5004, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 2015, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5004, Paramount Tower Hotel & Residences Downtown
What is 5004 worth today?
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Source: Dubai Land Department. Updated 14 January 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 50th of 63
- Parking
- P5-25
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.2M · November 2015
About 5004, Paramount Tower Hotel & Residences Downtown
5004 is a two-bedroom apartment of 1,121 sqft on the 50th 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 19 November 2015 for AED 2,199,250, or AED 1,961 per sqft, in line with the AED 1,941 two-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 14 January 2024, is AED 165,000 a year: a gross yield of 7.5% on the 2015 price, before the service charge of about AED 22,300 a year.
Sales and rents for 5004 over time
5004 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 5004 sits
All 329 2-beds →5004 last sold in November 2015 at AED 1,961 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,941). 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. 5004's AED 165,000 is in the upper half of that range.
| 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. 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 50th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5001 | 2-bed | 1,339 sqft | AED 2.21MAED 2,209,309 · Oct 2021October 2021 | 170,000 /yr | |
| 5002 | 2-bed | 1,167 sqft | AED 2.8MAED 2,800,000 · Jun 2024June 2024 | 165,000 /yr | |
| 5003 | 2-bed | 1,121 sqft | AED 1.87MAED 1,870,000 · Oct 2022October 2022 | 200,000 /yr | |
| 5005 | 2-bed | 1,166 sqft | AED 2.05MAED 2,054,000 · Jul 2019July 2019 | 120,000 /yr | |
| 5006 | 3-bed | 1,586 sqft | AED 3.16MAED 3,156,000 · Nov 2022November 2022 | ||
| 5007 | 3-bed | 1,645 sqft | AED 3.52MAED 3,521,650 · Jul 2016July 2016 | 200,000 /yr | |
| 5008 | 3-bed | 1,644 sqft | AED 2.43MAED 2,426,544 · Feb 2020February 2020 | 164,000 /yr | |
| 5009 | 2-bed | 1,221 sqft | AED 1.8MAED 1,800,000 · Oct 2022October 2022 | ||
| 5010 | 2-bed | 1,186 sqft | AED 2.27MAED 2,274,300 · Oct 2015October 2015 | 120,000 /yr | |
| 5011 | 2-bed | 1,290 sqft | AED 2.21MAED 2,212,320 · Feb 2022February 2022 | 116,652 /yr | |
| 5012 | 1-bed | 681 sqft | AED 1.5MAED 1,500,000 · Jul 2016July 2016 | ||
| 5013 | 1-bed | 663 sqft | AED 1.37MAED 1,366,200 · Sep 2018September 2018 | 95,000 /yr |
5004, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 19 November 2015 for AED 2,199,250, or AED 1,961 per sqft.
- Rented since October 2022 on 2 Ejari contracts, from AED 145,000 to AED 165,000 a year.
- At AED 165,000 a year the gross yield on the 2015 price is 7.5%, before a service charge of about AED 22,300 a year (AED 19.93 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 14 January 2024.
Questions about 5004, Paramount Tower Hotel & Residences Downtown
What did unit 5004 last sell for?
AED 2,199,250 on 19 November 2015, sold by the developer: AED 1,961 per sqft for 1,121 sqft. It is the only registered sale of the unit.
What is the rent for unit 5004?
AED 165,000 a year on the contract signed on 14 January 2024. The previous contract, from October 2022, was AED 145,000.
How big is unit 5004?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 50th floor of a 63-storey tower completed in 2022.
What is unit 5004 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 5004, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 19 November 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,199,250
- Deposit, UAE resident (20%)
- AED 439,850
- Deposit, non-resident (40%)
- AED 879,700
- Monthly over 25 years at 3.7%
- AED 8,998
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →