5108, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in October 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5108, Paramount Tower Hotel & Residences Downtown
What is 5108 worth today?
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Source: Dubai Land Department. Updated 6 October 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 51st of 63
- Parking
- P1-38
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.95M · October 2023
About 5108, Paramount Tower Hotel & Residences Downtown
5108 is a three-bedroom apartment of 1,644 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 6 October 2023 for AED 2,950,000, or AED 1,794 per sqft, in line with the AED 1,765 three-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 1 September 2023, is AED 350,000 a year: a gross yield of 11.9% on the 2023 price, before the service charge of about AED 32,800 a year.
Sales and rents for 5108 over time
5108 has sold 3 times; 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 5108 sits
All 78 3-beds →5108 last sold in October 2023 at AED 1,794 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,765). 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. 5108's AED 350,000 is at the top 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 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 | |
| 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 | |
| 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 |
5108, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 6 July 2021 for AED 2,638,620, last on 6 October 2023 for AED 2,950,000 (AED 1,794 per sqft).
- Rented since September 2022 on 2 Ejari contracts, from AED 163,000 to AED 350,000 a year.
- At AED 350,000 a year the gross yield on the 2023 price is 11.9%, 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 6 October 2023.
Questions about 5108, Paramount Tower Hotel & Residences Downtown
What did unit 5108 last sell for?
AED 2,950,000 on 6 October 2023: AED 1,794 per sqft for 1,644 sqft. The unit has 3 registered sales; the first was AED 2,638,620 in July 2021.
What is the rent for unit 5108?
AED 350,000 a year on the contract signed on 1 September 2023. The previous contract, from September 2022, was AED 163,000.
How big is unit 5108?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 51st floor of a 63-storey tower completed in 2022.
What is unit 5108 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 5108, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.95M, 6 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,950,000
- Deposit, UAE resident (20%)
- AED 590,000
- Deposit, non-resident (40%)
- AED 1,180,000
- Monthly over 25 years at 3.7%
- AED 12,069
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →