4602, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in December 2016, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4602, Paramount Tower Hotel & Residences Downtown
What is 4602 worth today?
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Source: Dubai Land Department. Updated 25 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,152 sqft
- Floor
- 46th of 63
- Parking
- P6-17
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,000 /yr
- Last sold
- AED 2.2M · December 2016
About 4602, Paramount Tower Hotel & Residences Downtown
4602 is a two-bedroom apartment of 1,152 sqft on the 46th 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 6 December 2016 for AED 2,196,680, or AED 1,906 per sqft, in line with the AED 1,904 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 25 August 2026, is AED 140,000 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 23,000 a year.
Sales and rents for 4602 over time
4602 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 4602 sits
All 329 2-beds →4602 last sold in December 2016 at AED 1,906 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,904). 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. 4602's AED 140,000 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 46th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4601 | 2-bed | 1,339 sqft | AED 2.58MAED 2,580,000 · Dec 2024December 2024 | 180,000 /yr | |
| 4603 | 2-bed | 1,121 sqft | AED 2.19MAED 2,187,850 · Oct 2015October 2015 | 200,000 /yr | |
| 4604 | 2-bed | 1,121 sqft | AED 2.19MAED 2,187,850 · Oct 2015October 2015 | 100,000 /yr | |
| 4605 | 2-bed | 1,166 sqft | AED 2.3MAED 2,300,000 · Aug 2024August 2024 | ||
| 4606 | 3-bed | 1,586 sqft | AED 3.2MAED 3,196,750 · Oct 2015October 2015 | 190,000 /yr | |
| 4607 | 3-bed | 1,645 sqft | AED 2.52MAED 2,524,498 · Feb 2022February 2022 | 210,000 /yr | |
| 4608 | 3-bed | 1,644 sqft | AED 2.77MAED 2,770,000 · Mar 2024March 2024 | 150,000 /yr | |
| 4609 | 2-bed | 1,221 sqft | AED 2.39MAED 2,390,000 · Aug 2025August 2025 | ||
| 4610 | 2-bed | 1,186 sqft | AED 2MAED 2,000,000 · Mar 2024March 2024 | ||
| 4611 | 2-bed | 1,290 sqft | AED 2.19MAED 2,191,200 · Feb 2022February 2022 | ||
| 4612 | 1-bed | 681 sqft | AED 1.16MAED 1,164,510 · Sep 2021September 2021 | 139,612 /yr | |
| 4613 | 1-bed | 679 sqft | AED 1.88MAED 1,875,000 · Aug 2025August 2025 | 110,000 /yr |
4602, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 6 December 2016 for AED 2,196,680, or AED 1,906 per sqft.
- Rented since June 2022 on 6 Ejari contracts, from AED 118,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2016 price is 6.4%, before a service charge of about AED 23,000 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 25 August 2026.
Questions about 4602, Paramount Tower Hotel & Residences Downtown
What did unit 4602 last sell for?
AED 2,196,680 on 6 December 2016, sold by the developer: AED 1,906 per sqft for 1,152 sqft. It is the only registered sale of the unit.
What is the rent for unit 4602?
AED 140,000 a year on the contract signed on 25 August 2026. The previous contract, from July 2025, was AED 170,000; the unit has been rented since June 2022.
How big is unit 4602?
1,152 sqft (107.0 sqm): a two-bedroom apartment on the 46th floor of a 63-storey tower completed in 2022.
What is unit 4602 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 4602, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 6 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,196,680
- Deposit, UAE resident (20%)
- AED 439,336
- Deposit, non-resident (40%)
- AED 878,672
- Monthly over 25 years at 3.7%
- AED 8,987
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →