4707, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 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 4707, Paramount Tower Hotel & Residences Downtown
What is 4707 worth today?
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Source: Dubai Land Department. Updated 14 October 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 47th of 63
- Parking
- B1-13
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 3.42M · November 2015
About 4707, Paramount Tower Hotel & Residences Downtown
4707 is a three-bedroom apartment of 1,645 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 19 November 2015 for AED 3,419,010, or AED 2,078 per sqft, in line with the AED 2,084 three-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 14 October 2026, is AED 210,000 a year: a gross yield of 6.1% on the 2015 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4707 over time
4707 has sold once; 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 4707 sits
All 78 3-beds →4707 last sold in November 2015 at AED 2,078 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,084). 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. 4707's AED 210,000 is in the upper 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 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 | |
| 4706 | 3-bed | 1,586 sqft | AED 3.3MAED 3,300,000 · Oct 2023October 2023 | ||
| 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 |
4707, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 19 November 2015 for AED 3,419,010, or AED 2,078 per sqft.
- Rented since December 2022 on 6 Ejari contracts, from AED 172,500 to AED 210,000 a year.
- At AED 210,000 a year the gross yield on the 2015 price is 6.1%, 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 14 October 2026.
Questions about 4707, Paramount Tower Hotel & Residences Downtown
What did unit 4707 last sell for?
AED 3,419,010 on 19 November 2015, sold by the developer: AED 2,078 per sqft for 1,645 sqft. It is the only registered sale of the unit.
What is the rent for unit 4707?
AED 210,000 a year on the contract signed on 14 October 2026. The previous contract, from January 2026, was AED 240,000; the unit has been rented since December 2022.
How big is unit 4707?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 47th floor of a 63-storey tower completed in 2022.
What is unit 4707 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 4707, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.42M, 19 November 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 3,419,010
- Deposit, UAE resident (20%)
- AED 683,802
- Deposit, non-resident (40%)
- AED 1,367,604
- Monthly over 25 years at 3.7%
- AED 13,988
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →