2-bed · 1,121 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 53rd floor · completed 2022

5303, Paramount Tower Hotel & Residences Downtown

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in October 2015, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 5303 · DLD and Ejari recordsUpdated 15 August 2026

Last soldAED 2.21M4 October 2015

Current rentAED 170K /yr15 August 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 5303, Paramount Tower Hotel & Residences Downtown

Today

What is 5303 worth today?

Last sold for AED 2,211,600 in 2015

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15 Aug 2026

15 Aug 2026RentedNew contract

AED 170,000/yr12 months · AED 152 per sqft

4 Jul 2026

4 Jul 2026RentedNew contract

AED 152,386/yr13 months · AED 136 per sqft

14 Jun 2025

14 Jun 2025RentedRenewal

AED 180,000/yr12 months · AED 161 per sqft

14 Jun 2025

14 Jun 2025RentedRenewal

AED 180,000/yr12 months · AED 161 per sqft

14 Jun 2024

14 Jun 2024RentedNew contract

AED 180,000/yr12 months · AED 161 per sqft

4 Oct 2015

4 Oct 2015Sold by developerOff-plan

AED 2,211,600AED 1,972 per sqft

Source: Dubai Land Department. Updated 15 August 2026.

Key facts

Type: 2-bed apartment
Size: 1,121 sqft
Floor: 53rd of 63
Parking: P4-36
Developer: Namaa Properties Development
Completed: 2022
Service charge: AED 22,300 /yr
Last sold: AED 2.21M · October 2015
Building: Paramount Tower Hotel & Residences Downtown

About 5303, Paramount Tower Hotel & Residences Downtown

5303 is a two-bedroom apartment of 1,121 sqft on the 53rd 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 4 October 2015 for AED 2,211,600, or AED 1,972 per sqft, 4% above the AED 1,892 two-beds in the building were fetching at the time.

It has been rented continuously since 2024 on 5 Ejari contracts. The current contract, signed on 15 August 2026, is AED 170,000 a year: a gross yield of 7.7% on the 2015 price, before the service charge of about AED 22,300 a year.

Sales and rents for 5303 over time

Sales

Unit 5303, each saleTypical two-bed in Paramount Tower Hotel & Residences Downtown

5303 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 5303, each contractTypical two-bed in Paramount Tower Hotel & Residences Downtown

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 5303 sits

All 329 2-beds →

2-beds in Paramount Tower Hotel & Residences Downtown · last 12 months2,016 /sqft Paramount Tower Hotel & Residences Downtown · all types2,005 /sqft

5303 last sold in October 2015 at AED 1,972 per sqft, 4% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,892). 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. 5303's AED 170,000 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
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

14 2-bed sales in the last 12 months

Paramount Tower Hotel & Residences Downtown

Building

784 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%

Paramount Tower Hotel & Residences Downtown, Business Bay: prices, sales and rents →

Other units on the 53rd floor

All 784 units in Paramount Tower Hotel & Residences Downtown


5301	2-bed	1,340 sqft	AED 2.55MAED 2,553,600 · Oct 2015October 2015	190,000 /yr
5302	2-bed	598 sqft	AED 871KAED 871,329 · Jun 2025June 2025
5304	2-bed	1,121 sqft	AED 1.78MAED 1,775,000 · Apr 2022April 2022	190,000 /yr
5305	2-bed	1,166 sqft	AED 1.95MAED 1,950,000 · Aug 2022August 2022	135,000 /yr
5306	3-bed	1,586 sqft	AED 2.85MAED 2,850,000 · Sep 2023September 2023
5307	2-bed	1,176 sqft	AED 2.26MAED 2,260,000 · May 2023May 2023
5308	Studio	467 sqft	AED 900KAED 900,000 · Jul 2019July 2019	65,000 /yr
5309	2-bed	1,221 sqft	AED 2.15MAED 2,148,888 · Jun 2024June 2024	140,000 /yr
5310	2-bed	1,186 sqft	AED 2.4MAED 2,400,000 · Oct 2024October 2024	100,000 /yr
5311	2-bed	1,290 sqft	AED 2MAED 2,000,000 · Jun 2024June 2024	155,000 /yr
5312	1-bed	681 sqft	AED 1.45MAED 1,450,000 · Apr 2024April 2024	90,000 /yr
5313	1-bed	663 sqft	AED 1.21MAED 1,210,000 · Mar 2019March 2019	105,000 /yr
5307A	Studio	466 sqft	AED 1.1MAED 1,100,000 · Nov 2023November 2023	65,000 /yr
5307B	Studio	466 sqft	AED 1.03MAED 1,025,000 · Sep 2023September 2023	74,799 /yr
5308A	1-bed	697 sqft	AED 1.1MAED 1,097,034 · May 2022May 2022	90,000 /yr

1–7 of 15

5303, Paramount Tower Hotel & Residences Downtown in numbers

Sold once: by Namaa Properties Development on 4 October 2015 for AED 2,211,600, or AED 1,972 per sqft.
Rented since June 2024 on 5 Ejari contracts. The rent fell from AED 180,000 to AED 152,386 in 2026 and recovered to AED 170,000 by August 2026.
At AED 170,000 a year the gross yield on the 2015 price is 7.7%, 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 15 August 2026.

Questions about 5303, Paramount Tower Hotel & Residences Downtown

What did unit 5303 last sell for?

AED 2,211,600 on 4 October 2015, sold by the developer: AED 1,972 per sqft for 1,121 sqft. It is the only registered sale of the unit.

What is the rent for unit 5303?

AED 170,000 a year on the contract signed on 15 August 2026. The previous contract, from July 2026, was AED 152,386; the unit has been rented since June 2024.

How big is unit 5303?

1,121 sqft (104.1 sqm): a two-bedroom apartment on the 53rd floor of a 63-storey tower completed in 2022.

What is unit 5303 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 5303, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 2.21M, 4 October 2015). Switch to today's estimate once you have unlocked it.

Price: AED 2,211,600
Deposit, UAE resident (20%): AED 442,320
Deposit, non-resident (40%): AED 884,640
Monthly over 25 years at 3.7%: AED 9,048

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →