4907, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in December 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4907, Paramount Tower Hotel & Residences Downtown
What is 4907 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 10 August 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 49th of 63
- Parking
- B1-19
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.77M · December 2021
About 4907, Paramount Tower Hotel & Residences Downtown
4907 is a three-bedroom apartment of 1,645 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 26 December 2021 for AED 2,773,730, or AED 1,686 per sqft, 6% above the AED 1,584 three-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 10 August 2024, is AED 180,000 a year: a gross yield of 6.5% on the 2021 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4907 over time
4907 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 4907 sits
All 78 3-beds →4907 last sold in December 2021 at AED 1,686 per sqft, 6% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,584). 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. 4907's AED 180,000 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 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 | ||
| 4904 | 2-bed | 1,121 sqft | AED 2.2MAED 2,199,250 · Dec 2015December 2015 | 190,000 /yr | |
| 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 | |
| 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 |
4907, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 26 December 2021 for AED 2,773,730, or AED 1,686 per sqft.
- Rented since June 2022 on 3 Ejari contracts, from AED 163,000 to AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2021 price is 6.5%, 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 10 August 2024.
Questions about 4907, Paramount Tower Hotel & Residences Downtown
What did unit 4907 last sell for?
AED 2,773,730 on 26 December 2021, sold by the developer: AED 1,686 per sqft for 1,645 sqft. It is the only registered sale of the unit.
What is the rent for unit 4907?
AED 180,000 a year on the contract renewed on 10 August 2024. The previous contract, from August 2022, was AED 180,000; the unit has been rented since June 2022.
How big is unit 4907?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 49th floor of a 63-storey tower completed in 2022.
What is unit 4907 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.
Selling 4907? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 4907, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.77M, 26 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,773,730
- Deposit, UAE resident (20%)
- AED 554,746
- Deposit, non-resident (40%)
- AED 1,109,492
- Monthly over 25 years at 3.7%
- AED 11,348
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →