4908, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in March 2022, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4908, Paramount Tower Hotel & Residences Downtown
What is 4908 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 11 August 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 49th of 63
- Parking
- B1-20
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.41M · March 2022
About 4908, Paramount Tower Hotel & Residences Downtown
4908 is a three-bedroom apartment of 1,644 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 30 March 2022 for AED 2,411,847, or AED 1,467 per sqft, 8% below the AED 1,587 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 11 August 2026, is AED 191,670 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 32,800 a year.
Sales and rents for 4908 over time
4908 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 4908 sits
All 78 3-beds →4908 last sold in March 2022 at AED 1,467 per sqft, 8% below what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,587). 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. 4908's AED 191,670 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 | |
| 4907 | 3-bed | 1,645 sqft | AED 2.77MAED 2,773,730 · Dec 2021December 2021 | 180,000 /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 |
4908, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 30 March 2022 for AED 2,411,847, or AED 1,467 per sqft.
- Rented since July 2025 on 3 Ejari contracts, from AED 230,000 to AED 191,670 a year.
- At AED 191,670 a year the gross yield on the 2022 price is 8.0%, 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 11 August 2026.
Questions about 4908, Paramount Tower Hotel & Residences Downtown
What did unit 4908 last sell for?
AED 2,411,847 on 30 March 2022, sold by the developer: AED 1,467 per sqft for 1,644 sqft. It is the only registered sale of the unit.
What is the rent for unit 4908?
AED 191,670 a year on the contract renewed on 11 August 2026. The previous contract, from July 2025, was AED 230,000; the unit has been rented since July 2025.
How big is unit 4908?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 49th floor of a 63-storey tower completed in 2022.
What is unit 4908 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 4908? 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 4908, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.41M, 30 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,411,847
- Deposit, UAE resident (20%)
- AED 482,369
- Deposit, non-resident (40%)
- AED 964,739
- Monthly over 25 years at 3.7%
- AED 9,868
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →