4806, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in March 2025, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4806, Paramount Tower Hotel & Residences Downtown
What is 4806 worth today?
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Source: Dubai Land Department. Updated 18 April 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,586 sqft
- Floor
- 48th of 63
- Parking
- B1-15
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 3.57M · March 2025
About 4806, Paramount Tower Hotel & Residences Downtown
4806 is a three-bedroom apartment of 1,586 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. It last sold on 20 March 2025 for AED 3,573,500, or AED 2,253 per sqft, 13% above the AED 1,991 three-beds in the building were fetching at the time.
It has been rented since 2025 on 3 Ejari contracts. The current contract, renewed on 18 April 2026, is AED 260,004 a year: a gross yield of 7.3% on the 2025 price, before the service charge of about AED 31,600 a year.
Sales and rents for 4806 over time
4806 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 4806 sits
All 78 3-beds →4806 last sold in March 2025 at AED 2,253 per sqft, 13% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,991). 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. 4806's AED 260,004 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 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 | |
| 4804 | 2-bed | 1,121 sqft | AED 2.2MAED 2,199,250 · Jan 2016January 2016 | 155,000 /yr | |
| 4805 | 2-bed | 1,152 sqft | AED 2.33MAED 2,326,000 · Jul 2017July 2017 | 165,000 /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 |
4806, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 29 December 2015 for AED 3,530,200, last on 20 March 2025 for AED 3,573,500 (AED 2,253 per sqft).
- Rented since April 2025 on 3 Ejari contracts, from AED 244,800 to AED 260,004 a year.
- At AED 260,004 a year the gross yield on the 2025 price is 7.3%, before a service charge of about AED 31,600 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 18 April 2026.
Questions about 4806, Paramount Tower Hotel & Residences Downtown
What did unit 4806 last sell for?
AED 3,573,500 on 20 March 2025: AED 2,253 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 3,530,200 in December 2015.
What is the rent for unit 4806?
AED 260,004 a year on the contract renewed on 18 April 2026. The previous contract, from April 2025, was AED 244,800; the unit has been rented since April 2025.
How big is unit 4806?
1,586 sqft (147.3 sqm): a three-bedroom apartment on the 48th floor of a 63-storey tower completed in 2022.
What is unit 4806 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 4806, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.57M, 20 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 3,573,500
- Deposit, UAE resident (20%)
- AED 714,700
- Deposit, non-resident (40%)
- AED 1,429,400
- Monthly over 25 years at 3.7%
- AED 14,620
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →