5103, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in April 2016, 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 5103, Paramount Tower Hotel & Residences Downtown
What is 5103 worth today?
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Source: Dubai Land Department. Updated 10 December 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 51st of 63
- Parking
- P5-15
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.2M · April 2016
About 5103, Paramount Tower Hotel & Residences Downtown
5103 is a two-bedroom apartment of 1,121 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. The developer sold it on 20 April 2016 for AED 2,199,250, or AED 1,961 per sqft, in line with the AED 1,941 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 10 December 2025, is AED 180,000 a year: a gross yield of 8.2% on the 2016 price, before the service charge of about AED 22,300 a year.
Sales and rents for 5103 over time
5103 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 5103 sits
All 329 2-beds →5103 last sold in April 2016 at AED 1,961 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. 5103's AED 180,000 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 | |
| 5102 | 2-bed | 1,167 sqft | AED 2.5MAED 2,500,000 · Feb 2024February 2024 | 170,000 /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 |
5103, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 20 April 2016 for AED 2,199,250, or AED 1,961 per sqft.
- Rented since October 2022 on 4 Ejari contracts, from AED 140,000 to AED 180,000 a year.
- At AED 180,000 a year the gross yield on the 2016 price is 8.2%, before a service charge of about AED 22,300 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 10 December 2025.
Questions about 5103, Paramount Tower Hotel & Residences Downtown
What did unit 5103 last sell for?
AED 2,199,250 on 20 April 2016, sold by the developer: AED 1,961 per sqft for 1,121 sqft. It is the only registered sale of the unit.
What is the rent for unit 5103?
AED 180,000 a year on the contract renewed on 10 December 2025. The previous contract, from December 2024, was AED 180,000; the unit has been rented since October 2022.
How big is unit 5103?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 51st floor of a 63-storey tower completed in 2022.
What is unit 5103 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 5103, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 20 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,199,250
- Deposit, UAE resident (20%)
- AED 439,850
- Deposit, non-resident (40%)
- AED 879,700
- Monthly over 25 years at 3.7%
- AED 8,998
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →