6306, 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 6306, Paramount Tower Hotel & Residences Downtown
What is 6306 worth today?
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Source: Dubai Land Department. Updated 16 August 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,478 sqft
- Floor
- 63rd of 63
- Parking
- P1-13
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 29,500 /yr
- Last sold
- AED 3.51M · August 2022
About 6306, Paramount Tower Hotel & Residences Downtown
6306 is a three-bedroom apartment of 1,478 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 3,508,730, or AED 2,373 per sqft, 50% above the AED 1,584 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 6306 over time
6306 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 6306 sits
All 78 3-beds →6306 last sold in August 2022 at AED 2,373 per sqft, 50% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,584). 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.
| 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 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 | ||
| 6303 | 2-bed | 1,040 sqft | AED 2.47MAED 2,470,309 · 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 | ||
| 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 |
6306, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 16 August 2022 for AED 3,508,730, or AED 2,373 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 16 August 2022.
Questions about 6306, Paramount Tower Hotel & Residences Downtown
What did unit 6306 last sell for?
AED 3,508,730 on 16 August 2022, sold by the developer: AED 2,373 per sqft for 1,478 sqft. It is the only registered sale of the unit.
How big is unit 6306?
1,478 sqft (137.3 sqm): a three-bedroom apartment on the 63rd floor of a 63-storey tower completed in 2022.
What is unit 6306 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 6306, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.51M, 16 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,508,730
- Deposit, UAE resident (20%)
- AED 701,746
- Deposit, non-resident (40%)
- AED 1,403,492
- Monthly over 25 years at 3.7%
- AED 14,355
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →