4808, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2019, and rented once, from September 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4808, Paramount Tower Hotel & Residences Downtown
What is 4808 worth today?
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Source: Dubai Land Department. Updated 29 September 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 48th of 63
- Parking
- B1-17
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.76M · October 2019
About 4808, Paramount Tower Hotel & Residences Downtown
4808 is a three-bedroom apartment of 1,644 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 24 October 2019 for AED 2,759,000, or AED 1,678 per sqft, in line with the AED 1,724 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 29 September 2022. The current contract, signed on 29 September 2022, is AED 165,000 a year: a gross yield of 6.0% on the 2019 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4808 over time
4808 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 4808 sits
All 78 3-beds →4808 last sold in October 2019 at AED 1,678 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,724). 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. 4808's AED 165,000 is in the lower 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 | |
| 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 | |
| 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 |
4808, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 24 October 2019 for AED 2,759,000, or AED 1,678 per sqft.
- Rented since September 2022 on one Ejari contract, at AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2019 price is 6.0%, 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 29 September 2022.
Questions about 4808, Paramount Tower Hotel & Residences Downtown
What did unit 4808 last sell for?
AED 2,759,000 on 24 October 2019, sold by the developer: AED 1,678 per sqft for 1,644 sqft. It is the only registered sale of the unit.
What is the rent for unit 4808?
AED 165,000 a year on the contract signed on 29 September 2022.
How big is unit 4808?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 48th floor of a 63-storey tower completed in 2022.
What is unit 4808 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 4808, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.76M, 24 October 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,759,000
- Deposit, UAE resident (20%)
- AED 551,800
- Deposit, non-resident (40%)
- AED 1,103,600
- Monthly over 25 years at 3.7%
- AED 11,288
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →