5309, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5309, Paramount Tower Hotel & Residences Downtown
What is 5309 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,221 sqft
- Floor
- 53rd of 63
- Parking
- P4-44
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 24,300 /yr
- Last sold
- AED 2.15M · June 2024
About 5309, Paramount Tower Hotel & Residences Downtown
5309 is a two-bedroom apartment of 1,221 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 3 June 2024 for AED 2,148,888, or AED 1,760 per sqft, in line with the AED 1,772 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 140,000 a year: a gross yield of 6.5% on the 2024 price, before the service charge of about AED 24,300 a year.
Sales and rents for 5309 over time
5309 has sold twice; the dashed line is the two-bed median of each year in the building.
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 5309 sits
All 329 2-beds →5309 last sold in June 2024 at AED 1,760 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,772). 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. 5309's AED 140,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 |
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 | |
| 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 |
5309, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 25 May 2016 for AED 2,357,776, last on 3 June 2024 for AED 2,148,888 (AED 1,760 per sqft).
- Rented since September 2022 on 5 Ejari contracts, from AED 125,000 to AED 140,000 a year.
- At AED 140,000 a year the gross yield on the 2024 price is 6.5%, before a service charge of about AED 24,300 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 15 October 2026.
Questions about 5309, Paramount Tower Hotel & Residences Downtown
What did unit 5309 last sell for?
AED 2,148,888 on 3 June 2024: AED 1,760 per sqft for 1,221 sqft. The unit has 2 registered sales; the first was AED 2,357,776 in May 2016.
What is the rent for unit 5309?
AED 140,000 a year on the contract renewed on 15 October 2026. The previous contract, from October 2025, was AED 145,000; the unit has been rented since September 2022.
How big is unit 5309?
1,221 sqft (113.4 sqm): a two-bedroom apartment on the 53rd floor of a 63-storey tower completed in 2022.
What is unit 5309 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 5309, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.15M, 3 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,148,888
- Deposit, UAE resident (20%)
- AED 429,778
- Deposit, non-resident (40%)
- AED 859,555
- Monthly over 25 years at 3.7%
- AED 8,792
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →