5404, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in March 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5404, Paramount Tower Hotel & Residences Downtown
What is 5404 worth today?
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Source: Dubai Land Department. Updated 7 March 2019.
Key facts
- Type
- 2-bed apartment
- Size
- 1,107 sqft
- Floor
- 54th of 63
- Parking
- P4-05
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 22,100 /yr
- Last sold
- AED 1.99M · March 2019
About 5404, Paramount Tower Hotel & Residences Downtown
5404 is a two-bedroom apartment of 1,107 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 7 March 2019 for AED 1,993,000, or AED 1,800 per sqft, 9% below the AED 1,987 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 5404 over time
5404 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 5404 sits
All 329 2-beds →5404 last sold in March 2019 at AED 1,800 per sqft, 9% below what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,987). 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.
| 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 | |
| 5402 | 2-bed | 1,152 sqft | AED 2.22MAED 2,219,000 · May 2017May 2017 | 118,000 /yr | |
| 5403 | 2-bed | 1,107 sqft | AED 2.21MAED 2,209,000 · May 2017May 2017 | 130,000 /yr | |
| 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 |
5404, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 7 March 2019 for AED 1,993,000, or AED 1,800 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 7 March 2019.
Questions about 5404, Paramount Tower Hotel & Residences Downtown
What did unit 5404 last sell for?
AED 1,993,000 on 7 March 2019, sold by the developer: AED 1,800 per sqft for 1,107 sqft. It is the only registered sale of the unit.
How big is unit 5404?
1,107 sqft (102.8 sqm): a two-bedroom apartment on the 54th floor of a 63-storey tower completed in 2022.
What is unit 5404 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 5404, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 1.99M, 7 March 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,993,000
- Deposit, UAE resident (20%)
- AED 398,600
- Deposit, non-resident (40%)
- AED 797,200
- Monthly over 25 years at 3.7%
- AED 8,154
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →