5502, Paramount Tower Hotel & Residences Downtown
Sold prices and rental history: sold once, by the developer in November 2021, 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 5502, Paramount Tower Hotel & Residences Downtown
What is 5502 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 10 December 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,167 sqft
- Floor
- 55th of 63
- Parking
- P4-13
- Developer
- Namaa Properties Development
- Completed
- 2022
- Service charge
- AED 23,300 /yr
- Last sold
- AED 2.01M · November 2021
About 5502, Paramount Tower Hotel & Residences Downtown
5502 is a two-bedroom apartment of 1,167 sqft on the 55th 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 30 November 2021 for AED 2,008,407, or AED 1,720 per sqft, 10% above the AED 1,566 two-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 10 December 2025, is AED 190,000 a year: a gross yield of 9.5% on the 2021 price, before the service charge of about AED 23,300 a year.
Sales and rents for 5502 over time
5502 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 5502 sits
All 329 2-beds →5502 last sold in November 2021 at AED 1,720 per sqft, 10% above what two-beds in Paramount Tower Hotel & Residences Downtown were fetching at the time (AED 1,566). 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. 5502's AED 190,000 is in the upper 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 55th floor
All 784 units in Paramount Tower Hotel & Residences Downtown| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5501 | 2-bed | 1,339 sqft | AED 2.5MAED 2,500,000 · Jun 2023June 2023 | 180,000 /yr | |
| 5503 | 2-bed | 1,121 sqft | AED 3MAED 3,000,000 · Mar 2024March 2024 | ||
| 5504 | 2-bed | 1,121 sqft | AED 1.93MAED 1,929,241 · Sep 2021September 2021 | ||
| 5505 | 2-bed | 1,152 sqft | AED 2.08MAED 2,077,000 · Feb 2019February 2019 | 150,000 /yr | |
| 5506 | 3-bed | 1,586 sqft | AED 2.7MAED 2,700,508 · Oct 2021October 2021 | ||
| 5507 | 3-bed | 1,645 sqft | AED 2.89MAED 2,890,000 · Oct 2023October 2023 | 195,000 /yr | |
| 5508 | 3-bed | 1,644 sqft | AED 2.9MAED 2,900,000 · Nov 2024November 2024 | 220,000 /yr | |
| 5509 | 2-bed | 1,221 sqft | AED 1.61MAED 1,605,800 · Oct 2020October 2020 | 175,000 /yr | |
| 5510 | 2-bed | 1,186 sqft | AED 1.57MAED 1,566,706 · Mar 2020March 2020 | 165,000 /yr | |
| 5511 | 2-bed | 1,290 sqft | AED 2.1MAED 2,100,000 · Nov 2023November 2023 | 165,000 /yr | |
| 5512 | 1-bed | 681 sqft | AED 1.7MAED 1,700,000 · Mar 2025March 2025 | 147,500 /yr | |
| 5513 | 1-bed | 679 sqft | AED 1.4MAED 1,400,000 · Oct 2026October 2026 | 110,000 /yr |
5502, Paramount Tower Hotel & Residences Downtown in numbers
- Sold once: by Namaa Properties Development on 30 November 2021 for AED 2,008,407, or AED 1,720 per sqft.
- Rented since May 2022 on 6 Ejari contracts, from AED 118,000 to AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2021 price is 9.5%, before a service charge of about AED 23,300 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 10 December 2025.
Questions about 5502, Paramount Tower Hotel & Residences Downtown
What did unit 5502 last sell for?
AED 2,008,407 on 30 November 2021, sold by the developer: AED 1,720 per sqft for 1,167 sqft. It is the only registered sale of the unit.
What is the rent for unit 5502?
AED 190,000 a year on the contract signed on 10 December 2025. The previous contract, from December 2024, was AED 180,000; the unit has been rented since May 2022.
How big is unit 5502?
1,167 sqft (108.4 sqm): a two-bedroom apartment on the 55th floor of a 63-storey tower completed in 2022.
What is unit 5502 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 5502? 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 5502, Paramount Tower Hotel & Residences Downtown
Starts from the last sale price (AED 2.01M, 30 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,008,407
- Deposit, UAE resident (20%)
- AED 401,681
- Deposit, non-resident (40%)
- AED 803,363
- Monthly over 25 years at 3.7%
- AED 8,217
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →