1-bed · 681 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 50th floor · completed 2022

5012, Paramount Tower Hotel & Residences Downtown

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in July 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 5012 · DLD and Ejari recordsUpdated 12 July 2016

Last soldAED 1.5M12 July 2016

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 5012, Paramount Tower Hotel & Residences Downtown

Today

What is 5012 worth today?

Last sold for AED 1,500,000 in 2016

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12 Jul 2016

12 Jul 2016Sold by developerOff-plan

AED 1,500,000AED 2,203 per sqft

Source: Dubai Land Department. Updated 12 July 2016.

Key facts

Type: 1-bed apartment
Size: 681 sqft
Floor: 50th of 63
Parking: P5-30
Developer: Namaa Properties Development
Completed: 2022
Service charge: AED 13,600 /yr
Last sold: AED 1.5M · July 2016
Building: Paramount Tower Hotel & Residences Downtown

About 5012, Paramount Tower Hotel & Residences Downtown

5012 is a one-bedroom apartment of 681 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 1,500,000, or AED 2,203 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5012 over time

Sales

Unit 5012, each saleTypical one-bed in Paramount Tower Hotel & Residences Downtown

5012 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 5012, each contractTypical one-bed in Paramount Tower Hotel & Residences Downtown

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Paramount Tower Hotel & Residences Downtown, and where 5012 sits

All 174 1-beds →

1-beds in Paramount Tower Hotel & Residences Downtown · last 12 months2,119 /sqft Paramount Tower Hotel & Residences Downtown · all types2,005 /sqft

Over the last 12 months one-beds sold for AED 1,400,000 to 2,100,000, around AED 2,119 per sqft, and rent for AED 90,000 to 147,500 a year.

Recent 1-bed sales	Size	Price (AED)	Per sqft
15 Oct 202615 October 2026	679 sqft	1,400,000	2,062
16 Jun 202616 June 2026	843 sqft	2,018,990	2,395
18 May 202618 May 2026	974 sqft	2,000,000	2,054
8 May 20268 May 2026	681 sqft	1,650,000	2,423

8 1-bed sales in the last 12 months

Paramount Tower Hotel & Residences Downtown

Building

784 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%

Paramount Tower Hotel & Residences Downtown, Business Bay: prices, sales and rents →

Other units on the 50th floor

All 784 units in Paramount Tower Hotel & Residences Downtown


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
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
5013	1-bed	663 sqft	AED 1.37MAED 1,366,200 · Sep 2018September 2018	95,000 /yr

1–7 of 12

5012, Paramount Tower Hotel & Residences Downtown in numbers

Sold once: by Namaa Properties Development on 12 July 2016 for AED 1,500,000, or AED 2,203 per sqft.
One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000–2,100,000 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 12 July 2016.

Questions about 5012, Paramount Tower Hotel & Residences Downtown

What did unit 5012 last sell for?

AED 1,500,000 on 12 July 2016, sold by the developer: AED 2,203 per sqft for 681 sqft. It is the only registered sale of the unit.

How big is unit 5012?

681 sqft (63.3 sqm): a one-bedroom apartment on the 50th floor of a 63-storey tower completed in 2022.

What is unit 5012 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Paramount Tower Hotel & Residences Downtown sold for AED 1,400,000 to 2,100,000 in the last 12 months, around AED 2,119 per sqft.

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Mortgage on 5012, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.5M, 12 July 2016). Switch to today's estimate once you have unlocked it.

Price: AED 1,500,000
Deposit, UAE resident (20%): AED 300,000
Deposit, non-resident (40%): AED 600,000
Monthly over 25 years at 3.7%: AED 6,137

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →