5204, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in October 2015, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5204, Paramount Tower Hotel & Residences Downtown
What is 5204 worth today?
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Source: Dubai Land Department. Updated 6 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,121 sqft
- Floor
- 52nd of 63
- Parking
- P5-04
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,300 /yr
- Last sold
- AED 2.2M · October 2015
About 5204, Paramount Tower Hotel & Residences Downtown
5204 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. The developer sold it on 28 October 2015 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 since 2024 on 2 Ejari contracts. The current contract, renewed on 6 October 2025, is AED 200,000 a year: a gross yield of 9.1% on the 2015 price, before the service charge of about AED 22,300 a year.
Sales and rents for 5204 over time
5204 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 5204 sits
All 329 2-beds →5204 last sold in October 2015 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. 5204's AED 200,000 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 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 | |
| 5203 | 2-bed | 1,121 sqft | AED 1.8MAED 1,800,000 · Feb 2023February 2023 | 130,000 /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 |
5204, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 28 October 2015 for AED 2,199,250, or AED 1,961 per sqft.
- Rented since October 2024 on 2 Ejari contracts, at AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2015 price is 9.1%, 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 October 2025.
Questions about 5204, Paramount Tower Hotel & Residences Downtown
What did unit 5204 last sell for?
AED 2,199,250 on 28 October 2015, 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 5204?
AED 200,000 a year on the contract renewed on 6 October 2025. The previous contract, from October 2024, was AED 200,000.
How big is unit 5204?
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 5204 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 5204, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.2M, 28 October 2015). 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 →