5308, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in July 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5308, Paramount Tower Hotel & Residences Downtown
What is 5308 worth today?
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Source: Dubai Land Department. Updated 27 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 53rd of 63
- Parking
- P4-42
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 9,300 /yr
- Last sold
- AED 900K · July 2019
About 5308, Paramount Tower Hotel & Residences Downtown
5308 is a studio of 467 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. The developer sold it on 31 July 2019 for AED 900,000, or AED 1,928 per sqft, 15% below the AED 2,269 studios in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 27 February 2025, is AED 65,000 a year: a gross yield of 7.2% on the 2019 price, before the service charge of about AED 9,300 a year.
Sales and rents for 5308 over time
5308 has sold once; 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 5308 sits
All 203 studios →5308 last sold in July 2019 at AED 1,928 per sqft, 15% below what studios in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 2,269). 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. 5308'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 | ||
| 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 |
5308, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 31 July 2019 for AED 900,000, or AED 1,928 per sqft.
- Rented since October 2022 on 3 Ejari contracts, from AED 55,000 to AED 65,000 a year.
- At AED 65,000 a year the gross yield on the 2019 price is 7.2%, 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 27 February 2025.
Questions about 5308, Paramount Tower Hotel & Residences Downtown
What did unit 5308 last sell for?
AED 900,000 on 31 July 2019, sold by the developer: AED 1,928 per sqft for 467 sqft. It is the only registered sale of the unit.
What is the rent for unit 5308?
AED 65,000 a year on the contract signed on 27 February 2025. The previous contract, from February 2025, was AED 65,000; the unit has been rented since October 2022.
How big is unit 5308?
467 sqft (43.4 sqm): a studio on the 53rd floor of a 63-storey tower completed in 2022.
What is unit 5308 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 5308, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 900K, 31 July 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 900,000
- Deposit, UAE resident (20%)
- AED 180,000
- Deposit, non-resident (40%)
- AED 360,000
- Monthly over 25 years at 3.7%
- AED 3,682
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →