5203, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in February 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5203, Paramount Tower Hotel & Residences Downtown
What is 5203 worth today?
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Source: Dubai Land Department. Updated 6 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 52nd of 63
- Parking
- P5-03
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 1.8M · February 2023
About 5203, Paramount Tower Hotel & Residences Downtown
5203 is a two-bedroom apartment of 1,121 sqft on the 52nd 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 24 February 2023 for AED 1,800,000, or AED 1,605 per sqft, in line with the AED 1,641 two-beds in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 6 September 2026, is AED 130,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 22,300 a year.
Sales and rents for 5203 over time
5203 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 5203 sits
All 329 2-beds →5203 last sold in February 2023 at AED 1,605 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,641). 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. 5203's AED 130,000 is in the lower 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 52nd floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5201 | 2-bed | 1,339 sqft | AED 1.94MAED 1,943,000 · Jul 2020July 2020 | 170,000 /yr | |
| 5202 | 2-bed | 1,167 sqft | AED 2.46MAED 2,460,000 · Dec 2024December 2024 | 165,000 /yr | |
| 5204 | 2-bed | 1,121 sqft | AED 2.2MAED 2,199,250 · Oct 2015October 2015 | 200,000 /yr | |
| 5205 | 2-bed | 1,166 sqft | AED 2.21MAED 2,214,450 · Nov 2022November 2022 | 152,500 /yr | |
| 5206 | 3-bed | 1,586 sqft | AED 2.8MAED 2,800,000 · Sep 2023September 2023 | 190,000 /yr | |
| 5207 | 3-bed | 1,645 sqft | AED 2.82MAED 2,821,559 · Jun 2021June 2021 | ||
| 5208 | 3-bed | 1,644 sqft | AED 2.9MAED 2,900,000 · Jun 2025June 2025 | 210,000 /yr | |
| 5209 | 2-bed | 1,200 sqft | AED 2.26MAED 2,259,000 · Dec 2016December 2016 | 174,516 /yr | |
| 5210 | 2-bed | 1,186 sqft | AED 2.3MAED 2,299,000 · Oct 2015October 2015 | 152,250 /yr | |
| 5211 | 2-bed | 1,290 sqft | AED 2.22MAED 2,222,880 · Apr 2021April 2021 | ||
| 5212 | 1-bed | 681 sqft | AED 1.21MAED 1,205,000 · Dec 2018December 2018 | 130,000 /yr | |
| 5213 | 1-bed | 339 sqft | AED 1.65MAED 1,654,368 · Aug 2016August 2016 | 105,000 /yr |
5203, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 29 December 2015 for AED 2,116,800, last on 24 February 2023 for AED 1,800,000 (AED 1,605 per sqft).
- Rented since August 2024 on 3 Ejari contracts, from AED 185,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2023 price is 7.2%, 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 6 September 2026.
Questions about 5203, Paramount Tower Hotel & Residences Downtown
What did unit 5203 last sell for?
AED 1,800,000 on 24 February 2023: AED 1,605 per sqft for 1,121 sqft. The unit has 2 registered sales; the first was AED 2,116,800 in December 2015.
What is the rent for unit 5203?
AED 130,000 a year on the contract renewed on 6 September 2026. The previous contract, from September 2025, was AED 180,000; the unit has been rented since August 2024.
How big is unit 5203?
1,121 sqft (104.1 sqm): a two-bedroom apartment on the 52nd floor of a 63-storey tower completed in 2022.
What is unit 5203 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 5203, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.8M, 24 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →