5010, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5010, Paramount Tower Hotel & Residences Downtown
What is 5010 worth today?
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Source: Dubai Land Department. Updated 1 November 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,186 sqft
- Floor
- 50th of 63
- Parking
- P5-28
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,600 /yr
- Last sold
- AED 2.27M · October 2015
About 5010, Paramount Tower Hotel & Residences Downtown
5010 is a two-bedroom apartment of 1,186 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 28 October 2015 for AED 2,274,300, or AED 1,917 per sqft, in line with the AED 1,941 two-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 1 November 2026, is AED 120,000 a year: a gross yield of 5.3% on the 2015 price, before the service charge of about AED 23,600 a year.
Sales and rents for 5010 over time
5010 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 5010 sits
All 329 2-beds →5010 last sold in October 2015 at AED 1,917 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. 5010's AED 120,000 is in the lower 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 | |
| 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 | ||
| 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 | ||
| 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 |
5010, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 28 October 2015 for AED 2,274,300, or AED 1,917 per sqft.
- Rented since November 2024 on 3 Ejari contracts, from AED 135,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2015 price is 5.3%, before a service charge of about AED 23,600 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 1 November 2026.
Questions about 5010, Paramount Tower Hotel & Residences Downtown
What did unit 5010 last sell for?
AED 2,274,300 on 28 October 2015, sold by the developer: AED 1,917 per sqft for 1,186 sqft. It is the only registered sale of the unit.
What is the rent for unit 5010?
AED 120,000 a year on the contract signed on 1 November 2026. The previous contract, from November 2025, was AED 135,000; the unit has been rented since November 2024.
How big is unit 5010?
1,186 sqft (110.2 sqm): a two-bedroom apartment on the 50th floor of a 63-storey tower completed in 2022.
What is unit 5010 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 5010, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.27M, 28 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,274,300
- Deposit, UAE resident (20%)
- AED 454,860
- Deposit, non-resident (40%)
- AED 909,720
- Monthly over 25 years at 3.7%
- AED 9,305
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →