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

5304, 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 twice, last in April 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 5304 · DLD and Ejari recordsUpdated 15 April 2026

Last soldAED 1.78M28 April 2022

Current rentAED 190K /yr15 April 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 5304, Paramount Tower Hotel & Residences Downtown

Today

What is 5304 worth today?

Last sold for AED 1,775,000 in 2022

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15 Apr 2026

15 Apr 2026RentedNew contract

AED 190,000/yr12 months · AED 170 per sqft

24 Jun 2024

24 Jun 2024RentedNew contract

AED 195,000/yr12 months · AED 174 per sqft

11 Nov 2022

11 Nov 2022RentedNew contract

AED 179,402/yr10 months · AED 160 per sqft

29 Jun 2022

29 Jun 2022RentedNew contract

AED 118,000/yr12 months · AED 105 per sqft

28 Apr 2022

28 Apr 2022SoldReady

AED 1,775,000AED 1,583 per sqft

6 Sep 2021

6 Sep 2021Sold by developerOff-plan

AED 1,920,273AED 1,712 per sqft

Source: Dubai Land Department. Updated 15 April 2026.

Key facts

Type: 2-bed apartment
Size: 1,121 sqft
Floor: 53rd of 63
Parking: P4-37
Developer: Namaa Properties Development
Completed: 2022
Service charge: AED 22,300 /yr
Last sold: AED 1.78M · April 2022
Building: Paramount Tower Hotel & Residences Downtown

About 5304, Paramount Tower Hotel & Residences Downtown

5304 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. It last sold on 28 April 2022 for AED 1,775,000, or AED 1,583 per sqft, in line with the AED 1,581 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 15 April 2026, is AED 190,000 a year: a gross yield of 10.7% on the 2022 price, before the service charge of about AED 22,300 a year.

Sales and rents for 5304 over time

Sales

Unit 5304, each saleTypical two-bed in Paramount Tower Hotel & Residences Downtown

5304 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 5304, 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 5304 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

5304 last sold in April 2022 at AED 1,583 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,581). 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. 5304's AED 190,000 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
5303	2-bed	1,121 sqft	AED 2.21MAED 2,211,600 · Oct 2015October 2015	170,000 /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

5304, Paramount Tower Hotel & Residences Downtown in numbers

Sold twice: first on 6 September 2021 for AED 1,920,273, last on 28 April 2022 for AED 1,775,000 (AED 1,583 per sqft).
Rented since June 2022 on 4 Ejari contracts, from AED 118,000 to AED 190,000 a year.
At AED 190,000 a year the gross yield on the 2022 price is 10.7%, 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 April 2026.

Questions about 5304, Paramount Tower Hotel & Residences Downtown

What did unit 5304 last sell for?

AED 1,775,000 on 28 April 2022: AED 1,583 per sqft for 1,121 sqft. The unit has 2 registered sales; the first was AED 1,920,273 in September 2021.

What is the rent for unit 5304?

AED 190,000 a year on the contract signed on 15 April 2026. The previous contract, from June 2024, was AED 195,000; the unit has been rented since June 2022.

How big is unit 5304?

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 5304 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 5304, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.78M, 28 April 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,775,000
Deposit, UAE resident (20%): AED 355,000
Deposit, non-resident (40%): AED 710,000
Monthly over 25 years at 3.7%: AED 7,262

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