6303, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in August 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 6303, Paramount Tower Hotel & Residences Downtown
What is 6303 worth today?
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Source: Dubai Land Department. Updated 16 August 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,040 sqft
- Floor
- 63rd of 63
- Parking
- P2-23
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 20,700 /yr
- Last sold
- AED 2.47M · August 2022
About 6303, Paramount Tower Hotel & Residences Downtown
6303 is a two-bedroom apartment of 1,040 sqft on the 63rd 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 16 August 2022 for AED 2,470,309, or AED 2,374 per sqft, 50% above the AED 1,585 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 6303 over time
6303 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 6303 sits
All 329 2-beds →6303 last sold in August 2022 at AED 2,374 per sqft, 50% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,585). Over the last 12 months two-beds sold for AED 2,350,000 to 3,200,000, around AED 2,019 per sqft, and rent for AED 100,000 to 220,000 a year.
| 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. 32 sold in the last 12 months.
- Typical price per sqft
- AED 2,009 Up 3.5%
- Typical sale
- AED 2.38M
- Typical rent
- AED 150K /yr
- Typical yield
- 6.6%
Other units on the 63rd floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 6302 | 2-bed | 1,062 sqft | AED 2.52MAED 2,521,680 · Aug 2022August 2022 | ||
| 6304 | 2-bed | 1,040 sqft | AED 2.47MAED 2,470,309 · Aug 2022August 2022 | ||
| 6305 | 2-bed | 1,065 sqft | AED 2.53MAED 2,527,570 · Aug 2022August 2022 | ||
| 6306 | 3-bed | 1,478 sqft | AED 3.51MAED 3,508,730 · Aug 2022August 2022 | ||
| 6307 | 3-bed | 1,661 sqft | AED 3.96MAED 3,960,455 · Aug 2022August 2022 | ||
| 6308 | 3-bed | 1,693 sqft | AED 4.02MAED 4,020,519 · Aug 2022August 2022 | ||
| 6309 | 2-bed | 1,316 sqft | AED 3.13MAED 3,125,263 · Aug 2022August 2022 | ||
| 6310 | 2-bed | 1,240 sqft | AED 2.94MAED 2,944,525 · Aug 2022August 2022 | ||
| 6311 | 2-bed | 1,291 sqft | AED 3.07MAED 3,072,609 · Aug 2022August 2022 |
6303, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 16 August 2022 for AED 2,470,309, or AED 2,374 per sqft.
- Two-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,350,000–3,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,009 per sqft.
Source: Dubai Land Department. Updated 16 August 2022.
Questions about 6303, Paramount Tower Hotel & Residences Downtown
What did unit 6303 last sell for?
AED 2,470,309 on 16 August 2022, sold by the developer: AED 2,374 per sqft for 1,040 sqft. It is the only registered sale of the unit.
How big is unit 6303?
1,040 sqft (96.6 sqm): a two-bedroom apartment on the 63rd floor of a 63-storey tower completed in 2022.
What is unit 6303 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 2,350,000 to 3,200,000 in the last 12 months, around AED 2,019 per sqft.
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Mortgage on 6303, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.47M, 16 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,470,309
- Deposit, UAE resident (20%)
- AED 494,062
- Deposit, non-resident (40%)
- AED 988,124
- Monthly over 25 years at 3.7%
- AED 10,107
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →