5402, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in May 2017, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5402, Paramount Tower Hotel & Residences Downtown
What is 5402 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 8 November 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,152 sqft
- Floor
- 54th of 63
- Parking
- P4-03
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,000 /yr
- Last sold
- AED 2.22M · May 2017
About 5402, Paramount Tower Hotel & Residences Downtown
5402 is a two-bedroom apartment of 1,152 sqft on the 54th 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 2 May 2017 for AED 2,219,000, or AED 1,925 per sqft, in line with the AED 1,916 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 8 November 2022. The current contract, signed on 8 November 2022, is AED 118,000 a year: a gross yield of 5.3% on the 2017 price, before the service charge of about AED 23,000 a year.
Sales and rents for 5402 over time
5402 has sold once; 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 5402 sits
All 329 2-beds →5402 last sold in May 2017 at AED 1,925 per sqft, in line with what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,916). 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. 5402's AED 118,000 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 54th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5401 | 2-bed | 1,339 sqft | AED 1.83MAED 1,830,413 · Mar 2020March 2020 | 190,000 /yr | |
| 5403 | 2-bed | 1,107 sqft | AED 2.21MAED 2,209,000 · May 2017May 2017 | 130,000 /yr | |
| 5404 | 2-bed | 1,107 sqft | AED 1.99MAED 1,993,000 · Mar 2019March 2019 | ||
| 5405 | 2-bed | 1,166 sqft | AED 2.03MAED 2,030,000 · Dec 2022December 2022 | 165,000 /yr | |
| 5406 | 3-bed | 1,586 sqft | AED 2.7MAED 2,700,000 · Apr 2023April 2023 | ||
| 5407 | 3-bed | 1,645 sqft | AED 2.7MAED 2,700,000 · Apr 2023April 2023 | ||
| 5408 | 3-bed | 1,644 sqft | AED 2.6MAED 2,600,000 · Mar 2023March 2023 | 72,000 /yr | |
| 5409 | 2-bed | 1,221 sqft | AED 2.55MAED 2,550,000 · Jan 2026January 2026 | 190,000 /yr | |
| 5410 | 2-bed | 593 sqft | AED 2.43MAED 2,433,000 · Jan 2018January 2018 | 120,000 /yr | |
| 5411 | 2-bed | 1,290 sqft | AED 1.77MAED 1,771,440 · Jan 2020January 2020 | 145,313 /yr | |
| 5412 | 1-bed | 681 sqft | AED 1.28MAED 1,275,000 · Jan 2023January 2023 | 135,000 /yr | |
| 5413 | 1-bed | 679 sqft | AED 2MAED 2,000,000 · Apr 2025April 2025 | 120,000 /yr |
5402, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 2 May 2017 for AED 2,219,000, or AED 1,925 per sqft.
- Rented since November 2022 on one Ejari contract, at AED 118,000 a year.
- At AED 118,000 a year the gross yield on the 2017 price is 5.3%, before a service charge of about AED 23,000 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 8 November 2022.
Questions about 5402, Paramount Tower Hotel & Residences Downtown
What did unit 5402 last sell for?
AED 2,219,000 on 2 May 2017, sold by the developer: AED 1,925 per sqft for 1,152 sqft. It is the only registered sale of the unit.
What is the rent for unit 5402?
AED 118,000 a year on the contract signed on 8 November 2022.
How big is unit 5402?
1,152 sqft (107.0 sqm): a two-bedroom apartment on the 54th floor of a 63-storey tower completed in 2022.
What is unit 5402 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.
Selling 5402? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 5402, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.22M, 2 May 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,219,000
- Deposit, UAE resident (20%)
- AED 443,800
- Deposit, non-resident (40%)
- AED 887,600
- Monthly over 25 years at 3.7%
- AED 9,079
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →