4706, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4706, Paramount Tower Hotel & Residences Downtown
What is 4706 worth today?
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Source: Dubai Land Department. Updated 9 October 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,586 sqft
- Floor
- 47th of 63
- Parking
- B1-12
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 3.3M · October 2023
About 4706, Paramount Tower Hotel & Residences Downtown
4706 is a three-bedroom apartment of 1,586 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. It last sold on 9 October 2023 for AED 3,300,000, or AED 2,080 per sqft, 17% above the AED 1,780 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 4706 over time
4706 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 4706 sits
All 78 3-beds →4706 last sold in October 2023 at AED 2,080 per sqft, 17% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,780). 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.
| 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 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 | |
| 4702 | 2-bed | 1,167 sqft | AED 2.2MAED 2,197,350 · Oct 2015October 2015 | 190,000 /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 | |
| 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 |
4706, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 22 October 2015 for AED 3,180,000, last on 9 October 2023 for AED 3,300,000 (AED 2,080 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 9 October 2023.
Questions about 4706, Paramount Tower Hotel & Residences Downtown
What did unit 4706 last sell for?
AED 3,300,000 on 9 October 2023: AED 2,080 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 3,180,000 in October 2015.
How big is unit 4706?
1,586 sqft (147.3 sqm): a three-bedroom apartment on the 47th floor of a 63-storey tower completed in 2022.
What is unit 4706 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.
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Mortgage on 4706, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.3M, 9 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,300,000
- Deposit, UAE resident (20%)
- AED 660,000
- Deposit, non-resident (40%)
- AED 1,320,000
- Monthly over 25 years at 3.7%
- AED 13,501
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →