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Studio · 466 sqftParamount Tower Hotel & Residences Downtown, Business Bay · 53rd floor · completed 2022

5307B, Paramount Tower Hotel & Residences Downtown

Sold prices and rental history: sold twice, last in September 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5307B · DLD and Ejari recordsUpdated 2 March 2026
Last soldAED 1.03M14 September 2023
Current rentAED 75K /yr2 March 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5307B, Paramount Tower Hotel & Residences Downtown

What is 5307B worth today?

Last sold for AED 1,025,000 in 2023

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2 Mar 2026RentedNew contract
AED 74,799/yr12 months · AED 162 per sqft
16 Oct 2024RentedNew contract
AED 90,000/yr12 months · AED 193 per sqft
16 Oct 2023RentedNew contract
AED 70,000/yr12 months · AED 150 per sqft
14 Sep 2023SoldReady
AED 1,025,000AED 2,197 per sqft
11 Nov 2019Sold by developerOff-plan
AED 899,000AED 1,927 per sqft

Source: Dubai Land Department. Updated 2 March 2026.

Key facts

Type
Studio apartment
Size
466 sqft
Floor
53rd of 63
Parking
P4-41
Developer
Namaa Properties Development
Completed
2022
Service charge
AED 9,300 /yr
Last sold
AED 1.03M · September 2023
Building
Paramount Tower Hotel & Residences Downtown

About 5307B, Paramount Tower Hotel & Residences Downtown

5307B 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 14 September 2023 for AED 1,025,000, or AED 2,197 per sqft, 12% below the AED 2,485 studios in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 2 March 2026, is AED 74,799 a year: a gross yield of 7.3% on the 2023 price, before the service charge of about AED 9,300 a year.

Sales and rents for 5307B over time

Sales
Unit 5307B, each saleTypical studio in Paramount Tower Hotel & Residences Downtown
750K1M1.25M2016201920222025Typical sale price by year: 2016 AED 1,200,000; 2017 AED 1,200,000; 2019 AED 1,179,500; 2020 AED 1,199,000; 2021 AED 1,100,000; 2022 AED 1,146,000; 2023 AED 1,295,000; 2024 AED 1,095,000; 2025 AED 936,139; 2026 AED 830,484Sold by developer, November 2019: AED 899,000 (AED 1,927 per sqft)Sold, September 2023: AED 1,025,000 (AED 2,197 per sqft)

5307B has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 5307B, each contractTypical studio in Paramount Tower Hotel & Residences Downtown
60K80K202220242026Typical rent by year: 2022 AED 55,000; 2023 AED 70,000; 2024 AED 84,000; 2025 AED 80,000; 2026 AED 70,000New contract, October 2023: AED 70,000 a yearNew contract, October 2024: AED 90,000 a yearNew contract, March 2026: AED 74,799 a year

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 5307B sits

All 203 studios →

5307B last sold in September 2023 at AED 2,197 per sqft, 12% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,485). 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. 5307B's AED 74,799 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
3 Jul 2026777,215
22 May 2026960,367
22 May 2026830,484
24 Feb 20261,295,000
7 studio 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
Value
53012-bedAED 2.55M · Oct 2015
53022-bedAED 871K · Jun 2025
53032-bedAED 2.21M · Oct 2015
53042-bedAED 1.78M · Apr 2022
53052-bedAED 1.95M · Aug 2022
53063-bedAED 2.85M · Sep 2023
53072-bedAED 2.26M · May 2023
1–7 of 15

5307B, Paramount Tower Hotel & Residences Downtown in numbers

  • Sold twice: first on 11 November 2019 for AED 899,000, last on 14 September 2023 for AED 1,025,000 (AED 2,197 per sqft).
  • Rented since October 2023 on 3 Ejari contracts, from AED 70,000 to AED 74,799 a year.
  • At AED 74,799 a year the gross yield on the 2023 price is 7.3%, 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 2 March 2026.

Questions about 5307B, Paramount Tower Hotel & Residences Downtown

What did unit 5307B last sell for?

AED 1,025,000 on 14 September 2023: AED 2,197 per sqft for 466 sqft. The unit has 2 registered sales; the first was AED 899,000 in November 2019.

What is the rent for unit 5307B?

AED 74,799 a year on the contract signed on 2 March 2026. The previous contract, from October 2024, was AED 90,000; the unit has been rented since October 2023.

How big is unit 5307B?

466 sqft (43.3 sqm): a studio on the 53rd floor of a 63-storey tower completed in 2022.

What is unit 5307B 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 5307B, Paramount Tower Hotel & Residences Downtown

Starts from the last sale price (AED 1.03M, 14 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,025,000
Deposit, UAE resident (20%)
AED 205,000
Deposit, non-resident (40%)
AED 410,000
Monthly over 25 years at 3.7%
AED 4,194

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