5102, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5102, Paramount Tower Hotel & Residences Downtown
What is 5102 worth today?
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Source: Dubai Land Department. Updated 28 March 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,167 sqft
- Floor
- 51st of 63
- Parking
- P5-14
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,300 /yr
- Last sold
- AED 2.5M · February 2024
About 5102, Paramount Tower Hotel & Residences Downtown
5102 is a two-bedroom apartment of 1,167 sqft on the 51st floor of Paramount Tower Hotel & Residences Downtown, a 63-storey tower in Business Bay completed in 2022 by Namaa Properties Development. It last sold on 26 February 2024 for AED 2,500,000, or AED 2,142 per sqft, 18% above the AED 1,814 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 28 March 2025, is AED 170,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 23,300 a year.
Sales and rents for 5102 over time
5102 has sold twice; 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 5102 sits
All 329 2-beds →5102 last sold in February 2024 at AED 2,142 per sqft, 18% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,814). 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. 5102's AED 170,000 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 51st floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5101 | 2-bed | 1,339 sqft | AED 2.28MAED 2,282,995 · Aug 2021August 2021 | 157,000 /yr | |
| 5103 | 2-bed | 1,121 sqft | AED 2.2MAED 2,199,250 · Apr 2016April 2016 | 180,000 /yr | |
| 5104 | 2-bed | 1,121 sqft | AED 2.2MAED 2,199,250 · Oct 2015October 2015 | 150,000 /yr | |
| 5105 | 2-bed | 1,166 sqft | AED 2.2MAED 2,200,000 · Nov 2023November 2023 | ||
| 5106 | 3-bed | 1,586 sqft | AED 3.53MAED 3,530,200 · Oct 2015October 2015 | 240,000 /yr | |
| 5107 | 3-bed | 1,645 sqft | AED 3.52MAED 3,521,650 · Jul 2016July 2016 | 200,000 /yr | |
| 5108 | 3-bed | 1,644 sqft | AED 2.95MAED 2,950,000 · Oct 2023October 2023 | 350,000 /yr | |
| 5109 | 2-bed | 1,221 sqft | AED 1.86MAED 1,860,682 · Dec 2021December 2021 | 130,000 /yr | |
| 5110 | 2-bed | 1,186 sqft | AED 2.45MAED 2,450,000 · Jan 2026January 2026 | 150,000 /yr | |
| 5111 | 2-bed | 1,290 sqft | AED 2.76MAED 2,759,750 · Apr 2016April 2016 | 160,000 /yr | |
| 5112 | 1-bed | 681 sqft | AED 1.2MAED 1,202,000 · Dec 2018December 2018 | ||
| 5113 | 1-bed | 679 sqft | AED 1.17MAED 1,174,670 · Dec 2021December 2021 | 96,000 /yr |
5102, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 29 December 2015 for AED 2,186,663, last on 26 February 2024 for AED 2,500,000 (AED 2,142 per sqft).
- Rented since September 2022 on 4 Ejari contracts, from AED 130,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 23,300 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 28 March 2025.
Questions about 5102, Paramount Tower Hotel & Residences Downtown
What did unit 5102 last sell for?
AED 2,500,000 on 26 February 2024: AED 2,142 per sqft for 1,167 sqft. The unit has 2 registered sales; the first was AED 2,186,663 in December 2015.
What is the rent for unit 5102?
AED 170,000 a year on the contract signed on 28 March 2025. The previous contract, from March 2025, was AED 170,000; the unit has been rented since September 2022.
How big is unit 5102?
1,167 sqft (108.4 sqm): a two-bedroom apartment on the 51st floor of a 63-storey tower completed in 2022.
What is unit 5102 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 5102, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.5M, 26 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →