4911, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 2019, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4911, Paramount Tower Hotel & Residences Downtown
What is 4911 worth today?
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Source: Dubai Land Department. Updated 1 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,290 sqft
- Floor
- 49th of 63
- Parking
- P5-39
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 25,700 /yr
- Last sold
- AED 2.29M · November 2019
About 4911, Paramount Tower Hotel & Residences Downtown
4911 is a two-bedroom apartment of 1,290 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 18 November 2019 for AED 2,287,000, or AED 1,773 per sqft, in line with the AED 1,744 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 1 October 2025, is AED 147,000 a year: a gross yield of 6.4% on the 2019 price, before the service charge of about AED 25,700 a year.
Sales and rents for 4911 over time
4911 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 4911 sits
All 329 2-beds →4911 last sold in November 2019 at AED 1,773 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,744). 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. 4911's AED 147,000 is in the lower 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 | ||
| 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 | |
| 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 | |
| 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 |
4911, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 18 November 2019 for AED 2,287,000, or AED 1,773 per sqft.
- Rented since September 2022 on 4 Ejari contracts, from AED 110,000 to AED 147,000 a year.
- At AED 147,000 a year the gross yield on the 2019 price is 6.4%, before a service charge of about AED 25,700 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 October 2025.
Questions about 4911, Paramount Tower Hotel & Residences Downtown
What did unit 4911 last sell for?
AED 2,287,000 on 18 November 2019, sold by the developer: AED 1,773 per sqft for 1,290 sqft. It is the only registered sale of the unit.
What is the rent for unit 4911?
AED 147,000 a year on the contract renewed on 1 October 2025. The previous contract, from October 2024, was AED 140,000; the unit has been rented since September 2022.
How big is unit 4911?
1,290 sqft (119.8 sqm): a two-bedroom apartment on the 49th floor of a 63-storey tower completed in 2022.
What is unit 4911 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 4911, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.29M, 18 November 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,287,000
- Deposit, UAE resident (20%)
- AED 457,400
- Deposit, non-resident (40%)
- AED 914,800
- Monthly over 25 years at 3.7%
- AED 9,357
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →