5207, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in June 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5207, Paramount Tower Hotel & Residences Downtown
What is 5207 worth today?
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Source: Dubai Land Department. Updated 28 June 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 1,645 sqft
- Floor
- 52nd of 63
- Parking
- P1-16
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.82M · June 2021
About 5207, Paramount Tower Hotel & Residences Downtown
5207 is a three-bedroom apartment of 1,645 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 June 2021 for AED 2,821,559, or AED 1,715 per sqft, 10% above the AED 1,557 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5207 over time
5207 has sold once; 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 5207 sits
All 78 3-beds →5207 last sold in June 2021 at AED 1,715 per sqft, 10% above what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,557). 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.
| 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 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 | |
| 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 | |
| 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 |
5207, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 28 June 2021 for AED 2,821,559, or AED 1,715 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 28 June 2021.
Questions about 5207, Paramount Tower Hotel & Residences Downtown
What did unit 5207 last sell for?
AED 2,821,559 on 28 June 2021, sold by the developer: AED 1,715 per sqft for 1,645 sqft. It is the only registered sale of the unit.
How big is unit 5207?
1,645 sqft (152.8 sqm): a three-bedroom apartment on the 52nd floor of a 63-storey tower completed in 2022.
What is unit 5207 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 5207, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.82M, 28 June 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,821,559
- Deposit, UAE resident (20%)
- AED 564,312
- Deposit, non-resident (40%)
- AED 1,128,624
- Monthly over 25 years at 3.7%
- AED 11,544
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →