4712, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in July 2025, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4712, Paramount Tower Hotel & Residences Downtown
What is 4712 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 18 July 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 681 sqft
- Floor
- 47th of 63
- Parking
- P6-14
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,600 /yr
- Last sold
- AED 2M · July 2025
About 4712, Paramount Tower Hotel & Residences Downtown
4712 is a one-bedroom apartment of 681 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 18 July 2025 for AED 2,000,000, or AED 2,938 per sqft, 33% above the AED 2,216 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 15 November 2022. The current contract, signed on 15 November 2022, is AED 81,000 a year: a gross yield of 4.0% on the 2025 price, before the service charge of about AED 13,600 a year.
Sales and rents for 4712 over time
4712 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Paramount Tower Hotel & Residences Downtown, and where 4712 sits
All 174 1-beds →4712 last sold in July 2025 at AED 2,938 per sqft, 33% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,216). Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,119 per sqft, and rent for AED 90,000 to 147,500 a year. 4712's AED 81,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 679 sqft | 1,400,000 | 2,062 | ||
| 16 Jun 202616 June 2026 | 843 sqft | 2,018,990 | 2,395 | ||
| 18 May 202618 May 2026 | 974 sqft | 2,000,000 | 2,054 | ||
| 8 May 20268 May 2026 | 681 sqft | 1,650,000 | 2,423 |
Paramount Tower Hotel & Residences Downtown
Building784 apartments, studios to 3-bed over 63 floors in Business Bay, completed in 2022 by Namaa Properties Development. 32 sold in the last 12 months.
- Typical price per sqft
- AED 2,009 Up 3.5%
- Typical sale
- AED 2.38M
- Typical rent
- AED 150K /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 | ||
| 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 | |
| 4713 | 1-bed | 663 sqft | AED 1.53MAED 1,533,754 · Sep 2016September 2016 | 105,000 /yr |
4712, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 29 December 2021 for AED 1,167,234, last on 18 July 2025 for AED 2,000,000 (AED 2,938 per sqft).
- Rented since November 2022 on one Ejari contract, at AED 81,000 a year.
- At AED 81,000 a year the gross yield on the 2025 price is 4.0%, before a service charge of about AED 13,600 a year (AED 19.93 per sqft).
- One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000–2,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,009 per sqft.
Source: Dubai Land Department. Updated 18 July 2025.
Questions about 4712, Paramount Tower Hotel & Residences Downtown
What did unit 4712 last sell for?
AED 2,000,000 on 18 July 2025: AED 2,938 per sqft for 681 sqft. The unit has 3 registered sales; the first was AED 1,167,234 in December 2021.
What is the rent for unit 4712?
AED 81,000 a year on the contract signed on 15 November 2022.
How big is unit 4712?
681 sqft (63.3 sqm): a one-bedroom apartment on the 47th floor of a 63-storey tower completed in 2022.
What is unit 4712 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,119 per sqft.
Selling 4712? 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 4712, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2M, 18 July 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →