5306, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold 3 times, last in September 2023, 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 5306, Paramount Tower Hotel & Residences Downtown
What is 5306 worth today?
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Source: Dubai Land Department. Updated 18 September 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,586 sqft
- Floor
- 53rd of 63
- Parking
- P1-18
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 31,600 /yr
- Last sold
- AED 2.85M · September 2023
About 5306, Paramount Tower Hotel & Residences Downtown
5306 is a three-bedroom apartment of 1,586 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 18 September 2023 for AED 2,850,000, or AED 1,797 per sqft, in line with the AED 1,765 three-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5306 over time
5306 has sold 3 times; 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 5306 sits
All 78 3-beds →5306 last sold in September 2023 at AED 1,797 per sqft, in line with what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,765). 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 53rd floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 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 | |
| 5305 | 2-bed | 1,166 sqft | AED 1.95MAED 1,950,000 · Aug 2022August 2022 | 135,000 /yr | |
| 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 |
5306, Paramount Tower Hotel & Residences Downtown in numbers
- Sold 3 times: first on 25 April 2019 for AED 2,722,000, last on 18 September 2023 for AED 2,850,000 (AED 1,797 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 18 September 2023.
Questions about 5306, Paramount Tower Hotel & Residences Downtown
What did unit 5306 last sell for?
AED 2,850,000 on 18 September 2023: AED 1,797 per sqft for 1,586 sqft. The unit has 3 registered sales; the first was AED 2,722,000 in April 2019.
How big is unit 5306?
1,586 sqft (147.3 sqm): a three-bedroom apartment on the 53rd floor of a 63-storey tower completed in 2022.
What is unit 5306 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 5306, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.85M, 18 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,850,000
- Deposit, UAE resident (20%)
- AED 570,000
- Deposit, non-resident (40%)
- AED 1,140,000
- Monthly over 25 years at 3.7%
- AED 11,660
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →