6208, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 2020, 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 6208, Paramount Tower Hotel & Residences Downtown
What is 6208 worth today?
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Source: Dubai Land Department. Updated 6 February 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 1,693 sqft
- Floor
- 62nd of 63
- Parking
- P1-12
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 33,700 /yr
- Last sold
- AED 2.9M · November 2020
About 6208, Paramount Tower Hotel & Residences Downtown
6208 is a three-bedroom apartment of 1,693 sqft on the 62nd 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 9 November 2020 for AED 2,904,000, or AED 1,715 per sqft, 10% above the AED 1,564 three-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 6 February 2025, is AED 174,109 a year: a gross yield of 6.0% on the 2020 price, before the service charge of about AED 33,700 a year.
Sales and rents for 6208 over time
6208 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 6208 sits
All 78 3-beds →6208 last sold in November 2020 at AED 1,715 per sqft, 10% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,564). 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. 6208's AED 174,109 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 62nd floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 6201 | 2-bed | 1,237 sqft | AED 2.25MAED 2,250,000 · Nov 2025November 2025 | ||
| 6202 | 2-bed | 1,062 sqft | AED 1.97MAED 1,971,000 · Jun 2020June 2020 | ||
| 6203 | 2-bed | 1,040 sqft | AED 2.1MAED 2,100,000 · Dec 2024December 2024 | ||
| 6204 | 2-bed | 1,040 sqft | AED 1.95MAED 1,950,000 · Feb 2024February 2024 | 165,000 /yr | |
| 6205 | 2-bed | 1,065 sqft | AED 1.51MAED 1,512,300 · Jun 2020June 2020 | 180,000 /yr | |
| 6206 | 3-bed | 739 sqft | AED 2.28MAED 2,276,120 · Feb 2021February 2021 | 163,000 /yr | |
| 6207 | 3-bed | 1,661 sqft | AED 4MAED 4,000,000 · Mar 2023March 2023 | ||
| 6209 | 2-bed | 1,316 sqft | AED 2.35MAED 2,350,000 · Nov 2024November 2024 | 150,000 /yr | |
| 6210 | 2-bed | 1,240 sqft | AED 2MAED 2,000,100 · Aug 2022August 2022 | ||
| 6211 | 2-bed | 1,292 sqft | AED 2.03MAED 2,025,110 · Mar 2021March 2021 | 147,000 /yr | |
| 6212 | 1-bed | 682 sqft | AED 1.7MAED 1,700,000 · Jan 2024January 2024 | ||
| 6213 | 1-bed | 683 sqft | AED 1.4MAED 1,400,000 · Oct 2023October 2023 | 135,000 /yr |
6208, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 9 November 2020 for AED 2,904,000, or AED 1,715 per sqft.
- Rented since August 2022 on 5 Ejari contracts, from AED 163,000 to AED 174,109 a year.
- At AED 174,109 a year the gross yield on the 2020 price is 6.0%, before a service charge of about AED 33,700 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 6 February 2025.
Questions about 6208, Paramount Tower Hotel & Residences Downtown
What did unit 6208 last sell for?
AED 2,904,000 on 9 November 2020, sold by the developer: AED 1,715 per sqft for 1,693 sqft. It is the only registered sale of the unit.
What is the rent for unit 6208?
AED 174,109 a year on the contract renewed on 6 February 2025. The previous contract, from February 2025, was AED 174,109; the unit has been rented since August 2022.
How big is unit 6208?
1,693 sqft (157.3 sqm): a three-bedroom apartment on the 62nd floor of a 63-storey tower completed in 2022.
What is unit 6208 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.
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Mortgage on 6208, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.9M, 9 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 2,904,000
- Deposit, UAE resident (20%)
- AED 580,800
- Deposit, non-resident (40%)
- AED 1,161,600
- Monthly over 25 years at 3.7%
- AED 11,881
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →