4604, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2015, and rented once, from August 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4604, Paramount Tower Hotel & Residences Downtown
What is 4604 worth today?
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Source: Dubai Land Department. Updated 28 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 46th of 63
- Parking
- P6-19
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.19M · October 2015
About 4604, Paramount Tower Hotel & Residences Downtown
4604 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 28 October 2015 for AED 2,187,850, or AED 1,951 per sqft, in line with the AED 1,941 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 28 August 2024. The current contract, signed on 28 August 2024, is AED 100,000 a year: a gross yield of 4.6% on the 2015 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4604 over time
4604 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 4604 sits
All 329 2-beds →4604 last sold in October 2015 at AED 1,951 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,941). 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. 4604's AED 100,000 is at the bottom 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 | |
| 4603 | 2-bed | 1,121 sqft | AED 2.19MAED 2,187,850 · Oct 2015October 2015 | 200,000 /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 |
4604, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 28 October 2015 for AED 2,187,850, or AED 1,951 per sqft.
- Rented since August 2024 on one Ejari contract, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2015 price is 4.6%, 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 28 August 2024.
Questions about 4604, Paramount Tower Hotel & Residences Downtown
What did unit 4604 last sell for?
AED 2,187,850 on 28 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 4604?
AED 100,000 a year on the contract signed on 28 August 2024.
How big is unit 4604?
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 4604 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 4604, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.19M, 28 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 →