4904, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in December 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4904, Paramount Tower Hotel & Residences Downtown
What is 4904 worth today?
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Source: Dubai Land Department. Updated 20 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 49th of 63
- Parking
- P5-35
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.2M · December 2015
About 4904, Paramount Tower Hotel & Residences Downtown
4904 is a two-bedroom apartment of 1,121 sqft on the 49th 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 December 2015 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 2022 on 3 Ejari contracts. The current contract, signed on 20 November 2024, is AED 190,000 a year: a gross yield of 8.6% on the 2015 price, before the service charge of about AED 22,300 a year.
Sales and rents for 4904 over time
4904 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 4904 sits
All 329 2-beds →4904 last sold in December 2015 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. 4904's AED 190,000 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 49th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4901 | 2-bed | 1,339 sqft | AED 2.4MAED 2,400,000 · Jun 2023June 2023 | 220,000 /yr | |
| 4902 | 2-bed | 1,167 sqft | AED 2.4MAED 2,400,000 · Feb 2025February 2025 | ||
| 4903 | 2-bed | 1,121 sqft | AED 2.05MAED 2,050,000 · Dec 2022December 2022 | ||
| 4905 | 2-bed | 1,166 sqft | AED 1.77MAED 1,768,997 · Sep 2021September 2021 | ||
| 4906 | 3-bed | 1,586 sqft | AED 3.53MAED 3,530,200 · Oct 2015October 2015 | 189,000 /yr | |
| 4907 | 3-bed | 1,645 sqft | AED 2.77MAED 2,773,730 · Dec 2021December 2021 | 180,000 /yr | |
| 4908 | 3-bed | 1,644 sqft | AED 2.41MAED 2,411,847 · Mar 2022March 2022 | 191,670 /yr | |
| 4909 | 2-bed | 1,221 sqft | AED 1.85MAED 1,851,109 · Nov 2021November 2021 | 130,000 /yr | |
| 4910 | 2-bed | 607 sqft | AED 700KAED 700,000 · May 2019May 2019 | 155,000 /yr | |
| 4911 | 2-bed | 1,290 sqft | AED 2.29MAED 2,287,000 · Nov 2019November 2019 | 147,000 /yr | |
| 4912 | 1-bed | 681 sqft | AED 1.22MAED 1,220,000 · Nov 2022November 2022 | ||
| 4913 | 1-bed | 663 sqft | AED 1.56MAED 1,561,052 · Aug 2016August 2016 | 130,000 /yr |
4904, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 29 December 2015 for AED 2,199,250, or AED 1,961 per sqft.
- Rented since October 2022 on 3 Ejari contracts, from AED 130,000 to AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2015 price is 8.6%, 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 20 November 2024.
Questions about 4904, Paramount Tower Hotel & Residences Downtown
What did unit 4904 last sell for?
AED 2,199,250 on 29 December 2015, 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 4904?
AED 190,000 a year on the contract signed on 20 November 2024. The previous contract, from October 2023, was AED 136,500; the unit has been rented since October 2022.
How big is unit 4904?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 49th floor of a 63-storey tower completed in 2022.
What is unit 4904 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 4904, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 29 December 2015). 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 →