2-bed · 1,166 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 53rd floor · completed 2022

5305, 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 August 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 5305 · DLD and Ejari recordsUpdated 7 September 2026

Last soldAED 1.95M5 August 2022

Current rentAED 135K /yr7 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 5305, Paramount Tower Hotel & Residences Downtown

Today

What is 5305 worth today?

Last sold for AED 1,950,000 in 2022

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7 Sep 2026

7 Sep 2026RentedNew contract

AED 135,000/yr12 months · AED 116 per sqft

21 Oct 2022

21 Oct 2022RentedNew contract

AED 145,000/yr12 months · AED 124 per sqft

5 Aug 2022

5 Aug 2022SoldReady

AED 1,950,000AED 1,672 per sqft

29 Dec 2021

29 Dec 2021Sold by developerReady

AED 1,843,143AED 1,581 per sqft

Source: Dubai Land Department. Updated 7 September 2026.

Key facts

Type: 2-bed apartment
Size: 1,166 sqft
Floor: 53rd of 63
Parking: P4-38
Developer: Namaa Properties Development
Completed: 2022
Service charge: AED 23,200 /yr
Last sold: AED 1.95M · August 2022
Building: Paramount Tower Hotel & Residences Downtown

About 5305, Paramount Tower Hotel & Residences Downtown

5305 is a two-bedroom apartment of 1,166 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 5 August 2022 for AED 1,950,000, or AED 1,672 per sqft, 5% above the AED 1,586 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 7 September 2026, is AED 135,000 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 23,200 a year.

Sales and rents for 5305 over time

Sales

Unit 5305, each saleTypical two-bed in Paramount Tower Hotel & Residences Downtown

5305 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 5305, 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 5305 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

5305 last sold in August 2022 at AED 1,672 per sqft, 5% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,586). 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. 5305's AED 135,000 is in the lower 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
5304	2-bed	1,121 sqft	AED 1.78MAED 1,775,000 · Apr 2022April 2022	190,000 /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

5305, Paramount Tower Hotel & Residences Downtown in numbers

Sold twice: first on 29 December 2021 for AED 1,843,143, last on 5 August 2022 for AED 1,950,000 (AED 1,672 per sqft).
Rented since October 2022 on 2 Ejari contracts, from AED 145,000 to AED 135,000 a year.
At AED 135,000 a year the gross yield on the 2022 price is 6.9%, before a service charge of about AED 23,200 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 7 September 2026.

Questions about 5305, Paramount Tower Hotel & Residences Downtown

What did unit 5305 last sell for?

AED 1,950,000 on 5 August 2022: AED 1,672 per sqft for 1,166 sqft. The unit has 2 registered sales; the first was AED 1,843,143 in December 2021.

What is the rent for unit 5305?

AED 135,000 a year on the contract signed on 7 September 2026. The previous contract, from October 2022, was AED 145,000.

How big is unit 5305?

1,166 sqft (108.3 sqm): a two-bedroom apartment on the 53rd floor of a 63-storey tower completed in 2022.

What is unit 5305 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 5305, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.95M, 5 August 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,950,000
Deposit, UAE resident (20%): AED 390,000
Deposit, non-resident (40%): AED 780,000
Monthly over 25 years at 3.7%: AED 7,978

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