5408, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold twice, last in March 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5408, Paramount Tower Hotel & Residences Downtown
What is 5408 worth today?
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Source: Dubai Land Department. Updated 24 March 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 1,644 sqft
- Floor
- 54th of 63
- Parking
- P1-21
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 32,800 /yr
- Last sold
- AED 2.6M · March 2023
About 5408, Paramount Tower Hotel & Residences Downtown
5408 is a three-bedroom apartment of 1,644 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. It last sold on 23 March 2023 for AED 2,600,000, or AED 1,581 per sqft, 19% below the AED 1,942 three-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 24 March 2026, is AED 72,000 a year: a gross yield of 2.8% on the 2023 price, before the service charge of about AED 32,800 a year.
Sales and rents for 5408 over time
5408 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Paramount Tower Hotel & Residences Downtown, and where 5408 sits
All 78 3-beds →5408 last sold in March 2023 at AED 1,581 per sqft, 19% below what three-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,942). Over the last 12 months three-beds sold for AED 2,742,651 to 3,490,000, around AED 1,763 per sqft, and rent for AED 72,000 to 270,000 a year. 5408's AED 72,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 1,644 sqft | 2,742,651 | 1,668 | ||
| 9 Jun 20269 June 2026 | 1,644 sqft | 3,000,000 | 1,825 | ||
| 5 Jun 20265 June 2026 | 1,644 sqft | 2,794,398 | 1,700 | ||
| 5 Jan 20265 January 2026 | 1,645 sqft | 3,490,000 | 2,121 |
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 | |
| 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 | ||
| 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 |
5408, Paramount Tower Hotel & Residences Downtown in numbers
- Sold twice: first on 20 December 2016 for AED 3,035,760, last on 23 March 2023 for AED 2,600,000 (AED 1,581 per sqft).
- Rented since March 2023 on 2 Ejari contracts, from AED 135,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2023 price is 2.8%, before a service charge of about AED 32,800 a year (AED 19.93 per sqft).
- Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651–3,490,000 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 24 March 2026.
Questions about 5408, Paramount Tower Hotel & Residences Downtown
What did unit 5408 last sell for?
AED 2,600,000 on 23 March 2023: AED 1,581 per sqft for 1,644 sqft. The unit has 2 registered sales; the first was AED 3,035,760 in December 2016.
What is the rent for unit 5408?
AED 72,000 a year on the contract renewed on 24 March 2026. The previous contract, from March 2023, was AED 135,000.
How big is unit 5408?
1,644 sqft (152.7 sqm): a three-bedroom apartment on the 54th floor of a 63-storey tower completed in 2022.
What is unit 5408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Paramount Tower Hotel & Residences Downtown sold for AED 2,742,651 to 3,490,000 in the last 12 months, around AED 1,763 per sqft.
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Mortgage on 5408, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.6M, 23 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →