4809, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 4 times, last in May 2024, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4809, Paramount Tower Hotel & Residences Downtown
What is 4809 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,221 sqft
- Floor
- 48th of 63
- Parking
- P6-01
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 24,300 /yr
- Last sold
- AED 2.1M · May 2024
About 4809, Paramount Tower Hotel & Residences Downtown
4809 is a two-bedroom apartment of 1,221 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 22 May 2024 for AED 2,100,000, or AED 1,720 per sqft, in line with the AED 1,741 two-beds in the building were fetching at the time.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 1 August 2026, is AED 160,000 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 24,300 a year.
Sales and rents for 4809 over time
4809 has sold 4 times; 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 4809 sits
All 329 2-beds →4809 last sold in May 2024 at AED 1,720 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,741). 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. 4809's AED 160,000 is in the upper 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 | |
| 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 | |
| 4808 | 3-bed | 1,644 sqft | AED 2.76MAED 2,759,000 · Oct 2019October 2019 | 165,000 /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 |
4809, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 4 times: first on 7 November 2019 for AED 2,414,000, last on 22 May 2024 for AED 2,100,000 (AED 1,720 per sqft).
- Rented since August 2024 on 4 Ejari contracts, from AED 182,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2024 price is 7.6%, before a service charge of about AED 24,300 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 1 August 2026.
Questions about 4809, Paramount Tower Hotel & Residences Downtown
What did unit 4809 last sell for?
AED 2,100,000 on 22 May 2024: AED 1,720 per sqft for 1,221 sqft. The unit has 4 registered sales; the first was AED 2,414,000 in November 2019.
What is the rent for unit 4809?
AED 160,000 a year on the contract renewed on 1 August 2026. The previous contract, from August 2025, was AED 182,000; the unit has been rented since August 2024.
How big is unit 4809?
1,221 sqft (113.4 sqm): a two-bedroom apartment on the 48th floor of a 63-storey tower completed in 2022.
What is unit 4809 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 4809, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.1M, 22 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,100,000
- Deposit, UAE resident (20%)
- AED 420,000
- Deposit, non-resident (40%)
- AED 840,000
- Monthly over 25 years at 3.7%
- AED 8,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →