5307A, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in November 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5307A, Paramount Tower Hotel & Residences Downtown
What is 5307A worth today?
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Source: Dubai Land Department. Updated 10 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 466 sqft
- Floor
- 53rd of 63
- Parking
- P10-14
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 1.1M · November 2023
About 5307A, Paramount Tower Hotel & Residences Downtown
5307A is a studio of 466 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 20 November 2023 for AED 1,100,000, or AED 2,360 per sqft, 5% below the AED 2,489 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 10 August 2026, is AED 65,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 9,300 a year.
Sales and rents for 5307A over time
5307A has sold twice; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Paramount Tower Hotel & Residences Downtown, and where 5307A sits
All 203 studios →5307A last sold in November 2023 at AED 2,360 per sqft, 5% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,489). Over the last 12 months studios sold for AED 630,000 to 1,295,000, around AED 1,579 per sqft, and rent for AED 65,000 to 90,000 a year. 5307A's AED 65,000 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Jul 20263 July 2026 | 477 sqft | 777,215 | 1,630 | ||
| 22 May 202622 May 2026 | 627 sqft | 960,367 | 1,531 | ||
| 22 May 202622 May 2026 | 520 sqft | 830,484 | 1,596 | ||
| 24 Feb 202624 February 2026 | 520 sqft | 1,295,000 | 2,489 |
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 | |
| 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 | |
| 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 |
5307A, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 24 January 2023 for AED 940,800, last on 20 November 2023 for AED 1,100,000 (AED 2,360 per sqft).
- Rented since November 2025 on 2 Ejari contracts, from AED 90,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 9,300 a year (AED 19.93 per sqft).
- Studios in Paramount Tower Hotel & Residences Downtown sold for AED 630,000–1,295,000 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 10 August 2026.
Questions about 5307A, Paramount Tower Hotel & Residences Downtown
What did unit 5307A last sell for?
AED 1,100,000 on 20 November 2023: AED 2,360 per sqft for 466 sqft. The unit has 2 registered sales; the first was AED 940,800 in January 2023.
What is the rent for unit 5307A?
AED 65,000 a year on the contract signed on 10 August 2026. The previous contract, from November 2025, was AED 90,000.
How big is unit 5307A?
466 sqft (43.3 sqm): a studio on the 53rd floor of a 63-storey tower completed in 2022.
What is unit 5307A worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Paramount Tower Hotel & Residences Downtown sold for AED 630,000 to 1,295,000 in the last 12 months, around AED 1,579 per sqft.
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Mortgage on 5307A, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.1M, 20 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →