4702, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4702, Paramount Tower Hotel & Residences Downtown
What is 4702 worth today?
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Source: Dubai Land Department. Updated 12 September 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,167 sqft
- Floor
- 47th of 63
- Parking
- P6-07
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,300 /yr
- Last sold
- AED 2.2M · October 2015
About 4702, Paramount Tower Hotel & Residences Downtown
4702 is a two-bedroom apartment of 1,167 sqft on the 47th 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 2,197,350, or AED 1,882 per sqft, in line with the AED 1,892 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 12 September 2025, is AED 190,000 a year: a gross yield of 8.6% on the 2015 price, before the service charge of about AED 23,300 a year.
Sales and rents for 4702 over time
4702 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 4702 sits
All 329 2-beds →4702 last sold in October 2015 at AED 1,882 per sqft, in line with 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. 4702's AED 190,000 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 47th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4701 | 2-bed | 1,339 sqft | AED 2.5MAED 2,500,000 · Feb 2024February 2024 | 155,000 /yr | |
| 4704 | 2-bed | 1,121 sqft | AED 2.5MAED 2,500,000 · Aug 2023August 2023 | ||
| 4705 | 2-bed | 1,166 sqft | AED 2.13MAED 2,125,800 · May 2016May 2016 | 205,000 /yr | |
| 4706 | 3-bed | 1,586 sqft | AED 3.3MAED 3,300,000 · Oct 2023October 2023 | ||
| 4707 | 3-bed | 1,645 sqft | AED 3.42MAED 3,419,010 · Nov 2015November 2015 | 210,000 /yr | |
| 4708 | 3-bed | 1,644 sqft | AED 3.06MAED 3,059,929 · Apr 2016April 2016 | ||
| 4709 | 2-bed | 1,221 sqft | AED 2.05MAED 2,050,000 · Jun 2023June 2023 | 180,000 /yr | |
| 4710 | 2-bed | 1,186 sqft | AED 1.94MAED 1,943,854 · Oct 2021October 2021 | ||
| 4711 | 2-bed | 1,290 sqft | AED 2.2MAED 2,196,480 · Jun 2021June 2021 | 185,000 /yr | |
| 4712 | 1-bed | 681 sqft | AED 2MAED 2,000,000 · Jul 2025July 2025 | 81,000 /yr | |
| 4713 | 1-bed | 663 sqft | AED 1.53MAED 1,533,754 · Sep 2016September 2016 | 105,000 /yr |
4702, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 4 October 2015 for AED 2,197,350, or AED 1,882 per sqft.
- Rented since November 2022 on 2 Ejari contracts, from AED 140,000 to AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2015 price is 8.6%, before a service charge of about AED 23,300 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 12 September 2025.
Questions about 4702, Paramount Tower Hotel & Residences Downtown
What did unit 4702 last sell for?
AED 2,197,350 on 4 October 2015, sold by the developer: AED 1,882 per sqft for 1,167 sqft. It is the only registered sale of the unit.
What is the rent for unit 4702?
AED 190,000 a year on the contract signed on 12 September 2025. The previous contract, from November 2022, was AED 140,000.
How big is unit 4702?
1,167 sqft (108.4 sqm): a two-bedroom apartment on the 47th floor of a 63-storey tower completed in 2022.
What is unit 4702 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 4702, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 4 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,197,350
- Deposit, UAE resident (20%)
- AED 439,470
- Deposit, non-resident (40%)
- AED 878,940
- Monthly over 25 years at 3.7%
- AED 8,990
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →