. Updated 21 November 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 45th of 63
- Parking
- B1-08
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.6M · September 2021
About 4508, Paramount Tower Hotel & Residences Downtown
4508 is a three-bedroom apartment of 1,644 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 20 September 2021 for AED 2,599,164, or AED 1,581 per sqft, in line with the AED 1,577 three-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 21 November 2025, is AED 240,000 a year: a gross yield of 9.2% on the 2021 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4508 over time
4508 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Paramount Tower Hotel & Residences Downtown, and where 4508 sits
All 78 3-beds →4508 last sold in September 2021 at AED 1,581 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,577). Over the last 12 months three-beds sold for AED 2,742,651 to 3,490,000, around AED 1,763 per sqft, and rent for AED 72,000 to 270,000 a year. 4508's AED 240,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,644 sqft | 2,742,651 | 1,668 | ||
| 9 Jun 20269 June 2026 | 1,644 sqft | 3,000,000 | 1,825 | ||
| 5 Jun 20265 June 2026 | 1,644 sqft | 2,794,398 | 1,700 | ||
| 5 Jan 20265 January 2026 | 1,645 sqft | 3,490,000 | 2,121 |
Paramount Tower Hotel & Residences Downtown
Building784 apartments, studios to 3-bed over 63 floors in Business Bay, completed in 2022 by Namaa Properties Development. 32 sold in the last 12 months.
- Typical price per sqft
- AED 2,009 Up 3.5%
- Typical sale
- AED 2.38M
- Typical rent
- AED 150K /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 | |
| 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 | |
| 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 |
4508, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 20 September 2021 for AED 2,599,164, or AED 1,581 per sqft.
- Rented since February 2023 on 3 Ejari contracts, from AED 200,000 to AED 240,000 a year.
- At AED 240,000 a year the gross yield on the 2021 price is 9.2%, before a service charge of about AED 32,800 a year (AED 19.93 per sqft).
- Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651–3,490,000 in the 12 months to November 2026; the building's median across all types is AED 2,009 per sqft.
Source: Dubai Land Department. Updated 21 November 2025.
Questions about 4508, Paramount Tower Hotel & Residences Downtown
What did unit 4508 last sell for?
AED 2,599,164 on 20 September 2021, sold by the developer: AED 1,581 per sqft for 1,644 sqft. It is the only registered sale of the unit.
What is the rent for unit 4508?
AED 240,000 a year on the contract signed on 21 November 2025. The previous contract, from November 2024, was AED 240,000; the unit has been rented since February 2023.
How big is unit 4508?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 45th floor of a 63-storey tower completed in 2022.
What is unit 4508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651 to 3,490,000 in the last 12 months, around AED 1,763 per sqft.
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Mortgage on 4508, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.6M, 20 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,599,164
- Deposit, UAE resident (20%)
- AED 519,833
- Deposit, non-resident (40%)
- AED 1,039,666
- Monthly over 25 years at 3.7%
- AED 10,634
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →