4603, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2015, 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 4603, Paramount Tower Hotel & Residences Downtown
What is 4603 worth today?
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Source: Dubai Land Department. Updated 24 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 46th of 63
- Parking
- P6-18
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.19M · October 2015
About 4603, Paramount Tower Hotel & Residences Downtown
4603 is a two-bedroom apartment of 1,121 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 4 October 2015 for AED 2,187,850, or AED 1,951 per sqft, 3% above the AED 1,892 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 24 July 2026, is AED 200,000 a year: a gross yield of 9.1% on the 2015 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4603 over time
4603 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 4603 sits
All 329 2-beds →4603 last sold in October 2015 at AED 1,951 per sqft, 3% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,892). 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. 4603'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 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 | |
| 4602 | 2-bed | 1,152 sqft | AED 2.2MAED 2,196,680 · Dec 2016December 2016 | 140,000 /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 |
4603, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 4 October 2015 for AED 2,187,850, or AED 1,951 per sqft.
- Rented since October 2022 on 5 Ejari contracts, from AED 125,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2015 price is 9.1%, 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 24 July 2026.
Questions about 4603, Paramount Tower Hotel & Residences Downtown
What did unit 4603 last sell for?
AED 2,187,850 on 4 October 2015, sold by the developer: AED 1,951 per sqft for 1,121 sqft. It is the only registered sale of the unit.
What is the rent for unit 4603?
AED 200,000 a year on the contract signed on 24 July 2026. The previous contract, from October 2025, was AED 190,000; the unit has been rented since October 2022.
How big is unit 4603?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 46th floor of a 63-storey tower completed in 2022.
What is unit 4603 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 4603, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.19M, 4 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,187,850
- Deposit, UAE resident (20%)
- AED 437,570
- Deposit, non-resident (40%)
- AED 875,140
- Monthly over 25 years at 3.7%
- AED 8,951
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →