4912, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4912, Paramount Tower Hotel & Residences Downtown
What is 4912 worth today?
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Source: Dubai Land Department. Updated 7 November 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 681 sqft
- Floor
- 49th of 63
- Parking
- P5-40
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,600 /yr
- Last sold
- AED 1.22M · November 2022
About 4912, Paramount Tower Hotel & Residences Downtown
4912 is a one-bedroom apartment of 681 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. It last sold on 7 November 2022 for AED 1,220,000, or AED 1,792 per sqft, in line with the AED 1,794 one-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 4912 over time
4912 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Paramount Tower Hotel & Residences Downtown, and where 4912 sits
All 174 1-beds →4912 last sold in November 2022 at AED 1,792 per sqft, in line with what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,794). Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,119 per sqft, and rent for AED 90,000 to 147,500 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 679 sqft | 1,400,000 | 2,062 | ||
| 16 Jun 202616 June 2026 | 843 sqft | 2,018,990 | 2,395 | ||
| 18 May 202618 May 2026 | 974 sqft | 2,000,000 | 2,054 | ||
| 8 May 20268 May 2026 | 681 sqft | 1,650,000 | 2,423 |
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 | |
| 4911 | 2-bed | 1,290 sqft | AED 2.29MAED 2,287,000 · Nov 2019November 2019 | 147,000 /yr | |
| 4913 | 1-bed | 663 sqft | AED 1.56MAED 1,561,052 · Aug 2016August 2016 | 130,000 /yr |
4912, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 26 February 2019 for AED 1,197,000, last on 7 November 2022 for AED 1,220,000 (AED 1,792 per sqft).
- One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000–2,100,000 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 7 November 2022.
Questions about 4912, Paramount Tower Hotel & Residences Downtown
What did unit 4912 last sell for?
AED 1,220,000 on 7 November 2022: AED 1,792 per sqft for 681 sqft. The unit has 2 registered sales; the first was AED 1,197,000 in February 2019.
How big is unit 4912?
681 sqft (63.3 sqm): a one-bedroom apartment on the 49th floor of a 63-storey tower completed in 2022.
What is unit 4912 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,119 per sqft.
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Mortgage on 4912, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.22M, 7 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,220,000
- Deposit, UAE resident (20%)
- AED 244,000
- Deposit, non-resident (40%)
- AED 488,000
- Monthly over 25 years at 3.7%
- AED 4,991
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →