5007, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5007, Paramount Tower Hotel & Residences Downtown
What is 5007 worth today?
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Source: Dubai Land Department. Updated 15 June 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 50th of 63
- Parking
- P1-34
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 3.52M · July 2016
About 5007, Paramount Tower Hotel & Residences Downtown
5007 is a three-bedroom apartment of 1,645 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 12 July 2016 for AED 3,521,650, or AED 2,141 per sqft, in line with the AED 2,089 three-beds in the building were fetching at the time.
It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 15 June 2026, is AED 200,000 a year: a gross yield of 5.7% on the 2016 price, before the service charge of about AED 32,800 a year.
Sales and rents for 5007 over time
5007 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 5007 sits
All 78 3-beds →5007 last sold in July 2016 at AED 2,141 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,089). 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. 5007's AED 200,000 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 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 | |
| 5006 | 3-bed | 1,586 sqft | AED 3.16MAED 3,156,000 · Nov 2022November 2022 | ||
| 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 |
5007, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 12 July 2016 for AED 3,521,650, or AED 2,141 per sqft.
- Rented since June 2024 on 4 Ejari contracts, from AED 220,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2016 price is 5.7%, before a service charge of about AED 32,800 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 15 June 2026.
Questions about 5007, Paramount Tower Hotel & Residences Downtown
What did unit 5007 last sell for?
AED 3,521,650 on 12 July 2016, sold by the developer: AED 2,141 per sqft for 1,645 sqft. It is the only registered sale of the unit.
What is the rent for unit 5007?
AED 200,000 a year on the contract renewed on 15 June 2026. The previous contract, from June 2025, was AED 220,000; the unit has been rented since June 2024.
How big is unit 5007?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 50th floor of a 63-storey tower completed in 2022.
What is unit 5007 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 5007, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 3.52M, 12 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 3,521,650
- Deposit, UAE resident (20%)
- AED 704,330
- Deposit, non-resident (40%)
- AED 1,408,660
- Monthly over 25 years at 3.7%
- AED 14,408
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →