4608, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4608, Paramount Tower Hotel & Residences Downtown
What is 4608 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 17 April 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 46th of 63
- Parking
- B1-11
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.77M · March 2024
About 4608, Paramount Tower Hotel & Residences Downtown
4608 is a three-bedroom apartment of 1,644 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. It last sold on 19 March 2024 for AED 2,770,000, or AED 1,685 per sqft, 4% below the AED 1,761 three-beds in the building were fetching at the time.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 17 April 2026, is AED 150,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4608 over time
4608 has sold twice; 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 4608 sits
All 78 3-beds →4608 last sold in March 2024 at AED 1,685 per sqft, 4% below what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,761). 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. 4608's AED 150,000 is in the lower 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. 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 | |
| 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 | |
| 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 |
4608, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 20 April 2016 for AED 3,059,929, last on 19 March 2024 for AED 2,770,000 (AED 1,685 per sqft).
- Rented since April 2024 on 4 Ejari contracts, from AED 210,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2024 price is 5.4%, 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 2,005 per sqft.
Source: Dubai Land Department. Updated 17 April 2026.
Questions about 4608, Paramount Tower Hotel & Residences Downtown
What did unit 4608 last sell for?
AED 2,770,000 on 19 March 2024: AED 1,685 per sqft for 1,644 sqft. The unit has 2 registered sales; the first was AED 3,059,929 in April 2016.
What is the rent for unit 4608?
AED 150,000 a year on the contract renewed on 17 April 2026. The previous contract, from April 2025, was AED 210,000; the unit has been rented since April 2024.
How big is unit 4608?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 46th floor of a 63-storey tower completed in 2022.
What is unit 4608 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.
Selling 4608? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 4608, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.77M, 19 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,770,000
- Deposit, UAE resident (20%)
- AED 554,000
- Deposit, non-resident (40%)
- AED 1,108,000
- Monthly over 25 years at 3.7%
- AED 11,333
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →