5113, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in December 2021, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5113, Paramount Tower Hotel & Residences Downtown
What is 5113 worth today?
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Source: Dubai Land Department. Updated 16 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 679 sqft
- Floor
- 51st of 63
- Parking
- nan
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 13,500 /yr
- Last sold
- AED 1.17M · December 2021
About 5113, Paramount Tower Hotel & Residences Downtown
5113 is a one-bedroom apartment of 679 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 14 December 2021 for AED 1,174,670, or AED 1,730 per sqft, 6% above the AED 1,636 one-beds in the building were fetching at the time.
It has been rented continuously since 2023 on 6 Ejari contracts. The current contract, signed on 16 July 2026, is AED 96,000 a year: a gross yield of 8.2% on the 2021 price, before the service charge of about AED 13,500 a year.
Sales and rents for 5113 over time
5113 has sold once; the dashed line is the one-bed median of each year in the building.
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 5113 sits
All 174 1-beds →5113 last sold in December 2021 at AED 1,730 per sqft, 6% above what one-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,636). 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. 5113's AED 96,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 | |
| 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, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 14 December 2021 for AED 1,174,670, or AED 1,730 per sqft.
- Rented since February 2023 on 6 Ejari contracts, from AED 81,000 to AED 96,000 a year.
- At AED 96,000 a year the gross yield on the 2021 price is 8.2%, before a service charge of about AED 13,500 a year (AED 19.93 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 16 July 2026.
Questions about 5113, Paramount Tower Hotel & Residences Downtown
What did unit 5113 last sell for?
AED 1,174,670 on 14 December 2021, sold by the developer: AED 1,730 per sqft for 679 sqft. It is the only registered sale of the unit.
What is the rent for unit 5113?
AED 96,000 a year on the contract signed on 16 July 2026. The previous contract, from April 2025, was AED 107,000; the unit has been rented since February 2023.
How big is unit 5113?
679 sqft (63.1 sqm): a one-bedroom apartment on the 51st floor of a 63-storey tower completed in 2022.
What is unit 5113 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 5113, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.17M, 14 December 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,174,670
- Deposit, UAE resident (20%)
- AED 234,934
- Deposit, non-resident (40%)
- AED 469,868
- Monthly over 25 years at 3.7%
- AED 4,806
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →