5111, 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 5111, Paramount Tower Hotel & Residences Downtown
What is 5111 worth today?
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Source: Dubai Land Department. Updated 27 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,290 sqft
- Floor
- 51st of 63
- Parking
- P5-20
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 25,700 /yr
- Last sold
- AED 2.76M · April 2016
About 5111, Paramount Tower Hotel & Residences Downtown
5111 is a two-bedroom apartment of 1,290 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 18 April 2016 for AED 2,759,750, or AED 2,139 per sqft, 10% above 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 27 August 2025, is AED 160,000 a year: a gross yield of 5.8% on the 2016 price, before the service charge of about AED 25,700 a year.
Sales and rents for 5111 over time
5111 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 5111 sits
All 329 2-beds →5111 last sold in April 2016 at AED 2,139 per sqft, 10% above 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. 5111's AED 160,000 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 | |
| 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 | |
| 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 |
5111, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 18 April 2016 for AED 2,759,750, or AED 2,139 per sqft.
- Rented since August 2022 on 4 Ejari contracts, from AED 120,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2016 price is 5.8%, before a service charge of about AED 25,700 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 27 August 2025.
Questions about 5111, Paramount Tower Hotel & Residences Downtown
What did unit 5111 last sell for?
AED 2,759,750 on 18 April 2016, sold by the developer: AED 2,139 per sqft for 1,290 sqft. It is the only registered sale of the unit.
What is the rent for unit 5111?
AED 160,000 a year on the contract renewed on 27 August 2025. The previous contract, from August 2024, was AED 150,000; the unit has been rented since August 2022.
How big is unit 5111?
1,290 sqft (119.8 sqm): a two-bedroom apartment on the 51st floor of a 63-storey tower completed in 2022.
What is unit 5111 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 5111, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.76M, 18 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,759,750
- Deposit, UAE resident (20%)
- AED 551,950
- Deposit, non-resident (40%)
- AED 1,103,900
- Monthly over 25 years at 3.7%
- AED 11,291
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →