2-bed · 1,167 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 61st floor · completed 2022

6102, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold twice, last in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 6102 · DLD and Ejari recordsUpdated 19 December 2022
Last soldAED 2.05M19 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 6102, Paramount Tower Hotel & Residences Downtown

What is 6102 worth today?

Last sold for AED 2,050,000 in 2022

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19 Dec 2022SoldReady
AED 2,050,000AED 1,756 per sqft
29 Sep 2020Sold by developerOff-plan
AED 1,639,635AED 1,404 per sqft

Source: Dubai Land Department. Updated 19 December 2022.

Key facts

Type
2-bed apartment
Size
1,167 sqft
Floor
61st of 63
Parking
P2-37
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 23,300 /yr
Last sold
AED 2.05M · December 2022

About 6102, Paramount Tower Hotel & Residences Downtown

6102 is a two-bedroom apartment of 1,167 sqft on the 61st 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 19 December 2022 for AED 2,050,000, or AED 1,756 per sqft, 9% above the AED 1,606 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 6102 over time

Sales
Unit 6102, each saleTypical two-bed in Paramount Tower Hotel & Residences Downtown
1.5M2M2.5M20152018202120242027Typical sale price by year: 2015 AED 2,242,950; 2016 AED 2,208,745; 2017 AED 2,214,000; 2018 AED 2,293,890; 2019 AED 2,144,000; 2020 AED 1,660,497; 2021 AED 1,965,408; 2022 AED 2,000,050; 2023 AED 2,150,000; 2024 AED 2,350,000; 2025 AED 2,400,000; 2026 AED 2,550,000Sold by developer, September 2020: AED 1,639,635 (AED 1,404 per sqft)Sold, December 2022: AED 2,050,000 (AED 1,756 per sqft)

6102 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 6102, each contractTypical two-bed in Paramount Tower Hotel & Residences Downtown
125K150K175K202220242026Typical rent by year: 2022 AED 120,000; 2023 AED 140,000; 2024 AED 166,500; 2025 AED 175,000; 2026 AED 155,000

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 6102 sits

All 329 2-beds →

6102 last sold in December 2022 at AED 1,756 per sqft, 9% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,606). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Sep 20262,350,000
13 Aug 20262,725,000
25 Jun 20263,200,000
6 May 20262,800,000
14 2-bed sales in the last 12 months

Paramount Tower Hotel & Residences Downtown

Building

784 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%
Paramount Tower Hotel & Residences Downtown, Business Bay: prices, sales and rents →
Value
61012-bedAED 1.88M · Feb 2020
61032-bedAED 1.55M · Apr 2020
61042-bedAED 2.1M · May 2023
61052-bedAED 2.45M · Dec 2023
61063-bedAED 3M · Feb 2025
61073-bedAED 3.08M · Nov 2019
61083-bedAED 3.38M · Dec 2024
1–7 of 12

6102, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold twice: first on 29 September 2020 for AED 1,639,635, last on 19 December 2022 for AED 2,050,000 (AED 1,756 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 19 December 2022.

Questions about 6102, Paramount Tower Hotel & Residences Downtown

What did unit 6102 last sell for?

AED 2,050,000 on 19 December 2022: AED 1,756 per sqft for 1,167 sqft. The unit has 2 registered sales; the first was AED 1,639,635 in September 2020.

How big is unit 6102?

1,167 sqft (108.4 sqm): a two-bedroom apartment on the 61st floor of a 63-storey tower completed in 2022.

What is unit 6102 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 6102, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 2.05M, 19 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →