4804, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in January 2016, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4804, Paramount Tower Hotel & Residences Downtown
What is 4804 worth today?
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Source: Dubai Land Department. Updated 15 September 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 48th of 63
- Parking
- P5-45
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.2M · January 2016
About 4804, Paramount Tower Hotel & Residences Downtown
4804 is a two-bedroom apartment of 1,121 sqft on the 48th 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 27 January 2016 for AED 2,199,250, or AED 1,961 per sqft, in line with the AED 1,941 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 15 September 2025, is AED 155,000 a year: a gross yield of 7.0% on the 2016 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4804 over time
4804 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 4804 sits
All 329 2-beds →4804 last sold in January 2016 at AED 1,961 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,941). 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. 4804's AED 155,000 is in the lower 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 48th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4801 | 2-bed | 1,339 sqft | AED 2.35MAED 2,346,624 · Jan 2016January 2016 | 185,000 /yr | |
| 4802 | 2-bed | 1,167 sqft | AED 2.21MAED 2,208,750 · Oct 2015October 2015 | 130,000 /yr | |
| 4803 | 2-bed | 1,121 sqft | AED 2.45MAED 2,450,000 · Mar 2024March 2024 | 165,000 /yr | |
| 4805 | 2-bed | 1,152 sqft | AED 2.33MAED 2,326,000 · Jul 2017July 2017 | 165,000 /yr | |
| 4806 | 3-bed | 1,586 sqft | AED 3.57MAED 3,573,500 · Mar 2025March 2025 | 260,004 /yr | |
| 4807 | 3-bed | 1,645 sqft | AED 3.44MAED 3,436,150 · Oct 2015October 2015 | 150,000 /yr | |
| 4808 | 3-bed | 1,644 sqft | AED 2.76MAED 2,759,000 · Oct 2019October 2019 | 165,000 /yr | |
| 4809 | 2-bed | 1,221 sqft | AED 2.1MAED 2,100,000 · May 2024May 2024 | 160,000 /yr | |
| 4810 | 2-bed | 1,186 sqft | AED 2.05MAED 2,050,000 · Feb 2024February 2024 | ||
| 4811 | 2-bed | 1,290 sqft | AED 2.18MAED 2,175,000 · Jun 2025June 2025 | 180,000 /yr | |
| 4812 | 1-bed | 681 sqft | AED 1.21MAED 1,211,000 · Sep 2019September 2019 | 120,000 /yr | |
| 4813 | 1-bed | 663 sqft | AED 1.18MAED 1,179,090 · Mar 2019March 2019 | 100,000 /yr |
4804, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 27 January 2016 for AED 2,199,250, or AED 1,961 per sqft.
- Rented since February 2023 on 3 Ejari contracts, at AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2016 price is 7.0%, before a service charge of about AED 22,300 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 15 September 2025.
Questions about 4804, Paramount Tower Hotel & Residences Downtown
What did unit 4804 last sell for?
AED 2,199,250 on 27 January 2016, sold by the developer: AED 1,961 per sqft for 1,121 sqft. It is the only registered sale of the unit.
What is the rent for unit 4804?
AED 155,000 a year on the contract renewed on 15 September 2025. The previous contract, from September 2024, was AED 155,000; the unit has been rented since February 2023.
How big is unit 4804?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 48th floor of a 63-storey tower completed in 2022.
What is unit 4804 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 4804, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 27 January 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,199,250
- Deposit, UAE resident (20%)
- AED 439,850
- Deposit, non-resident (40%)
- AED 879,700
- Monthly over 25 years at 3.7%
- AED 8,998
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →