5006, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 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 5006, Paramount Tower Hotel & Residences Downtown
What is 5006 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 15 November 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 1,586 sqft
- Floor
- 50th of 63
- Parking
- B1-21
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 3.16M · November 2022
About 5006, Paramount Tower Hotel & Residences Downtown
5006 is a three-bedroom apartment of 1,586 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 15 November 2022 for AED 3,156,000, or AED 1,990 per sqft, 19% above the AED 1,667 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5006 over time
5006 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 5006 sits
All 78 3-beds →5006 last sold in November 2022 at AED 1,990 per sqft, 19% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,667). 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 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 | |
| 5004 | 2-bed | 1,121 sqft | AED 2.2MAED 2,199,250 · Nov 2015November 2015 | 165,000 /yr | |
| 5005 | 2-bed | 1,166 sqft | AED 2.05MAED 2,054,000 · Jul 2019July 2019 | 120,000 /yr | |
| 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 |
5006, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 15 November 2022 for AED 3,156,000, or AED 1,990 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 15 November 2022.
Questions about 5006, Paramount Tower Hotel & Residences Downtown
What did unit 5006 last sell for?
AED 3,156,000 on 15 November 2022, sold by the developer: AED 1,990 per sqft for 1,586 sqft. It is the only registered sale of the unit.
How big is unit 5006?
1,586 sqft (147.3 sqm): a three-bedroom apartment on the 50th floor of a 63-storey tower completed in 2022.
What is unit 5006 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.
Selling 5006? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 5006, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.16M, 15 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 3,156,000
- Deposit, UAE resident (20%)
- AED 631,200
- Deposit, non-resident (40%)
- AED 1,262,400
- Monthly over 25 years at 3.7%
- AED 12,912
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →