4713, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in September 2016, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4713, Paramount Tower Hotel & Residences Downtown
What is 4713 worth today?
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Source: Dubai Land Department. Updated 15 January 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 663 sqft
- Floor
- 47th of 63
- Parking
- P6-15
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,200 /yr
- Last sold
- AED 1.53M · September 2016
About 4713, Paramount Tower Hotel & Residences Downtown
4713 is a one-bedroom apartment of 663 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 29 September 2016 for AED 1,533,754, or AED 2,314 per sqft, in line with the AED 2,355 one-beds in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 15 January 2026, is AED 105,000 a year: a gross yield of 6.9% on the 2016 price, before the service charge of about AED 13,200 a year.
Sales and rents for 4713 over time
4713 has sold once; 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 4713 sits
All 174 1-beds →4713 last sold in September 2016 at AED 2,314 per sqft, in line with what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,355). 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. 4713's AED 105,000 is in the lower half 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 | |
| 4712 | 1-bed | 681 sqft | AED 2MAED 2,000,000 · Jul 2025July 2025 | 81,000 /yr |
4713, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 29 September 2016 for AED 1,533,754, or AED 2,314 per sqft.
- Rented since January 2025 on 2 Ejari contracts, at AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2016 price is 6.9%, before a service charge of about AED 13,200 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 15 January 2026.
Questions about 4713, Paramount Tower Hotel & Residences Downtown
What did unit 4713 last sell for?
AED 1,533,754 on 29 September 2016, sold by the developer: AED 2,314 per sqft for 663 sqft. It is the only registered sale of the unit.
What is the rent for unit 4713?
AED 105,000 a year on the contract renewed on 15 January 2026. The previous contract, from January 2025, was AED 105,000.
How big is unit 4713?
663 sqft (61.6 sqm): a one-bedroom apartment on the 47th floor of a 63-storey tower completed in 2022.
What is unit 4713 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.
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Mortgage on 4713, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.53M, 29 September 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,533,754
- Deposit, UAE resident (20%)
- AED 306,751
- Deposit, non-resident (40%)
- AED 613,502
- Monthly over 25 years at 3.7%
- AED 6,275
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →